MichaelvandePoppe

ARKBTC 30 December 2017

BITTREX:ARKBTC   Ark / Bitcoin
$ARK Small breakouts, RSI still positive, MACD as well and on the 1H about to cross, which indicates good things. Also, the ascending triangle is still in play. A few scenario's:

Scenario 1: We'll test the resistance around leg D and will fall back to leg E. In that case we'll wait until the first days of January to move out.

Scenario 2: We're already done with Leg D and are now in Leg E. For that we'll break out and will go to the next target, which is between 65-69K Sats             .

Scenario 3: Can't hold Support line, in that case we'll fall back to the first fibonacci level and we'll go sideways. Fib level is 48K sats             in that case.
The blue box = stop/loss zone. Green Box for support we've moved up.
First target: 55K
Second target: 65K-69K
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