ARK/BTC looks like it is close to finishing the accumulation phase.
Right now it is struggling at resistance (red box), due to overall weakness in the market.
I think we will have to wait for some relieve in BTC, in order to push through, see the signs of strength (SOS) and complete Phase D of this schematic.
I am expecting this to happen over the next 1-2 month.
Once we break resistance (red box) and retest it (successfully), I am looking for long positions.
Let me know what you think!
I am always happy to discuss my ideas :)
Right now it is struggling at resistance (red box), due to overall weakness in the market.
I think we will have to wait for some relieve in BTC, in order to push through, see the signs of strength (SOS) and complete Phase D of this schematic.
I am expecting this to happen over the next 1-2 month.
Once we break resistance (red box) and retest it (successfully), I am looking for long positions.
Let me know what you think!
I am always happy to discuss my ideas :)
