ARK, Adding to the Bag

10 maj 2018

Daily
Looking at our highest timeframe we see price has double topped inside our major resistance @ 40000 satoshis. Price has since been retracing towards our major support zone 30000, minor daily support 32500. Stochastic RSI showing momentum has bottomed out.


4Hour
Shifting over to our pattern timeframe we see price has reached out minor support zone 34000 satoshis. A 4hour close above 37000 activates our trade. Otherwise we are waiting for a retracement towards 32500. Stochastic RSI showing momentum has bottomed out, and bearish are slowing retracing.


Hourly
Finally looking over at our trigger timeframe we see price has formed a double bottom above 34000 an hourly close above 35300 activates our trade. Stochastic RSI showing momentum is bullish, although bulls are temporalily on pause.

Conclusion:
Buy: After break and close above 37000 on the 4hour / Bounce off 32500