Long
Daily ascending triangle on ARK/BTC.
ARK/BTC is currently within a daily ascending triangle pattern, and it has the 50 day moving average riding up alongside the rising line of support. Setup is looking pretty good overall, but the market is a bit jittery, so take that into consideration. Also, if anyone is feeling generous and would like to support me and my TA, I accept Bitcoin donations. Any donations are greatly appreciated as I am a full-time student in college and it would really go a long way in helping me out. My Bitcoin address is down below in the Signature box if you're interested! :)
Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.
Entry: 1540-1620 (Not ruling out another pull-back toward the rising line of support and the 50 day moving average.)
Target 1: 1750 (Top of the ascending triangle, and the flat level of resistance that has held the price down.)
Target 2: 1950 (Prior consolidation zone, which should now act as resistance.)
Target 3: 2250 (Estimated measured move of the ascending triangle break-out.)
Target 4: 2400 (Previous resistance zone.)
SL: 1490-1500 (Beware of flash crashes.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.
Entry: 1540-1620 (Not ruling out another pull-back toward the rising line of support and the 50 day moving average.)
Target 1: 1750 (Top of the ascending triangle, and the flat level of resistance that has held the price down.)
Target 2: 1950 (Prior consolidation zone, which should now act as resistance.)
Target 3: 2250 (Estimated measured move of the ascending triangle break-out.)
Target 4: 2400 (Previous resistance zone.)
SL: 1490-1500 (Beware of flash crashes.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Note
With fib levels: Note
Broke well past target 1 at 1750 (as it hit 1817 on a wick.) Looking good so far, I would like to see a daily close above 1750 if we can get it: Trade closed manually
Closing as it didn't break out like I had wanted it to. Might see a pull-back toward 1550ish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.