ARK Decision Time
Looking like ARK is forming a gnarly bear flag right now, however, it hasn't stopped ARK from gaining before.
Three possible situations:
Orange arrow if this bear flag is invalidated as it is a fib support. Unlikely in my opinion.
First small red arrow, this is more of a likely situation. Year-span trendline support at the first small green "buy" zone.
If bitcoin tanks to 6,000USD which i'm doubting it will, the large red arrow is possible. Near 100% retrace and strong support from last cycle. No brainer buy at the second large green rectangle.
THIS IS NOT FINANCIAL ADVICE STRICTLY A HOBBY OF MINE.
Three possible situations:
Orange arrow if this bear flag is invalidated as it is a fib support. Unlikely in my opinion.
First small red arrow, this is more of a likely situation. Year-span trendline support at the first small green "buy" zone.
If bitcoin tanks to 6,000USD which i'm doubting it will, the large red arrow is possible. Near 100% retrace and strong support from last cycle. No brainer buy at the second large green rectangle.
THIS IS NOT FINANCIAL ADVICE STRICTLY A HOBBY OF MINE.
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