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Ark / BTC

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ARKBTC trade ideas

ARK potential end-to-end cloud breakI'm still new to T.A., so disclaimer there as to the potential accuracy of these indicators. That being said, it looks like there's a potential end-to-end break going on with ARKBTC; just recently had a T.K. cross after converging for a few days. R.S.I., while a little high, is actually lower than it was when the trend changed to bullish. The price is pushing upwards with good momentum and given the past all time highs it could very easily extend beyond the 70k satoshi mark, in my opinion, if it breaks that Fibonacci level. I opened a position around ~50k satoshi, looking to close at ~70k satoshi. Potential re-entry depending on market conditions at that time. This chart is 1-day time frame. The 4-hour chart indicates a similar bullish trend, riding above the cloud with no exit signal yet.
Long
by Konrad-Reinhardt
ARK BTC Ascending Triangle, Hidden Bullish DivergenceI'm seeing a similar pattern on a lot of my favorite alts. Hidden bullish divergence (RSI lower lows, price action higher highs), Ichimoku cloud flip, and with ARK in particular we may see an end-to-end cloud break on the daily time frame. Ark is in a clearly defined ascending triangle. I don't think this is bearish enough to be a triple top; the bulls are likely testing the resistance to break upward. The upper limit of the Ichimoku cloud fits perfectly onto the 50% retracement zone of a Fibonacci from the All-time high back in September. 1st target: 0.00070995 www.babypips.com
Long
by RotiWokeman
ARK/BTC - Ascending triangleARK/BTC is looking rather interesting in the 4h chart. Price has been building up an ascending triangle pattern since the first days of December. Ascending triangle are notoriously bullish continuation patterns, and ARK price has bottomed at around 18400 satoshi on Dec. 7, where it has bounced back, exceeding the high on June 7. Although I am sure that ARK might as well revisit the previus all time high and exceed it, I am more interested right now in a short term, safer trade. The MACD is looking like it is turning bullish again, but the Stochastic RSI looks like it will go down, suggesting that ARK price will touch the lower side of the triangle again before breaking the upper side of the triangle. There are 2 ways to enter this trade: 1) Wait for a pullback at the 78.6% Fib. retracement (around 48000 satoshi), where both the 50-periods SMA and the lower side of the triangle should act as support and propel ARK upwards. 2) Set a stop-order above the 57000 satoshi level, which will confirm the bullish continuation pattern. Which one of these you choose is depending on your trading style (do you like to buy dips or breakouts?). The 1st choice is riskier but yields the greatest profits, while the 2nd is definitely safer. My target is just a little below the 1.618% Fib. extension at 80000 satoshi. This is because this is a round number and therefore it will surely have a sell wall in order book, so it will likely be hard to cross and have strong resistance. This is not financial advice, this is just my opinion. Any comment is appreciated.
Long
by Andratos95
2
ARKBTC 30 December 2017$ARK Small breakouts, RSI still positive, MACD as well and on the 1H about to cross, which indicates good things. Also, the ascending triangle is still in play. A few scenario's: Scenario 1: We'll test the resistance around leg D and will fall back to leg E. In that case we'll wait until the first days of January to move out. Scenario 2: We're already done with Leg D and are now in Leg E. For that we'll break out and will go to the next target, which is between 65-69K Sats. Scenario 3: Can't hold Support line, in that case we'll fall back to the first fibonacci level and we'll go sideways. Fib level is 48K sats in that case. The blue box = stop/loss zone. Green Box for support we've moved up. First target: 55K Second target: 65K-69K
by CryptoMichNL