Joe FierHead of Builds, Delphi · Scaling expert knowledge with AI

Understanding the FTX Collapse and Market Cycles Explained

Name: Understanding the FTX Collapse and Market Cycles Explained
Uploaded: 2024-11-06T18:56:26+00:00
Duration: 59 s
Channel: Joe Fier
Description: Speaker argues that skilled technical analysts can predict market direction from charts before news events; the FTX collapse was predictable and…

6 Nov 2024 · 1 min

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Speaker argues that skilled technical analysts can predict market direction from charts before news events; the FTX collapse was predictable and coincided with the bitcoin market bottom (with Ethereum bottoming about one to two weeks later). The speaker frames crypto markets as repeating ~4‑year cycles and advises studying these cycles; remarks are anecdotal and first‑person (speaker identifies as a market-cycle student, not a top TA expert).

Chapters

Everyone looks at stuff and goes, okay, well, it was because of ftx. No, the FTX happened because of the event. Like, it's really funny. Like, that's why the good TA guys can tell you where we're going without hearing the news. And then they can hear the news and be like, oh, yeah, I know that because the shark told me, the chart told me where we're going. The real good TA guys, and I'm not a great TA guy, but I am a market. I am a market cycle student, I will tell you that. But. And we have guys smarter than us who do our TA for us and they could, they could see this stuff, man, coming a mile away. So the FTX collapse, it was foretold, it was going to happen before even happened. Even though, you know, a lot of people got hurt in that collapse. But that marked the bitcoin bottom in this last cycle and Ethereum bottom around a week or two right after. And then, then the cycle starts over again. It's rinse and repeat and it's just every four years. And so you just want to be a student of the cycle.