This_Guhy

This_Guhy Wizard Updated 

TLDR : Current price action around the $60.6k (1.618fib) target has put the $375k (2.618fib) target into play. Also the NVT is poised bullishly. Confirmation has not occurred for either so margin trading is for degenerates (like me) only. View the linked ideas for more information on the log harmonic XABCD butterfly, which is a very technical formation. ...

This_Guhy Wizard

TLDR: If we see the NASDAQ enter the Gaussian Channel or NDX/SPX enters the Gaussian Channel it is a time to start looking for long term investments. If you see something you like (and maybe that includes giving you dividends) you would buy the base of the keltner channel. Analysis I think Have done a good job of putting the information on the main chart in...

This_Guhy Wizard

The battle between gold and bitcoin as the true store of value continues and over the next couple of months to few years the bias appears to be in favor of gold. Gold has been taking a beating against bitcoin with a tough downward log resistance line since 2015. Gold has held its own well enough to go sideways from time to time but ultimately these...

This_Guhy Wizard

TLDR: We have at least another 40-50% downside if the pattern holds Introduction Bitcoin and crypto has some fierce bear markets that can really affect people's psychology. To that end I think it would be helpful to show people a general pattern I have noticed and have been using to help me do my personal battle planning. Two Simple Indicators The NVT...

This_Guhy Wizard

The monthly MACD has been a concern for a while given the fact that it looks like there is a high probability that it will cross the signal line shortly. Most strictly the MACD and signal line crossing means that price has moved sideways enough that the EMAs that make up the MACD have stabilized enough for the MACD to be where it was some 21 periods ago. That is...

This_Guhy Wizard

When it comes to charting and technical analysis in the modern era I think this might be one of the most important charts of all time. There is a decades long falling wedge structure that quite frankly began before I was born. Falling Wedges are normally very unreliable in reaching target but the longer term they are the more likely they are to make it to...

This_Guhy Wizard

Background On May 1 Bitcoin had shot up to the 1.618 extension of XA and stalled there for a while and I posted my first log butterfly idea, which will be in the lined idea below. I was one of the first and few people warning that this price action was at a major target and we should be expecting a retrace. As part of my disaster scenario and personal...

This_Guhy Wizard Updated 

Theta has finally broken its resistance and I see a lot of upside for the rest of the year, maybe into Q1 next year. I am looking to take profit at about $40 and if/when I see some consolidation patterns I will double up at major fib levels with some of the margin I create in the move. Quick look at technicals We are above the SMAs on this break out and the...

This_Guhy Wizard

I have been thinking about this idea for a while. There are lots of people that think that technical analysis doesn't work or it is "astrology for men" on one end of the spectrum to the other end where people say "if you show me the charts I can tell you the news." This is one of those moments in time where it seems to be closer to "if you show me the charts I...

This_Guhy Wizard Updated 

Greetings, Tezos has been consolidating around all time high (relatively speaking for crypto) in this cup and handle formation and it appears that the handle has taken the form of a falling wedge. This wedge is performing on the lower time frames and I suspect we will see the formation perform over the next couple of weeks. The most common stall target for...

This_Guhy Wizard Updated 

Greetings, We are waiting for a pretty simple confluence of indicators to resolve hopefully in the next week or so if not sooner. There is a lot of bullishness in the crypto market and rather than chance something that is already on the move I am looking to catch something before its next big move. What I am watching for is pretty simple... big moves end up...

This_Guhy Wizard

Greetings, This post is a sister post to my recent Total2 post which seems to be almost mindlessly bullish. That idea, combined with the bearishness I see in BTC.D, suggest that Alts are going to be outperforming to the upside in a big way. The first key structure is the black flagpole which is shown on the trendbased fib extension in black. The TA is pretty...

This_Guhy Wizard

This is another look at what I am calling "The Total2 trade" for alts. The I believe I see a fractal in Total2 which suggest an alt season could last more than a year. Blow By blow The light orange boxes show a multi-year consolidation on the altcoin market cap That consolidation lead to an initial break out into the blue boxes. In 2016 we consolidated...

This_Guhy Wizard Updated 

A new month and a new iteration of this system. I developed this volatility and volume based system to help me with the wider view of markets and to help me steady my hands when it is time to let your winners run and also help me cut my losers. It works for me on various time frames so long as I am patient and don't overthink things. I am not qualified to give...

This_Guhy Wizard Updated 

I have been watching this formation develop for what feels like a year now and it is slowly grinding its way through and it seems we are finally on the verge of having the performance begin Generally speaking, since the dotcom crash NDX has gone up faster than SPY and so that has made it the bet for people to "just by the index" to make their gains. But now with...

This_Guhy Wizard

It has become apparent that bitcoin is setting a lower high. With a move as impulsive as bitcoin experienced it is natural to look for an ABC correction after such a move. There are many ways that the price action and charts could develop but the ABC correction is one of the simplest and most fundamental moves that can exist in any analysts tool box and the nice...

This_Guhy Wizard Updated 

So far I see a breakout of this falling wedge structure and price action has returned to test the wedge. My stop loss is by the ray at 128 in case we have a W pattern and a lower low. I am looking for continuation to the upside. We see the price action has respected the fib retracement on this uptrend, stalling at the 0.5 level around 170. The path is...

This_Guhy Wizard Updated 

I see the potential for a very large move on Total2 based on the similarities I see between the current consolidation and the consolidation of late 2016 to 2017. I have an alert on the highest daily close shown in grey on the chart and I have been waiting patiently for that. My view on the alt coin market therefor will be very bullish if price takes out the...