Bankless Bull or Bear? What the Charts Are Saying | Ledger from Up Only
Mar 16, 2022
Brian Krogsgard, Co-founder and CMO of Flip and co-host of Up Only, dives into the chaotic crypto landscape with insights on whether we're in a bull or bear market. He breaks down key chart indicators, including the 200-week moving average, and discusses the potential impact of macroeconomic factors like inflation and the U.S. dollar. The conversation explores Ethereum's long-term bullish outlook and highlights strategies for navigating market volatility, all while pondering the possibility of a cryptocurrency supercycle.
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2018 and 2020 Market Compression Examples
- In 2018, Bitcoin's price compressed for a year before a major breakdown.
- A similar pattern emerged in 2020 with a bullish breakout after compression.
Similarities to 2018 Bear Market
- Current market conditions resemble the 2018 bear market in terms of compression and liquidity drain.
- This suggests a potentially extended period of sideways or downward price action.
Secure Profits, Maintain Exposure
- Secure profits and achieve financial goals when markets perform well.
- Maintain some exposure to benefit from future upside.