ARK upwards potentialARK has been a very longterm hold for me. They have a very good dev team and strong fundamentals, I suggest to do some research if you are unfamiliar with ARK.
During the alt cycle in December, many alts reached new ATHs. However, ARK failed to do so. Looking at its previous bullrun, I feel like we have only seen the beginning of new cycle in the last few months and there is still a lot of upwards potential. I have indicated a potential reversal area, which we are almost reaching . This area has previousy worked as support/resistantance. If BTC is not moving, I will try to pick up some extra ARK in this area.
ARKBTC
ARKBTC - Will the cycle repeat?Dear traders and investors,
I've been on long 4-5 week break after not taking any for 3 years. Though it was unfortunate that whilst I was away (in China), Cryptos went through an agonising correction to which I was unable to react. With that being said, I'm confident in the long term fundamentals of blockchain technology and will take the volatility into consideration.
Now - ARKBTC.
Love buying DPoS/Staking coins for a low price, for compounded gains from staking + capital appreciation over time.
ARKBTC is one of those consistent cyclical patterns that are easy to spot and have great risk/return ratios.
Judging from the current macro sentiment in alts, though most are more bullish, it's very likely that we may be in an alt bull trap in the sense that BTC volatility (up or down) may return and cause another dip.
Scenarios:
BULL - If the price action breaks and hold 200EMA with conviction, than I'm still okay because of my long term staking position in ARK.
BEAR - If it falls back down to my ideal entry point, then I will load up heavy bags.
NEUTRAL - 15% compounding weekly returns via DPoS
Invest what you can afford to lose, don't over leverage and don't borrow to trade.
ARK/BTC Time Frame 1 Hour on Binance Exchange.BUY:
3657 - 3721 Satoshi
SELL:
3888 - 4123 - 4314 - 4504 Satoshi
STOP-LOSS:
3582 Satoshi
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ARK Still Neutral in Short TermI think, ARK will remain neutral and consolidate around 45k Sats in the short term. The market needs to make a sustained move above today’s high and above the 50-Day EMA in order to confirm whether the recent rebound off 45k is not just a corrective move of the downtrend from the January 25 high but rather the start of a bullish phase. The RSI is still in bearish territory below 50 and the coin is capped by the 100-Day EMA at 48k Sats.
Bullish long term ARKBTC targets ARK had a great break out towards 11 USD / 75.000 sats in the beginning of January 2018 before the big correction. Assuming that the BTC price is somewhat stabilised for the time being I think now is a great time to accumulate more. Having the best looking wallet, POS algorithm and an active dev team indicates fundamental strength of the project (and the token). Looking at the price I have established the entry level and the exit levels. However, ARK has proven to be a risky investment over the time, so set your stop losses.
Please note that I don't have any degree in the financial fields, this chart represents my own research and should not be used as an advice of any sorts; it is just an idea.
ARK/BTCsymmetrical triangle, here the most likely scenario is breakout be happened in downward,if it would happen this will be a decent bearish trade.
ARK/BTC consolidating for its next moveThe daily RSI and Stoch RSI are in symmetrical patterns. This will break one way or the other soon. A whale just bought up a large part of an order book, and the price was sold right back down to where it started. Watch for a break of this triangle. I would only enter a position on volume confirmation.