The chart at the present time is neutral, meaning that no breakout signals are going out but, there are many “bullish” signals…
For example, the bullish divergence with the RSI and MACD. There is no breakout signal but this divergence tells us that there will be a bounce or a reversal is coming.
The entire altcoins market is going bullish and breaking above multiple resistances… Pairs that are fully correlated with the whole market can be expected to move just like others are moving…
Trade: Ark ( ARKBTC )
BUY: 0.00002000 – 0.00002200
NEXT SUPPORT: 0.00001900
PROFITS POTENTIAL: 233%
(Buy calculated at 0.00002190)
STOP: Close weekly below 0.00001800.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.