MagicPoopCannon

MagicPoopCannon

Well, well, well. I wonder if they still think that long-term uptrend support (teal dotted trendline) is going to hold. Oh wait, it's already broken. >=D Welcome, friends, to this update analysis on Ripple! Looking at the four hour chart, you can see that the rising support level, which originates at the start of the rally to the all-time high, has been broken!...

MagicPoopCannon

Hi friends! Welcome to this update analysis on Litecoin! Looking at the four hour chart, we can see that a continuation breakdown, from the symmetrical triangle, is developing. The bear flag that formed below the triangle, has quickly produced a strong breakdown. Currently, you can see that LTC is testing the 78.6% retrace, which has already been pierced. We can...

MagicPoopCannon

Hello friends! Well, I'm about to stick my neck out there on this one. Before we jump in, I have to tell you the truth. I've been reluctant to review ETH, because it gives me mixed signals. Sometimes, the technicals aren't always extremely clear, because markets can occasionally move in erratic ways. However, after some in depth thought, I think I have formed a...

MagicPoopCannon Updated 

Hello friends! Let's take a look at this update analysis on Stellar! Looking at the four hour XLM chart, we can see that a bounce occurred off of the pink support level that I drew on the previous analysis. You can see that a nice hammer was formed on the pink trendline, and price has rallied above the 50% retrace, and the 200 EMA (in purple,) but still remains...

MagicPoopCannon

Hi friends! Welcome to this update analysis on Iota! I'd like you to sit back, and relax, as I show you why IOT is poised to erase 100% of it's gains, since 11/7/17. Looking at the four hour chart, we can immediately see one very distinct formation. It's just a large trading range that IOT remained in, for several weeks. As you can see, the base of the trading...

MagicPoopCannon

Hi friends! Welcome to this update analysis on Bitcoin! I'd like you to sit back, relax, and prepare to have your minds blown, as I show you why Bitcoin is poised to erase 100% of it's gains, since 11/12/17. Looking at the four hour chart, you can see that BTC formed a large head and shoulders pattern, when it reached the all-time high. In order to find a...

MagicPoopCannon

Hi friends! Welcome to this update analysis on Ripple! Looking at the four hour chart, we can see that the symmetrical triangle has broken to the downside, as expected. If you recall from yesterday's post, I said "we can see that XRP has created a new symmetrical triangle formation. Previously, there was a smaller triangle...which broke to the upside, only to form...

MagicPoopCannon

Hi friends! Welcome to this update analysis on Litecoin! Looking at the four hour chart, we can see that The symmetrical triangle has broken to the downside, in a continuation move that solidifies the pattern. At the time of yesterday's post, LTC was trading at 183.72. Today, LTC dropped to 160.29. That's about a 13% decline, in less than 24 hours. As you all...

MagicPoopCannon

Welcome friends and haters alike — to this spectacular analysis, brought to you by the often imitated, never duplicated, legendary wizard of the markets! Let's jump right in! Looking at the four hour chart for Bitcoin, we can see that the chart is beginning to produce the continuation breakdown that I had anticipated. The symmetrical triangle did break to the...

MagicPoopCannon

Welcome friends and haters alike — to this spectacular analysis, brought to you by the often imitated, never duplicated, legendary wizard of the markets! Let's jump right in! Looking at the four hour chart for TRX/BTC, we can see that price action is pushing the Bollinger bands to the downside, and trying to reenter the downtrend channel. If you recall from my...

MagicPoopCannon

Welcome friends and haters alike — to this spectacular analysis, brought to you by the often imitated, never duplicated, legendary wizard of the markets! Let's jump right in! Looking at the four hour XLM chart, you can see that an 18% drop has occurred since my bearish post from yesterday, in which I called for more downside. When will they ever learn? If you...

MagicPoopCannon Updated 

Hi friends! Welcome to this update analysis on Ripple. As many of you know, I have publicized two notorious analyses, titled "Will Ripple Crash To ZERO?". Those analyses, and the arguments upon which they were created, are derived from the massive head and shoulders formation that XRP produced, as it was reaching it's all-time high. The size, and implications of...

MagicPoopCannon Updated 

Hi friends! Welcome to this update analysis on Litecoin! Well, the moment I try to appease some of the unsubstantiated bullish sentiment, among some of my viewers, LTC gets stopped cold at my heavy resistance level, and drops back below the 50 EMA (in orange.) If you recall from my last post, I said "Look at the 50 EMA, and particularly, focus on the instances...

MagicPoopCannon

Hi friends! Welcome to this update analysis on Stellar! Looking at the four hour chart, you can see that XLM has fallen from the uptrend channel that we discussed in my last post. The bulls appeared to be gaining some steam, after forming a new uptrend channel, but at the moment, the bottom of the channel is being broken. We can see that the 50 EMA (in orange) was...

MagicPoopCannon

Hi friends! Welcome to this update analysis on TRON! I'm sure many of you will automatically notice that my chart looks a little different. Unfortunately, I accidentally erased all of my charts, so I had to redo them. However, the new chart retains all of the technicals from it's predecessor. Looking at the four hour chart, we can see that TRX/BTC has crept...

MagicPoopCannon

Hi friends! I hope you are all doing well. Let's take a look at Bitcoin! Looking at the four hour BTC chart, you'll probably notice things look slightly different. Unfortunately, I had to restart my computer, and I lost my all of my charts in the process, so I had to redo them. They're all pretty much the same, so the old analyses should still be comparable to the...

MagicPoopCannon Updated 

Hi friends! Let's take a look at Iota! Looking at the four hour chart, we can see that IOT continues it's descent in the downtrend channel. Looking at the channel, we can see that it has several parts. I've divided the primary channel down the middle, to illustrate how reactionary the center of this channel has been. Currently, IOT is trading above the center...

MagicPoopCannon Updated 

Hi friends! Let's take a look at Ethereum! If you recall from my last post, we were reviewing the symmetrical triangle, as price action traded into the apex. During that analysis, I gave you two price targets — each of which would have applied, depending on the direction of the symmetrical triangle breakout. During that analysis, I said "If an upside breakout...