ARK - Break of TriangleMy last post on ARK was in response to the upward break of the previous triangle. Unfortunately, BTC broke out only minutes after this move, causing many alts, including ARK, to dive. After a break of support, we also had a break of the 0.382 fib. Another triangle was then formed with the 21 SMA (red) as the resistance. Also note that the previous triangle had the 77 SMA (white) as resistance.
This second triangle was just broken with a rapid spike in price, breaking both the 21 and 77 SMAs as well. Ark has a reliable pattern of consolidation after drastic moves like this, so I expect price to pull back around 50% of this climb to return to around 0.00046-0.00047 for an entry point. Stop loss should be placed below the triangle at ~0.000415, with a 20% target at the 0.618 fib under 0.00058.
Az.
ARKBTC trade ideas
prediction for ARK pricesFairly new to the cyrpto scene but here is my prediction for ARK prices. Looking at the previous patterns that the ARK market has had, I suggest ARK will continue this pattern. I had my own buy orders at around 0.0006 and 0.00050, we found support at around the 0.00045 level (even with the BTC rise). Within the given month ARK will reach somewhere between 0.0018 and 0.0024.
Please feel free to give your thoughts.
ARK Continuation - DownwardARK is currently bouncing off of the 23.6% Fib. Although it appears to be rebounding, the rising wedge suggests a continuation of this downward trend. A pick up in volume may suggest a bull run to 0.00562 BTC (38.2% Fib).
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Fibonacci 61.8% the turningpoint for Ark?Ark is facing a huge correction at the moment. Currently stopping at the 61.8% Fibonacci level.
With the current situation where most alts are in trouble lower levels are not unlikely. The old uptrend that is crossing the current value a new uptrend is also possible. Until it's leaving the downtrend I would be careful with any new investment.
ARKBTC - Bittrex long Q1 2018Timing might be a bit short. and this does not factor in any company news or political moves. Also. this is not advice. I am studying and applying what I am learning, So in no way is this a forecast. But should price action support my charting then I have a buy/sell strategy in place.
ARK POSSIBLE SCENARIOSARK is a strong coin. Do some research.
If we look at previous ARK BTC movement (representative example in the yellow rectangle on the left) we can expect this scenarios. The black curve is the consolidation in both cases.
Red are the main trend lines where we can expect suport. So I see as the most possible scenarios violet and orange arrows. Light blue I see as a typical bubble pattern. Worst scenario is more consolidation under the main red line. It can happen even with strong coins, look at STRATIS charts.
I will probably accumulate some ARK in the yellow square near main trend line and if it goes below it, some more at the blue suport. But this is not an investment advice, do your own plan.
ARK BTC T-1 READY FOR LIFTOFFARK BTC IS GETTING READY FOR LIFTOFF. Los Angeles 4:08 PM.
ARK is set up for a nice run up to the Target Positions. Pick your targets carefully. Just because I lay it all out for you doesn't mean its going to hit all four targets. Macd on the 1 Day chart is about to cross over the signal line with lots of room for growth to the upside.
RSI needs to break 50 to start the run, and remain above 60+ to break resistances and hit targets.
I wouldn't wait until the price action reaches to the Target level 4 either. I would exit with profit as soon as I see signs of weakness.
Good luck on your flight~ Don't fall off the rocket ship.
ARK - Break of WedgeArk has just broken the upper resistance of a wedge formation.
The wedge was formed by previous price action during its correction (A), resistance along the 77 SMA (white line; C) and contact with the 0.382 fib (D). The arc (lol) of the 235 SMA (purple; B) has formed on the 0.618 fib, while the 77 SMA appears to be flattening on the 0.5 fib (E). The RSI has also followed an arcing curve since the previous run.
In the mid term, I expect a break out to the 0.618 fib, to our first target at around 0.000589, before potentially moving to the 0.786 fib. For this second target I have taken the 235 SMA into account as potential resistance, resulting in a more conservative target of 0.000669.
Overall I think this chart is ready for another run, for potentially 4x Return from these levels. I am calling the bottom at 0.00045 (D). I will include charts of the previous runs to explain my reasoning for this in the comments.
Good luck!
Az.
ARK bouncing from supportI drew this chart about a week ago. Looking at the past few weeks, we have created a downward pennant and today we have just broke out of the pennant. We could see a trend reversal as long as the channel holds.
If this trend holds we could potentially see a decent return from this buy. However, before we break out more we should be seeing ARK going back to retest the support
ARK Manipulation Exploration - Sell Wall 10/18/2017Last night as ARK began to recover a Sell Wall was placed to force the price back down, as has been done numerous times over the past few weeks. I've captured one section of the Sell Wall in the Bittrex Order Book and have highlighted where in chart the sell wall occurred so that others can see the effects of this manipulation. I've also highlighted a previous Sell Wall reaction, though I did not capture that sell wall in the Order Book at the time.
Photo of Sell Wall on Bittrex: i.imgur.com
Once the climb began, a "whale" put down 26k ARK up for sale in the form of a Sell Wall, effectively staunching growth. The price of continued growth would be, in this Sell Wall's case, 14 BTC, or ~75,000 USD. As of now, the 24 hour volume on Bittrex is at 302 BTC, meaning this sell wall being taken down would have been attributed to nearly 5% (~4.7%) of the daily volume. Thus, a large investor is seen to be holding the price down, presumably to accumulate more themselves before they allow a "moon mission", as is typically the case with ARK, historically.
One last note: this sell wall is small, I have seen two whales come together on Bittrex and force a 100+ BTC wall when we were nearer to 60k Satoshis.
Requested ARK Chart: Issa BearI'm not sure how much clearer this trend can get. Small retracements might be approaching soon but overall it seems like we're still far from a reversal.
ARK recently fell below support to enter the third fib level which may or may not be the bottom but it's too early to tell.
Pretty textbook example of an altcoin pumped by hype.