ARC Buy/Lonf Setup (1D)The ARC symbol, after completing a triangle and undergoing significant price and time correction, is approaching a strong and important origin.
It is expected that upon reaching the green zone, it will move toward the specified targets.
Since trading this symbol carries its own risks, make sure to practice proper risk management.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
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Arcanalysis
Volatility expected after clearance of the arcs containing BTC
BTC is trading within a very narrow range.
There may be reasons for the exceptionally low volatility, one of which might be provided by arc analysis.
As can be read from the chart, BTC has been contained in a crosspoint of the arcs.
By scrolling the above chart, it can be seen how well the arcs have served S & R.
Coming out of that area, BTC is expected to slowly recover its volatility, perhaps within a couple of days.
If the arcs are strong resistance, 18K or higher prices are less likely, esp. in HTF.
For the expected upside move, please look at my related idea below.
Another Decending Triangle?
This is the sequel of my related idea .
The arc resistances indicate the possibility that BTCUSDT might experience fractal formation after the breakout of the left descending triangle.
If another minor Descending Triangle is forming, BTC will still trade within the range for a while before the bearish continuation develops to its full scale.
BTC will go down by arc Analysisthe arcs show the possible mid high and low of BTC trend
price will go up until it reach the upper arc its 9370 point Q
in Q price will go down until it reach 9240 point B
in point B price have 3 choices :
1 break the down trends and go up until 9560 (10 % of likelihood)
2 full to mid arc on 8980 (60 % of likelihood)
3 go down until 9160 point C and fall on mid arc on 8780
you can get sell on top of 9300 and enjoy the fall