{"id":10694,"date":"2022-03-07T15:13:00","date_gmt":"2022-03-07T20:13:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=10694"},"modified":"2022-04-27T01:39:20","modified_gmt":"2022-04-27T05:39:20","slug":"crypto-signals-03-07-22","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/","title":{"rendered":"Morpheus Crypto Report &#8211; Bitcoin in &#8220;No Man&#8217;s Land&#8221;"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-1024x650.png\" alt=\"BTC chart\" class=\"wp-image-10400\" width=\"717\" height=\"455\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-1024x650.png 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-300x190.png 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-110x70.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-768x487.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-1536x975.png 1536w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#Morpheus_Crypto_Report_%E2%80%93_March_7_2022\" >Morpheus Crypto Report &#8211; March 7, 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#Crypto_Portfolio\" >Crypto Portfolio<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#tracks_and_updates_all_crypto_signals_sent_to_members\" >(tracks and updates all crypto signals sent to members)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#New_crypto_signals_sent_to_members_since_the_previous_week_are_in_yellow_above\" >New crypto signals sent to members since the previous week are in yellow above.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#Bitcoin_follows_through_from_bullish_reversal_candle_but_fails_to_hold_up\" >Bitcoin follows through from bullish reversal candle, but fails to hold up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#Short-term_support_and_resistance_levels\" >Short-term support and resistance levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#Altcoin_watchlist\" >Altcoin watchlist<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#Morpheus_Crypto_Portfolio_Eking_out_profits_in_a_volatile_indecisive_market\" >Morpheus Crypto Portfolio: Eking out profits in a volatile, indecisive market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-03-07-22\/#The_Battle_Plan\" >The Battle Plan<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Morpheus_Crypto_Report_%E2%80%93_March_7_2022\"><\/span>Morpheus Crypto Report &#8211; March 7, 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Below is the full, archived version of <em><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto Report<\/a><\/em> that was sent to subscribers on March 7, 2022.<\/p>\n\n\n\n<p>If you enjoy what you see, please <strong><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">join us<\/a><\/strong> as a Morpheus member to receive real-time access to your live crypto trader room, crypto trading analysis, crypto signals, and crypto portfolio. <\/p>\n\n\n\n<p>Please drop us any questions or comments at the bottom of the post&#8211;<em>we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"crypto-portfolio\"><span class=\"ez-toc-section\" id=\"Crypto_Portfolio\"><\/span>Crypto Portfolio<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"watchlist-closed-positions-open-positions\"><span class=\"ez-toc-section\" id=\"tracks_and_updates_all_crypto_signals_sent_to_members\"><\/span>(tracks and updates all crypto signals sent to members)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-1024x366.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-1024x366.png\" alt=\"logo\" class=\"wp-image-10394\" width=\"717\" height=\"256\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-1024x366.png 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-300x107.png 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-110x39.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-768x275.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-1536x549.png 1536w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/port030422-1-2048x733.png 2048w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/a><figcaption><em>Press image to view full-size<\/em><\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_crypto_signals_sent_to_members_since_the_previous_week_are_in_yellow_above\"><\/span><em>New crypto signals sent to members since the previous week are in yellow above.<\/em><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"bitcoin-breaks-below-50-day-ma-shifting-back-to-short-term-sell-signal\"><span class=\"ez-toc-section\" id=\"Bitcoin_follows_through_from_bullish_reversal_candle_but_fails_to_hold_up\"><\/span>Bitcoin follows through from bullish reversal candle, but fails to hold up<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the <a href=\"https:\/\/new.morpheustrading.com\/blog\/crypto-signals-02-28-22\" target=\"_blank\" rel=\"noreferrer noopener\">February 28 issue<\/a> of <em><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto Report<\/a><\/em>, we discussed the bullish reversal patterns that formed in Bitcoin ($BTC), Ethereum ($ETH), and most altcoins on February 24th.<\/p>\n\n\n\n<p>After a few days of tight, sideways consolidation, Bitcoin&#8217;s bullish reversal pattern initially <em>did<\/em> follow through to the upside.<\/p>\n\n\n\n<p>On February 28, $BTC zoomed back above its 10, 20, and 50-day moving averages&#8211;all of which had converged as resistance in the 40,000 to 40,500 area.