{"id":12486,"date":"2022-05-17T16:40:00","date_gmt":"2022-05-17T20:40:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=12486"},"modified":"2023-01-27T11:41:24","modified_gmt":"2023-01-27T16:41:24","slug":"mmm-crypto-05-17-22","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/mmm-crypto-05-17-22\/","title":{"rendered":"[crypto] Market Minutes &#8211; +17% Gain in $MANA"},"content":{"rendered":"\n<p>Below is a past issue of <em><a href=\"https:\/\/4966a6ff.sibforms.com\/serve\/MUIEADK82b8TMyFqTxWMxoOresxe5KKgeYdQbAXrw8CMCqKgCSZR1H4hKCFkWIjN69d7pTSIg9YVEWE97dfeWpP4cmxMb5J268rFVOaUPbCifmmR2nB2U_C4p08hYLxBwP9U5FMLWVKWAL8-xiBtNjX2O8x43ksv45N0RObCZDoTzEgEHmLPCK2e5oXi63MmsGU-sowrNJfP_wN-\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Market Minutes<\/a><\/em>, your free daily market analysis and top picks for swing trading stocks and crypto.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">May 17, 2022<\/h3>\n\n\n\n<p>Bitcoin ($BTC) continued its consolidation pattern of the past four days, after bouncing off major support of its June 2021 lows last week.<\/p>\n\n\n\n<p>Earlier today, we sold HALF of our $MANA position in the <em>Morpheus Crypto<\/em> portfolio for a solid&nbsp;<em>gain of +17%<\/em>&nbsp;since our May 13 buy entry.<\/p>\n\n\n\n<p>We also alerted members that we were selling the $ETH position we bought on a pullback for a small gain of approx. +3%&#8211;we did not like the price action.<\/p>\n\n\n\n<p>Performance in the altcoin market is slowly improving, but our biggest concern remains the lack of increasing volume to confirm the few breakout attempts we have seen.<\/p>\n\n\n\n<p>Today, we also alerted members that we were entering a new position in Ethereum Name Service ($ENS) due to its relative strength with volume and former leadership.<\/p>\n\n\n\n<p><iframe loading=\"lazy\" width=\"580\" height=\"680\" src=\"https:\/\/4966a6ff.sibforms.com\/serve\/MUIFAOyl4S5Qdajs7q3LemJKudDbMHB24p2SAorKuWWuauy3e1eFPtLgTh5BoPCh3XzIz3rZE_YyIqvc9IEl_xMkRg3MTlG0Zn5eqY3J2eKMjOE-jPuS43ZXewKssUaGt1kllR56wV2u1lBXoYfKSzEgeeTjLyjdSao87VmqsbDtgcy4jNwHMSzf0Rl346rIoBjtZwf-DX0V6tbn\" frameborder=\"0\" scrolling=\"auto\" allowfullscreen style=\"display: block;margin-left: auto;margin-right: auto;max-width: 100%;\"><\/iframe><\/p>\n\n\n\n<p>The $ENS swing trade is already +5% since entry, and we will look to take profits into strength with a short-term time horizon (until overall market conditions improve).<\/p>\n\n\n\n<p>Other than $ENS, we are not yet seeing much standout relative strength in the market.<\/p>\n\n\n\n<p>However, $KNC, $CVX, and $TXA are on our radar for potential buy entry if we can get a low-risk entry point in the portfolio.<\/p>\n\n\n\n<p><em>Start your&nbsp;<a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto<\/a> membership to receive trade alerts with our exact entry and stop prices, portfolio access, and complete market analysis.&nbsp;Morpheus Crypto PRO&nbsp;also provides you with access to your live Crypto Trader Chat. I<strong>f you enjoy this free service, please share with a friend.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier today, we sold HALF of our $MANA position in the Morpheus Crypto portfolio for a solid\u00a0gain of +17%\u00a0since our May 13 buy entry.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[790],"tags":[],"class_list":["post-12486","post","type-post","status-publish","format-standard","hentry","category-morpheus-market-minutes-crypto"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12486","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=12486"}],"version-history":[{"count":3,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12486\/revisions"}],"predecessor-version":[{"id":15792,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12486\/revisions\/15792"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=12486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=12486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=12486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}