MarketIntelligence

MarketIntelligence

Don’t fight the trend. Newton’s 1st law of motion. Good trading!

MarketIntelligence Updated 

Dragon takes flight as the pattern indicates. Looking to build a long position with resistance at Downward PF (Red). Stops in place if a Dragons Eye or Pierce of the Surface occurs (Red).. Until further notice, embedded stochastics suggests overbought, yet higher levels until a break. Short position suggests a retest of 50-53k. Rejection of the current PF at 49k....

MarketIntelligence

Interesting how the PF trend lines provide resistance/support levels along the timeline. Focus on the PF failures (Oct to Dec 2018) and (Feb 2019 -Feb 2020), and (Feb/March 2020). on the chart for trading education (stop/Loss trade management), and connection to Geopolitical events. Good Trading

MarketIntelligence

The current chart illustrates how risk appears on both sides of the trade, especially with a high volatility vehicle such as Bitcoin. Risk at the outset, and risk when a position is overdone. The Dragon remains in flight for the long term. support levels or levels to accumulate are defined. Expect a Dragons Eye to form before new price discovery occurs. Good...

MarketIntelligence

As the chart has defined, the Pitchforks are firing. Watching the Oceans surface (red line) for a Long move into the upward fork (green). A break below offers stop opportunities as well as a potential downside move. Good trading!

MarketIntelligence Updated 

A bit closer look at the Dragon and Pitchfork action. Much tighter stop and/or support positions. Will the Dragon continue in flight?Good Trading!

MarketIntelligence

Finally agood buy signal for Litecoin. Using the Dragons head, Spine and Oceans surface for stops. Pitchfork tells the upside tale. Good trading!

MarketIntelligence

Long position in play , but not until we break above the Dragons belly (yellow line). Be patient. Good trading!

MarketIntelligence

Doesn't take a rocket scientist to know the cryptos are in descent as of late. However, is this the end of the bearish trend and time for a move to higher levels again? The Dragon is clearly continuing to seek the oceans floor so the trend is down. However, the pitchforks indicate a strong level of support at the green upward slanted line, which has held it's...

MarketIntelligence

Believe it or not, this is NOT a bearish chart. Barring a major collapse of the currency, which is unlikely considering the upsurge in volume in Japan and Korea. we will most likely see another leg up in the Btc bubble, as it were. I am currently neutral, waiting for a move above the Head of the Dragon, ending the Dragons Eye formation currently in play. We will...

MarketIntelligence

The chart tells the tale

MarketIntelligence

Dragon seeks the Ocean Floor.

MarketIntelligence Updated 

Many pitchforks lose momentum on both sides and price ends up in a neutral zone, establishing a sideways trading range. Will this be the case for the remainder of 201, as a Dragons Eye has formed. Breakouts above and below are defined as the Dragon decides whether to take flight, breathe fire or pierce the oceans surface; All patterns in the 9 Dragon Analytics...

MarketIntelligence

Currently neutral, looking for a break above (failure) of the downward pitchfork to initiate a long position, as the Dragon will be In Flight. Good trading!

MarketIntelligence Updated 

There is money to be extracted on both sides of this trade. Remaining neutral at present after the 4k L trade, waiting for one the following scenarios: 1. Break above 4800 as the Dragon will be clearly back in flight. 2. Retest of the upward median (dotted) line as well as the downward pitchfork median (red dotted). At 3200. Stops set a violation of the...

MarketIntelligence

A break of, or "failed" pitchfork often creates an accelerated move in the opposite direction. Note that the upward pitchfork is now in play. A failed pitchfork edge or a break of the upward fork offers a manageable stop position. In the Dragon Analytics System, the Dragon is In Flight as well. Good Trading!

MarketIntelligence

The case for a short term short trade

MarketIntelligence

Looking to jump onboard L as the Dragon takes flight to $50. Use the Dragon's belly as a manageable sto and continued selling pressure. Good trading. As always with this particular commodity, watch world events & currencies.