Currently ARK is dipping through the trendline that it has established over the past 7 months. Much like in the previous two legs, it's retraced down to the .786 Fibonacci line around the same time that it's touching this trendline. In the past, from the lowest point before the beginning of a new leg, it has taken between 1 to 3 weeks to establish a new ATH. Should it follow this pattern and if today is the low point, we may see a new ARKBTC ATH as soon as Nov 7th. Additionally, each ATH has seen about twice the gain over the previous ATH as the previous ATH had over the previous-previous ATH. Should this pattern hold, we could see ARKBTC as high as .0023 at the next ATH (which even I have trouble believing).
Credit to @VentureCoinist on Twitter for spotting the setup.
ARKBTC is seeing major price movement now. The BTCUSD bull run has pushed ARKBTC's price lower than expected, but I take this speedy recovery as a sign that the trend is being respected. With some luck we will see another ARK all time high in the next few weeks.
PhillipPt
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nice, buying some ark in case you are correct
PatriceB
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I like how you roll. Good observation spotting this pattern.