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PJ19

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About PJ19

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  1. Have looked at wave count, and looks like we're in a corrective move higher, it no longer looks like an abc move, but rather first leg up in a bigger a move ahead. will update chart later, as busy with other stuff right now.
  2. Agree with that. The market has a good way of turning round quick, especially btc, and in this scenario, there are going to be lots of shorts in play right now, so they could just turn this around and take those out. The next few hours should give us direction. If price gets above 10,735-50 then it's probably confirmed. Let's see how it plays out indeed. Have a great day, as it's a local holiday here, i'll probably head out into the country for some chill time.
  3. I'm trading this bounce, and i'll wait and see if the below plays out as more a bounce rather than a move higher. I'll be locking-in profits either way. btc 10 min chart, is this a bounce or start of a wave c in a triangle. This however to me is looking more like an a,b,c move, target as shown. If we get above that 10,750 line then perhaps the triangle is playing out. 10 min chart with fib extensions as well. It is very possible that we head lower into that 9,000 and below
  4. Have traded within this price range. Now looking like we're going lower, into that 9,900 to 9,700. Let's see if that holds. All as per above chart.
  5. Update re above charts. Market is finding support here, i have now closed out my short positions, and have started opening up on the long side. Confirmation of an advance up, would then allow for additional entry point on the initial pull-back.
  6. Update re above charts. Market is finding support here, i have now closed out my short positions, and have started opening up on the long side.
  7. Updated chart with key support levels. Personally, i'm looking for the 9,900 level to hold, and up from there. Breaking that 9,653 line, then next support zone is at the 8,600. If that zone (8,600) is breached, then next support at the 7,650.
  8. Updated chart, i'll know soon enough if this is indeed playing out as a contracting triangle
  9. Here is an alternative that's now looking very promising. I will update this as the days go by. But we might be seeing the low in at 9,984.51 level. (but remember to account for the spread on any position). I've been looking at the 4 hourly, and we might be in a Contracting Triangle phase of this Bull Market. I'm seeing the current move (C wave) getting to the 9,984.51 level, and then to see if price moves higher up into wave D zone, followed by a move lower to complete the end of the wave E, and if that happens then it would look like a sharp move higher from that level, at say 10,850 which would be approximately 61.8% retrace of the previous move. Chart to follow... i'm always keeping an open mind on where price may go. This is of course just my take on things.
  10. For sure, i always follow price movement, as we all know it can change when it's least expected, so always on guard, especially in this fast paced market. I never want to get caught on the wrong side of price. My saying is, it's not about being right or wrong,but keeping and protecting thy capital.
  11. Good to hear. Even in this trending market, which i see as a bear market rally. I will keep my long positions intact throughout this rally, those long positions are now set in stone, unless price tells me to change my mind otherwise. I will however add to those positions but only at key levels on this b move up. I'm overall bearish Gold long term, but expect a high over the next few months, possibly into next year. Then i'll be looking for the decline to commence to new lows. That's where the big rewards are made, on the way down. Which would be down into the zone of the previous wave 4 move on the way up. But that's over the coming years if you plot it on a monthly chart.
  12. My chart attached, showing what i consider to be the basics of the current move.
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