MarcPMarkets

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...

Here is an alt coin that is not as popular as some of the other cheap ones, but the chart is very clear and compelling. A chart is a chart, no matter how irrational or ridiculous the fundamentals may be. Compared to alts at similar prices like XRP and IOT, SAN is exhibiting greater relative strength and bullish structure. A retrace to the .39 and/or .28 support...

This chart shows the support levels that we are waiting for in order to sell more put options in our cannabis portfolio (green boxes). The evaluation goes beyond just reaching a support level because it also involves analyzing how price reacts when it gets there. For example: IF a bullish pin bar develops at one of these specific supports, then we have a good...

Bitcoin update: The lack of activity continues and when it will stop NO ONE knows. There is a series of lower highs and lower lows on the more immediate time frames but this condition hardly qualifies as a worthwhile trend. Especially since the current price is basically in between the two range extremes: 4100 high and 3K low. Until it takes out one of these...

Bitcoin update: Besides the minor sell off during the beginning of the month, this market has been one big non event. Gyrating between the 3700 resistance and the 3450 support, short term opportunities have become very infrequent. In tight consolidations such as these, there are really only 2 scenarios to choose from: buy into the fake out at support, or WAIT for...

Bitcoin update: Price has taken out the recent bullish trend line which points to a higher likelihood of retesting the 3450 area minor support. From a broader perspective, all this market is doing is establishing another consolidation which is a normal part of the bottoming process. As we always remind our followers, tops and bottoms take time to develop. The...

Bitcoin update: Price is beginning its first real test to prove if the recent rally is truly the beginning of a broader recovery, or not. The chart formation that is still developing can be the sign of the bottom that everyone has been waiting for, but it still has a ways to go in terms of proof. On the other hand, if price clears the newly projected support...

BTCUSD update: Recent price action has printed the beginnings of a significant change for this market. The appearance of the descending wedge followed by a sharp price spike is a sign that the underlying selling pressure that took this market below 6K is now losing its grip. This formation viewed in light of recent highs in short interest and a close proximity to...

The Nasdaq may look ugly, BUT pay more attention to where it is on the road map. IF a reversal materializes at the current level, it can establish a double bottom. If it pushes lower into the mid 153's, it will be within a high probability reversal zone. What does all this mean? It is high risk to be short at current levels. We are looking for relatively strong...

New Age Beverage is one of our favorite cannabis plays. Great fundamentals along with a stream of supportive news in this sector has helped drive price toward its next major resistance level between 7.35 and 8.50 Our plan is simple: carefully sell put options into pullbacks with the intent to take delivery. Once this market starts pushing into the 8's, we will...

BTCUSD update: With the short term bearish trend line still intact, this market is poised to test lower prices. The next major support area is 3K and until the weakness is absorbed, it is within reason to go even lower. While we maintain our inventory, we continue to avoid any new trades. Momentum continues until evidence appears that proves otherwise. That is...

BTCUSD update: Since the dovish FOMC meeting, this market has gone from a low of 3446 to a high of 4415. Which serves as just another example of how sentiment drives price on the short term. Although a 12% move off the low is encouraging, this market has not demonstrated any real change in the momentum on the bigger picture. Yet. The bearish trend line that has...

BTCUSD update: Price breaks 4K which is in line with recently developed structure. Since the 4800 break, we have been staying away from this market as far as any new positions. We have rules and a plan which we are not going to deviate from in reaction to recent price movement. The 4800 area was a major support level that we had been writing about for months....