themerkle

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Last visit Joined 2 years ago San Francisco, CA @themerklenews themerkle.com
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BTCUSD 100% | 5
themerkle themerkle PRO BTCUSD, D, Short , 11 months ago
BTCUSD: Upcoming death cross signals potential bear market
230 0 1
BTCUSD, D Short
Upcoming death cross signals potential bear market
Looking at the 100 and 200 day MA we can see that if Bitcoin's price doesn't keep rising that a bear market is imminent because the 100 and 200MA will form a deathcross. However, if the bulls loose keep their momentum then the way is clear for further price rise. While a Golden Cross is a well known technical ...
themerkle themerkle PRO BTCUSD, 60, Long , a year ago
BTCUSD: Triple bottom suggests trend reversal for BTCUSD
69 0 0
BTCUSD, 60 Long
Triple bottom suggests trend reversal for BTCUSD
Looking at the 2 week chart we can see a clear formation of a triple bottom. Such a pattern is used to predict the reversal of a prolonged downtrend. This whole month has been full of volatility so we may see more movement soon. I am remaining positive that we may see upward movement soon. Read more: ...
themerkle themerkle PRO BTCUSD, D, Short , a year ago
BTCUSD: Negative media attention signals bearish trend. Short to $300
142 1 3
BTCUSD, D Short
Negative media attention signals bearish trend. Short to $300
As the media starts rolling articles about how bitcoin is about to get banned staying in a long position just goes against all odds. Once the news passes and the market stabilizes the healthy growth phase of bitcoin will continue. However, we are currently at a major roadblock not only with the negative light ...
themerkle themerkle PRO BTCUSD, D, Long , a year ago
BTCUSD: Fib retracement shows potenial for bull run. Big players waiting
130 0 1
BTCUSD, D Long
Fib retracement shows potenial for bull run. Big players waiting
Using a low of $198 and a high of $502 fib retracement shows possibility of retesting $430. Big players are on the sidelines watching, big buy orders have disappeared but the bullish trend remained, as always proceed with caution. Yesterday I posted how the mania is over and the market is looking to stabilize, ...
themerkle themerkle PRO BTCUSD, D, a year ago
BTCUSD: Mania is over, looking to stabilize.
100 0 3
BTCUSD, D
Mania is over, looking to stabilize.
Now that the mania to the $500 bull run is over the market is looking at finding equilibrium in the new active zone. Resistance is at $400 and support is $350. We will test support once again or break through $400 and look for support there. Because of the decrease of long on finex looks like the traders are ...
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