MarcPMarkets

04:31

MarcPMarkets

Bitcoin showing bearish engulfing candle (outside bar) which can be interpreted as a MOMENTUM reversal (not to be confused with a TREND reversal). The broader structure is still BULLISH which means probability continues to favor longs. This does NOT mean we can just buy at any price. The objective is to ANTICIPATE the next inflection point or support level where...

05:21

MarcPMarkets

I normally update Bitcoin, but there is NOTHING to say except that it's still gyrating near the low of the broader range, and we are still long while waiting for it to break higher. MEANWHILE, there has been some unusual and interesting movement in some of the alt coins which in a way reflects the speculative appetite of investors in this increasingly frothy...

05:58

MarcPMarkets

While Bitcoin and the well known alts continue to cure most trader's insomnia, Chain Link has taken the spot light. Once this alt broke out from it's previous resistance of around 5, it has been vertical. If you are new to trading, I would like to welcome you to another fine episode of the HERD mentality in action. Can this thing go to 10 over the next week? In...

05:10

MarcPMarkets

U.S holiday price action appears to be playing it's part in Bitcoin's slow price action, but this doesn't change anything. Bitcoin is in a consolidation within a broader BULLISH trend since April. Price continues to probe range lows which does NOT provide any evidence of progress or TREND on our time frame of interest. Keep in mind weak markets BREAK supports,...

04:23

MarcPMarkets

Bitcoin is NOW in a much more attractive location when we consider the reward/risk and probabilities based on our long only swing trade strategy. For those who insist we are in a bearish trend, make sure to check the structure on your larger time frames, because there is still nothing bearish about this market (trend is a subjective word that is relative to time...

05:43

MarcPMarkets

Bitcoin continues to linger in the range. So much for overly dramatic and reactive bearish predictions. Hopefully by now you are beginning to realize that opinions, especially those that are based on emotional tendencies are not helpful to hold onto. In this video I will explain the TECHNICAL reasons why we continue to be bullish, and how we select a price when...

05:21

MarcPMarkets

Bitcoin price action is beginning to lean to the negative side, BUT that does NOT qualify as a trend reversal relative to our long only swing trade strategy. The recent minor sell off to the 9K area is nothing more than range bound NOISE. A trend unfolds in a way that makes progress, it does not gyrate within the middle of a 1400 point range for long periods. As...

05:22

MarcPMarkets

Bitcoin recently sold off from the 10,400 high resulting in the usual run of the mill overly bearish REACTIVE predictions which may have convinced you to sell. Please realize, it is not their fault that they are unable to see the bigger picture. Reacting to price information is a very common mistake and a mark of inexperience. The first thing we told our followers...

05:02

MarcPMarkets

The Bitcoin consolidation between 9564 to 10168 resistance zone and the 8500 area support is still in play. As I have been mentioning in previous videos, this pattern is typically a trend continuation pattern, and the bullish trend is STILL intact. In this video I will highlight the context behind the setup we would like to see in order to share a new swing trade...

04:53

MarcPMarkets

Bitcoin has found some support in the lower 9Ks, but is NOT yet providing a clear buying opportunity in terms of price structure and setup. In previous analysis videos I have been anticipating a range bound price formation and that appears to be what Bitcoin is producing at the moment. So how are we going trade this in terms of our LONG only swing trade strategy?...

05:42

MarcPMarkets

Bitcoin didn't sell off like many were ranting about a week ago. Instead, it found support around the 8500 area (like I wrote about) and produced a very aggressive buy signal which we mentioned but did not take around the 9000 area. So you may wonder, if we are so bullish on Bitcoin, why would we not take a new buy signal? It all has to do with the RULES that...

03:57

MarcPMarkets

Bitcoin retraces out of the 9564 to 10,168 resistance zone, but no reason to over react. The resistance zone that has been on my charts for months is a location that favors such a move, and is why we have been reducing our risk by taking partial profits at predetermined targets (8K and 9750). The mistake to avoid here is to get confused by all the bearish hype...

04:46

MarcPMarkets

Bitcoin pushing into the 9Ks after printing a bearish pin bar upon Friday's close. Nothing showcases strength more than a market that lingers around a resistance area. With the Bitcoin reward halving on the horizon, all of the coming hype will likely reflect positive sentiment and limit the potential of any bearish signals along the way. This is all good for those...

04:07

MarcPMarkets

Weak markets do NOT linger around resistance areas, they sell off quickly. That is what I regularly remind our followers who are still long Bitcoin from 5750 and 7025. Is price in a vulnerable area? Sure, but until it produces a clear sell signal on the time frame relative to our LONG only swing trade strategy, there is nothing to do but let the winner run. In...

03:40

MarcPMarkets

Bitcoin price structure continues to favor a push to higher prices. Although the 7300 level has not yet been cleared, the fact the price continues to flirt with resistance is a sign of strength based on the criteria that we evaluate. UNTIL the market confirms a change in the balance of order flow, we will continue to look for strength. In this video I explain what...

04:36

MarcPMarkets

Bitcoin: Noise in the markets comes in many forms: price noise, inflexible opinions, hype, etc. It is one thing to consume it for intellectual entertainment, but taking action or making decisions on such information is NOT helpful at all for your trading account. There are many moving parts when it comes to evaluating a market, no matter what mix of fundamental...

05:16

MarcPMarkets

#Bitcoin has been lingering at the current resistance level for a few days now, meanwhile markets that are weak do not linger, they sell off FAST. So what does this price action imply? In this brief video I explain what we expect from Bitcoin over the next week based on the clues offered by the current balance of order flow. We operate a LONG only swing trade...

04:25

MarcPMarkets

#Bitcoin has established a new lower higher off the 7K resistance area, BUT is this a signal for bears to run rampant? In this video I explain why the following support levels should not be ignored since there is a greater probability of a higher low developing. This can be particularly insightful for those who are not sure whether staying in a long position makes...