Face it, this ship goin' down to the sandy bottom of the Long shore man's dream. Seems like every consolidation is but a coiling of the spring inside a dart gun aimed at the ground. If you want my best advice, buy gold last week.
They say after the big shake-out not only will the ANKR hodlers be gone, eh, maybe even ANKR will be gone. Who knows? Will you be out in time?
Where you might expect (or suspect) movement / pivots.
You know it's going down -- until everybody knows, then it goes up. Not everybody knows yet, imho. Looks to me like it will want to complete this half circle -- almost -- then go up again to entice buyers. Manage all risk and chase no gain.
Retracement of downtrend versus retracement of rally, at least gives interesting pivots.
Like the hare and the tortoise, crypto has distracted the novice minions by the millions. How many have lost their life savings and more, galloping up and down with crypto volatility? Now the fear of regulation -- BIG TIME -- intervenes, crashing everything that was new. And folks turn back to the old relic doorstopper, which begins to shine. ALT COIN SEASON...
Simplified Fibs and a bit of pessimism combine to reach zero point zero eight imho.
Just as one thinks ANKR starts to return to the onramp to Parabol, some whale gets shorty. Be ready for that scenario, ready to abandon ship all the while you are riding waves up. Just sayin'
I refer to a previous post linked below.
Might hit the top of the box. Don't be trapped!
Assuming the recent selloff was an aberation, the typical volatility resumes, with plenty of space to walk back down.
Although it appears ANKR has recovered from a downtrend and begun a longterm (relatively, as this is crypto) rally -- the modus operandi has been that ANKR is a Shorter's wet dream. One step up, one-point-five steps down, repeat ad infinitum. Until the macro intervention. Then it's back to business as usual. Anchors drop -- it's what they do.
Looks like a short term short oppty inevitable but generally aiming back up. Reminds me of the term "less than zero" -- where coming back up to zero is a rally. Or at least, zero point something. Netx up, short the long?
Looks like H&S completing which means another drop imho. But how far?
Reverse H&S formed off crash like a drawn back bow. What stands in the way of 200% repeat after this wipe out? Rythmically, it looks due. I hope it for you!
Just a simple peaks and valleys view. Anything can happen. Got gold?
Maybe it's a ruse. It's always a ruse.