MarcPMarkets

42:47

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Bitcoin is exhibiting signs of exhaustion around the 35K resistance area. A failed high can potentially develop here which can lead to a retest of the 32K support AREA over the coming week. This activity should not be too surprising since it appears to be motivated by rumors rather than reality. People love throwing around opinions and pointing to explanations...

40:28

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Bitcoin has generated a new swing trade long signal on the daily time frame upon the break of the 26,250 candle high (couple of days ago). This is a momentum continuation pattern and it can lead to a test of the next resistance area around 37K over the coming week. This context is ideal for day trades or swing trades only, these are far fro ideal levels for new...

38:04

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Bitcoin short squeeze continues to the 30K resistance. In terms of momentum this move is significant and should shape smaller time frame strategies, BUT the bigger picture is another story. New resistance is the 31K AREA, new support is 27.5 to 28.5 AREA. Based on the new developments in price structure, I suspect a potential test of 31K BUT I believe a break is...

43:20

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Bitcoin has chosen the scenario that I outlined in my previous analysis. The evaluation was based on the 28.5K resistance area that has yet to be compromised. IF momentum stays intact over the coming week, a test of the 25K support area is within reason. On that note, there are two inside candles in place with an established low of 26,500. A break of this low...

35:17

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Tough price action for both longs and shorts in Bitcoin. Drawing perspective from the bigger picture can help to assign probabilities to a narrower range of outcomes. This is not an attempt to forecast the market with an absolute certainty, instead it is a way to prepare for a variety of scenarios that Bitcoin may choose at any moment. First let's consider the...

41:14

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Bitcoin continues to respect the 27,500 area resistance. IF this continues, it suggests that a more bearish scenario is likely to unfold over the next week or two (see drawing on chart). Based on recent price structure, price can potentially test the 25K support area yet again. What I described here is context. Add to that the recent lows on bond prices, and it...

43:29

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Litecoin is poised to test the low 60's over the coming week. My trade scanner has called a signal to go short from 64.90 with a stop at 66.25 and take profit at 62.90 approximately. This was shared yesterday around 6:30 PM EDT. These signals are private but I am sharing it here so that as a community we can evaluate the context and observe the outcome. Having a...

45:02

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Bitcoin has spiked back into the high 26K resistance. While this is a minor resistance, price can go EITHER way from here. So how to navigate the risk around this highly random situation? The first decision you must make is: are you conservative or aggressive? This will shape how you interpret the price action that COMES NEXT. Having a rules based system helps...

43:24

MarcPMarkets Wizard

Bitcoin price action analysis, and bot signal review.

MarcPMarkets Wizard

Lower highs often lead to lower lows. If 25K is cleared on Bitcoin, 22K becomes the next relevant support area. Situations like this can be very confusing, but in this article I will explain the mental framework I utilize to effectively shape expectations and manage risk when facing technical conflicts. First we must ALWAYS accept the fact that markets are MOSTLY...