Raoul Pal: The Journey Man cover image

Raoul Pal: The Journey Man

"The Bear Trend Is in Place Until It Isn't"

Jul 29, 2022
13:27

Cryptocurrency prices are rising, but there are some conflicting signals coming from the market. According to Dean Carr, "It's a patience game." Carr, the founder of C The Light Trading, breaks down charts of Bitcoin, Ethereum, and other altcoins on his watch list, taking a technical approach to illustrate his main point. Carr thinks we need to see more upside rotation over multiple time frames to confirm a trend is in place before we enter new trades. And we may get some great short- to medium-term opportunities if we see those confirmations. Carr adds a note of caution: “The bear trend is in place until it isn't," and traders should be careful about "FOMO'ing in." Carr also shares the levels he’s watching for BTC, ETH, and other altcoins and explains how he analyzes risk-reward setups before he enters trades in a must-watch episode for traders and investors who appreciate the value of technical analysis. Recorded on July 26, 2022.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode