This_Guhy

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...

This_Guhy Wizard

The idea is pretty straight forward. Some ideas are targeted at traders and others are targeted towards investors. This idea is targeted more towards investors than traders but it can be used by both. Bitcoin is a decentralized payment network while also being the name of the native currency of that network and the satoshi is the smallest unit of currency....

This_Guhy Wizard

I am taking this almost purely as a pure chart formation play. The Fib draw is from the bridge of the W and that was very effective in target setting ethusd last uptrend. The blue dotted trendline is where I would suspect price would stall and create some uncertainty in Dash just like it did with Eth. Of course, that may be aggressive and a look the W on btc...

This_Guhy Wizard

Pretty simple idea. TRXBTC on the left is in a developing inverse head and shoulders and price action recently tested the 200 week as support and is now primed to begin to move to target. My trade is going to be on TRXUSD. The chart has the key details and it is pretty simple and fundamental. My main thing still is leaving my damn trades alone enough. I have...

This_Guhy Wizard

Fundamentals Despite some confusion bitcoin is both a decentralized payment system and the name of the currency of the network. In contrast, SWIFT is a centralized payment system that has the dollar as its currency. Bitcoin's greatest value is when the currency is undervalued to the value of transactions it is running. That is when the system is the cheapest...

This_Guhy Wizard Updated 

TLDR Don't overthink things. Stock to flow gives you a average price to target, and triangles are easy to spot and trade for targeting. Until the ascending triangle continuation pattern (on a flagpole) is negated I remain bullish. Introduction One of the most important things I have picked up on my relatively short trading career (about 5 years) is to have...

This_Guhy Wizard Updated 

Time and time again I have been told to master the basics and when it comes to trading nothing is more basic than charting triangles. Likewise, few things are more basic than cloning a trendline used to measure the height or depth of a move and dragging it over to the breakout point of whatever structure you are looking at. Just a tiny bit more advanced for...

This_Guhy Wizard

The daily posters on Tradingview, Twitter, Coinbase and YouTube usually have a daily focus which is fine so long as it works for them. I am continuing to try and be a big picture guy and always zoom out or take a step back. And quite frankly, bitcoin is just consolidating in a channel at this point. I am likely to be more interested in bitcoin when I see it...

This_Guhy Wizard

It is always good to have a plan. Even better if you have a way to stick to it. Nasdaq has taken quite a beating and people who are worried about inflation, stagflation, recession and depression want to know what to do. Well, I can't give financial advice to others, but I can plan for myself. Gold hasn't moved a lot and that has some people concerned. I think...

This_Guhy Wizard Updated 

The main chart says a lot. My main additional comment would be that many crypto traders spend a lot of time looking at the log chart for some very good reasons. But from time to time it is useful to put things on the standard settings to see if we have missed anything. Every single point of the points I have detailed is very bearish by itself. Taken as a whole...

This_Guhy Wizard Updated 

Pretty simple conceptually. First is the fundamental charting on the Nasdaq futures. Without a doubt the blue support line did its job very well until if failed in spectacular manner. Basic charting will have analysts looking for this trendline to act as resistance. We have a lot of global instability between sanctions, rising interest rates, gold and silver...

This_Guhy Wizard Updated 

Total2 has been chopping sideways for two months and has gotten a tad boring. Individual coins have done some pump and dumps but the net market cap is sideways. In short order, and by that I mean in the next 2-4 weeks Total two will be at a decision point where it will begin to resolve itself bullishly or bearishly and I hope to be prepared either way. My main...

This_Guhy Wizard Updated 

This idea is not fancy. It is simple textbook chart formations such as flagpole targets and rising channels. Many people's first indicators that they learn are the MACD and the RSI. Next comes the use of divergences with the indicators and oscillators. This chart is basic enough to be in the introductory section of a trading textbook. While it is undeniable...

This_Guhy Wizard

Bitcoin has been pretty quiet over the last couple of months considered to its historic volatility and that means that analysis and content creators can either walk away when they, themselves, get disinterested; or we dig deeper into the charts, iterate different indicator systems we have developed and look to find signs we have got our bias correct or we need to...

This_Guhy Wizard Updated 

There are lots of different kinds of traders/investors out there and they are looking for different criteria when it comes to entering in a position. One thing that momentum traders will be looking for is for price to clear all of its moving averages. In most cases if you are including the 200 or higher daily SMAs you also include a lot of the weekly SMAs. To...

This_Guhy Wizard

Bitcoin has been boring the last couple of months and has roughly gone sideways in a rather long range for the last year. The price action has been sideways some of the longer term indicators have been priming and suggest that the next move is to the upside. The stock to flow model comes and goes in popularity with the volatility of bitcoin. When bitcoin is...

This_Guhy Wizard Updated 

This is a bit of a quickpost because the main thesis, that the S&P 500 is in a bear trap, seems pretty apparent from a charting approach. The price action to negate the theory is pretty simple as well, if price action gets back on that purple trend line and above the 2 fib level the bull trap is defeated. Instead I am going to look at some long term targeting...

This_Guhy Wizard

This is tagged as short due to the bearish patterns on the chart but it is kinda confusing because I am writing this to long silver A zoom out has help me get a more detailed look at the goldsilver ratio. What appeared to be random chop and a blow off top now appears to be a left shoulder and head. The C19 dump created a new all time high for the goldsilver...