MarcPMarkets

PRO
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About me Former Director Futures & Forex Trading at SMB Capital, one of the few trading desks in the world that offers a world class education. Also previous Chartered Market Technician (CMT), a professional designation from the Market Technicians Association.
Joined USA MarcPMarkets
Markets Allocation
47 % cryptocurrency 29 % forex 18 % stocks 5 % other
Top Mentioned Symbols
ETHUSD 39% | 15 EURUSD 21% | 8 AAPL 5% | 2 GBPUSD 5% | 2
MarcPMarkets MarcPMarkets PRO ETHUSD, 240, Long ,
ETHUSD: ETHUSD Perspective And Levels: Triangle Continuation Pattern.
153 5 10
ETHUSD, 240 Long
ETHUSD Perspective And Levels: Triangle Continuation Pattern.

ETHUSD Update: This market is consolidating within a triangle that is part of a bullish context. Typically these formations serve as trend continuation patterns and a subsequent upside breakout will signal the beginning of the next swing up toward the 250 to 280 resistance zone. When I write "bullish context" I am referring to the fact that this market ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 60, Long ,
ETHUSD: ETHUSD Perspective And Levels: Higher Low Appears. New Supports.
1365 8 21
ETHUSD, 60 Long
ETHUSD Perspective And Levels: Higher Low Appears. New Supports.

ETHUSD Update: Higher low reversal is established and upswing continues into minor resistance area. New structure on the hourly chart indicates further strength and offers attractive areas to buy. Yesterday between 5 and 7 PM EST (UTC -4) price failed to make a new minor low at the 187 area and reversed. A new upswing emerged and at 3 AM, and presented a higher ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 240, Long ,
ETHUSD: ETHUSD Perspective And Levels: 241 Break Signals Buying.
2434 11 29
ETHUSD, 240 Long
ETHUSD Perspective And Levels: 241 Break Signals Buying.

ETHUSD Update: 241 Pivot resistance taken out in one day. This price action tells me that real buying has returned and that the possibility of trending back up into the 300s or higher has returned. The 241 Level is the .382 of the recent bear swing. Even though price has retraced off this resistance, the fact that it was still compromised signals that the ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 240,
ETHUSD: ETHUSD: Perspective And Levels: Bearish Bounce Resistance Level.
1419 9 17
ETHUSD, 240
ETHUSD: Perspective And Levels: Bearish Bounce Resistance Level.

ETHUSD Update: The dramatic retrace off of 136 is not a healthy buying signal. This 4 hour chart provides an idea of where new minor support and resistance is based on this recent price action. When I write "healthy" buying, I am referring to the kind of buying that leads to a bullish trend. Since the 160 low was taken out, the major trend is more neutral than ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 1440,
ETHUSD: ETHUSD Perspective And Levels: Large Scale Wave 2 ?
1445 4 18
ETHUSD, 1440
ETHUSD Perspective And Levels: Large Scale Wave 2 ?

ETHUSD Update: Dramatic price movement always calls for evaluation of the big picture. The 136 low is dramatic and causing a great deal of discomfort (if you read the ETH forums on Reddit). Again I have to say this market is not as bearish as it feels. This is a zoomed out chart of this market since is pre 10 dollar levels. Looking at this from an Elliot Wave ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 60,
ETHUSD: ETHUSD Levels And Perspective: 160 Major Trend Support.
816 8 11
ETHUSD, 60
ETHUSD Levels And Perspective: 160 Major Trend Support.

ETHUSD Update: Yes it looks ugly, but it still has not broken the 160 major trend support. Bearish momentum is persistent and has taken this market back into the 160s. In light of the bigger picture, the bullish trend is still intact and 160 is the .382 of that trend. If price trades below 160 for more than a few hourly bars, I will adjust my major trend ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 60,
ETHUSD: ETHUSD Levels And Perspective: Consolidation Into Support Zone.
994 16 12
ETHUSD, 60
ETHUSD Levels And Perspective: Consolidation Into Support Zone.

ETHUSD Update: 207 resistance that I reported yesterday clearly held and selling momentum ensued. Bears are still in control for the moment. And with the additional price structure in place, there is more information to consider. Overall, this market is consolidating which is noted by the converging trend lines. No surprise since there is a ton of uncertainty ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 60, Long ,
ETHUSD: ETHUSD Levels And Perspective: Minor Reversal Zone.
899 2 19
ETHUSD, 60 Long
ETHUSD Levels And Perspective: Minor Reversal Zone.

ETHUSD Update: Here is an evaluation on the hourly time frame. This time frame is where you can observe emerging price patterns to signal a more refined entry. Also I want to point out some very nice examples to the left of the chart: The higher low (HL) and the subsequent double bottom. These formations appeared within a price area that I labeled "Look for ...

MarcPMarkets MarcPMarkets PRO LTCUSDT, 1440, Long ,
LTCUSDT: LTCUSDT Perspective And Levels: Sitting On Support.
181 2 13
LTCUSDT, 1440 Long
LTCUSDT Perspective And Levels: Sitting On Support.

