marketmusician

marketmusician

Trade what you see, not what you think. Things are looking toppy. Not a place I'd want to enter right now unless youre buying dca over time.

marketmusician

Is the MSFT bull run about to fade... who knows. I will hedge in the low 300's and see. Kind of looks like it could be a complacency shoulder. If market tanks ill be looking to enter again at a 60% discount like in the previous bear cycle. maybe $142 area.. Let's see. :)

marketmusician

Hi All, As you can see, BTC is currently still inside this red flag-looking channel. In the scenario where it breaks down, I am looking for a retest of the major logarithmic trendline at around 28k (seen in black), just below the support level at 29k. This area would be a fantastic long term buy area with many convergences and an oversold RSI on the...

marketmusician

DSI Indicator coiling up for GOLD daily timeframe. -> always leads to a big move incoming. I am unbiased at the moment, triggers set to trade both scenarios A & B. Let me know your thoughts :) MM

marketmusician

COINBASE:BTCUSD Hi All, one of my algo's triggered a sell signal with similar momentum structure as last year in March. I'm not bearish at all but momentum looks weak on BTC and I could see another shakeout like in march 2020 incoming, with a potential retest of old ATH as support. ...Probably not as deep as last march, but still enough to act as a spring for...

marketmusician

The upwards trend has clearly been broken, as seen by the double Trendlines (C-forks). Price is due for a retest of the trendline at roughly 48.5k. This will mark an entry point for a high probability Short with RR of 3.5 Given the HTF support area around 41k, price is likely to bounce there, which would make for a great TP area for the short entry. If this...

marketmusician

After a break and successful retest of the trendsurfer trendline, BTC is back in bullish bias territory, heading towards major resistance at around 48k. There is strong support at around 41-42k, which is due for a retest in my opinion. I do think that we will see a break upwards from the 48k resistance sometime soon, however, I don't think that after 3 months...

marketmusician

As you can see, Bitcoin rejected perfectly at resistance (3.50) and bounced perfectly from Major Support line (1.70). The chart explains it perfectly. As long as things stay above that 1.70 level, I think this could be a significant S&R Flip, with Bitcoin showing strength as a hedge against inflation. If it falls below 1.70, well... then I will assume a more...

marketmusician

Low timeframe sell signals on BTC here. As expected BTC is testing the daily 50EMA. It will likely reject and retest the 52k area before any decisions are made. I'm looking to enter at around 52k for another scalp. MM.

marketmusician

A lot of opinions going around about possible downside continuation on BTC. Here's my take: BTC has very clearly broken its uptrend, seen by the crossunder of price and the SUPER-MA. Many daily indicators also looking pretty bearish. Doesn't mean much though, since indicators just give us an "indication" and nothing more. Analysis: Currently sitting at the...

marketmusician

I see a clear upwards trending channel. BTC might have just broken above the mid-line and is retesting the midline. For now, looking for entries around the channel mid-line, roughly $62400. If that doesn't hold, there is a chance that we go lower to revisit support or the lower level of the channel. Bullish until proven otherwise. Enjoy your week. I...

marketmusician

Very similar pattern here for $OMG and $STORJ. Price of OMG is retesting the old highs and I think it will bounce off quite nicely. Superstrength Index also showing bullish signs. Entry around this level. SL just below old high. Target 1 = $15 Happy Trading. ;)

marketmusician

GRT is currently sitting nicely at the top of this channel. If it breaks up, entry will be at retest of approx $1.85. with a SL underneath the upper channel limit. My indicators are starting to look bullish again on the daily and 4H timeframes, so potentially a breakup here. Happy Trading.

marketmusician

I came across this chart a few days ago and saw @vajolleratzii talk about it again today on Youtube so I wanted to point out where Bitcoin ACTUALLY is when you take USD inflation into consideration. We are currently just about at the same level as the 2019 highs, which is likely to prove as a short term resistance level. Insane.

marketmusician

I've been running several algo's (only super_simplified versions here on TV) at the same time attempting to compute Probability distributions (DL based on SVM) of a mean reversion for COINBASE:BTCUSD at this level, and using Convolutional neural networks, to map current price action patterns with historic chart patterns across multiple sectors. Here's the...

marketmusician

Based on my indicators and my personal gut feeling, I think we are likely going to retest the Support (old ATH) at roughly $42200 with a quick relief, then bearish retest and then shuffle around in the 40-48k area for a while before entering (A.) a slightly deeper correction or (B.) resuming uptrend towards the 60k+ area. My personal feeling: Volume has been...

marketmusician

TA algos looking good for this one. - Established support. - Increased volume + solid move up. What to expect: Small consolidation. (retest) - then move up. Target: $7 mark Don't take my word for it. Program is the one calling it, not me. Trade safe. Don't forget, market is way overheated these days. Pullback coming sooner than later. MM.

marketmusician

The vix does well in October. Should see another spike coming in soon.