<\/p>\n\n\n\n<p>The initial Bitcoin follow-through rally from on the bullish reversal pattern was impressive, but also<em> short-lived.<\/em><\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>That&#8217;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).<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>With $BTC giving investors and traders a roller coaster ride last week,, let&#8217;s take an updated look at the basic technical picture of the $BTC daily chart: <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-1024x650.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-1024x650.png\" alt=\"BTC chart\" class=\"wp-image-10400\" width=\"717\" height=\"455\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-1024x650.png 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-300x190.png 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-110x70.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-768x487.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/43400-06-BTCUSDT-Binance-Spot-1536x975.png 1536w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p>As labeled above, the current pullback <em>could<\/em> end up becoming the second higher low on the daily chart since the January low around 33,000&#8211;but too early to confirm.<\/p>\n\n\n\n<p>Regardless, Bitcoin does not yet have an accompanying higher high because last week&#8217;s rally attempts stalled at resistance of the February highs.<\/p>\n\n\n\n<p>This is why we say $BTC (and most of the crypto market right now) is currently in &#8220;no man&#8217;s land&#8221;&#8211;at least for a swing trading timeframe.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Short-term_support_and_resistance_levels\"><\/span>Short-term support and resistance levels<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the short-term, it is positive that $BTC managed to hold near the high of its February 24th bullish reversal candle (the prior range of consolidation before the Feb. 28 breakout):<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/39-114-90-\uff5c-BTCUSDT-Binance-Spot-1024x655.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/39-114-90-\uff5c-BTCUSDT-Binance-Spot-1024x655.png\" alt=\"BTC 4-hour charat\" class=\"wp-image-10402\" width=\"717\" height=\"455\" title=\"\"><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p>Although we expected a <em>slight<\/em> pullback after $BTC tested resistance at the 45-46k level, the King of Crypto actually retraced all the way back down to the low of its big green candle from Feb. 28<\/p>\n\n\n\n<p>If $BTC attempts to rally again this week, convergence of the 10, 20, and 50-day moving averages is once again an important short-term resistance area to pay attention to (40k to 40.5k area).<\/p>\n\n\n\n<p>Furthermore, <em>additional overhead supply has been created<\/em> from the people who bought last week&#8217;s breakout above these moving averages and did not sell when it failed to hold up.<\/p>\n\n\n\n<p>As such, the next Bitcoin rally attempt (whenever that may be) will need to overcome more resistance than before, which requires the power of higher volume.<\/p>\n\n\n\n<p>Specifically, $BTC now has a potential double-top formation at the 45-46k range because it was unable to form a higher high to match the Feb.24 higher low.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Altcoin_watchlist\"><\/span>Altcoin watchlist<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When Bitcoin first started pulling back from the 45-46k resistance last week, we initially were tracking several altcoins with relative strength for potential buy entry on the pullback.<\/p>\n\n\n\n<p>However, those plays lost their relative strength when $BTC retraced its entire move back down to the prior consolidation.<\/p>\n\n\n\n<p>After scanning hundreds of altcoin charts, we only came across a couple chart patterns that could be considered short-term bullish.<\/p>\n\n\n\n<p>Both $LUNA and $ANC are finally pulling back alongside of $BTC, <em>but<\/em> both are still in solid uptrends on their daily charts<\/p>\n\n\n\n<p>We have been discussing $ANC extensively in the Swing Trader Room over the past week, as we were patiently waiting for a pullback:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/4-397-\uff5c-ANCUSDT-Binance-Spot-1024x634.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/03\/4-397-\uff5c-ANCUSDT-Binance-Spot-1024x634.png\" alt=\"$ANC chart\" class=\"wp-image-10404\" width=\"634\" height=\"444\" title=\"\"><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p>We are not yet making $LUNA or $ANC &#8220;official&#8221; buy setups on the Watchlist, but are internally monitoring both for potential buy entry (will send alert if we enter).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Morpheus_Crypto_Portfolio_Eking_out_profits_in_a_volatile_indecisive_market\"><\/span>Morpheus Crypto Portfolio: Eking out profits in a volatile, indecisive market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Our cautious, proactive trade management <strong>enabled the Morpheus Crypto portfolio to register another week of gains-<\/strong>&#8211;<em>despite high volatility and a failed market rally attempt.<\/em><\/p>\n\n\n\n<p><strong>Four of the six portfolio trades we closed this week were winners.