Hey guys, haven't been active here in a while.
Just wanted to post my chart for a short term long setup on ARK/BTC.
https://preview.ibb.co/nGaKBR/Capture.png
If you see the chart posted (Sorry my pictures do not inline with the forum) you can see we've moved to a more bullish view. Starting to make lower lows, and should continue this way. Looks like we're on a small retrace now on the 4H chart, coming down to immediate support at 0.000479xx. Highlighted are other rejections of that area. This is also the 38.2% of the most recent swing. This is our target to enter long.
We're targeting the immediate resistance for the long take-profit area at/around 0.000599xx, with a bit of room to move as highlighted in the chart.
Hope this can earn some people some quick bucks!
*Edit*: Just to be clear, I trade stricly from a technical standpoint, and do not trade based off of fundamentals. This is just a raw chart analysis for a short term play. Thanks.
Topic: A Short Term Analysis On ARK/BTC (Read 212 times)
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