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 www.priceactiontraders.net
www.Priceactiontraders.net
Markets Allocation
91 % cryptocurrency 5 % forex 3 % stocks 1 % other
Top Mentioned Symbols
ETHUSD 50% | 112 BTCUSD 31% | 69 LTCUSD 5% | 12 EURUSD 3% | 8
MarcPMarkets MarcPMarkets PRO BTCUSD, 720,
BTCUSD: BTCUSD: Bullish Momentum Returns. Eyeing 15K Target.
3506 14 92
BTCUSD, 720
BTCUSD: Bullish Momentum Returns. Eyeing 15K Target.

BTCUSD update: Price is making its way higher as anticipated now that it has penetrated the 11600 resistance area. The bigger picture presents a bullish pennant formation which continues to point to an eventual retest of 20K or higher. You can interpret this environment in many similar ways depending on how you draw the parallel trend lines. Bullish flag, ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 720,
BTCUSD: BTCUSD: Minor Support Test Can Lead To Much Higer Prices?
11083 36 173
BTCUSD, 720
BTCUSD: Minor Support Test Can Lead To Much Higer Prices?

BTCUSD update: 11600 resistance taken out indicates bullish momentum returning while this market can be setting up for a broader move back to the 14211 to 15525 resistance area. If you are not long yet, the retrace to watch for is the 10242 to 9822 minor support zone. In my previous report, I wrote about the outside bar like formation (it wasn't an outside bar ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 720,
BTCUSD: BTCUSD: Outside Bar Offers Hint Of Bullish Reversal To 15K?
14764 55 176
BTCUSD, 720
BTCUSD: Outside Bar Offers Hint Of Bullish Reversal To 15K?

BTCUSD update: Outside bar like candle forms within the 10988 to 8656 support zone, and more specifically bounces off the 9683 lower boundary of the reversal zone. Just like in the other markets, this is a place to be looking for longs for swing and position trades. Funny how people criticize and ridicule TA, meanwhile levels that I have projected weeks ago are ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 720,
ETHUSD: ETHUSD: New Lows Into Support Zone. Attractive Investment.
8164 22 104
ETHUSD, 720
ETHUSD: New Lows Into Support Zone. Attractive Investment.

ETHUSD update: Dramatic retrace takes this market back to the 872 upper boundary of a larger magnitude support zone much faster than expected. Price is now in an area that offers better opportunity on the long side, but price stability needs to present itself. My long at 1311 got stopped out at 1243 which protected me from 400 more points of pain. What you are ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 720,
BTCUSD: BTCUSD: Weak Hands Being Shaken Out. Consider Longs.
17239 67 159
BTCUSD, 720
BTCUSD: Weak Hands Being Shaken Out. Consider Longs.

BTCUSD update: Price retests 11600 range low area in a dramatic bearish move, which in my opinion is an attractive area to look for position trade longs because this is where the weak hands are shaken out. The 11600 area is a key level because it has been bought up from that point since mid December which makes it a significant range low. It is also just above ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 240, Long ,
ETHUSD: ETHUSD: Higher Low Forming Sets Up Next Attempt To 1424.
6661 23 92
ETHUSD, 240 Long
ETHUSD: Higher Low Forming Sets Up Next Attempt To 1424.

ETHUSD update: The 1291 minor support level has generally held while price is attempting to retest the level again. The resulting higher low formation is a reversal structure that implies strength. On top of that price has been consolidating into a triangle which often results in trend continuation. I wrote about the swing trade potential around the 1291 level in ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 360,
ETHUSD: ETHUSD: Bearish Momentum Retesting Minor Supports. Buy Signal?
7165 24 88
ETHUSD, 360
ETHUSD: Bearish Momentum Retesting Minor Supports. Buy Signal?

ETHUSD update: Minor support area near 1291 being tested while there is no significant reversal structure in sight. Based on the current price action, this retrace can be labeled as a sub wave 4 which implies one more attempt at the highs before a broader correction is reasonable to expect. For those who are newer to utilizing TA, it is important to understand ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 360,
ETHUSD: ETHUSD: 1540 Target Within Reason But Risk Of Reversal High?
5714 22 93
ETHUSD, 360
ETHUSD: 1540 Target Within Reason But Risk Of Reversal High?

ETHUSD update: 1424 all time high made as this market pushes its way into a potential reversal zone. In this report I am going to talk about the next potential supports and what to make of the current wave count. First, let's talk best practices. On a new high, it is always a good idea to lock in some profit. This does not mean sell your entire position. It means ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 360,
BTCUSD: BTCUSD: Consolidation Is Broad Higher Low. Sign Of Strength.
9824 31 170
BTCUSD, 360
BTCUSD: Consolidation Is Broad Higher Low. Sign Of Strength.

