MarcPMarkets

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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 www.priceactiontraders.net
www.Priceactiontraders.net
Markets Allocation
87 % cryptocurrency 7 % forex 4 % stocks 1 % other
Top Mentioned Symbols
ETHUSD 56% | 88 BTCUSD 22% | 35 EURUSD 5% | 8 LTCUSD 4% | 7
MarcPMarkets MarcPMarkets TOP BTCUSD, 720,
BTCUSD: BTCUSD Perspective And Levels: Signs Of Strength For Now.
2278 9 47
BTCUSD, 720
BTCUSD Perspective And Levels: Signs Of Strength For Now.

BTCUSD update: Price is pulling back in a very shallow consolidation which is now presenting a bull flag formation. This price action is not characteristic of a weak market or a bearish C Wave. If anything price is poised to retest 8k and possibly higher. Weak markets do not consolidate near highs, and do not unfold in bullish formations on larger time frames. ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 720,
BTCUSD: BTCUSD Perspective And Levels: Hope Short Refers To Your Height.
5744 30 90
BTCUSD, 720
BTCUSD Perspective And Levels: Hope Short Refers To Your Height.

BTCUSD update: Price has pushed to 8020 without any bearish hesitation on the larger time frames in the 6950 to 7350 resistance zone. What happened to the C Wave that I have been writing about? If you look at my previous BTC report, I specifically explained that B Waves are TRICKY. I also explained that price had to break back below the 6500 area in order to ...

MarcPMarkets MarcPMarkets TOP ETHUSD, 720,
ETHUSD: ETHUSD Perspective And Levels: Strength Returning?
4407 10 81
ETHUSD, 720
ETHUSD Perspective And Levels: Strength Returning?

ETHUSD update: Price structure is showing signs of continued strength with a higher low and breakout of a smaller range between the 275 and 310 area. It still has to get through a wide resistance zone that has been holding this market back for over a month. Based on the new bullish structure, 372 is a realistic short term target. I have not been writing about ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 360,
BTCUSD: BTCUSD Perspective And Levels: B Wave And Resistance Zone.
12319 82 138
BTCUSD, 360
BTCUSD Perspective And Levels: B Wave And Resistance Zone.

BTCUSD update: Price is retesting the 6950 to 7350 resistance zone (.618 of recent bearish swing) which is the 3rd leg of Wave B. This is where it gets tricky. Will it retrace lower or keep going? In my previous report I wrote that I was anticipating this upswing because this is a typical zig zag formation that is characteristic of Wave B counter corrections. I ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 360,
BTCUSD: BTCUSD Perspective And Levels: Jack Be Nimble. Very.
12749 48 176
BTCUSD, 360
BTCUSD Perspective And Levels: Jack Be Nimble. Very.

BTCUSD update: It appears Wave B is in play with one more leg expected to retest the high 6ks to low 7ks before the C Wave unfolds taking this market significantly lower. Based on the structure at the moment, the current formation appears to be transitioning into the second leg of Wave B which often looks like a minor retrace of a zig zag formation. A higher low ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 1440,
BTCUSD: BTCUSD Perspective And Levels: The Fast And The Flexible.
7605 28 106
BTCUSD, 1440
BTCUSD Perspective And Levels: The Fast And The Flexible.

BTCUSD update: This market moves fast. The anticipated retrace is in play as price has taken out the 6469 level signaling bullish momentum. 6950 to 7350 is the resistance zone to watch for the next bearish reversal. As written about in my previous report, the 6950 to 7350 area is the .618 of the recent bearish swing. Often, when a Wave B unfolds, it happens in 3 ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 1440,
BTCUSD: BTCUSD Perspective And Levels: Extreme Prices And The Retrace.
8388 41 87
BTCUSD, 1440
BTCUSD Perspective And Levels: Extreme Prices And The Retrace.

BTCUSD update: Price decline to 5400 and then sharp retrace leaving behind a possible pin bar on the larger time frames. This is most likely the completion of the A Wave. Keep in mind in markets where emotion runs to extremes, levels are going to be far from precise. The 6030 level was the area where I was looking for a bullish retrace to begin the B Wave counter ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 720,
BTCUSD: BTCUSD Perspective And Levels: Is This A Good Time To Buy?
7951 21 88
BTCUSD, 720
BTCUSD Perspective And Levels: Is This A Good Time To Buy?

BTCUSD Update: Price continues lower as it nears the 6040 support. What makes this area especially notable is that fact that it is the previous range resistance from October (5960 to 6150 highs). This is a likely area for price to retrace into a Wave B counter correction. Price appears to be falling like a rock and scaring out the weak hands. Now the 7500 price ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 720,
BTCUSD: BTCUSD Perspective And Levels: Is 6K Retest Possible?
6139 36 93
BTCUSD, 720
BTCUSD Perspective And Levels: Is 6K Retest Possible?

