Below is a past issue of Morpheus Market Minutes, your free daily market analysis and top picks for swing trading stocks and crypto.
Overall, the crypto market still seeing correlation to the stock market.
However, we have returned to seeing slight bulllish divergence in crypto vs. stocks.
Yesterday, the Nasdaq 100 ($QQQ) was down about 5%, but Bitcoin ($BTC) and most of the crypto market held up relatively well.
$BTC snapped back above the short-term pivot level around 29,400 (prior support of the third higher low on the 4-hour chart).
Today, we saw broad-based bullish momentum even with the Nasdaq 100 slighty lower today.
$BTC is back above the 30,000 level.
$KNC continues to show high rel. strength after rallying above the high of its 4-day consolidation pattern today.
It looks like we may see some ideal, lower-risk pullback buy entries by tomorrow.
As always, we will alert Morpheus Crypto members of our exact buy trigger and stop price on the top crypto swing trade setups.
Start your Morpheus Crypto membership to receive trade alerts with our exact entry and stop prices, portfolio access, and complete market analysis. Morpheus Crypto PRO also provides you with access to your live Crypto Trader Chat. If you enjoy this free service, please share with a friend.
You know your trading rules. You've written them down. You even follow them in practice. Then the market opens, and…
Most traders would have sold Micron ($MU) at +20%. Some would have panic-sold when it pulled back to the 8-day…
Crude oil dropped sharply after the Iran ceasefire was announced, and most traders were glued to the headlines trying to…
Three weeks before this post, we moved to 100% cash right before the NASDAQ dropped 8.5%. Most traders either tried…
As Bitcoin breaks through critical resistance levels, seasoned traders are eyeing both opportunities and warning signs in today's volatile crypto…
While most investors are running for the exits, savvy traders are quietly building watchlists of stocks showing remarkable resilience. These…