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Ark / BTC

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ARKBTC trade ideas

Don't be unprepared when ARK will reverse!!It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly. To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest. ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction on ARK is particularly dramatic, and that's the reason why after gains like these you should sell! BTW, I'm talking too much. The point here is that ARK has proven to be a solid coin, remaining strong also when BTC was crashing. So, get ready to jump on the boat, as once the correction will be completed, there'll be another fancy ride. So, given I have a capital of 100 I want to put into ARK, I'd go like this: 25 @ .618 fib retracement (54k sats) 25 @ 47k sats resistance (if reached) 50 at reversal signals (price & RSI downtrend breakout, MACD crossover) Buy the f*ckin dip!!!
by lukescream
Falling wedge on ARKI think we see a clear falling wedge when looking at the 4 hrs RSI on Ark. I used the moving average for 21 days (dark green line) and 50 days (red thick line) to see that the moving average of the last 50 days is still to high when you compare this with the moving average of the last 21 days. Ark needs to break out soon, but only when the moving average of the last 21 days will grow to a higher average then the 50 days average. (so the green line needs to get higher than the red line) If this doesn't happen, it might go down at this moment. Any other views? Let me know, feedback / thoughts are welcome.
by bitenlitecoin
4
ARKBTC - Dropping Further? Key Points to WatchARK has been on a gradual slide over the past while. Has threatened to break the downtrend more than a few times but has ultimately failed and now there are a few likely points where it could rebound or continue to fall. - Key fib levels have corresponded to where support has been found during the current dip. - Today was the first time during this dip that an hourly candle closed before the 0.5 fib level. Currently the price is hovering between the 50 day average and the 0.5 fib level so it could either rebound at the 50 day, or fall through that support. - If it fails, expect it to move down towards to the 0.618 fib level and look for support and a possible rebound. - Again, if it fails here could move down towards the 100 day support/0.786 fib level which corresponds with a historical trend line. Takeaways: - If there is a significant rebound from the 50 day and we get some candles closing north of the 0.5 fib level, it could mark the start of an upward trend if RSI and Volume support it. - If it falls below the 50 day, look to see if it rebounds or continues to fall at the 0.618 fib level; respond accordingly. - If candles start to close below the 50 day, look for a rebound at the 100 day.
Long
by gwm
4
$ARK ready to bounce after long ABC correctionARk made a long ABC correction and is closing in on the possible bounce area (blue box). The correction went deeper as expected at first sight, but is almost complete now. (see previous set up for ARK below) As we can see biggest part of this correction is in a corrective pattern, so I have been waiting some days/weeks already for this moment. Suc a corrective pattern is a clear sign that it will break to the upside, just a matter of time. Now we're reaching the blue box, the break out can happen any monent. On lower timeframe we can see that its alreay closing in on the trendline and trying to breakout. Its showing a Trend Continuation Pattern after the last candles up. Once break out happens, I'm expecting a 5 waves up move towards the blue box. This is mid-long term. Please read again.... mid-long term,so not next week! Tradingadvise: ballsy traders jump in now (as bouncing area is not that far away). More conservative traders wait for the break out and buy when a TCP is formed (see link below for breakout trading) Happy trading!
Long
by Crypto_Ed
11