ProfitCog

ProfitCog Updated 

After completing Wave B of ABC corrective formation, we've had a massive impulse downwards, indicating a beginning of a strong C wave, confirming our bearish bias. We've been able to hit the first short target on 3630 - 3700 level and now we'll be looking on entering another short position on pullback with a solid R:R setup. Check out the linked idea for more...

ProfitCog

After a nice fall from 37xx consolidation level, Bitcoin is ready to strike again. Volume is dwindling, and the moves are range-bound between 3550 and 3600 levels. Now we sit and wait for another breakout. Will we see another leg down, or a Bart? Time will tell. For now, let's set our orders above 3600 and below 3550 and wait for decent volume.

ProfitCog Updated 

Here we have a nice downtrend channel and the price is close to channel's trendline. We have a great R:R setup here, all we need to do is hop in in the best spot and ride it to the bottom. So, Entry - .33051 SL - .33231 TP - .32479 We're gonna use Trailing Stop as well, just in case. GL and let's go!

ProfitCog Updated 

Ascending triangle is formed, volume is gone, as ususal. Waiting for the big move now. We can expect the rise to triangle width, i.e. 32.3 level . Orders are ready, we enter on good volume and ride it to the target. And don't forget about trailing stop loss!

ProfitCog Updated 

Ascending Triangle on Ethereum is almost done. Will we see a breakout? Time will tell. We're waiting for good volume to enter the trade, which can get us to 126.8 level . Still, trailing stop is a good idea, so let's go!

ProfitCog Updated 

It looks almost too perfect to be true, but here we are. Volume is dead again, which signals imminent breakout anyways. We already had one, but bulls didn't make it, and the price got back into the range, where it belongs. Now we wait for downwards channel breakout with good volume. 1:1 measured move is a strong possibility, so BTC could fall as far as 3530 ...

ProfitCog Updated 

After a strong move down, EOS (and a lot other coins) have stopped in a tight range. Volume is almost nonexistent, which means that we're approaching equilibrium point between bulls and bears, and a slight move in either side will create a massive bull or bear run. Currently, on EOS we can observe a symmetric triangle closing in. A neutral formation, generally....

ProfitCog Updated 

We've had a great bull run since Dec 15 to Dec 24, but now it's correction time. Even though an ascending triangle is generally bullish formation, what we're seeing now is the formation of Elliott Triangle Wave (ABCDE) as a (B) wave of ABC correction. This means we still have to go down on a wave C, before another rise with the Wave 3. It's possible that the wave...