MarcPMarkets

71:34

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

Price structure on the short term is bearish while the broader price structure continues to be bullish. Sound confusing? Traders who fixate on smaller time frames are often blind to the probabilities and potential that is present on larger time frames. This is what usually leads to many to getting caught on the wrong side, and in this case, the wrong side is...

69:48

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

Bitcoin continues in its consolidation to no where. Key support is between 29,500 and 28,000. Key resistance 31k. As far as swing trades go, there is NOTHING to do here except WAIT for a relevant test and confirmation within the key support area (see blue rectangle). Maybe that test presents itself this week, maybe not. Most importantly, do NOT waste your time and...

66:31

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

Bitcoin price action continues to linger at the 31K resistance. The appearance of a bearish outside like candle does not bolster the bullish argument. The key to effectively navigating these situations is to keep expectations small or simply stay out until new information presents itself. When I say keep expectations small, this is best achieved by evaluating...

70:47

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

Bitcoin has been in tight range between the 29.5K support and 31K resistance for about a week. This can be a confusing area for some, especially those who think this is the "top". In this analysis I am going to lay out a couple of points to consider. Again this game is about interpreting and adjusting to new information as the market provides it, NOT to get stuck...

MarcPMarkets Wizard

Bitcoin swing trade support is between 28 and 29.5K. If you are looking for a bullish continuation pattern, that is the higher probability location to look (see horizontal lines forming zone on chart). The 31K AREA is the resistance which has been highlighted on my chart for WEEKS (see blue rectangle). It is clear price is hesitating here, and may be tempting to...

63:06

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

Bitcoin has rallied a little further than many expected. The next high probability support zone for swing trade longs is 28,300 to 29,500 (see blue rectangle on chart). If current momentum stays intact, it is also possible that Bitcoin doesn't offer an ideal retrace, and pushes through the 31K resistance. The next major resistance is the 33K area. If you are...

74:14

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

Bitcoin finds support off the 25K support area as I have been writing about for weeks. On Thursday I sent a note to my members pointing out the inside bar development. As a result some of them took the swing trade long (almost 1K points in profit). The take profit area continues to be in the 28K resistance area (R:R should be around 1.5:1). There was absolutely no...

76:00

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

If Bitcoin breaks the 25K support AREA over the coming week, it will point to an important structural change that can increase the probability of a 22K to 20K support test in the near future. That is a BIG IF. The idea here is to gain a sense of probability from both sides of the market, rather than forming an "opinion" like so many "experts". This mindset will...

62:58

MarcPMarkets Wizard

Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.

MarcPMarkets Wizard

Bitcoin is now fluctuating in a highly random location. This means signals that appear in this range (see long blue rectangle on chart) are likely to have a 50% chance of follow through in a way that you "think". My suggestion is to avoid swing trades in this area and only consider setups on smaller time frames (day trades). This way you keep expectations low,...

MarcPMarkets Wizard

Bitcoin has generated a new buy signal off the double bottom and bullish pin bar reversal that confirmed between Thursday and Friday. The entry would have been 26,650. I missed this confirmation and had not shared the idea, but some students have bought into this. For a swing trade, a reasonable stop loss would be 25,450 and take profit 28,450. Buying this at...