ARKBTC - Buy Opportunity, Long
On the daily, I am expecting ARKBTC to gain steam once again and ride on the 20 Moving Average. The Stoch RSI indicator 'not shown' is bottoming and about to turn up on the daily. I say it's a good opportunity to buy and set your stops at the percentage you prefer just below the pennant support line. Increasing volatility expected in the next several days so be careful where you enter on the 15 - 30 minute as it swings quite a bit. Ride the wave... Jump out at the top when the RSI gets just above 60 on the daily... Note the 100 MA crossing up on the 200 MA around Feb 26 and still looking strong to me. If ARK crosses the upper resistance line shown and holds that position, I believe there will be large gains... Good luck!
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