{"id":12492,"date":"2022-04-25T15:54:00","date_gmt":"2022-04-25T19:54:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=12492"},"modified":"2022-05-21T13:44:48","modified_gmt":"2022-05-21T17:44:48","slug":"crypto-signals-04-25-22","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-25-22\/","title":{"rendered":"Morpheus Crypto Report &#8211; $GMT Breakout: +54% Gain Locked in 3 Days"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-718x470.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"718\" height=\"470\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-718x470.png\" alt=\"$BTC daily\" class=\"wp-image-12274\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-718x470.png 718w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-110x72.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-768x503.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-1536x1006.png 1536w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/a><\/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-04-25-22\/#Morpheus_Crypto_Report_%E2%80%93_April_25_2022\" >Morpheus Crypto Report &#8211; April 25, 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-04-25-22\/#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-04-25-22\/#tracks_and_updates_all_crypto_signals_sent_to_members\" >(tracks and updates all crypto signals sent to members)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-25-22\/#Bullish_Bitcoin_reversal_at_key_support_level\" >Bullish Bitcoin reversal at key support level<\/a><\/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-04-25-22\/#%E2%80%9CHit_and_Run%E2%80%9D_swing_trading_yields_another_week_of_solid_gains\" >&#8220;Hit and Run&#8221; swing trading yields another week of solid gains<\/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-04-25-22\/#Watchlist\" >Watchlist<\/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_April_25_2022\"><\/span>Morpheus Crypto Report &#8211; April 25, 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 April 18, 2022.<\/p>\n\n\n\n<p>If you enjoy what you see, simply <strong><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">subscribe<\/a><\/strong> 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\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/Morpheus-Crypto-PRO-Model-Portfolio-tracking-Google-Sheets-718x247.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"718\" height=\"247\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/Morpheus-Crypto-PRO-Model-Portfolio-tracking-Google-Sheets-718x247.png\" alt=\"Portfolio\" class=\"wp-image-12272\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/Morpheus-Crypto-PRO-Model-Portfolio-tracking-Google-Sheets-718x247.png 718w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/Morpheus-Crypto-PRO-Model-Portfolio-tracking-Google-Sheets-110x38.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/Morpheus-Crypto-PRO-Model-Portfolio-tracking-Google-Sheets-768x264.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/Morpheus-Crypto-PRO-Model-Portfolio-tracking-Google-Sheets-1536x528.png 1536w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/Morpheus-Crypto-PRO-Model-Portfolio-tracking-Google-Sheets-2048x703.png 2048w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/a><figcaption><em>Press to view full-size<\/em><\/figcaption><\/figure>\n\n\n\n<p id=\"model-portfolio-notes\"><strong>New crypto signals sent to members since the previous week are in yellow above.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bullish_Bitcoin_reversal_at_key_support_level\"><\/span>Bullish Bitcoin reversal at key support level<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In our <a href=\"https:\/\/new.morpheustrading.com\/blog\/crypto-signals-04-18-22\/\" target=\"_blank\" rel=\"noreferrer noopener\">previous report,<\/a> we showed you that Bitcoin ($BTC) formed a bullish reversal candle after undercutting support and rallying back above &#8220;psychological resistance&#8221; at the 40,000 level on April 18.<\/p>\n\n\n\n<p>That bullish reversal day triggered a new, short-term buy signal, and prompted us to buy $BTC in the <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Morpheus Crypto<\/em><\/a> portfolio that day.<\/p>\n\n\n\n<p>However, we also warned that $BTC could still pullback after rallying into key resistance of its 50-day moving average around 42,100&#8211;<em>and that&#8217;s exactly what happened<\/em>!<\/p>\n\n\n\n<p>$BTC initially blasted through its 50-day MA on April 21, but failed to hold the breakout for more than a few hours before selling pressure caused the price to slide lower.<\/p>\n\n\n\n<p>The failed breakout attempt at the 50-day MA attracted further selling, which weighed heavily on Bitcoin and most altcoins for four more days.<\/p>\n\n\n\n<p>Bearish price action began intensifying on April 25, initially causing $BTC to plunge below the low of its April 18 reversal day.<\/p>\n\n\n\n<p>However, the bulls stepped in, reversed the bearish momentum, and pushed Bitcoin back above that pivotal 40,000 level again.<\/p>\n\n\n\n<p>As such, $BTC formed another bullish reversal day on April 25; exactly one week after the formation of the previous one.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-718x470.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"718\" height=\"470\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-718x470.png\" alt=\"$BTC daily\" class=\"wp-image-12274\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-718x470.png 718w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-110x72.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-768x503.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/40-163-45-\uff5c-BTCUSDT-Binance-Spot-1536x1006.png 1536w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/a><figcaption><em>Press to view full size<\/em><\/figcaption><\/figure>\n\n\n\n<p>The April 25 reversal day, confirmed by higher volume, technically shifts the short-term balance of power back to the bulls.<\/p>\n\n\n\n<p>Nevertheless, a lot of overhead supply has been created in the wake of the recent sell-off sparked by the bearish reversal at the 50-day MA.<\/p>\n\n\n\n<p>It&#8217;s also notable that Bitcoin continues loosely moving in sync with the US stock market&#8211;and that&#8217;s not good considering the current technical state of US stocks.