aledelga

aledelga

Using a fib fan connecting the 2 major timepoints of a breakout above $800 that held in Early January 2021 and the >$4,800 high price we saw in November of 2021 we can see strength being found at the 0.50 retracement level. We can see the .25 and .382 levels acted as support before giving out causing a step down the ladder. If we find support at the 0.50 level...

aledelga

If SOL does what we it did back in early August we could see prices >$600 by EOY. Similar patter developing after an ATH, dip below 90MA and then a steady rise back up to ATHs only to enter into price discovery.

aledelga Updated 

I missed a huge run a few months ago and have learned from my mistakes. Long term down pressure seemingly snapped, expecting some more selling pressure before the bullish buying takes over breaking into a large cup & handle that should bring us back to ATH in fall/winter 2021. COINBASE:FILUSD

aledelga

Market cycle is about to restart, consolidation and accumulation has been consistent for several months now and it looks ready to burst out of this wedge soon. Lets look for more volume but this could be a great relatively safe play

aledelga

Back to the basics with this one. RSI and MACD are forming bullish indicators. Price is consolidating nicely and should continue to test the upper resistance. If it breaks through I'm looking for big retracements. We've seen similar huge leaps in price so here's to hoping history will repeat itself. I'll keep updating as we move along. *Delgado*

aledelga Updated 

Lets take a look at the horrendous chart that is ETH/BTC First thing we notice is the testing of the .5 Fib fan, from here we begin to look at other indicators to understand if we should play a break up or a break down in the price action. Unfortunatley with a high RSI and miserable volume, I'm expecting us to breakdown and re-test the lower Fib fans of .382...

aledelga Updated 

I'll be updating this post with more indicators as to why I'm bullish on Harmonics from a technical standpoint (MACD, EMA, Fib Retracement, Volume, etc...) But on this first chart we see we not only have a very strong MACD but we also have huge upside on the Fib Retracement. When I look to pick my new plays I typically look for EMA 50 crossing above the EMA 9 and...

aledelga Updated 

When trading alts we all know the one and only goal is to outperform its pair. Here we see METAL with solid support, bouncing the lows higher and higher up. Even with significant sell pressure keeping prices down, we can hope that the consolidation of the two resistances will provide a breakthrough for the bulls. If we see the breakout push METAL back to .382 ...

aledelga Updated 

Found myself looking around for some side plays with the stock markets rallying today all while cryptos are facing some uncertainty. I'm also keeping my fingers crossed for UofL to sign Chris Mack as their head men's basketball coach. Anywho lets get into it TRXC TransEnterix is a small healthcare instrument supply company, the fundamentals are not great but its...

aledelga Updated 

WAVES on Wednesday. I've been seeing a lot of talk about WAVES breaking out soon so I decided to take a look and do my own charting. Off the bat I was intrigued and after examining it closer I am a big believer WAVES. June 2016's peak to March 2017's deepest trough is roughly 80% correction before 1200% bounce to new ATH. Similar wedge pattern formed just in...

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POWR is showing a textbook falling wedge patter. We can see the upper and lower limit produce lower highs and lows; while the MACD is showing stronger accumulation since 1/17/18. This combination of rising MACD and a condensing falling wedge has me feeling short term skeptical maybe even a little bearish as I look for it to fall it the 3000 area. But with there...

aledelga

Market cycles are a glorious thing, we experience the whole array of emotions as the price climbs, pumps, dips, falls, then crashes, only to rinse repeat down the road. With the expectation of March/April bringing new life back to Alts we're now able to see the alleged light at the end of the tunnel. In terms of our friend AMP we can obviously see 2 highs,...

aledelga

Happy Friday everybody, we're getting this day started with a quick check in on NANO. The 4hr looks amazing; we have a beautiful ascending triangle forming with the high trend line being tested twice, countered by the low trend offering higher levels of support twice. The volume decreasing is a sign of accumulation taking place and should not be thought of as lack...

aledelga

Ladies and Gentlemen, spring us almost upon us once again. With it, nature comes booms back to life, we are witnesses to the trees and flowers beginning to blossom, we're being teased with warmer weather, and our dear friend Bitcoin is starting to kick back into gear. When analyzing the future of BTC you can find 20 different "experts" who will give you 40...

aledelga

The purple box is an accumulation zone if the breakout fails, the green box is where I'm looking to take some profits. Current up/downtrend is same size, % changed fall as prices rise. Not on the market for a long period of time - more uncertainty in TA. I've been for a few weeks and have buying/selling along the uptrend. Current position is the largest its been -...

aledelga

Quick 2 cent on ETC, fork may pull the rug out from under us but looking at the chart here's what I came up with on a lovely Tuesday morning. Go Cubs, Go crypto.

aledelga

BTC is forming the right shoulder in a reverse H&S pattern. If the shoulder is formed and the breakout continues we can expect to see a similar formation form up to the $15500 area next month. Once the .618 Fib resistance is breached it will become a battleground. If the bulls can push through the .786 retracement we can expect to press previous highs soon.