This_Guhy

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...

This_Guhy Wizard Updated 

Falling wedges are generally very bullish structures that have targets at the hight of the wedge. If a falling wedge is on a flagpole then the target of the wedge is going to be a flagpole extension. But price often don't go straight up. Having price action retest lows is very normal. Having price action retest a trendline that was resistance and turn it into...

This_Guhy Wizard

KDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly...

This_Guhy Wizard Updated 

The formation is pretty obvious, and the target setting is pretty easy as well. This is alt-season and the end of a bear market. You can almost throw a dart at the board and make some gains. This trade is a layup. Linked ideas show general bullishness and reversals in the market.

This_Guhy Wizard Updated 

TLDR: Indicator similarities suggest a strong buy for accumulators. Introduction Price actions causes indicator action and so you can see patterns on indicators stemming from price action. As price action tightens you can see different indicators tighten as well. Most tightening actions on charts is formed by triangles or wedges and as this idea will show,...

This_Guhy Wizard Updated 

I am looking to find a entry on DAOUSDT to put on a fair amount of margin for this potential W pattern. Targeting is a simple fib draw from the swing high to the swing low price is currently putting in. The chart below shows the bullish divergence on the MACD histogram, and the RSI is tightening in a falling wedge with lots of potential for an upside move. A...

This_Guhy Wizard Updated 

Bitcoin was in a consolidation triangle and broke to the upside. There was a flagpole with falling wedge formation that broke down and now price is retested the triangle resistance this time as support. The simple target is the height of the consolidation triangle moved to the site of the breakout. I for one am looking at bitcoin as a weathervane for the...

This_Guhy Wizard

I have been listening and reading a lot of analysis and many bears are looking for more bad news. They expect more contagion from Three Arrows Capital, or from Celsius bankruptcy proceedings, another project to go bust like Luna, and quite frankly I think it doesn't matter. Trading and investing is a practical application of psychology, both individual and mass. ...

This_Guhy Wizard Updated 

Very simple idea. The arrows show where buying the S&P at the 200 weekly EMA or below was a fantastic buying opportunity with plenty of opportunities to accumulate or perhaps buy long term calls. The hammers show where it would have been beneficial for traders to either short outright or perhaps close their positions so they could buy back lower. A zoom in...

This_Guhy Wizard

There are a lot of trash analysts out there that claim that bitcoin has never closed a whole weekly candle body below the 200-week moving average and they are using that lie combined with the fact that bitcoin is now under the 200-week moving average to create fear, uncertainty and doubt. Other trash analysists hear the lie and repeat it without verifying for...

This_Guhy Wizard Updated 

TLDR: This and my linked post make a very strong case for limited downside, accumulation and reversal for the next several years. Don't get stupid with margin trading. Analysis I use the gaussian channel to find when an asset is undervalued for chosen time frame. Bitcoin has a history of going sideways under the gaussian channel and so far has never returned...

This_Guhy Wizard

TLDR: this is a companion post to my more detailed Bitcoin post today. In short: Both BTC and ETH are bullish for the next couple of years. I have been looking at this potential rising wedge on Ethereum for a while now (and there is one on bitcoin right now, see the linked post) and with price at wedge support the next move will be to the upside with a potential...

This_Guhy Wizard

This idea is pretty simple. During a powerful uptrend price can spike up before pulling back and going higher. If price action spikes back down into the previous spike up there is fair chance for a V recovery and higher highs. The price action was volatile on the way up and was volatile on the way down so the pattern suggests a volatile recovery to the...