The Tools One Analyst Will Use to Spot Crypto's Next Big Move
All markets are adjusting to tighter monetary policy, but few, if any, have long-term potential like crypto's.
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Show Notes
With the Federal Reserve shrinking its balance sheet and hiking interest rates, investors in all markets – including crypto – must deal with the reality of reduced liquidity. Dean Carr, founder of C The Light Trading, sees “no reason to be long anything weak,” but he’s looking for volume to bounce back and prices to recover some ground before jumping back in. Carr joins Real Vision’s Ash Bennington to talk about key technical levels that can help us understand price action in the crypto market. When it comes to Bitcoin, for example, clearing $32,500 to the upside would be a sign of renewed momentum; downside risk is “the $20,000 to $22,000 area.” Dean walks Ash through technical profiles of Ethereum and other altcoins on his watch list, with an emphasis on relative strength, and shares his thoughts on when the recovery will begin and how high prices will go when it happens. Recorded on June 6, 2022
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