RE: Long road ahead2 Feb 2021 13:25
MG, reiterating my comments from the other day. 'Don't be surprised if ARB suddenly rockets 50% when BTC breaks the down channel.' We broke the channel the following day and the SP hit 101.4p on OTC which was 49% up from when I commented.
The BTC coin chart has consolidated further and looks extremely bullish whilst ARB is now sat at a higher level and only needs to move 16% to hit 100p. As BTC drifts higher don't be surprised if we seen another sudden move. This could happen at literally any moment, so in essence 100p is always only minutes away. Once BTC looks like its going to threaten $42K, which I expect some time in Feb, expect ARB to suddenly accelerate toward recent highs around 145p and if it that breaks 200p will not be far behind. ARB will not be doing this in isolation. Other crypto miners, stocks and currencies will be following suit.