BTCUSD update: Price action fluctuating within 12879 to 13786 support zone while presenting another double bottom reversal formation. Even though the momentum is still bearish. this area and the range lows (11600) offer a more attractive buying opportunity for longer time horizon strategies. The first observation to consider is that this market is in a broad ...

MarcPMarkets MarcPMarkets PRO LTCUSD, 360, Long ,
LTCUSD: LTCUSD: Range Low Support Offers Attractive Reward/Risk.
5762 31 110
LTCUSD, 360 Long
LTCUSD: Range Low Support Offers Attractive Reward/Risk.

LTCUSD update: Price action has been consolidating and is now showing a reversal pattern within a projected resistance zone near the low of the range. I am now long (50% position size) from 230.01 This is a position trade that I intend to add to if price pushes extreme lows. What is a position trade? It is a longer time horizon trade that requires less precision ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 360,
ETHUSD: ETHUSD: 5 Wave Completion A Bearish Sign?
11099 60 162
ETHUSD, 360
ETHUSD: 5 Wave Completion A Bearish Sign?

ETHUSD update: 1382 all time high reached which was just 3 points shy of the target projection which completes 5 large magnitude waves. The possibility of a broader correction is now increased. In my previous report, I wrote about the possibility of a subwave Wave 4 correction before the bullish Wave 5 which is now in place. That scenario has played out and price ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 360,
BTCUSD: BTCUSD: Range Lows Offer Potential Buying Opportunities.
8963 23 147
BTCUSD, 360
BTCUSD: Range Lows Offer Potential Buying Opportunities.

BTCUSD update: Price retests the 13786 to 12853 support zone after failing to push through projected resistance. This is a trading market. I have written about this since the overdone rally in December: unrealistic markets reinforce bad habits and warped expectations and the results are very apparent if you read some of the negative feedback that I have been ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 720,
ETHUSD: ETHUSD: Don't Buy High. Consider Bigger Picture.
9179 26 129
ETHUSD, 720
ETHUSD: Don't Buy High. Consider Bigger Picture.

ETHUSD update: New all time high established at 1225 as price backs off into the mid 1100s. When markets runaway, the best thing to do is evaluate the bigger picture to get a better sense of perspective and risk, not get carried away by euphoria. In this report I am going to highlight the next proportional target as well as relevant support levels. Elliott Wave ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 360,
BTCUSD: BTCUSD: What To Watch For Within Key Resistance Area.
7302 27 117
BTCUSD, 360
BTCUSD: What To Watch For Within Key Resistance Area.

BTCUSD update: Some selling activity is now appearing in the middle of the 16350 to 17876 resistance zone. This price action also happens to be in an area of overlapping resistance levels that I will explain further in this report. If price cannot recover quickly, it is more likely to retest the low 15K area. I have been writing about the 16350 to 17876 ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 360,
ETHUSD: ETHUSD: Push To 1045 Before Potential Correction?
5814 30 91
ETHUSD, 360
ETHUSD: Push To 1045 Before Potential Correction?

ETHUSD update: Price hesitates around 1000 which appears to be developing into a double top formation. Isn't this bearish? In this report I will evaluate the price action and consider what is more likely to follow based on market structure. The price structure leading up to the 1K area is bullish and has not shown any signs of significant weakness yet. The ...

MarcPMarkets MarcPMarkets PRO BTCUSD, 360,
BTCUSD: BTCUSD: Bullish Momentum Can Lead Back To 20K.
7989 44 112
BTCUSD, 360
BTCUSD: Bullish Momentum Can Lead Back To 20K.

BTCUSD update: Bullish breakout and now attempting to retest the 16350 to 17876 resistance zone. The lower boundary of this zone is also the range high area as well. This is a good area to lock in profits upon any bearish reversals. At the moment, this market is showing continued signs of bullish momentum. When I say watch for bearish reversals, that does not ...

MarcPMarkets MarcPMarkets PRO ETHUSD, 360,
ETHUSD: ETHUSD: Sub 1000 Psychological Resistance Area Higher Risk?
6727 32 124
ETHUSD, 360
ETHUSD: Sub 1000 Psychological Resistance Area Higher Risk?

ETHUSD update: 954 all time high reached as price reacts to the upper boundary of the 945 reversal zone. Price momentum is bullish and is likely to test 1000 but buying at current prices presents increased risk. This price action is nothing new. When you have strong markets like we have seen in these coins, it is still better to lock SOME profits at highs, and ...

MarcPMarkets MarcPMarkets PRO LTCUSD, 360,
LTCUSD: LTCUSD: Triangle Breakout Can Lead Back To 300?
7857 24 95
LTCUSD, 360
LTCUSD: Triangle Breakout Can Lead Back To 300?

LTCUSD update: Consolidation breakout occurred with price now trading just under 250. At the moment, based on the current structure, momentum is bullish and is more likely to work its way into the 285 to 321 resistance zone. Just like BTC, this market has formed a higher low in recent price action which is clear momentum reversal. This formation has lead to the ...

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