Ark / BitcoinLong
ARKBTC - Trend Looking Good Going Into 2018
Updated
ARK is still looking really good on 1D candle sticks. It's following the trend nicely and I think we can continue to see it ride the trend line within the next few weeks.
Some point to note and things to look out for:
- Whether it reaches the first or second target is unknown yet. Will have to watch the RSI and MACD closely when the time comes.
- The # of days between peeks has been doubling. If we continue to see this trend, then we can expect to see the next peek late March with smaller steps on it's way up.
- RSI has been showing oversold for a few days now and MACD has been below 0 for some time. Good signs as it nears the trend line.
- I don't expect the next peek to reach the top gray line. Reason is because of BTC. Recent adoption and bull runs for BTC has made it difficult for some lower/less well known alt coins to grow.
- It will be good for ARK if BTC slows down and flattens. This is the general pattern when ARK goes up, BTC flattens or goes down. However if BTC has a big correct in early 2018, it can hurt ARK and we can see it dip below the trend line.
- With the upcoming releases for ARK in early 2018 (ARK Core v2, mobile wallet, etc.) it will set up the next peek in March/April perfectly.
Suggestion: Even if ARK dips below the trend line or flattens out, keep holding ARK and vote for the delegates. It is best to ride out the down market and still receive ARK daily or weekly while you wait. That's what I've been doing since mid September and have saved up a very good amount. Free ARK is good ARK :)
Happy investing!
Some point to note and things to look out for:
- Whether it reaches the first or second target is unknown yet. Will have to watch the RSI and MACD closely when the time comes.
- The # of days between peeks has been doubling. If we continue to see this trend, then we can expect to see the next peek late March with smaller steps on it's way up.
- RSI has been showing oversold for a few days now and MACD has been below 0 for some time. Good signs as it nears the trend line.
- I don't expect the next peek to reach the top gray line. Reason is because of BTC. Recent adoption and bull runs for BTC has made it difficult for some lower/less well known alt coins to grow.
- It will be good for ARK if BTC slows down and flattens. This is the general pattern when ARK goes up, BTC flattens or goes down. However if BTC has a big correct in early 2018, it can hurt ARK and we can see it dip below the trend line.
- With the upcoming releases for ARK in early 2018 (ARK Core v2, mobile wallet, etc.) it will set up the next peek in March/April perfectly.
Suggestion: Even if ARK dips below the trend line or flattens out, keep holding ARK and vote for the delegates. It is best to ride out the down market and still receive ARK daily or weekly while you wait. That's what I've been doing since mid September and have saved up a very good amount. Free ARK is good ARK :)
Happy investing!
Note
Another good thing to look at is the market depth chart on exchanges. Just looking at Bittrex (my primary exchange), there are a lot of sell walls that will need to be eaten up. Hopefully the price rides that black trend line while those sell orders get filled. If (or when (; ) they do, then it's take off!Note
Bounced off of the trend line perfectly. Very similar pattern here as we saw back in July (circled in gray). If that's the case, then we might see a top like we did on 7/22. Looking for it to consolidate and thin out (higher lows, lower highs) until we get that nice bullish rush going into next year.Mobile wallet still 98% however they did complete the ARK-BTC smartbridge!
Read about it here: medium.com/@arkaces/development-of-the-ark-and-bitcoin-listeners-completed-13494d0d95c1
Note
Don't worry or panic at this small drop. Just washing away the sellers...there's still large buy orders at 0.00028 (right at the trend line).We're looking for it to stay at/above the trend line while also watching for the dips to have higher lower. Once it does, we will slowly start to see a trend reversal.
Note
Keep Hodling peeps. No reason to panic. Rise of BTC is making alt coins suffer.Note
Quick update on 12/8...BTC gave altcoins really a hard time the past few days. Which isn't bad considering we know where the money is flowing into if alts are going down. Once BTC slows down, money flows back into alts. That's the general pattern. We might've seen a new low which just slightly dipped below the trend line.
Uptick in volume will confirm that money is flowing back and we can get that buy pressure back. I'm still positive that the up-trend will continue.
Next few months will be interesting.
Note
ARK wallet 98.5%!Note
I will be posting another updated chart once we see what happens with the market after BTC Futures because it's causing some uncertainties.Note
Continuing to see a bit of growth a little under the trend line. These sell orders keep coming in keeping the price down. That's what I've notice the past couple of weeks.Note
ARK added to OKEx, Mobile wallet 99%, and many other improvements!We dipped below the trend line but stayed with it and volume tripled within 24 hours. We may be seeing the moon anything now!
Just a note, keep paying attention to the market depth charts! They will be a dead giveaway.
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