This_Guhy

This_Guhy Wizard Updated 

In the related idea I went over why I think IQ will be a great chance to go long on a company that will greatly outperform the market as a whole. If you want to read why I think IQ is a good fundamental bet please read it, as here I am just going over the TA. Please. The 4h chart has been predictive over IQ's short life. The CM_Ultimate has given us...

This_Guhy Wizard Updated 

I still have some very strong bearish tendencies but things are starting to look good for a new uptrend for the next several weeks to a month, such as we had in early April. If we get clearly above 800 we can talk about renaming this uptrend a bull run, and if we get above 1600 we can officially call the bull run. First the daily chart The most simple...

This_Guhy Wizard Updated 

Title basically says it all. We are in a triangle, price action is narrowing and day and swing traders need to decide where their biases are so they can let their winners run if they are right and cut their losses quickly if they are wrong. We have higher highs on the RSI and lower highs on the price action on the 45m time frame. The hidden divergence broke...

This_Guhy Wizard Updated 

It appears to me that for the last 3 days ETHUSD has roughly been moving sideways in this slightly downward channel and it is respecting the pitchfork channels pretty well. We see a strong tendency to the median line and the +/-1 standard deviation lines splitting the channel up. We are having a bearish cross MACD on the 45m timeframe (which was chosen for this...

This_Guhy Wizard Updated 

There has been a lot of conversation about BTCUSD and the Longs approaching a high level so I thought I would look at the short history of BTCUSD Longs on Bitfinex and see if there is anything we can glean. This isn’t a full academic study but my first impressions looking at the data. First a note about these ranges. You cannot anchor them so as you adjust the...

This_Guhy Wizard Updated 

We clearly see a rising wedge developing on ETHUSD and it is my hope that we break down sooner as oppose to later. We are already grinding against support and the MACD certainly makes it look like we could break through any second. But, since this is a rising wedge we could easily see a pump up. If you have a stop between the two resistance lines and we do pump...

This_Guhy Wizard Updated 

Technically Most people don't use the Hull MACD and it is an interesting creature. The convergence here is very strong and I think predicts a full reversal in the downtrend in price. We see that IQ has been mostly flat over the last 4-6 days visually (not percent-wise) and the Hull MACD just reinforces the fact we have found a local bottom. SHortly I expect we...

This_Guhy Wizard Updated 

First things first will be why we are going to see ETHUSD going short for the next month or so and that prediction is based off the hidden divergence off the Hull MACD signal line compared to the price action, RSI, and normal MACD (I have been mentioning that in my last post for BTCUSD as well). Normally I like to see the bearish divergence build up for a bit...

This_Guhy Wizard Updated 

Amazing. Just look at this huge wick and imagine being in short with a stop loss and having your stop triggered right before this dumps. Also imagine seeing the tightening prices and having a buy stop to take you in when the price rises to a certain level. Next thing you know you are taken in on this wick and it dumps. Below is a 5m timeframe for a zoomed in...

This_Guhy Wizard Updated 

There have been a lot of calls that this is a suckers rally and I think we are seeing the fallout right before our eyes. The burn off will take us to a new low and we might see that full capitulation that the bears have been predicting. The Hull MACD is a great way to get a feel for what is going on but it does have its idiosyncrasies. But right now the...

This_Guhy Wizard Updated 

The 2D chart is pretty non-standard, but in these troubling times for BTCUSD and ETHUSD being rather bearish picking a coin to go long on requires, for me, some extra confidence. And we see that the 2D MACD bullish cross has been really predictive of 90-400% gains over the last year, and I want me some of that. To help confirm the uptrend we see hidden bullish...

This_Guhy Wizard

There are some annoying similarities and differences between this uptrend and the last one from April. Leading up to April we were in a very clear falling wedge pattern and we came out of it very impulsively into a series of rising wedges, nested within one another. This time the downward pattern is almost in between a downward channel with a very slight wedge. ...

This_Guhy Wizard Updated 

The pump across almost all coins yesterday was a pleasant surprise for those that are hoping for a recovery but there are some serious technical barriers that give me pause. First, for ETHUSD we see this pump did not get us to the either the overhead resistance in red, and didn't come anywhere close to the log resistance line in blue. A look at BTCUSD will see...

This_Guhy Wizard Updated 

There has been a lot of talk about the bullish divergence that has been occuring on BTCUSD and many top coins and I have participated in those discussions. But it is become clear to me that large triangles, whether they be continuation patterns or reversal patterns, will have the MACD start to drift towards the zero line. Which makes sense, it is a Moving...

This_Guhy Wizard

We just closed the hour with a long legged doji so lets see if this is accurate... We just saw the price of ETHUSD hit a new relative low and I think we will be stabilizing for the next short while. How long is still up in the air of course. We can see the with Event 1 the divergence built up for over three and a half days and Event 2 happened just over 2 days....

This_Guhy Wizard Updated 

Here is a quick example of why I like using the Hull MACD in conjunction with the normal MACD. Here we see clear divergence with the Hull MACD and the normal MACD going in opposite directions. This lets us know that this uptrend is weak to begin with. The price action for the time frame shows this, with prices having a fairly strong ceiling. It seems we lanced...

This_Guhy Wizard

Very serious times. We see the 1D normal MACD had one of the weakest bull crosses of all time a few days ago and we are already having a bearish cross. As far as my experience in crypto the recent bullish cross was the biggest deceptive signal I have received. Now, generally the MACD is better at telling you when to get OUT, as oppose to when to get IN, but...

This_Guhy Wizard Updated 

We have been in a falling wedge since the relative high on 5-5-2018 at about $820 and we have fallen quite a bit and now we are moving up. This micro rising wedge is a chance to break out of the macro falling wedge and so we have fractal/nested chart patterns. I hope the falling wedge is the controlling chart and we will see a breakout on the upside. Rising...