MarcPMarkets

Bitcoin is still NOT in a trend relative to how we evaluate the bigger technical picture. This piece of information alone serves as an important guide when it comes to managing our recent swing trade long. The aim of this article is to provide insight into the best practices and mindset that has produced consistent results throughout the recent bearish and bullish...

Bitcoin has recently generated a new swing trade long signal which we are managing at the moment. This idea is the result of WAITING for particular criteria to line up which took almost 10 DAYS. I cannot describe all the details of what we look for to enter a trade, but I can share two key variables that carry a great deal of weight in our decision making. Again,...

Resistance zone prevents Bitcoin from pushing higher which is NOT unusual since this market is STILL IN A CORRECTIVE CONSOLIDATION. In fact, the 11650 low of the previous inside bar was taken out, generating a new sell signal. Both of our swing trade ideas reached their respective targets days ago, and all we maintain now is inventory from an average price in the...

Bitcoin is nearing our second target that we shared as part of our alternate swing trade idea almost a week ago. Why are we not calling for 20K or some other unrealistic target? Again it has everything to do with the proportions of the recent price structure. The goal of this analysis is to provide a sense of perspective and context as they relate to short term...

A high degree of randomness. That is the best description for the Bitcoin price action in recent days. The real question is can you see through it OR are you distracted further by things like small time frames and over reactive chartists continuously making unrealistic claims? Filtering out the noise has everything to do with arriving at YOUR OWN conclusions and...

When you look to invest into anything, what is the first thing you do? Right, research the fundamentals and news. When you look to trade a financial market, what is the first thing you do? Research the fundamentals, news and your favorite online expert opinions? Surely, the value of any asset must be governed by conventional logic, like "math and facts", right?...

Bitcoin continues to linger above 9K while the 9500 reversal zone boundary is still in play. As I constantly remind our followers, short term timing strategies like swing trading rely on probabilities. We measure these probabilities in the form of price patterns and levels. When price reaches a reversal zone, and does not take it out, there is a greater chance of...

Bitcoin is nearing the 9K resistance while the crowd is celebrating a little too early for a 10K target. The average retail sentiment went from predominantly bearish (everyone calling for 4500) to bullish (everyone is calling for 10K or higher) in just a couple of weeks. Are you new to investing in Bitcoin? Perhaps you got sucked in from all the nonsensical hype...

The shorts have been squeezed relentlessly since the 6K resistance, and with 9K within reach, it appears price is poised to correct. How low can it go? This article will attempt to answer that question in a proportional sense. The mistake not to make at such a level is to go into "hope" mode, especially after buying into this move based on a smaller time frame...

"Bitcoin is a short! It's going back to 3500!!! Go to Bitmex and leverage everything you own right now!". Sound familiar? If you have been on the internet since Bitcoin's first attempt to retrace off the 5400 high, it should sound very familiar. It is the general consensus among the herd. In fact I have seen this sentiment posted on my comment forums regularly....

Bitcoin update: After months of grind, the range resistance has finally been taken out in a spectacular short squeeze. Andrew described the signs that were leading up to this 1000 point move in 30 minutes in one of his recent articles about the coin float quietly being removed from this market. Coupled with a shrinking float, there are the participants who insist...

Bitcoin update: Since my recent report on here, this market continues to linger at the 4K resistance level. We have written a number of articles and posted numerous charts in our chatrooms, reiterating over and over as to why the best trade right now is no trade at all. It may be common sense to some, but many are still getting caught up in the noise, especially...

Bitcoin update: Even in the face of a bullish pin bar, it is still reasonable to say that this market is going no where fast. Candle stick formations are random and what gives them any analytical value is WHERE they appear. Since our swing trade exit at 4125, we have been PATIENTLY WAITING for a setup that offers attractive reward/risk. The typical trader craves...

Bitcoin update: Since the exit of our long swing trade two weeks ago, this market has not offered any worthwhile opportunities to get back in. So we have been doing what we do best: WAITING. Waiting is actually why our swing trade performance across multiple markets is in the green. Waiting is what pays in the long run and NOW Bitcoin is beginning to provide...

Bitcoin update: Our second target of 4120 was reached today locking in a 495 pt gain on the second half of a position of a swing trade idea that we shared with our followers on February 9th. Throughout the entire management period, we were very clear in our emails and chat room posts that we had no intention of exiting the trade early, as long as the market...

Litecoin update: I have to give credit to Andrew on this one because he has been calling this long in our chat room since it broke the 34 resistance. And now that Bitcoin has spiked higher (our first profit target at 3825 was reached), Litecoin appears to be on the move again. Andrew actually shared some valuable insight around the higher low and break of the...

Bitcoin update: Price continues to hold up and is now taking out the minor bearish trend line that has been in place over the previous week. It is nothing to get overly excited about, BUT it does add to the argument in terms of further strength. This entire space is not exciting enough to attract a constant flow of new money, so it needs surprise news or catalysts...

LTCUSD update: After a nice short squeeze, price is slowly drifting lower to where it may even attract a lot of bear talk. We are actually using this retrace as an opportunity to add more to our long term portfolio. Although the 41 area may still be a little high, we are specifically watching what kind of price action develops around the 40 level (psychological...