A Technical Analyst Talks Key Crypto Levels
Understanding "support" and "resistance" can make you a better trader.
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Show Notes
How do you distinguish trading signals amid all the noise financial markets create? Technical analyst Dean Carr from C The Light Trading joins Real Vision's Ash Bennington to explain how he spots trends in crypto price action using a wide range of indicators over multiple time frames. "As a technical analyst, I'm trying to smooth out the trend," says Carr, noting that to do so "you need to move on to larger time frames." Carr focuses on Bitcoin, Ethereum, layer 1 protocols, and privacy coins, highlighting the critical resistance levels they must overcome before their technical profiles turn bullish. Carr adds that failure to clear these levels "opens the door for lower prices." Recorded on April 18, 2022.
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