Is It Too Soon to Bottom-Pick?

Everyone in the cryptoverse wants to know when the lows are in. But Holden Milstein and Mish Schneider of MarketGauge.com say crypto won’t bottom until equity markets do. "Most bottoms, you get a sharp rally, a ‘V’ reversal, or a breakout from the compression zone," Holden notes. "Until we see [Bitcoin's] price action moving back up, the bottom is not in." In conversation with Real Vision's Ash Bennington, Holden and Mish talk about their playbook for trading this stagflationary, sideways-moving bear market. They also discuss the impact of Federal Reserve policy on financial markets and the similarities between the current crypto crisis and the dot-com era. Can we identify the cryptos built to survive, even if we see a repeat of the current downturn? What’s the Marketgauge.com team trading at the moment? Mish and Holden answer these questions and many more in today's episode. To follow their market commentary, visit Marketgauge.com. Recorded on July 12, 2022.

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