MarcPMarkets

MarcPMarkets Wizard

Bitcoin swing trade long signal in play from the 23,250 level. If bullish momentum follows through, a higher high can follow with a test of the 26 to 28K AREA over the coming week. This move has prompted me to call for a risk adjustment on the short trade that I shared privately from the 24,150 level. At this point, that trade is now RISK FREE if you adjust the...

66:56

MarcPMarkets Wizard

Bitcoin weekly forecast, support/resistance and price action analysis. Question about a stock or market? Just ask in the chat.

MarcPMarkets Wizard

Bitcoin resistance is asserting itself around the 25K level as ANTICIPATED. IF the current candle produces a bearish pin around the 25K location, and compromises the pin bar low (24,200 AREA), this will confirm a sell signal for an aggressive swing trade short. Is it wise to short a generally strong market? Here are some points to consider. 1. The recent move...

66:10

MarcPMarkets Wizard

Bitcoin price action analysis, support/resistance and potential scenarios for the coming week. Question about a stock or alt? Just ask in the chat.

MarcPMarkets Wizard

The sell setup that I pointed out a week ago has followed through (are you still waiting for 50K?). At this time, a swing trade buy signal is in play from the 21,850 level. This is the upper boundary of my anticipated support area for potential swing trade setups. Is this worth taking? 1. While I am all for long ideas, I am suspect of this single candle reversal...

68:52

MarcPMarkets Wizard

Bitcoin price action analysis , support/resistance levels and potential scenarios for the coming week. Question about a stock or alt coin? Just ask in the chat.

MarcPMarkets Wizard

Are you still waiting for 50K? While this kind of forecast is completely unrealistic and out of range, it is ESPECIALLY so in light of the new SELL SIGNAL that has appeared off of the 24K resistance following Friday's NFP outcome. As I wrote in my previous analysis, when 5 waves can be clearly counted, the move has likely run out of steam. While this is still a...

74:39

MarcPMarkets Wizard

Bitcoin support/resistance and potential scenarios for the coming week. Question about a stock or alt? Just ask in the chat.

MarcPMarkets Wizard

After some brief consolidation, a new buy signal has appeared off of the 23K level, but what is NOT obvious to the herd is the low probability. From the SWING TRADE perspective, this would NOT be a buy signal to capitalize on. There are two factors that emphasize this: level and wave count. 1. Level refers to support/resistance. At this time, Bitcoin is above the...

70:13

MarcPMarkets Wizard

Bitcoin adjusted support/resistance levels , price action analysis and potential setups to watch for this week. Question about a stock or alt? Just ask in the chat.

MarcPMarkets Wizard

Bitcoin clears two relevant resistance levels within a week's time. Noteworthy for sure, but no reason to get overly excited. Whenever moves like this occur, those who look to prey on the ignorant start proliferating fairy tales. Stop following frauds who hide behind fake names to avoid accountability. My goal here is to shed some light on reality so that you may...

MarcPMarkets Wizard

Before you go all in on the "Bitcoin is going to 50K" typical retail herd mentality hype, consider an objective (and more professional) perspective of this recent Bitcoin rally. Before you put money at risk in this game, it is very important to consider the source of the information you consume. Here are some important technical considerations for the coming...

75:46

MarcPMarkets Wizard

Bitcoin price action analysis, potential scenarios for the coming week. Have a question about a stock or alt? Just ask in the chat.

MarcPMarkets Wizard

Bitcoin continues its lack of progress gyrating around the 17K range mid point now for another week. Even after the NFP outcome which moved other major markets, Bitcoin continues to be uneventful. If best suggestion I can offer in this situation is do NOT force trades. There is always going to be nonsense forecasts, and unreasonable article or video titles to...

MarcPMarkets Wizard

A bear market combined with holiday trade is NOT a good recipe for trade ideas. High probability opportunities, particularly on the swing trade time frame require a catalyst, along with decent order flow. As you can see, over the previous two weeks, there was NO follow through. I have enough experience to recognize this environment and I warned my followers...

MarcPMarkets Wizard

While my swing trade short idea in Bitcoin has not reached its break even stop since I suggested the adjustment, I have suggested that people in the position close it at market (16,850 area at the time). While the profit (approx +755) was not able to justify the risk, it is better to mitigate risk rather than hope for big wins in this environment. In other words,...

69:32

MarcPMarkets Wizard

Bitcoin support/resistance levels, potential setups for the coming week. Question about a stock or alt? Just ask in the chat.

MarcPMarkets Wizard

As per the swing trade plan that I described in my previous article, I shared the swing trade short idea from the 17,595 level after the FOMC outcome on Wednesday. If current momentum continues the profit target can be reached this week. (I'm not sharing specifics here). Those that are in it, nice job, those who are not, now is NOT the time to be chasing this. I...