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Podcast: Raoul Pal: The Journey Man
Episode: "The Bear Trend Is in Place Until It Isn't"
Description: 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 be...