This_Guhy

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...

This_Guhy Wizard Updated 

I have already gone over price manipulation and tether and my belief that the high volume event that started this rally was a serious commitment to either propping up the price or starting a new uptrend. Here we see if there is enough commitment. We see that ETHUSD does a fairly good job of respecting overhead resistance when in a falling channel/wedge but a...

This_Guhy Wizard Updated 

This will be a long post but I hope worth the time. I hope this encourages a lot of similar posts from the community and if it encourages a post from you on another currency please refer to this post so I can read what you wrote on the matter. The big news to hit crypto was the recen paper out of the University of Texas at Austin "Is Bitcoin really Un-Tethered"...

This_Guhy Wizard

It looks really bad. We have a failed bullish cross on the 4h MACD and there is no commonly used timeframe that gives us any hope that prices will go back up. The Stocatic RSI is plummeting and the Hull MACD is about to have a bearish cross. The strongest indicator would be the Hull MACD actually having that bearish cross as well as the Stocastic RSI dropping...

This_Guhy Wizard Updated 

Sometimes while going through the charts I get a literal adrenaline dump, heart racing and the shakes when I see a chart set up. This is one of them. The 4H MACD circled in yellow is on its way to have a bullish cross "in the air" above zero after just crossing the zero line. We can see what happened in green when instead of crossing through the signal line it...

This_Guhy Wizard

This is almost exactly the same post as my BTCUDSD post for the day. An indicator that I like to use to help see through the noise is the Hull MACD, which is a difficult indicator to use because they are not a lot of resources on it. But generally a bearish cross is a bearish cross. I highlighted in yellow what the H-MACD looks like when you are moving through...

This_Guhy Wizard

This bounce has not had the legs that I had hoped in my last post on BTC about a possible incoming pump. That post has been beaten almost negated by strong overhead resistance. An indicator that I like to use to help see through the noise is the Hull MACD, which is a difficult indicator because they are not a lot of resources on it. But generally a bearish...

This_Guhy Wizard

Seems I might be having my draft post taken from me as I write this because I was going to be using the 4 hour charts to explain why I was still bullish and I see the price pump right before my eyes. But the fundamentals regarding hidden bullish and bearish divergence remain the same. We see the hidden bullish divergence in blue and the bearish divergence in...

This_Guhy Wizard

This post is a bit experimental with a concept I am still developing. Looking for feedback on if it is insanely foolish or inspired. We had a slight correction from our most recent upswing and things are looking more like they are ready for take off. I was looking at the charts and am always pleased when I am going long to see the lows of the MACD and RSI...

This_Guhy Wizard Updated 

Depending on who you talk to the time frame for swing trading is generally entering a position for a few days to a few weeks and investing is anything longer than a quarter (at the lower end). Here we have established a higher low on the swing trade level over the last seven days. With this RSI bounce and a higher low you can basically any point within the next...

This_Guhy Wizard Updated 

I was expecting a lot more sideways action to take place before ETH takes off but it seems overnight (for my time zone) we have formed a very nice ascending triangle on ETHUSD. Due to the early nature of this bull run you could basically enter any place you want if you want to be in for the rest of the year. But if you just have to day trade (and I have bit of...

This_Guhy Wizard Updated 

One of the most fundamental ways to spot reversals is MACD/RSI and price action divergence, and the higher the timeframe we see the divergence the more severe the reversal will be. First see bearish divergence begin on late November, first only on the RSI but by early December the divergence is visible on the MACD. That pops and we begin the bear market. We see...

This_Guhy Wizard Updated 

One of the most fundamental ways to spot reversals is MACD/RSI and price action divergence, and the higher the timeframe we see the divergence the more severe the reversal will be. Also, the higher the volume of the exchange the better reading we get and so the best way to see this divergence on Tradingview is on ETHUSDT on Binnnace. But, if you follow ETHUSD...

This_Guhy Wizard Updated 

Here we have the last bubble pop of ETH going into the present bubble pop. I can have a general habit of over managing my trades (and I am sure I am not a lone) so I am creating a big picture to help me know when to exit my (so far) highly profitable short. And I am hoping to use one of the simplest of tools, MACD and price action divergence. I decided to strip...

This_Guhy Wizard

The Hull MACD is an interesting creation. Like the Hull moving average it is extraordinarily responsive compared to other moving averages but discerning the movements can take a lot of time (and cost you a lot of money). I find that the H-MACD is a lot better at predicting when you should get out as opposed to when you should get ( Recall Bernard Baruch’s quote...

This_Guhy Wizard

Here we see two rising wedge patterns, the red one is already completed and the orange has yet to break down. Both were preceded by a sharp drop in price and a swift bounce up. Both had bearish divergence on the RSI and the MACD. In both cases bulls were not able to keep a rising channel open, which is why the wedge develops and the price action breaks down.

This_Guhy Wizard

We have some clear price and RSI/MACD divergence on the 15m, 30m, and now (faintly) on the hour timeframes. It is best viewed on either the 15 or 30m. Due to the nature of this market I am not willing to predict an immediate (1-2h) full retracement but we should see the majority of this formation gone. Keeping in the back of our head we are under the death...