This_Guhy

This_Guhy Wizard

Not much to say. Kinda wrung out. This was a rather painful sell off and it happened right at the trend line which has played a significant role in price action for almost a year. I was hoping to see it flip one more to support as we did last September and November and I was expecting a lot of thrash until it became clear that the trendline was established. ...

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This is a simple support and resistance play on Dash with the basic adage: the trend is your friend into the end. We have a 50 day uptrend and a three week consolidation so far within this triangle. That means we have support and resistance trades that really don't require that much overthinking. I am long at the triangle support with a stop loss as shown in the...

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Dash has been one of my favorite projects for a while. Right now it appears to be in a multi month long rising wedge that I suspect will break to the upside. But first it has to get off the wedge support and it appears to be doing such with an inverse head and shoulders centered at the 0.0050 level. The support of the wedge is in part defined by the head and...

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As always, a micro formation isn't going to have the same reliability as a formation that took over a month to form. Key things would be that this formation is lower than the $50,500 high set on August 23rd and it is forming on top of the trendline from BTCUSD all time high to the $50,500 high. Even though this high is just $50 lower it is a lower high. This is...

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Introduction Bitcoin is in a very confusing time right now. There are lots of bullish sentiment happening with bitcoin but technically it is looking like the bullishness is beginning to fade and the price action is beginning to look bearish. Whether this is the first sell off or bear trap and price resumes higher in a macro trend remains to be seen. This idea...

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Introduction Out of all the top coins since 2017 to right now BNB had one of the best bull runs. Therefore, if it is setting a bull trap I take that that is pretty scary and a bad indicator for the broader market. Analysis I consider hidden bearish divergence to be the bulltrap signal and as I look at the charts it is very visible on the RSI. So that gives...

This_Guhy Wizard

This is basically a quickpost. The blue anchors show where both BNB and Sol have the fib log channels swing lows and a swing high point to define the fib log channel. Sol just closed at the op of the fib log channel 2 line. That is a very significant long term target after popping up out of a rising wedge. By my estimation most of the profits have already been...

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Volume is used to confirm our biases on chart patterns and trends and lots of studies are done on how different chart formations are confirmed with volume. Likewise when looking for a breakout people often look at the volume to consider if it will be maintained or if a chance of throwback is likely. Generally people look at volume by time and the OBV does that...

This_Guhy Wizard

Intro Greetings. The bitcoin price has gone up and met some profit taking at $50k and now it remains to be seen if that was a bull trap high or perhaps will price retrace to areas of support before talking off. [How Bitcion can go down bullishly The two main things I will be looking for over the next couple of days is for BTC to fing support within the...

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This will be a quick post and if you want to read the textbook page on entry on BARR Bottoms it will be in the link at the bottom of the post. Key point, this is a very micro structure as on the daily time frame they are suppse to take about 35 days. In general, the lower time frame the lower the reliability. I am already levered into DASH in a x3 and a 10x...

This_Guhy Wizard

Introduction I have been a fan of the market structure on DASHUSD for a while now and I think it is poised to surprise a lot of people considering its fall in rankings on CoinmarketCap from the last bull market highs. In order to help me figure out where I should be exiting my DASHUSD/T trades I am going to be using the similarities I perceive in the DASHBTC...

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This idea is pretty straight forward. The hash ribbon traditionally have been a great indicator of when to buy, aside from what the hash ribbon means for the network. But the hash ribbon is not a sign to get silly with margin nor is it a signal that the price will not set another low. The Covid 19 dump and the bear market of 2015 show that prices can get...

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There is a lot of power in having the moving averages sorted out either fully bullishly or fully bearishly for people that like to have some confirmation that a prolonged move is coming. During consolidation periods EMAs and SMAs are often not in full agreement because they move at different speeds and people hoping to go long early on the EMA signals may miss...

This_Guhy Wizard

ADA has shown a lot of relative strength against almost all the top 20 coins and continues to do so against the dollar. The main chart shows quite a bit A macro zone that acted as resistance prior to all time high then set up resistance for the capitualion in the middle of May. A micro zone that acted as resistance around 1.9. THis local high was follwed...

This_Guhy Wizard

Introduction The ETHBTC chart is of special interest because eth and BTC are broadly highly correlated with some key distinctions. A main distinction is usually BTCUSD peaks first and then ETHUSD peaks second so when you see ETH really begin to the upside while BTC is moving sideways or is rangebound it is time to tunnel into the several charts (ETHBTC, ETHUSD...

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ADA has had an extraordinarily good last 5 days and we are going into the weekend before the weekly candle closes so a lot of the observations on the chart are still pending. This post is just another iteration of my volatility and momentum system that I have developed over the last couple of years. Just grinding what works for me. The Thumbs up are what has...

This_Guhy Wizard

The price action on Ethereum has clarified quite a bit over the last couple of weeks as have the crypto market generally. Just a few period ago the price action was below both spans of the ichimoku cloud (crypto settings) with a whole red candle body and below the MACD EMAs with most of a red candle body after a MACD-Signal cross. Generally that is very bearish....

This_Guhy Wizard

I have been watching for ETH to flip bearish on the monthly time frame with the same system that shows BTC has flipped bearish and my expectations were not met. For most of July ETH was below the MTF VSTOP and my expectation was that ETH would close below $2,140 which would have flipped the VSTOP and MTF VSTOP to bearish. Instead buyers stepped up in a big way...