gumbyguy

gumbyguy

ETH has had a great run since the $90 low in March 2020. But as we approach $200 it seems to be losing steam a bit and may be due for a correction. I don't like calling tops or fighting trends but there is some compelling evidence to indicate that $195 is a good short opportunity. The RSI on 12HR has clearly triple topped and price has been consistently dragging...

gumbyguy

$ETH is busting out of an 18-day ascending triangle: a bottom reversal pattern after a 174-day drawdown. From Dec 2018 - May 2019, after a yearlong bear market, we saw a larger, similar ascending triangle bottom play out, which kicked off a 125% run up to $350 in June 2019. This current ascending triangle is much smaller and shorter in duration, but seems...

gumbyguy

$AE Aeternity is quietly bouncing off of a double-bottom on the 1- and 3-day candlestick closes. The prudent thing to do is wait for the daily candle to close and await more confirmation. However since many alts in $BTC pairings are painting possible bottom reversal patterns this seems like a valid risk to take now. It also aligns with the apex of a falling wedge....

gumbyguy

Walmart is a strong stock that has painted fresh ATH's in the past couple weeks. However, this recent price action has shown considerable weakness: lowered volume, bearish RSI divergences, and an inability to strongly breakout much higher. It seems to be sputtering and in danger of turning over in a rounded top fashion. Candlesticks and wicks on the daily, weekly,...

gumbyguy Updated 

ANT/BTC has been in a ranging accumulation period since roughly mid-August. After decreasing volume during the 4-month downtrend, volume is picking up a bit during this accumulation period. We saw 4 Bottoms at 10k sats: Double bottom on 11/2/2017 and 12/08/2017 -- with bullish RSI divergence Double bottom on 9/12/2018 and 10/20/2018 -- with bullish RSI...

gumbyguy Updated 

2 Month Downtrend After 3 months (March-June) of chop, WTC/BTC has now been in a 2 month downtrend. Quick Falling Wedge Play This downwards channel has had one previous falling wedge pattern, with a quick breakout resulting in ~25% profit. We are now at the convergence point of another falling wedge pattern and we see an opportunity to buy here at the support...

gumbyguy Updated 

EOS has been forming a rough 3-month falling wedge and currently is curling down from the upper trend line resistance at 0.00105. However, it is very close to the convergence point of the resistance and support lines, so we could see a violent upward reversal. Also, there appears to be bullish divergence on the RSI, hinting at a move upwards. My strategy : I...

gumbyguy Updated 

Counterparty (XCP) is one of the older cryptos that has been around since 2014 and it has survived through many market cycles. The prevailing notion is that XCP is at long-term years long support and should go up from here. However XCP has struggled to rally from these "guaranteed bottoms" and faces significant resistance above current levels. I see a possible...

gumbyguy

Measuring each subsequent lower high on VEN's recent freefall reveals to us that the descent is getting increasingly steeper. If you feel like trying to catch a knife, treat this as a bounce play and sell for 10-20%