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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Long-Term Crypto Bull Market vs. Short-Term Cycles
- Crypto is in a multi-decade long secular bull cycle.
- However, local bear and bull seasons exist within this larger trend.
Market Compression and Trader Frustration
- Reduced trading volume and volatility often lead to market compression.
- This creates a frustrating environment for traders seeking clear trends.
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.