At Coin Inquire, we offer free price signal of Mercury (MER) and other cryptocurrencies. Today July 22 we are beginning a new series of free signals for top cryptocurrencies including Mercury (MER).
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).
- Bullish divergence, MACD & RSI .
Mercury can go even higher.
Looking at the chart above, we can see another 100% profits to be collected, from current prices, and even more in the long term.
If you decide to trade, make sure to have a plan before jumping in and always use a stop-loss.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.