This_Guhy

This_Guhy Wizard Updated 

Introduction I am biased short for the Ethereum ecosystem as a whole due to all the efforts made to have the system run more efficiently and at a lower cost. Price action will work its way down initially and severely before eth benefits again from the "adoption" trade. A similar concept is water purification. Imagine water is very expensive to obtain and make...

This_Guhy Wizard Updated 

There is a lot of bullishness in the XMR chart despite everything that is going along globally with politics and economics. For a long time I have watched XMR with the assumption that it may be forming a massive double top but so far that has not materialized A zoom in onto the handle shows a clear falling wedge which has a bullish bias. There is a double...

This_Guhy Wizard Updated 

Introduction It seems like every year some crypto absolutely explode upwards the first 10 days or so of the year and many of them get slapped back to the ground and even end up lower than their starting points while others just seem to continually moon. Those cryptos grab a lot of attention for the whole market and they end up being one of the momentum trades...

This_Guhy Wizard Updated 

Introduction Bitcoin has shown a lot of strength since I called the end of the bear market mid January. That was somewhat of an audacious call but so far it has played out in my favor. Nothing goes straight up and it seems that the time for bitcoin to have its first major pull back is upon us. This is also my first post after being designated a “wizard” so I...

This_Guhy Wizard Updated 

Purely a charting play with fib extensions. Sometimes that is all you need. I have a stop in there on XRPUSD that I hope to leave alone for a year or so before I take some profit. It would be nice if we had a 500% month in XRP but that is wishful thinking. XPRUSD went into this triangle with an uptrend so the supposition is the uptrend will continue. XRPBTC...

This_Guhy Wizard Updated 

KDA is up around 9% as of this writing and I think this move as a lot more to go. There is some resistance to cleared on the way up, as always, but ultimately I see a big multi-month move to $4.7. A couple of months ago price action finally broke out of the green "falling wedge" and did a whole lot of sideways as strong hand accumulated. I use quotes for...

This_Guhy Wizard Updated 

TLDR: If you want to invest long term buy the dip the time is upon you. I think we bounce off the upward slopping trendline but if we don't I just consider it time to Dollar Cost Average. There may be lower prices but the time to start seriously looking is here. Introduction I am not a big pivot trader but during times of relative quiet in the market I...

This_Guhy Wizard

TLDR: Dollar go down: crypto go up. Introduction This is a pretty simple fundamental idea. The top chart has about five years of dollar price action on the daily chart with just the 50 and 200 Simple Moving averages. The pattern is pretty clear: Dollar go down and bitcoin go up. While Bitcoin is topping Total3, goes crazy. I decided to put total 3 in terms...

This_Guhy Wizard Updated 

TLDR: Fully a chart play entry and target setting. Sometimes it is just that easy to get a 17 RRR. CEXs have been a major problem in cryptos history for price stability due to various reasons. One thing that has become apparent is their financial management of your funds cannot be certain and the case is very clear that if you think you are in a bear market...

This_Guhy Wizard

Solana has finally reached the target I identified back in July by looking at Ethereum's structure from 2016 to 2019 and using a simple Elliot Wave ABC correction. This bottom is at the lower end of the green box like I suspected it would be and we also have the RSI for Solana dipping below 30 by a fingernail to hit 29.8. This is the lowest the RSI has been for...

This_Guhy Wizard Updated 

TLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower...

This_Guhy Wizard Updated 

TLDR: I waited over 4 months for the trade to get to the point I would put a short on. The next move is to short to the buybox. See the linked idea for more context Introduction I have spent a lot of time looking at blow off tops and parabolic moves over the last 450 ideas and 5 years with the goal of being able to benefit from these natual phenomenon of mass...

This_Guhy Wizard

TLDR On Balance Volume 10 and 20 SMA Rossing bullish below the 100 SMA is mega bullish, the Stoch RSI above 80 confirms momentum is shifting. In the idea text ADX also looks hella bullish. Impulse to $41-50k very likely next couple of months before stall. Introduction I got my start trying to swing trade on 2018 on bitcoin. Before then I was pretty lucky at...

This_Guhy Wizard

TLDLR: Weekly and monthly sellers likely exhausted. I am holding or opening longs. The TD sequential is a nifty indicator that helps you know when a sell off has gone on long enough for a particular time frame. Getting a bearish 9 is a fair sign of exhaustion. The Nasdaq having a weekly and monthly 9 flashing currently is a sign I take very seriously that...

This_Guhy Wizard

TLDR Every time the chart has looked like this bitcoin has had a powerful move to the upside. The easy bet is price will go to the upper limit of the monthly bollingerband before "deciding" if it wans to go higher. Analysis The Bollinger bands are a marvelous indicator that helps predict where price action can ranged based off of statistics depending on your...

This_Guhy Wizard

TL:DR: The Bear market inflection is NEAR, it has not occurred. More time to accumulate (or get wrecked using margin). QRD: Bottoming structure not yet clear, OBV 10 has not bullishly crossed the 20 below 100 yet. Price still below blue resistance line. NVT shows bear market inflection, as does the Hash Ribbon. Inflection score is 2/6. Introduction There...

This_Guhy Wizard Updated 

I have color coded where I see the similarities in Solana's current price action and Ethereum's historic price action from the previous bull run. I think the patterns and seminaries are pretty clear and while I see a lot of upside potential for Solana in the long run and I see lots of coins staged to begin their uptrends now I see one more leg down for solana. I...

This_Guhy Wizard Updated 

I have been in a position of KDA for a while now but the break out of this triangle consolidation has just begun. IF price reaches the red ray, I get liquidated on this trade. I see lots of upside for Kadena and my ultimate target is around $600 as shown by the draw below. In my analysis KDA is more bullish overall than SOL and if SOL can go from less than $2...