[ARKBTC](595% PP) Ark Long Term Trade
[10-Feb.] +122% profits generated. Raise stop loss above the buy-in level.
This trade is now in profits. Namaste.
Ark (ARK) Overview
ARK provides users, developers, and startups with innovative blockchain technologies. We aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.
Ark (ARKBTC) Chart Analysis
Let’s go straight to the charts and we start with the weekly:
- For ARKBTC, a low point was hit on the week of the 19th November, which is marked on the chart with a red vertical dotted line.
- You can notice the high volume bar (green bar behind) and the Doji reversal candlestick.
- After this low was hit, ARKBTC has been creating higher lows and is now trading above EMA10.
- The RSI hit oversold back in mid August 2018 and has been trending up since.
- The MACD is also trending up.
- Let’s take a closer look…
- Here we have an interesting view, we can see a passive break above MA200 (black line), this can lead to a strong move up.
- So we will position ourselves in anticipation of what is about to come.
- Remember this is a PREMIUM long term trade, so it can take days, weeks and even months for this trade to fully develop. So patience is key.
- Note: The long term is for all targets or higher targets. The first few targets of all my trades can easily be hit within days or weeks after publishing if the trade goes our way.
- If the trade goes the other way, we close at stop loss and move on.
Ark (ARKBTC) Trade Instructions by Alan Masters
Buy in: 0.0001020 – 0.0001180
Next support: 0.0000840 – 0.0000920
(1) 0.000128 -Reached 8-Feb. (+16.3%)
(2) 0.000140 -Reached 8-Feb. (+27.2%)
(3) 0.000160 -Reached 10-Feb. (+45%)
(4) 0.000180 -Reached 10-Feb. (+63%)
(5) 0.000209 -Reached 10-Feb. (+90%)
(6) 0.000245 -Reached 10-Feb. (+122%)
Stop loss: Close weekly below 0.0000750.
Capital allocation: <10%.
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