Bitcoin ($BTC) has been in a tug-of-war between the bulls and bears for weeks, but may soon break away from its recent trading range. Here are key support and resistance levels that could signal the direction of Bitcoin’s next move if broken. After weeks of trading in a choppy, sideways range, Bitcoin ($BTC) has become […]
The initial Bitcoin follow-through rally from on the bullish reversal pattern was impressive, but also short-lived.
In our previous report, we mentioned the February highs as a major resistance level to watch if $BTC reclaimed its moving averages above the 40,500 level.
That’s how it played out, as $BTC stalled and reversed sharply lower after testing major resistance at the 45,000 to 46,000 area (resistance of the February highs).
In anticipation of a $BTC pullback after testing its February highs, we sent alerts to lock in profits on partial share size of several portfolio trades into strength of that rally.
We entered a few new positions in the portfolio after the Feb. 24 bullish reversal bar.
Open positions holding up well and we will continue to monitor for locking in profits into strength and tightening stops where needed.
Note on the Watchlist two new setups: $API3 buy stop and $SOL buy stop (add to existing position).
After weeks of heavy selling, the Nasdaq has formed a bullish reversal pattern. Will the rally attempt have legs? Continue reading to discover four simple, reliable signals to know when the market may be forming a significant bottom. In the February 24 issue of The Wagner Daily that we sent to members on Wednesday evening, […]
FREE LIVE WEBINARFeb. 26, 2022 @ 1:00 PM ET Discover how to successfully navigate a weak stock market In this free live webinar, you will learn: A simple method to reduce your risk in a weak market–while still focusing on trading profitsFind out how to tweak your existing trading strategy to keep risk to a […]
Tired of losing money buying stocks in a weak market? Here’s a simple strategy to start profiting from swing trading the short side of the market. Editor’s Note: We have just fixed the mobile view of this blog, which now looks equally great on desktop and mobile. As trend traders, the top rule of our […]
As Morpheus Trading Group celebrates its 20-year anniversary this year, founder Deron Wagner sat down for an exclusive interview on the Roman Anton podcast show. Deron Wagner, founder of Morpheus Trading Group and best-selling author, recently conducted an interview on the Roman Anton podcast. In this brand new podcast, Roman and Deron discuss Deron’s evolution–from […]
The short-term pullback in Bitcoin has created lower-risk pullback entries into two hot NFT Gaming/Metaverse cryptos. Here’s how to play these top crypto swing trade setups… In our recent February 8 video, we showed you potential buy entry points if you missed the current short-term rally in Bitcoin ($BTC). Today, $BTC pulled back to new […]
After an ugly stock market correction, beaten-down stocks in sharp downtrends can offer profitable opportunities for short-term traders. Here’s a simple method for knowing when to buy with relatively low-risk. When overall market conditions are strong, we focus on trading explosive growth stocks that are within 20% of their 52-week highs and with massive quarterly […]
If you missed the Bitcoin rally off the recent lows, our new video shows you lower-risk entry points to buy $BTC on a pullback now. Check it out! After several months of trending lower, Bitcoin ($BTC) found a bottom near the 33,000 level on January 24. Two days later, we published a big picture” Bitcoin […]