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tanglebot Updated 

XRP looks solid now. It found support at 8800 and now slowly moving upwards. The daily chart also shows a neat cup and handle formation. Buy now for a decent profit booking at 13000. Almost 35% gain in the coming days.

tanglebot Updated 

Doing Technical Analysis of BTC without looking at the ALT coin eco system will always lead to failure. I had a look at most ALTs with good liquidity, all of them are making a cup or rounding bottom formations. This has huge impact for BTC. People buy BTC for buying ALTS. Now look at the BTC daily chart, it is making a clean Cup and Handle formation with low...

tanglebot Updated 

People who are expecting a Bull rally from here does not know about the Wyckoff Market Theory. As per the theory, after a super stock rally, the asset goes into a selloff and re-distribution. Which is a very healthy phase for a prolonged growth. Now if you analyze the volume profile on a 1D chart, you can clearly see that the 6500 - 8500 is a high volume node and...

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Want to get some easy money on day trading? Verge has fallen down over 35% on the Daily levels. But if you look at the 5 minute and 15 minute charts, it looks like a accumulation going on. When it fell down to 8800, there was huge volume followed by an automatic Rally. When it fell several times after that, the volumes were less and huge buy orders and support...

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As per Elliot Wave Theory, in a down trend the corrections (ABC Waves) will be towards the upside and 12345 will be towards the downtrend. If you analyze the spike from 6000, it is a perfect ABC wave followed by a 12345 wave towards down. I think we have come to the end of the 5th wave and now we will have the ABC correction towards the upside. So, the possible...

tanglebot Updated 

When the trading is choppy, it is wise to know the key levels and what could happen. Being informed and ready will help you not to panic and also make you understand what is happening in the market. Bitcoin has lots of resistance around 20 EMA on Daily Chart. So in the coming days it will move toward that level and if rejected it will come down to the Support 1...

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After yesterdays fake breakout and heavy resistance at simple moving averages, it is clear that the bulls have run out of steam. It is wise to short and buy back at around 5200, which should act as a mean and we can start a slow climb further. Be wise and increase your BTC holding. No, bitcoin is not dead. It is just a sane correction to bring the market to normal.

tanglebot Updated 

BTC is coming to climax of the short Sqeeze which was happening for the last 1 week. I dont think we have the volumes to rally from this point. It has to fall to bounce. And the fall should start anywhere from next 2-3 hours onwards and dont worry the fall will be there for many hours. SO you can wait and buy between the 7600 - 7800 range. Always wait for the...

tanglebot Updated 

Many traders are confused about what is happening with BTC now. But people from traditional markets know that it is a classic example of a Short Squeeze. So in the next 2-5 hours BTC is to fall in the range of 7600 - 7800 (+/- 2%) after that there will be a rally where all the people shorted will correct their positions. This rally may go upto 11000 and then...