This_Guhy

This_Guhy Wizard Updated 

Backstory Ethereum has worked around the horizontal level at $350 for about 2.5 years. First beginning in June 2017 $350 provided resistance for an ascending triangle with the 20w as support. Second $350 provided support for the April 2018 pump where Ethereum doubled in value till hitting the 20w as resistance. Thirdly When $350 fell in august 2018 it was with...

This_Guhy Wizard Updated 

NDAQ is of course highly correlated with NDX, QQQ, and relate tickers so if NDAQ looks bullish it is a sign that TQQQ and SQQQ will move predictably. If NDAQ is bearish that will have likewise opposite effect. NDAQ came screaming out of the March low to set an advance into a buying climax. The initial give back of that buying climax sets up the Automatic...

This_Guhy Wizard

Look at the 3 minute chart below because Tradingview doesn't accept posts with a timeframe less than 15 minutes. It is apparent that people have started to sell the close and there is not enough buying activity at the open or over the course of the day to keep the price up. A lot of traders appear to be exiting their positions at the last 3 minutes of the day....

This_Guhy Wizard Updated 

I continue to cobble together a trading system that will help me let my winners run while finding potential reversal points as I have gotten fairly good at buying the dip or finding longer term reversals but I leave to much on the table or I get out too soon. So lets break this down: The VSTOP system is pretty simple. The regular setting helps track areas of...

This_Guhy Wizard

The Volatility stop is a very simple way to track areas of support and resistance and when combined with the Multiple Time frame VSTOP we get some indicators taht do some autocharting for us. Throw on some simple moving averages to help with timing trades with retests and I have hopefully developed a system that will help me time my entries on leveraged trades...

This_Guhy Wizard

My use of VSTOP and the Multiple Time frame VSTOP has become part of my "autocharting" procedures to identify a price action that triggers a VSTOP to flip and then price action will trigger the VSTOP to flip and then price action to impulse to the MTF VSTOP. We see the black circle and arrow a time where the VSTOP flipped to bullish and shorly thereafter the...

This_Guhy Wizard

The bump and run formation is something that is usually looked for with a lead in of six to eight weeks and not six to eight years, but as I charted silver futures against the NASDAQ I saw what was there. This post is long silver against everything, especially the NASDAQ The Bump and Run Top is one of the preeminent charts for understanding blow off tops and the...

This_Guhy Wizard

Get in here and pump my bags. Not financial advise but play this breakout or stay poor. Submitted without any real analysis to limit my liability.

This_Guhy Wizard

I continue to get raked over the coals for my lack of bullishness in crypto, standing out most of this rally because I haven't seen key signals that I prefer to see. I also remember how the COVID shock shook crypto when theoretically it should have been restive to such a real world event but as insightful traders and investors know all markets are unified by the...

This_Guhy Wizard

Title says it all. This is a very small timeframe and so I generally don't put to much stock in it but given the awful fundamental environment filling this gap does provide a very technical entry hoping for over performance. Lots of bearish divergence in this top as well. Please see the linked post for a wider view on the markets.

This_Guhy Wizard Updated 

The Left Chart I have been using iterations of the chart on the left for a while now. Bitcoin is testing previous support as resistance and so this is a key decision point. Failure to break resistance right here signals very real macro-weakness. It would have been the third lower high since 2017 and at the least would set up more continuation sideways. Even...

This_Guhy Wizard Updated 

I have been looking at the 2020 open as a key level for a while now and in contemplation it appears that it has provided the resistance for the shoulders of a head and shoulders. Full performance would get us to this rising wedge I have also been looking at. A wider shot sees price action at the orange wedge resistance for the third time for a wedge drawn as...

This_Guhy Wizard

SPX first due to its longer history. The year chart is absolutely dreadful as twice before the price action has tested the support generated by the sequential to devastating affect to the market. This potential ways off at this point. What isn't is is our chance for a waterfall drop on the daily chart. The NASDAQ doesn't have the same history as the S&P 500 but...

This_Guhy Wizard

Previously I looked at a potential "bullish" MACD cross on the Covid death numbers. Its been about five days since that cross has been established and I have added the Rate of Change to the death rates with an estimated path if the ROC continues as if it were a deep saucer formation. The deaths are going chart is going to be on the standard (non-log) scale for...

This_Guhy Wizard Updated 

Very quick post here. The bollinger band on default settings is suppose to contain some 95% of price action and being at the top can signal limited upside. The TD sequential often ends a trend at 9 or 13 so this is kinda a risky place to be be. The red arrows show where you could have made a decent entry in a day or swing trade, at least, and the blue show where...

This_Guhy Wizard

Both Link and Tron took a whack with the general economy leading to Point 1. Link did show more resilience and when it reached the VSTOP x2 at point 2 Link popped above that dynamic resistance and formed the rising wedge and price action spent most of the time at the resistance of that wedge. At point 2 Tron continued its uptrend but not in the same bullish...

This_Guhy Wizard

The Nine Season Rainbow, by some sort of black box logic unbeknownst to me, is starting to show stress similar to when the dump happened in February. The Purple box shows the signal was in on the lower time frames and the EMAs quickly crossed bearishly. From there the spill was intense and the 48 period EMA was very controlling n the way down, locking in the...

This_Guhy Wizard Updated 

I have waited longer for this than perhaps I should admit due to closing my long way to early and not letting my winners run.. Price Action hit the bollinger band upper limit OBV has hidden bearish divergence MACD Histogram has hidden bearish divergence MACD seems posed to cross the signal line bearishly. A quick move to the lower limit of the BB seems...