It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly.
To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest.
ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction on ARK is particularly dramatic, and that's the reason why after gains like these you should sell!
BTW, I'm talking too much. The point here is that ARK has proven to be a solid coin, remaining strong also when BTC was crashing. So, get ready to jump on the boat, as once the correction will be completed, there'll be another fancy ride.
So, given I have a capital of 100 I want to put into ARK, I'd go like this:
25 @ .618 fib retracement (54k sats)
25 @ 47k sats resistance (if reached)
50 at reversal signals (price & RSI downtrend breakout, MACD crossover)
Buy the f*ckin dip!!!
To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest.
ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction on ARK is particularly dramatic, and that's the reason why after gains like these you should sell!
BTW, I'm talking too much. The point here is that ARK has proven to be a solid coin, remaining strong also when BTC was crashing. So, get ready to jump on the boat, as once the correction will be completed, there'll be another fancy ride.
So, given I have a capital of 100 I want to put into ARK, I'd go like this:
25 @ .618 fib retracement (54k sats)
25 @ 47k sats resistance (if reached)
50 at reversal signals (price & RSI downtrend breakout, MACD crossover)
Buy the f*ckin dip!!!