Ankr | Chart Structure (Bull-Market Dynamics Explained)

12 sept

Ankr (ANKRBTC) grew more than 2,900% in its 2020/21 bull-market. The bull-run alone (2021) amounted to a strong 1,776% price jump... Amazing.

How are you feeling?
We have a new day, a beautiful day and the Altcoins market continues to heat up.

Let's mention the chart structure for this trade-idea.

Notice how big the candles become during the bull-run phase of the bull-market. The candles are also quite big during the initial part of the bear-market. This is the left side, where it says "double-top" on the chart and around 2021 and early 2022.

As the market prepares to change the trend, notice how each time the candles become smaller and smaller, and trading volume starts to disappear.

We can predict a change of trend by looking just at these.

This means that the bearish phase is ending and once the bearish phase ends a bullish phase starts; the market always alternates between bearish and bullish, night and day.

What follows would be the accumulation phase.

Here is how things generally play-out:

1) Initial bullish breakout. One wave that is good but not super strong.

2) Higher low. The initial bullish breakout ends in a higher low.

3) Bull-run. Very strong growth for weeks or months ending in a new All-Time High or a new major peak.

This is exactly what we can expect for ANKRBTC next: (1) An initial bullish breakout that ends in a (2) higher low, followed by a very strong (3) bull-run.

Namaste.