ARK suprised me really. A while ago, I picked this one although I didnt see any real indications on the charts (see link below), This morning I tweeted that it might make a correction as it reached my blue box, but it kept going! This changed my previous pattern. It reached 1.618 fibo extension exactly and I'm (again) awaiting a correction before we continue the ride to (5).
Check the RSI, same pattern as before when it corrected. Not sure if it gets to (4), pretty sure it will reach (5).
In case we get a correction, I will update when to look for new buys.
Happy trading!
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Just a small heads p that ARK is smoothly heading for (4) where we can add to our positions. Once we get closer to that zone, watch price action for the potential reversal towards 5. I will try to update at that time.
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Strong bounce newr trendline , making leg 4. Looks as it just started leg 5
looking forward to updates. really been enjoying your various analysis and commentary. thanks so much for your efforts!
Psywalker
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just hodl
GeneBTC
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what happened there? fake out? people are starting to hunt your calls?
iarrow
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awesome
jblaze
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such a good run. Do you expect the correction to mirror BTC price correction?
Schmeaulin
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Thanks for your analysis! And I think you cleared something up for me, I somewhat assumed we were reaching the end of (5) right now but you have tied it to what I saw as (3).. this explains why this leg just kept going and going where I expected it to end any minute. Is it common to tie 2 waves together into 1 like that?
Thanks again!
veltto_keksi
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@Schmeaulin, For what it's forth, I believe this was indeed wave 5, and we're now heading for the bigger correction.
janoslav
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cheers, glad i bought in at 50k... sold at 90 and definitely adding to the lot at the correction... getting to like this project...:-)