MoeB_712
Long

ARKBTC - December is going to be an interesting month

BITTREX:ARKBTC   Ark / Bitcoin
December is going to be an interesting month in the fact that the price is about to hit a major trend line (blue). Just looking at the history we can see that when the price rides along the trend line , the MACD levels off at around 0. And that is what it looks like we might see here. I'm looking for the price to ride along the trend line again and then another pump. How high the pump will be and if it'll reach new ATHs, who knows, but let's hope the pattern will continue.

Timeframe will be early to mid December.
Comment: Watch for it to ride that blue support line with a lot of buy walls right at those price points.
Comment: Also, fyi ARK Mobile Wallet 98% complete!

Comments

I was sure about your analysis, now I am a bit shaked up afer BTC rally :) What are your thoughts now?
Reply
MoeB_712 enjotel
@enjotel, Still holds. My mistake I think was creating the trend line curved rather than straight :)
https://imgur.com/ilKjNAL
Reply
enjotel MoeB_712
@MoeB_712, thank you. I'd be always happy about updates.
Reply
MoeB_712 enjotel
@enjotel, added another post with additional analysis and what to look for.
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