BTCUSD update: Price declines significantly breaking below the 6900 support and triggering the water fall of sell orders which is perfectly normal. While the double top is confirmed and the bearish momentum in play, this is NOT the time to be buying supports unless you are day trading. In terms of wave count, this is the A Wave which is the first leg of a ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 720,
BTCUSD: BTCUSD Perspective And Levels: Just Needs A Push.
10090 57 161
BTCUSD, 720
BTCUSD Perspective And Levels: Just Needs A Push.

BTCUSD Update: Interesting turn of events now that Segwit2X was conveniently cancelled. With no incentive for free money, why isn't this market falling apart? It just needs a push. I will explain. I was not aware of the news when I published yesterdays report, but I was aware of the price action. After I found out, I looked up some articles and you really need to ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 720,
BTCUSD: BTCUSD Perspecitve And Levels: The Outside Bar Bearish Reversal.
8161 58 101
BTCUSD, 720
BTCUSD Perspecitve And Levels: The Outside Bar Bearish Reversal.

BTCUSD Update: Higher low established at the 6900 area followed by a new upswing that has just spiked to 7900 and formed an outside bar. This is the Wave 5 of 5 that I have been writing about that may have exhausted its potential going into the fork over the next 8 days. Once the incentive is over, the environment will be setup for the beginning of a much larger ...

MarcPMarkets MarcPMarkets TOP LTCUSD, 240,
LTCUSD: LTCUSD Perspective And Levels: Breaking Out But To Where?
4614 35 92
LTCUSD, 240
LTCUSD Perspective And Levels: Breaking Out But To Where?

LTCUSD update: Consolidation break out attempt at the 60 level. Compared to the other coins, this market takes much longer to make significant progress but is worth mentioning because a minor retrace can offer attractive reward/risk for a swing trade long. Also this breakout can be the beginning of a broader bullish movement. The 60 level has been the range high ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 360,
BTCUSD: BTCUSD Perspective And Levels: How Low Can It Go?
9095 37 121
BTCUSD, 360
BTCUSD Perspective And Levels: How Low Can It Go?

BTCUSD update: 7030 is touched as price attempts to retrace after the relentless rally. The big question: Is this the beginning of the big correction that everyone has been waiting for? Or just another shallow retrace? I will refer to Elliott Wave in order to get an idea of what is reasonable to expect. After the consolidation breakout which eventually got ...

MarcPMarkets MarcPMarkets TOP BTCUSD, W,
BTCUSD: BTCUSD Perspective And Levels: Risky Business.
5021 21 82
BTCUSD, W
BTCUSD Perspective And Levels: Risky Business.

BTCUSD Update: Nothing new on the new high front except for a new high of 7598. When markets trade like this, it is always a good idea to really zoom out to get a sense of proportion and risk. People ask me why is it that I won't go long if I am projecting targets at the 8k level? I realize when I answer, "Risk is too high" that is vague. So in this chart I will ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 1440,
BTCUSD: BTCUSD Perspective And Levels: No Signs Of Selling. Yet.
6864 33 119
BTCUSD, 1440
BTCUSD Perspective And Levels: No Signs Of Selling. Yet.

BTCUSD Update: 7530 all time high is reached as this relentless rally continues. The question is what is how much higher can it go? One extension is taken out after another. The next price target based on an extension projected from the bottom of the most recent bullish structure is 8271 (the 2.618 extension). Yes it is hard to believe price can make it that ...

MarcPMarkets MarcPMarkets TOP ETHUSD, 720,
ETHUSD: ETHUSD Perspective And Levels: Trading Consolidations Like This.
4117 59 75
ETHUSD, 720
ETHUSD Perspective And Levels: Trading Consolidations Like This.

ETHUSD Update: After pulling back to 275, price bounces back up establishing a double bottom and making it crystal clear that this market is in a range within a larger range. In my previous ETH report I mentioned the 355 to 198 range, and within that broad range this market is now consolidating between 270 and 315. I explained how I raised my stop on my small ...

MarcPMarkets MarcPMarkets TOP BTCUSD, 720,
BTCUSD: BTCUSD Perspective And Levels: New High And More Risk.
8583 88 132
BTCUSD, 720
BTCUSD Perspective And Levels: New High And More Risk.

BTCUSD Update: 7350 all time high reached which is nothing short of amazing. The best way to participate in this market is day trading because IF this market continues higher, the risk will only increase. I have been mentioning it more and more in my previous BTC reports, this is a day trading environment. Why? You can find signals on smaller time frames, capture ...

MarcPMarkets MarcPMarkets TOP ETHUSD, 360,
ETHUSD: ETHUSD Perspective And Levels: Middle Of Range?
3763 24 63
ETHUSD, 360
ETHUSD Perspective And Levels: Middle Of Range?

ETHUSD Update: Price retraces back to 294 while BTC continues to push highs. The fact that this market could not push the 315 high is concerning and I do not plan to add to my long position. I am still long from 298.84 with my stop now adjusted to 286. At this point, in order f or me add to my position, price needs to show proof of strength. The 315 level is a ...

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