Mercury (MERBTC) broke its downtrend with massive force printing its biggest volume bar since December 2017...
We are looking at the chart for Mercury (MERBTC) on Bittrex and we spot the following signals:
Massive volume breakout as mentioned above.
Downtrend was broken.
Trading above EMA50 (daily candle needs to close for confirmation).
Although many trades could be taken based on the underlying math of ‘The Calculator’, my own (conservative) trading rules say that it’s NOT about the quantity of trades. It’s about the QUALITY of the trade. I call it ‘predictable probability’.
If you find this analysis of any value or merit, please provide a COMMENT and/or a THUMBS UP. Thanks in advance for your...
MERBTC got magic cross. Fast Moving Average crossed Slow Moving Average on daily chart
Sign of uptrend movement
Market is returning upwards. Almost all coins have C&H patterns.
1. 5,000 - 50% gain from current positions
2. 6,700 - 100%
3. 8,000 - 140%
Remember the Silent Planet? I promissed to repost, and here we are!
Under 2650 was a good reentry i gess. I will wait breakout in 3000 to buy a bit more.
No music for this one, because its just a repost of the last Mercury idea... Don't cry, fellas!
TP1 - 3240
TP2 - 3450
TP3 - 3680
TP4 - 3940
TP5 - 4200
Fibbos 23.6 (3685) and 38.2 (4830) are very...
Buying Mercury with an overall uptrend. Yes it bounces around but on the zoom out views it looks pretty solid.
Probably a 2 week hold to reach at least first two targets:
Buy it on Bittrex.
MERBTC have Good uptrend support line.
Level 05265 good resistance, as we can see on chart, price breakout from it, and now testing it as a support.
Entry now, or under 05265 level
I expect 3 targets for this trade:
Target 1: 06270
Target 2: 07511
Target 3: 11138