Happy Friday, Cryptocademy!
What a day for Bitcoin and the rest of the crypto market! It’s certainly nice to see some green after the September slump.
Two key questions come to mind following Friday’s pump.
- Should you trust the bounce?
- What does BTC need to do to confirm that the bottom is in?
I’m going to answer both questions in today’s newsletter. I’ll also provide updates on ETH, ADA, and VET.
Should You Trust the Bounce?
Whenever I discuss topics like this, I’m usually told I’m too cautious. Or if I’m on Twitter, I’m told I’m too “bearish”.
That always gives me a good laugh because I’m just as bullish as anyone else on cryptos over the long term.
But what about Friday’s bounce?
Does it suggest that the bottom is in, or was it just a short squeeze and nothing more?
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