This_Guhy

This_Guhy Wizard Updated 

Technically Most people don't use the Hull MACD and it is an interesting creature. The convergence here is very strong and I think predicts a full reversal in the downtrend in price. We see that IQ has been mostly flat over the last 4-6 days visually (not percent-wise) and the Hull MACD just reinforces the fact we have found a local bottom. SHortly I expect we...

This_Guhy Wizard Updated 

First things first will be why we are going to see ETHUSD going short for the next month or so and that prediction is based off the hidden divergence off the Hull MACD signal line compared to the price action, RSI, and normal MACD (I have been mentioning that in my last post for BTCUSD as well). Normally I like to see the bearish divergence build up for a bit...

This_Guhy Wizard Updated 

Amazing. Just look at this huge wick and imagine being in short with a stop loss and having your stop triggered right before this dumps. Also imagine seeing the tightening prices and having a buy stop to take you in when the price rises to a certain level. Next thing you know you are taken in on this wick and it dumps. Below is a 5m timeframe for a zoomed in...

This_Guhy Wizard Updated 

There have been a lot of calls that this is a suckers rally and I think we are seeing the fallout right before our eyes. The burn off will take us to a new low and we might see that full capitulation that the bears have been predicting. The Hull MACD is a great way to get a feel for what is going on but it does have its idiosyncrasies. But right now the...

This_Guhy Wizard Updated 

The 2D chart is pretty non-standard, but in these troubling times for BTCUSD and ETHUSD being rather bearish picking a coin to go long on requires, for me, some extra confidence. And we see that the 2D MACD bullish cross has been really predictive of 90-400% gains over the last year, and I want me some of that. To help confirm the uptrend we see hidden bullish...

This_Guhy Wizard

There are some annoying similarities and differences between this uptrend and the last one from April. Leading up to April we were in a very clear falling wedge pattern and we came out of it very impulsively into a series of rising wedges, nested within one another. This time the downward pattern is almost in between a downward channel with a very slight wedge. ...

This_Guhy Wizard Updated 

The pump across almost all coins yesterday was a pleasant surprise for those that are hoping for a recovery but there are some serious technical barriers that give me pause. First, for ETHUSD we see this pump did not get us to the either the overhead resistance in red, and didn't come anywhere close to the log resistance line in blue. A look at BTCUSD will see...

This_Guhy Wizard Updated 

There has been a lot of talk about the bullish divergence that has been occuring on BTCUSD and many top coins and I have participated in those discussions. But it is become clear to me that large triangles, whether they be continuation patterns or reversal patterns, will have the MACD start to drift towards the zero line. Which makes sense, it is a Moving...

This_Guhy Wizard

We just closed the hour with a long legged doji so lets see if this is accurate... We just saw the price of ETHUSD hit a new relative low and I think we will be stabilizing for the next short while. How long is still up in the air of course. We can see the with Event 1 the divergence built up for over three and a half days and Event 2 happened just over 2 days....

This_Guhy Wizard Updated 

Here is a quick example of why I like using the Hull MACD in conjunction with the normal MACD. Here we see clear divergence with the Hull MACD and the normal MACD going in opposite directions. This lets us know that this uptrend is weak to begin with. The price action for the time frame shows this, with prices having a fairly strong ceiling. It seems we lanced...

This_Guhy Wizard

Very serious times. We see the 1D normal MACD had one of the weakest bull crosses of all time a few days ago and we are already having a bearish cross. As far as my experience in crypto the recent bullish cross was the biggest deceptive signal I have received. Now, generally the MACD is better at telling you when to get OUT, as oppose to when to get IN, but...

This_Guhy Wizard Updated 

We have been in a falling wedge since the relative high on 5-5-2018 at about $820 and we have fallen quite a bit and now we are moving up. This micro rising wedge is a chance to break out of the macro falling wedge and so we have fractal/nested chart patterns. I hope the falling wedge is the controlling chart and we will see a breakout on the upside. Rising...

This_Guhy Wizard Updated 

I have already gone over price manipulation and tether and my belief that the high volume event that started this rally was a serious commitment to either propping up the price or starting a new uptrend. Here we see if there is enough commitment. We see that ETHUSD does a fairly good job of respecting overhead resistance when in a falling channel/wedge but a...

This_Guhy Wizard Updated 

This will be a long post but I hope worth the time. I hope this encourages a lot of similar posts from the community and if it encourages a post from you on another currency please refer to this post so I can read what you wrote on the matter. The big news to hit crypto was the recen paper out of the University of Texas at Austin "Is Bitcoin really Un-Tethered"...

This_Guhy Wizard

It looks really bad. We have a failed bullish cross on the 4h MACD and there is no commonly used timeframe that gives us any hope that prices will go back up. The Stocatic RSI is plummeting and the Hull MACD is about to have a bearish cross. The strongest indicator would be the Hull MACD actually having that bearish cross as well as the Stocastic RSI dropping...

This_Guhy Wizard Updated 

Sometimes while going through the charts I get a literal adrenaline dump, heart racing and the shakes when I see a chart set up. This is one of them. The 4H MACD circled in yellow is on its way to have a bullish cross "in the air" above zero after just crossing the zero line. We can see what happened in green when instead of crossing through the signal line it...

This_Guhy Wizard

This is almost exactly the same post as my BTCUDSD post for the day. An indicator that I like to use to help see through the noise is the Hull MACD, which is a difficult indicator to use because they are not a lot of resources on it. But generally a bearish cross is a bearish cross. I highlighted in yellow what the H-MACD looks like when you are moving through...

This_Guhy Wizard

This bounce has not had the legs that I had hoped in my last post on BTC about a possible incoming pump. That post has been beaten almost negated by strong overhead resistance. An indicator that I like to use to help see through the noise is the Hull MACD, which is a difficult indicator because they are not a lot of resources on it. But generally a bearish...