ARKBTC trade ideas
ARK/BTC PRICE FORECAST | FEBRUARY 16, 2018|Ark is one of the most under rated project to me and I feel it is going to do much better in future when they're fully on track with their project. So far they have fulfilled every single promise as per their roadmap which shows that the team is fully dedicated to their project. Anyway, let's talk about the price analysis of ark vs btc and possible price forecast.
Looking from a daily time frame prospective, Ark is nicely following a range bound movement (as shown in the chart with two yellow lines as resistance and support) and once it has also broken upwards of the channel hitting the high of ~122k satoshis and retraced back almost 55% from the all time high. At present its sitting at a support of the trend line from where it could possible bounce up soon. RSI has also broke ou after hitting triple bottom whereas MACD is also showing a bullish convergence. Here's our trade setup for ARK/BTC :
ENTRY : 44K TO 48K SATOSHIS
STOP LOSS : 38K
TARGETS : 60K, 72K, 83K
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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Bullish long term ARKBTC targets ARK had a great break out towards 11 USD / 75.000 sats in the beginning of January 2018 before the big correction. Assuming that the BTC price is somewhat stabilised for the time being I think now is a great time to accumulate more. Having the best looking wallet, POS algorithm and an active dev team indicates fundamental strength of the project (and the token). Looking at the price I have established the entry level and the exit levels. However, ARK has proven to be a risky investment over the time, so set your stop losses.
Please note that I don't have any degree in the financial fields, this chart represents my own research and should not be used as an advice of any sorts; it is just an idea.
Ark falling through cloud support, next support level 0.4Ark seems to follow downward trend, waiting to pick up some around the 0.4 level.
ARK loves the Golden RatioThere are algos/whales in ARK trading heavily when ARK hits a Golden Ratio - this happened too many times to be a coincidence.
1) Minor Wave 4 retracing 61.8% length of Wave 3
2) Minor Wave B retracing 61.8% length of Wave A
3) Intermediate Wave (2) retracing almost 61.8% of the entire impulse move
4) Minute Wave (ii) retracing 61.8% of the length of Wave (i)
This gives ARK a monster target for Intermediate Wave (3) of 134k satoshis, at 161% extension of the length of Intermediate Wave (1).
A new era for $ARK$ARK will be big in 2018. I believe this is a very undervalued project at the moment. Chart looks bullish. Higher lows.
Delegated Proof of Stake consensus mechanism with up to 10% yearly earnings.
8 second block times. Smart bridges coming soon.
With DPoS, ARK is similar to LSK in terms of rewarding. There's no reason this project should not be up there next to it.
Good luck and happy trading!
ARK has some potencial within next couple daysIf ARK holds its current new support/past resistance 57731 with some more volume its can achieve quite a run up.
ARK/BTC Bearish Three-Drive patternTarget ~ 0.00074255
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ARK/BTC consolidating for its next moveThe daily RSI and Stoch RSI are in symmetrical patterns. This will break one way or the other soon. A whale just bought up a large part of an order book, and the price was sold right back down to where it started. Watch for a break of this triangle. I would only enter a position on volume confirmation.
ARK 49% Profit PotentialARK has been in this channel since 7th December 2017, the uptrend has been solid, there have been no Spring since then.
Currently its at the bottom of the channel, it has reached the bottom 4 times in the past and has always bounced from it:
First bounce peaked at 110% profit
Second bounce peaked at 118% profit
Third bounce peaked at 38% profit
Fourth bounce peaked at 35% profit
MACD / Stoch RSI / RSI support upward movements, we're aiming for 49% profit wityh this trade.
Buy price: 0.00053
Target: 0.00080 ( 49% potential profit )
Stop loss: 0.00049 ( 7% potential loss )
Reward to Risk: 7 to 1
ARK to move 25% upwardsARK is on a 4 hour TTM squeeze watch, and we're approaching the apex of the symmetrical triangle; this is a continuation break pattern, so we should continue the upward trend.
ARK BTC - Some Down Then UpArk is held back by resistance but looking to breakout soon
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ARK BTC might test new support levels Based on the Short position of BTC (see my previous idea published about BTC short position), ARK BTC might hit new support levels.
ARK Trading Idea Short TermARK is on clear uptrend on 4 hour chart RSI also pointing up can easily go up after retracement on 4 hour chart
Target 0.00063 to 68
