ARK Long-Mid Term

BITTREX:ARKBTC   Ark / Bitcoin
ARK is fulfilling Elliot Waves.

Theory suggest Wave C (correction wave) can be even more largest than Wave A. ¿Why I think this is the end of Wave C? Because we can see an accumulation at the bottom of Wave C with a range of 27%, for almost two months; this can be extended and prices can fluctuate on this range for a few days/weeks more before a bull season, that according to Fibonacci Extension , target could hit 61.8% and form a new Wave 1 and give us a juicy 200% - 300% profit.

The tiny green box show us the accumulation, finding resistance at 0.000124 and support at 0.0000911. The probability that we can see a capitulation at this point is high and healthy for markets, as we are expecting to see Bitcoin under $5800.

We know what to do in an accumulation, our bags can be partially filled from now on.

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