ARKBTC trade ideas
Ark to short more ?Volumes are not convincing to take bounce at the support.
Slowly price would move to 0.0002900 and it may try to reverse from that level.
$ARK Long Late post. Trade got stopped out with 7 loss.
Entry @ 0.000537
Target 1 @ 0.000672
Target 2 @ 0.000789
Stop @ 0.000497
A FLOOD IS COMING... FIND SAFE PASSAGE WITH #ARKNoah knows best. With BTC pulling back from all time highs, expect a flood of money to enter the crypto space through ETH. ARK has consolidated nicely off all time highs and is set up to replicate a 6 month cycle - and the time to buy may be now.
$ARK on its way back? Wait for little correctionAfter a beautifull run up (see link below for set up), ARK did a deep retrace....all the way down to fibo 78,6.
This was way further as I expected and I got caught in a failed breakout and the dump from last days.
As I'm long term bullish on ARK, I took the opportunity to add more to my position around that fibo level.
The target shown on the 240 chart is longer term, considering we just started the next leg up (5th leg out of 5). MACD is close to turn green again.
Short term I'm expecting a bit of corretion after this nice recovery. RSI is almost overbought.
Tradingadvise: wait for a smaller correction to hop on the ARK train, previous runs show the potentials of this coin.
In terms of moneymanagement I would advise to keep an eye on BTC movements. If BTC bulls start to run again, alts might make another dip. If ARK falls below the 78,6 fibo it might drop all the way to where it started for a new accumulation period.
Trade Idea: ARKCurrent thoughts on the ARK purchase I just made. Credit to scooty94's idea for some input.
ARK - bouncing time?It seems that ARK doesn't want to go down anymore.
First reversal signs are clear: downtrend got broken both in the price and the momentum, SAR is going to turn around and the price bounced over a strong support.
I'm definitely putting a buy order somewhere around here.
I'm splitting 50% now and 50% later, though, as it may go down some more given the insanity around the btc fork.
Ark, Falling Wedge Hitting Support.This falling wedge looks like it's intersecting right at a longterm support line. This looks like a pretty decent spot for a solid bounce. Not a professional, just an idea.
Ark turning point or more down movement? It seems like there will be some upside movement for sure and cn potentially come back down from the resistance line.
Can it break? I highly doubt it due to the Segwit2x situation and as people are going back to #Bitcoin for airdrop money.
Ark head & shoulders top reversal - 2 target pricesARK/BTC is showing a clear head & shoulders top reversal. expected target prices are labeled on the chart. first target is a probable support level, second target is based on pattern projection.
fundamentally this is an excellent coin (decentralized exchange), it just became a victim of hype and needs to cool off for a bit before it can make new highs.
trade at your own risk.
Long term prediction for ArkSeeing further downside in Ark against BTC. Historical support has been roughly 65% down from the most recent ATH. Expecting to see support around 0.000420.
ARKBTC - Bullish Support Target Reached - What Next?ARKBTC reached the bullish support target.
This chart speculates on forthcoming price action.
ARK: Brief Consolidation Before Further UpsHigh volume on the sharp increase of price indicates that we're currently looking at further upward movements after some consolidation. Expect a few more hours of this behavior before the price attempts to break the resistance again.
ARK Wave 5 - 85% GainArk has finished off its Wave 4 retracements and will start Wave 5 soon.
There is a possibility of sideways movement.
However, I believe that wave 5 (because wave 3 was extended) will not be as big but still, the opportunity is there.
Not a short term trade idea. Maybe 1 - 1.5 month.
Note: Ignore the waves drawn out with orange lines. It is just meant as visual aid from start to end of wave 5.
Will history repeat itself for ARK?This is a super speculative forecast, I'm interested to hear the communities thoughts.
ARK has been on a tear the last month or so, and the RSI on the daily shows it. The RSI on the daily has only reached the level recently attained two other times in the record. Each time, a long drawn out corrective wave follows.
If correct, ARK will enter an accumulation phase and then start another bull run in November.
