This_Guhy

This_Guhy Wizard

The daily posters on Tradingview, Twitter, Coinbase and YouTube usually have a daily focus which is fine so long as it works for them. I am continuing to try and be a big picture guy and always zoom out or take a step back. And quite frankly, bitcoin is just consolidating in a channel at this point. I am likely to be more interested in bitcoin when I see it...

This_Guhy Wizard

It is always good to have a plan. Even better if you have a way to stick to it. Nasdaq has taken quite a beating and people who are worried about inflation, stagflation, recession and depression want to know what to do. Well, I can't give financial advice to others, but I can plan for myself. Gold hasn't moved a lot and that has some people concerned. I think...

This_Guhy Wizard Updated 

The main chart says a lot. My main additional comment would be that many crypto traders spend a lot of time looking at the log chart for some very good reasons. But from time to time it is useful to put things on the standard settings to see if we have missed anything. Every single point of the points I have detailed is very bearish by itself. Taken as a whole...

This_Guhy Wizard Updated 

Pretty simple conceptually. First is the fundamental charting on the Nasdaq futures. Without a doubt the blue support line did its job very well until if failed in spectacular manner. Basic charting will have analysts looking for this trendline to act as resistance. We have a lot of global instability between sanctions, rising interest rates, gold and silver...

This_Guhy Wizard Updated 

Total2 has been chopping sideways for two months and has gotten a tad boring. Individual coins have done some pump and dumps but the net market cap is sideways. In short order, and by that I mean in the next 2-4 weeks Total two will be at a decision point where it will begin to resolve itself bullishly or bearishly and I hope to be prepared either way. My main...

This_Guhy Wizard Updated 

This idea is not fancy. It is simple textbook chart formations such as flagpole targets and rising channels. Many people's first indicators that they learn are the MACD and the RSI. Next comes the use of divergences with the indicators and oscillators. This chart is basic enough to be in the introductory section of a trading textbook. While it is undeniable...

This_Guhy Wizard

Bitcoin has been pretty quiet over the last couple of months considered to its historic volatility and that means that analysis and content creators can either walk away when they, themselves, get disinterested; or we dig deeper into the charts, iterate different indicator systems we have developed and look to find signs we have got our bias correct or we need to...

This_Guhy Wizard Updated 

There are lots of different kinds of traders/investors out there and they are looking for different criteria when it comes to entering in a position. One thing that momentum traders will be looking for is for price to clear all of its moving averages. In most cases if you are including the 200 or higher daily SMAs you also include a lot of the weekly SMAs. To...

This_Guhy Wizard

Bitcoin has been boring the last couple of months and has roughly gone sideways in a rather long range for the last year. The price action has been sideways some of the longer term indicators have been priming and suggest that the next move is to the upside. The stock to flow model comes and goes in popularity with the volatility of bitcoin. When bitcoin is...

This_Guhy Wizard Updated 

This is a bit of a quickpost because the main thesis, that the S&P 500 is in a bear trap, seems pretty apparent from a charting approach. The price action to negate the theory is pretty simple as well, if price action gets back on that purple trend line and above the 2 fib level the bull trap is defeated. Instead I am going to look at some long term targeting...

This_Guhy Wizard

This is tagged as short due to the bearish patterns on the chart but it is kinda confusing because I am writing this to long silver A zoom out has help me get a more detailed look at the goldsilver ratio. What appeared to be random chop and a blow off top now appears to be a left shoulder and head. The C19 dump created a new all time high for the goldsilver...

This_Guhy Wizard Updated 

TLDR : Current price action around the $60.6k (1.618fib) target has put the $375k (2.618fib) target into play. Also the NVT is poised bullishly. Confirmation has not occurred for either so margin trading is for degenerates (like me) only. View the linked ideas for more information on the log harmonic XABCD butterfly, which is a very technical formation. ...

This_Guhy Wizard

TLDR: If we see the NASDAQ enter the Gaussian Channel or NDX/SPX enters the Gaussian Channel it is a time to start looking for long term investments. If you see something you like (and maybe that includes giving you dividends) you would buy the base of the keltner channel. Analysis I think Have done a good job of putting the information on the main chart in...

This_Guhy Wizard

The battle between gold and bitcoin as the true store of value continues and over the next couple of months to few years the bias appears to be in favor of gold. Gold has been taking a beating against bitcoin with a tough downward log resistance line since 2015. Gold has held its own well enough to go sideways from time to time but ultimately these...

This_Guhy Wizard

TLDR: We have at least another 40-50% downside if the pattern holds Introduction Bitcoin and crypto has some fierce bear markets that can really affect people's psychology. To that end I think it would be helpful to show people a general pattern I have noticed and have been using to help me do my personal battle planning. Two Simple Indicators The NVT...

This_Guhy Wizard

The monthly MACD has been a concern for a while given the fact that it looks like there is a high probability that it will cross the signal line shortly. Most strictly the MACD and signal line crossing means that price has moved sideways enough that the EMAs that make up the MACD have stabilized enough for the MACD to be where it was some 21 periods ago. That is...

This_Guhy Wizard

When it comes to charting and technical analysis in the modern era I think this might be one of the most important charts of all time. There is a decades long falling wedge structure that quite frankly began before I was born. Falling Wedges are normally very unreliable in reaching target but the longer term they are the more likely they are to make it to...

This_Guhy Wizard

Background On May 1 Bitcoin had shot up to the 1.618 extension of XA and stalled there for a while and I posted my first log butterfly idea, which will be in the lined idea below. I was one of the first and few people warning that this price action was at a major target and we should be expecting a retrace. As part of my disaster scenario and personal...