Real Vision CEO and macro expert Raoul Pal says he’s adding to his crypto positions to pick up steep discounts in the collapsing markets.
Pal tells his 955,000 Twitter followers that while things can definitely get worse, on a longer timeframe, Bitcoin is approaching a major “buy zone.”
But can things get worse? Absolutely. But for my investment framework, we are in the buy zone…right near the 2 standard deviation [logarithmic] regression channel.
Source: Raoul Pal/Twitter
The former Goldman Sachs executive says two indicators are strongly suggesting that a reversal or at least a bottom is near for Bitcoin. He brings up the relative strength index (RSI), and the DeMark indicator, which uses a mathematical formula to identify inflection points in price.
“With the weekly