LTCUSDT: Been getting a lot of requests for this one, so I am posting an evaluation. Major trend is very clear: Bullish. At the moment, this market is sitting at the swing low of a retracement off the 55 high. This is a low risk area to buy in my opinion. How you evaluate your risk depends on which supports you reference, and the size of your position. The 35 ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 1440, Long ,
ETHUSD: ETHUSD Perspective And Levels. 160 Key Support.
871 1 17
ETHUSD, 1440 Long
ETHUSD Perspective And Levels. 160 Key Support.

ETHUSD Update: Whenever there is a dramatic move, the bigger picture will always provide the best perspective. In the case of ETH, this bearish momentum appears to be a very healthy retracement. It is still a Wave 4 in terms of Elliot Wave, which means this market still has a chance of reaching new highs. Let's first address the new low made at 169. This is very ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 60, Long ,
BTCUSD: BTCUSD: Possible Double Bottom Forming On Support Zone.
190 0 10
BTCUSD, 60 Long
BTCUSD: Possible Double Bottom Forming On Support Zone.

BTCUSD Update: Short term bearish momentum continues but we are at a level of interest. The in bigger picture, we are still within a large consolidation. This is no surprise and may continue as a result of all the uncertainty around the BIP 148 event on 8/1, but at the moment there is a possible double bottom forming within a support zone. Consolidating markets ...

MarcPMarkets MarcPMarkets PRO EURUSD, 240, Long ,
EURUSD: EURUSD: Watching Retrace For Next Upswing Into 1.1450s.
110 0 11
EURUSD, 240 Long
EURUSD: Watching Retrace For Next Upswing Into 1.1450s.

EURUSD: Major trend is bullish as evidenced by the higher highs and higher lows on the larger time frames, BUT keep in mind, the 1.1450 to 1.1500 area is a MULTI YEAR range resistance (dates back to May 2015), and if not broken, price may drift back toward the middle of the multiyear range (1.08 area). As a price action trader, I evaluate recent price history, ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 1440,
ETHUSD: ETHUSD: Major Support Within Reach.
1607 15 16
ETHUSD, 1440
ETHUSD: Major Support Within Reach.

ETHUSD 0.01% Update: Bearish momentum continues on the near term. The break of the 250 to 240 area (red arrow), and continuation of new lows signals a change which is likely to be thrusting this market into a broad consolidation. In order for this market to PROVE that there are any chances of a significant bullish retracement, the 245 resistance level needs to be ...

MarcPMarkets MarcPMarkets PRO SPX, 1440,
SPX: SPX: Momentum Bearish, Nearby Supports, But Big Picture Bullish?
124 0 6
SPX, 1440
SPX: Momentum Bearish, Nearby Supports, But Big Picture Bullish?

SPX: Do not be fooled by the near term bearish momentum, the major trend that has been pushing this market higher since November is still intact. June 16th was the most recent swing high, and the current peak of the major trend. Since then price has pulled back to the 2410 area, with yesterday being the second time. 2414 is a .382 support from the most recent ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 30, Long ,
ETHUSD: ETHUSD Triangle: Watch For Support Zone 258 to 250.
2987 18 15
ETHUSD, 30 Long
ETHUSD Triangle: Watch For Support Zone 258 to 250.

ETHUSD: Price is in a consolidation. Within the context of a broader bullish trend, these are usually continuation patterns. I am still bullish and prefer to buy at supports and hold for a broader target. At the moment this market is showing signs of minor bearish momentum confirmed by the lower highs made at a key resistance area of 273 (This level has been in ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 1440, Long ,
BTCUSD: BTCUSD Overview: Consolidation May Be Over Soon.
303 0 15
BTCUSD, 1440 Long
BTCUSD Overview: Consolidation May Be Over Soon.

BTCUSD Overview: Without getting into the detail on a 15 minute chart, I want to provide a broader view based on price action with some perspective on wave counts. It is clear that this market is currently in a Wave 4 triangle. You can count 5 subwaves within the formation (I left them out for chart clarity) which means there is a good chance we may be forming the ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 15, Long ,
ETHUSD: ETHUSD: Buyers Are Back. Looking for Longs Low 260s Support.
832 4 11
ETHUSD, 15 Long
ETHUSD: Buyers Are Back. Looking for Longs Low 260s Support.

ETHUSD Update: The reversal played out from the major support area in the lower 240s that I highlighted in my previous evaluation. It just didn't play out as the "double bottom" formation that I was anticipating. The buying that I was waiting for is back. Price compromised the pivot resistance area which is a clear sign of strength and a signal that price is in ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 15,
ETHUSD: ETHUSD: Broken Support But Great Place For A Reversal.
1006 7 17
ETHUSD, 15
ETHUSD: Broken Support But Great Place For A Reversal.

ETHUSD Update: Major support at 246 area is broken. A sign of continued short term weakness ahead. I am still bullish long term. During these type of corrections within a larger bullish trend, it can be very easy to get sucked into buying too early, especially when very opinionated. One less bearish observation that I can make about the current price action is ...

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