MeruEU

MeruEU Updated 

Hello Dear Friends, Do we have alt-season this summer? Or are cloudy days ahead... Those living in the moderate climatic zones know that after sun comes the rain.…. So.. the breakout, though on low volume, was retesting a major horizontal support, namely a monthly resistance. Looking at the general market-sentiment as well as the leader of the sector, MR....

MeruEU

Hi Friends! There is action guaranteed in the coming months. Will we witness one last move down to complete the correction? Or will Bitcoin reach for the moon just now. How may the future of Blockchain look like? Top or Flop? Lets sit together, have some coffee and have a discussion. All Bulls and Bears are invited to share thoughts - charts - and...

MeruEU Updated 

Hi Friends! 10.000 has proven to be a strong resistance - again! We have been printing LLs and LHs ever since the Upward Thrust around 10.300. Direction remains Short - until confirmed otherwise. First Target: 8.600. Second Target: 7.500. Third Target: 5.500. This is not financial advise. Please do your own due diligence.

MeruEU Updated 

Bearish progression due to market environment and news. Expected fall till 2400-2150. Comments, likes appreciated. -heish

MeruEU Updated 

Hi Friends, RVNUSD has made a fake-breakout to the upside, currently sitting on a strong support. However, a break below and retest of the zone would indicate a bearish progression. Be flexible and know your set-ups. I will consider investing if RVNUSD at levels around 1.2-0.8 cents , given market environment and fundamentals align Comments, likes are...

MeruEU

German index is looking weak. Watch horizontal lines. bearish: under 11200 next levels 9800 8200 -heish

MeruEU

continued fall to 76 with a potential downside of 61. Waiting for a low under triangle to open shorts. retest and bearish continuation of key level (dotted line) is an indication for a fall as well. -heish

MeruEU

Here are two possible paths Bitcoin could take. On the monthly chart we see a bearish Harami, usually forming at the end of an uptrend, indicating a possible reversal. However, the smaller the second candle the likelier the reversal. We have crossed the middle line and are retesting it on the 1D time-frame and are retesting it. A consolidation here would make...

MeruEU

Hi! BTCUSD formed a triangle, breaking below and retesting the edge of it nicely on the 2 hour time-frame. From there on it has reached the first targets where we have seen a period of profit taking at half way to the first target zone in the form of buy orders being executed. Since we have approached the first bigger scale target traders are likely to take...

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Hi! We have seen GRINBTC in a correctional stage for a few weeks, forming a 5-3-5 Zigzag correction, being now in the last wave of the correctional phase. Yesterday GRINBTC has bounced off the monthly resistance line just to give it away again quickly. This is an indication that the market wants to go lower and we might see a drop all the way down to form a...

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Hi! RVNBTC has approached the target as shown in my recent post. Now we see a bounce from the support line of the triangle on the monthly chart. Here we are aiming for the upper line of the triangle or the line combining the 0.5 of the height of the triangle and the area where the support and resistance zones are colliding. Patient traders will wait until the...

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BTCUSD has broken out of the triangle formation while retesting the middle line of it and is now sitting on the neckline of the inverted head and shoulders chartpattern in the vicinity of the 1.6 Level at around 12000. This level will be eyed as a very importent key level by many of the professional traders. They will expect a break above and a clear retest of it...

MeruEU

RVNBTC has broken below and retested the middle line of the triangle formation which has been formed since the low on 26th of June 2019. This is a clearcut bearish signal and raises the question where the targets are. We could be greedy and take the whole heights of the triangle, showing the target of 300 Sats. However, I have chosen conservative measurements...

MeruEU Updated 

Hello, ETHBTC has broken out of the yearly resistance and retested itc confirming the former resistance level as a new support zone. There is a possibility for ETHBTC to oscillate between the two major resistance zones before breaking out, giving traders an opportunity for swing trading. The first target would consist of the middle line between both...

MeruEU Updated 

Hi, In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally. Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market. Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the...

MeruEU

Hi, GRINBTC has made some interesting moves breaking the monthly trendline and pushing towards the 3.6 line of the extended first wave. Here it found its resistance and has broken the trendline to find a better support zone. This is showing the great interest this particular instrument has attracted. Three weeks until the first hard-fork of GRINBTC , we...

MeruEU

Hi, in the past months we have seen a significant move to the upside for BTCUSD . The recent correction found a valid support on the 50 % line of the monthly candle of may, followed by a fast run towards new yearly highs. What are the targets ? The 1.6, 2.6 and 3.6 of the first wave (I) . Can this wave extend until the 3.6 ? It surely can. If it will...

MeruEU

Hi, RVNBTC is now in a consolidation and will break out probably after finishing the fifth wave inside the consolidation. after completing the Bearish Bat Pattern , as shown in my recent post, we are now in the stage of profit-taking. This comes at a perfect point, the last half of the month of june, the numbers will be given out in two weeks from now on and...