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Published Mar 16, 2022

Bull or Bear? What the Charts Are Saying | Ledger from Up Only

Brian Krogsgard dives into the volatile world of crypto markets, exploring potential bull and bear scenarios, and emphasizing Ethereum’s transformative prospects post-merge. The episode also sheds light on macroeconomic factors like inflation and the US dollar’s impact on both crypto and traditional markets.
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Episode Highlights

  • ETH Catalysts

    Ethereum's future is shaped by significant catalysts, particularly the anticipated merge, which could drastically reduce ETH issuance by 90%. suggests that while the immediate price impact might be minimal, the long-term narrative will gain traction once the merge occurs 1. He highlights Ethereum's potential to become consistently deflationary post-merge, enhancing its utility and challenging Bitcoin's deterministic emission schedule 2.

    The chances that Ethereum is actually net deflationary consistently, I think the probability of that is quite high.

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    This shift could position Ethereum as a more attractive asset, potentially leading to substantial price increases in the future.

       

    ETH vs BTC

    Ethereum's market position relative to Bitcoin is a crucial indicator for investors. and use the ETH/BTC ratio as a bull market indicator, noting that Ethereum's performance has been strong since the last market bottom 3. Brian acknowledges the challenges in trading this ratio but sees potential for Ethereum to reach significant levels, possibly even flipping Bitcoin 3.

    I have no problem holding Ethereum relative to Bitcoin.

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    He also discusses the 200-week moving averages for both assets, suggesting that Ethereum's lower average presents a compelling buying opportunity 4.

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