This_Guhy

This_Guhy Wizard

Seems I might be having my draft post taken from me as I write this because I was going to be using the 4 hour charts to explain why I was still bullish and I see the price pump right before my eyes. But the fundamentals regarding hidden bullish and bearish divergence remain the same. We see the hidden bullish divergence in blue and the bearish divergence in...

This_Guhy Wizard

This post is a bit experimental with a concept I am still developing. Looking for feedback on if it is insanely foolish or inspired. We had a slight correction from our most recent upswing and things are looking more like they are ready for take off. I was looking at the charts and am always pleased when I am going long to see the lows of the MACD and RSI...

This_Guhy Wizard Updated 

Depending on who you talk to the time frame for swing trading is generally entering a position for a few days to a few weeks and investing is anything longer than a quarter (at the lower end). Here we have established a higher low on the swing trade level over the last seven days. With this RSI bounce and a higher low you can basically any point within the next...

This_Guhy Wizard Updated 

I was expecting a lot more sideways action to take place before ETH takes off but it seems overnight (for my time zone) we have formed a very nice ascending triangle on ETHUSD. Due to the early nature of this bull run you could basically enter any place you want if you want to be in for the rest of the year. But if you just have to day trade (and I have bit of...

This_Guhy Wizard Updated 

One of the most fundamental ways to spot reversals is MACD/RSI and price action divergence, and the higher the timeframe we see the divergence the more severe the reversal will be. First see bearish divergence begin on late November, first only on the RSI but by early December the divergence is visible on the MACD. That pops and we begin the bear market. We see...

This_Guhy Wizard Updated 

One of the most fundamental ways to spot reversals is MACD/RSI and price action divergence, and the higher the timeframe we see the divergence the more severe the reversal will be. Also, the higher the volume of the exchange the better reading we get and so the best way to see this divergence on Tradingview is on ETHUSDT on Binnnace. But, if you follow ETHUSD...

This_Guhy Wizard Updated 

Here we have the last bubble pop of ETH going into the present bubble pop. I can have a general habit of over managing my trades (and I am sure I am not a lone) so I am creating a big picture to help me know when to exit my (so far) highly profitable short. And I am hoping to use one of the simplest of tools, MACD and price action divergence. I decided to strip...

This_Guhy Wizard

The Hull MACD is an interesting creation. Like the Hull moving average it is extraordinarily responsive compared to other moving averages but discerning the movements can take a lot of time (and cost you a lot of money). I find that the H-MACD is a lot better at predicting when you should get out as opposed to when you should get ( Recall Bernard Baruch’s quote...

This_Guhy Wizard

Here we see two rising wedge patterns, the red one is already completed and the orange has yet to break down. Both were preceded by a sharp drop in price and a swift bounce up. Both had bearish divergence on the RSI and the MACD. In both cases bulls were not able to keep a rising channel open, which is why the wedge develops and the price action breaks down.

This_Guhy Wizard

We have some clear price and RSI/MACD divergence on the 15m, 30m, and now (faintly) on the hour timeframes. It is best viewed on either the 15 or 30m. Due to the nature of this market I am not willing to predict an immediate (1-2h) full retracement but we should see the majority of this formation gone. Keeping in the back of our head we are under the death...

This_Guhy Wizard

Most inverted head and shoulders predictions and forecasts of XBT have been focused on the early February dip as the head. Ideally, this would be a fractacal occurrence and we would see an inverted head and shoulders developing as shown. This is much more positive than some of the doom and gloom I have been reading about XBT going lower.

This_Guhy Wizard

The Hull MACD is simply a MACD made out of Hull moving averages. As such it is low lag indicator and generally is more useful in telling you went to exit a long position than it is in telling you when to get back in (I like to use the normal MACD for that). When you combine the two together you can intuit quite a bit of information. In general, the normal MACD...

This_Guhy Wizard

We see a classic head and shoulders pattern forming on XMR with a neckline of 260 and shoulders at 330. Normally a Head and Shoulders predicts a drop in height equal from the top of the head to the neckline, and we see that is at 140, which would not only erase the last months of gains, it would take us back to the values we saw in mid-november. The trendline...