Morpheus_RED

Morpheus_RED

IDEA

Morpheus_RED

IDEA

Morpheus_RED

Happy trading and remember; "There's a difference between knowing the path and walking the path" - Morpheus_RED

Morpheus_RED

targets: 1) 8240$ 2) 8399$

Morpheus_RED

Happy trading and remember: There's a difference between knowing the path and walking the path - Morpheus_RED

Morpheus_RED

Hello everyone, Let me start off by saying this: This chart is by no means a reflection of future price action. Instead, it is meant as a comparison between Bitcoin's current and past cycles. My primary goal is to show that things are very different this time around (surprise). Bitcoin's five-month, 320% rally was anything but a good thing. It forced the...

Morpheus_RED

Hello Everyone, I'll let the chart speak for itself on this one. Feel free to share any questions or remarks in the comment section. Happy trading and remember; There's a difference between knowing the path and walking the path - Morpheus_RED

Morpheus_RED

Hello everyone, Bitcoin has really been quiet these past few days ranging only by about 4%. For myself, I can say that I feel something is brewing, like the silence before the storm. During moments like these, when doubt and uncertainty are present, I try to read as many ideas on Bitcoin as I can. To see what other traders are thinking and what the overall...

Morpheus_RED

Hello there *Ewan Mcgregor voice*, In my previous post, I discussed the hurdles Bitcoin will be facing in the near future. If we want to see momentum turn back in favor of the bulls, these hurdles must be overcome or Bitcoin will face a long and cold winter. So let's zoom out and look at what we're up against. The most important is to break the trend lines...

Morpheus_RED

Hello everyone, The last week has been quite uneventful for Bitcoin and indeed the sector as a whole. For that reason, I've been trading stocks for the most part. Especially the energy sector which has seen a comeback of volatility and with it some good trading opportunities. But I do check in on Bitcoin every day looking for patterns or possible trade set-ups...

Morpheus_RED Updated 

Verge just broke out of the down-trending resistance and is looking bullish. What we want is to see confirmation of the trend change with a higher low forming. If we come back down to 50sats, that's a red flag. Scale in zone is active between 50-56 sats. Stop-loss is set at 47 sats Targets: 62 sats 68 sats We use indicators as confirmation and...

Morpheus_RED Updated 

Bitcoin is signaling strength on the RSI during this consolidation. We might see a big volume spike in the near future. We will have to wait and see if this move will have any follow-through past the resistance zone or if the bot and short-sellers push the price back down. A short term target/profit can be made. Resistance will be found at the fib level...

Morpheus_RED Updated 

Sharing my Bitcoin chart and the levels I'm watching. Have a good Sunday - Morpheus_RED

Morpheus_RED Updated 

In my previous post, I mentioned how Verge might "pull a VET" in the coming days. It's currently forming a bull flag. I'm looking to enter a possible break-out. My game plan: -keep the position small -buy-stop at 63 satoshi -sell at 80 satoshi happy trading and remember; "there's a difference between knowing the path and walking the path" -Morpheus_RED

Morpheus_RED

VERGE had a huge spike in Volume today. If we look at what happened with Vechain we can suggest that something similar can happen here. Both of these coins have had huge rallies in the past. But while others have seen some significant moves these two have stayed dormant...until now. This coin can easily grow in volume in the coming days and see some serious...

Morpheus_RED

CHAINLINK has been one of the lead bulls in the Altcoin market this year. My feeling is this is just the beginning and we may see some big moves in the future. When looking at the chart we see a clear resistance zone formed during the highs of June this year. If we break it this might signal a strong continuous rally. After setting a triple top I'm currently...

Morpheus_RED Updated 

I'm sharing this trade with you guys. My first target was hit and took a good bit of profit. I'm now looking to reinvest those profit on 4H consolidation. Feel free to enter a position at these levels. If you chose to do so, a possible stop-loss can be placed @ 152. Risk = 4.04% Reward= 14.95% target 2 27.06% target 3 This is high risk so don't...

Morpheus_RED

NEO had a huge run lately and is looking bullish on the shorter time frames. keep in mind that the higher timeframes are looking overextended so this trade has higher risk. Much of this trade will also depend on bitcoin's next move. Exponential moving averages have been acting as support on all timeframes. *30m - 100EMA *1H - 50EMA *2H - 26EMA *4H - 12EMA *DAILY...