Looking like ARK is forming a gnarly bear flag right now, however, it hasn't stopped ARK from gaining before.
Three possible situations:
Orange arrow if this bear flag is invalidated as it is a fib support. Unlikely in my opinion.
First small red arrow, this is more of a likely situation. Year-span trendline support at the first small green "buy" zone.
If bitcoin tanks to 6,000USD which i'm doubting it will, the large red arrow is possible. Near 100% retrace and strong support from last cycle. No brainer buy at the second large green rectangle.
THIS IS NOT FINANCIAL ADVICE STRICTLY A HOBBY OF MINE.
Three possible situations:
Orange arrow if this bear flag is invalidated as it is a fib support. Unlikely in my opinion.
First small red arrow, this is more of a likely situation. Year-span trendline support at the first small green "buy" zone.
If bitcoin tanks to 6,000USD which i'm doubting it will, the large red arrow is possible. Near 100% retrace and strong support from last cycle. No brainer buy at the second large green rectangle.
THIS IS NOT FINANCIAL ADVICE STRICTLY A HOBBY OF MINE.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.