<\/strong><\/p>\n\n\n\n<p>We locked in a<strong> gain of +13% <\/strong>by selling HALF of our $BTC position into strength as it neared major resistance of the 45-46k area. We are still holding the remaining position with a tightened stop to reduce risk. The $BTC trade will still be profitable, even f the second half of the position hits the stop.<\/p>\n\n\n\n<p>We also scored an average net <strong>gain of +10%<\/strong> on $ATOM by selling half into strength on March 3, and the remainder on the first bounce after $ATOM lost support. We also secured small gains in $AVAX and $HNT.<\/p>\n\n\n\n<p>$SOL and $NEAR both hit their original stops and resulted in losses, although we reduced the $SOL less by selling half of the position near break-even when it bounced on March 5.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Battle_Plan\"><\/span>The Battle Plan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once again, we are back to the point where <strong>odds are not highly positive for entering new swing trades right now<\/strong>&#8212; either on long or short side of the market.<\/p>\n\n\n\n<p>As the war in Ukraine drags on, ongoing speculation about the ultimate outcome of the crisis may continue to result in choppy, indecisive market conditions from day to day&#8211;just as we have seen since the Feb. 24 bullish reversal.<\/p>\n\n\n\n<p>As such, we are now dealing with a <strong>news-driven trading environment that can make crypto even more volatile<\/strong> than it normally is.<\/p>\n\n\n\n<p>Nevertheless, it&#8217;s <strong>crucial to NOT make trading decisions based purely on news events<\/strong> because the market rarely reacts to news in the &#8220;logical&#8221; way that market participants expect.<\/p>\n\n\n\n<p>For example, when news of the Russian war broke on February 24th, both the crypto and stock markets sold off sharply as a knee-jerk reaction to the news. However, both crypto and stocks swiftly reversed to score large gains that day.<\/p>\n\n\n\n<p>In this case, the negative news did <em>not<\/em> result in a bearish price reaction for more than a few hours.<\/p>\n\n\n\n<p>Likewise, what is often perceived as &#8220;good&#8221; news frequently leads to negative price reactions.<\/p>\n\n\n\n<p>This being the case, what&#8217;s a trader to do?<\/p>\n\n\n\n<p><em>Simply never let news events DIRECTLY determine your trading decisions.<\/em><\/p>\n\n\n\n<p>Rather, always <em><strong>trade what you see, not what you think!<\/strong><\/em><\/p>\n\n\n\n<p>This simple mantra helps keep you maintain the correct trading mindset every time, without letting your worst enemy&#8211;<em>YOURSELF<\/em>&#8212; undermine your efforts.<\/p>\n\n\n\n<p>There are currently no new trade setups on the watchlist, but we will send a trade alert with details if any low-risk trade setups come across our radar.<\/p>\n\n\n\n<p>However, given the current environment, we are content to wait and see from the sidelines, at least until the market shows its hand for the next short-term move.<\/p>\n\n\n\n<p>We know it&#8217;s no fun to trade a choppy market, but we&#8217;re in this together.<\/p>\n\n\n\n<p>As always, we will continue to provide our no-nonsense objective analysis to help you navigate through the noise.<\/p>\n\n\n\n<p>When the dust eventually settles and conditions improve, we will also be here to provide you with our typical, big swing trading ideas&#8211;but when the time is right. <\/p>\n\n\n\n<p>In the meantime, we must take what the market gives us and not force trades just for the action. <\/p>\n\n\n\n<p><strong>Capital preservation mode should be your dominant focus right now.<\/strong><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">SIGN UP NOW<\/a><\/strong> to start receiving your winning Morpheus crypto trade signals, including a crypto portfolio<\/em> you can easily follow<em>.<strong> <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto PRO<\/a><\/strong> includes <strong>live crypto trader room<\/strong> for daily, real-time trade ideas and powerful crypto trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p><!-- wp:paragraph --><\/p>\n<p>The initial Bitcoin follow-through rally from on the bullish reversal pattern was impressive, but also<em> short-lived.<\/em><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>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.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>That&#8217;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).<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>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.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n","protected":false},"author":1,"featured_media":10400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[780],"tags":[],"class_list":["post-10694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-swing-trading"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/10694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=10694"}],"version-history":[{"count":3,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/10694\/revisions"}],"predecessor-version":[{"id":12316,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/10694\/revisions\/12316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/10400"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=10694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=10694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=10694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}