<\/p>\n\n\n\n<p>It&#8217;s unlikely the $BTC reversal bar would have formed on April 25 if the Nasdaq would have failed to bounce that day.<\/p>\n\n\n\n<p>Furthermore, <strong>the April 25 bullish reversal day may be unable to follow through<\/strong> <em>IF<\/em> recent, heavy selling pressure in the Nasdaq remains in the coming days.<\/p>\n\n\n\n<p>As such, <strong>we remain quite cautious regarding new potential trade entries<\/strong> at this time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%9CHit_and_Run%E2%80%9D_swing_trading_yields_another_week_of_solid_gains\"><\/span>&#8220;Hit and Run&#8221; swing trading yields another week of solid gains<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With Bitcoin showing choppy, indecisive price action near pivotal support and resistance levels lately, we have been focused on <strong>shorter time frames for most of our trade entries.<\/strong><\/p>\n\n\n\n<p>In a strong bull market, we would aim for massive gains by letting the profits run with the uptrend.<\/p>\n\n\n\n<p>However,<strong> trying to squeeze too much alpha from a trade in the current environment can easily lead to a winning trade turning into a loser.<\/strong><\/p>\n\n\n\n<p>Our &#8220;hit and run&#8221; trading time frame paid off last week, as we promptly locked in sizeable winning trades before $BTC fell apart on the failed test of the 50-day MA.<\/p>\n\n\n\n<p>For the week, your<em><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\"> <strong>Morpheus Crypto<\/strong><\/a><\/em> <strong>Portfolio locked in a net portfolio gain of +3.7%<\/strong>.<\/p>\n\n\n\n<p>STEPN ($GMT), which initially entered our watchlist entry three weeks ago, was our biggest winner last week.<\/p>\n\n\n\n<p>We bagged a sweet price <strong>gain of +54% through holding $GMT for just 3 days!<\/strong><\/p>\n\n\n\n<p>The original buy setup is shown below, along with our actual portfolio entry and exit prices we alerted you to:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-39900-\uff5c-GMTUSDT-Binance-Spot-718x457.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"718\" height=\"457\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-39900-\uff5c-GMTUSDT-Binance-Spot-718x457.png\" alt=\"$GMT\" class=\"wp-image-12276\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-39900-\uff5c-GMTUSDT-Binance-Spot-718x457.png 718w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-39900-\uff5c-GMTUSDT-Binance-Spot-110x70.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-39900-\uff5c-GMTUSDT-Binance-Spot-768x489.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-39900-\uff5c-GMTUSDT-Binance-Spot-1536x977.png 1536w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/a><figcaption><em>Press to view full-size<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watchlist\"><\/span>Watchlist<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Because of mixed signals and recent indecision in $BTC, <strong>our overall short-term market bias is currently neutral to <em>slightly<\/em> bullish.<\/strong><\/p>\n\n\n\n<p>As such, <strong>we are satisfied that the Morpheus Crypto Portfolio is currently 100% cash; <\/strong>it gives us the ability to easily &#8220;stick and move&#8221; as necessary.<\/p>\n\n\n\n<p>Nevertheless, we continue scanning hundreds of charts to look for the best crypto swing trade setups if\/when market conditions improve.<\/p>\n\n\n\n<p>Below are the symbols of a few altcoins with high relative strength that we are stalking for <em>potential<\/em> buy entry (as long as Bitcoin holds up):<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>$KNC &#8211;<\/strong> Massive relative strength and steady uptrend on daily chart. Looking for low-risk pullback entry.<\/li><li><strong>$DOGE<\/strong> <strong>&#8211; <\/strong>Although we still do not like the fundamentals of $DOGE, it has broken out on massive volume due to news of Elon Musk buying Twitter (!!). Big volume doesn&#8217;t lie. Watching for potential pullback to its 10-day MA.<\/li><li><strong>$NEAR &#8211; <\/strong>Strong fundamentals and high relative strength, with a recent pullback to the 50-day MA.<\/li><li><strong>$MTRG &#8211; <\/strong>High relative strength and steady daily uptrend. Looking for a pullback entry.<\/li><li><strong>$MTX &#8211;<\/strong> Big volume breakout on daily chart. Pulled back and now entering consolidation.<\/li><li><strong>$HBB &#8211; <\/strong><em>Massive<\/em> volume and breakout two weeks ago. Now on a pullback. Looking for low-risk entry.<\/li><\/ul>\n\n\n\n<p>As always, we will promptly send you a trade alert with details if\/when we enter any of these trades in your Morpheus Crypto portfolio this week.<\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">SIGN UP NOW<\/a><\/strong> to start receiving your winning Morpheus crypto trade signals, including a crypto portfolio<\/em> <em>you can easily follow.<strong> <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto PRO<\/a><\/strong> includes <strong>live crypto trader room<\/strong> for daily, real-time trade ideas and powerful crypto trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STEPN ($GMT), which initially entered our watchlist entry three weeks ago, was our biggest winner last week.<\/p>\n<p>We bagged a sweet price gain of +54% through holding $GMT for just 3 days! <\/p>\n<p>The original buy setup is shown below, along with our actual portfolio entry and exit prices.<\/p>\n","protected":false},"author":1,"featured_media":12494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[780],"tags":[],"class_list":["post-12492","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\/12492","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=12492"}],"version-history":[{"count":3,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12492\/revisions"}],"predecessor-version":[{"id":12502,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12492\/revisions\/12502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12494"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=12492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=12492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=12492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}