This_Guhy

This_Guhy Wizard Updated 

Introduction The Bank of America Corporation is one of the most famous of Warren Buffets holdings. It is right behind Berkshire’s Apple holdings in size and it has only grown during the recent banking turmoil. This is while he is “dumping” other banks because of red flags in their financials. That is beginning to look like a bad decision based on the technical...

This_Guhy Wizard

Introduction Since the 2008 Financial Crisis NDX has been “the” trade for anyone looking for easy gains in equities. It has stomped out precious metals, emerging markets and the like. Even crypto powerhouses like Bitcoin and Ethereum are sideways against NDX since the 2018 crypto bear market and smaller alts have been clobbered against NDX in the most recent...

This_Guhy Wizard Updated 

Introduction I lost a lot of money when I began trading in 2018, and truth be told I have not made it all back yet. For years I blew up accounts not being able to recognize bull traps and properly set my stop losses (or take profits) and I engaged in a lot of capital destruction. As such I have spent a lot of time trying to make sure I don’t destroy more of my...

This_Guhy Wizard Updated 

Introduction I have been waiting for an OG coin alt season for over a year now. A lot of the top 10 or top 20 coins from 2015, 2017 and 2017 massively over performed compared to bitcoin and Ethereum and have had to go through an even longer cooling off period than those cryptos did. Monero has dropped to the 20s in coinmarketcap.com’s rankings and some of the...

This_Guhy Wizard Updated 

Introduction Ethereum's price action has been concerning for some time now.  Generally speaking the more something goes up the more of a cooling off period it needs and Ethereum has been over-performing a lot of the older crypto currencies for a while now.  At the same time it has shown quite a bit of resilience compared to the Other coins and how their W...

This_Guhy Wizard

Introduction The recent uptrend in equities has been called a “hated rally” by several financial news organizations (www.afr.com) and lots of people are “sitting on their hands” for this uptrend. That type of behavior seems ripe for people to try and sell the local high and buy lower down. The monthly ADX has remained very low. When the ADX goes from below 20...

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...