Are you ready to dive into the world of crypto swing trading and unlock the secrets behind precise entries and strategic moves? Join Deron Wagner, the seasoned founder of Morpheus Trading Group, in this exclusive video where the MTG tribe reveals how they nailed new swing trade entries into BTC and ETH moments before the explosive surge.
BTC Breakout Analysis: Decoding the 5-Week Consolidation
Witness the MTG tribe’s prowess in deciphering Bitcoin’s recent breakout from a 5-week consolidation base. Deron dissects the trade setup and explores the key technical signals that provided the green light to buy. Learn about the impressive journey from a consolidation phase to an exciting new 52-week high. Discover resistance levels for potential profit-taking and stay tuned until the end for insights into a potential secondary buy point.
Understanding Crypto Market Cycles: BTC Dominance Index and Altcoins
For those new to crypto trading, Deron sheds light on understanding crypto market cycles. Gain insights into how Bitcoin often leads new bull charges, and when it takes a rest, funds flow into Ethereum and larger-cap altcoins. Deron shares the MTG tribe’s experience since 2013, emphasizing the importance of recognizing these historical cycles for successful trading.
Analyzing BTC Dominance Index: A Confirming Indicator
Delve into the Bitcoin Dominance Index (BTC.D) as a tool for timing your trades. Deron explains how this index indicates the percentage of total crypto market cap flowing into Bitcoin. Witness how an analysis of the BTC.D complemented the actual trade setup, providing a confirming indicator for the MTG tribe’s swing trade into Bitcoin.
Ethereum’s Weekly Chart Pattern: A Technical Masterpiece
Explore the MTG tribe’s decision to buy Ethereum alongside Bitcoin. Deron breaks down Ethereum’s weekly chart pattern, showcasing a breakout above major horizontal resistance. Understand the significance of prior resistance turning into new support, and learn how the MTG tribe identified a relatively low-risk buy point for Ethereum.
Secondary Buy Point for Bitcoin: Seizing Opportunities
Missed the initial BTC buy point? Fear not! Deron reveals a potential secondary buy point for Bitcoin based on strategic analysis. Learn how prior resistance levels become new support, providing opportunities for traders to enter with reduced risk. Deron guides you through the 4-hour chart, offering insights into where to consider buying on a pullback.
Remember, knowledge is power in the trading world, and we’re here to arm you with it. Don’t be left in the dark; check out the video now.
The Path Forward: Profit Targets, Trailing Stops, and More
Discover the MTG tribe’s approach to profit targets, trailing stops, and navigating potential resistance levels. Deron provides a comprehensive overview of the path forward, sharing valuable insights to help traders maximize gains and manage risks effectively.
Join the MTG Crypto Tribe: Your Gateway to Top Trade Alerts
As a parting note, Deron invites you to join the MTG Crypto Tribe for top trade alerts with exact entries and exits of the best crypto swing trade setups. Head to MorpheusTrading.com and click on “crypto picks” to embark on your journey to successful crypto swing trading.
Remember, trade what you see, not what you think.
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Stay tuned for the next video, and may your crypto trading journey be filled with profitable moments.
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