MagicPoopCannon

MagicPoopCannon Updated 

Hi friends! In an attempt to give my lovely viewers a heads up, on the potential dangers of this market, I would like to share this gloomy, yet very realistic analysis with you. Now, let's take a look at Ripple! I'm sure you've all noticed, that I've drawn a big bear flag over the recent price action (black flag). I've noticed several other bear flags, in BTC,...

MagicPoopCannon

Hi friends! Let's take a look at Bitcoin! Looking at the four hour chart, we can see that it's still trading inside of the bear flag. However, the bulls are making up some lost ground. Currently BTC is breaking above the 50 EMA (in orange,) and finally rallying up to test the bottom of the heavy overhead resistance level. A break above the heavy resistance level...

MagicPoopCannon

Hi friends! I hope you're all doing well. Let's take a look at Litecoin! Looking at the four hour chart here, we can see that some interesting changes have materialized. After dropping slightly from the bear flag, Litecoin managed to reverse above the top of the falling parallel channel and the critical resistance level. This is a very nice milestone for the...

MagicPoopCannon

Hi friends! Let's take a look at Stellar! Looking at the four hour chart, we can see that XLM has rallied nicely from Wednesday's low. However, it's now running into resistance at the 50 EMA (in orange,) the 50% retracement level, and the top of the falling parallel channel. While I was analyzing this chart, I was trying to determine if the pattern pushing up into...

MagicPoopCannon

Hi friends! Let's have a look at TRON! Looking at the four hour chart, we can see that Tron has rallied off of Tuesday's low, with the rest of the crypto space. However, it was rejected by heavy overhead resistance at the 61.8% retracement level (pink trendline,) forming the top of a downtrend channel. Looking at the 61.8% retrace, you can see how reactionary it's...

MagicPoopCannon Updated 

Hi friends! This is an urgent update on Ripple! Looking at the four hour chart, we can see that it has jumped above the 200 EMA (in purple,) the 50 EMA (in orange,) and the neckline of the head and shoulders pattern. The second candle back is a hammer, and the current candle remains above the resistance level. If this level holds, and price doesn't break back...

MagicPoopCannon Updated 

Hi friends! In an attempt to give my lovely viewers a heads up, on the potential dangers of this market, I would like to share this gloomy, yet very realistic analysis with you. Now, let's take a look at Litecoin! Looking at the four hour chart, we can see that Litecoin has rallied significantly off of Wednesday's low, but don't get too excited just yet. LTC...

MagicPoopCannon

Hi friends! In an attempt to give my lovely viewers a heads up on the potential dangers of this market, I would like to share this gloomy analysis with you. Let's look at Bitcoin! Dun Dun Duuuuuuuuuun! =D As we can see on the four hour chart, BTC has managed to rally off of Wednesday's low. However, the BTC rally appears weak, in comparison to the rest of the...

MagicPoopCannon

Hi friends! In an attempt to give my lovely viewers a heads up on the potential dangers in this market, I would like to share this gloomy analysis with you. Let's look at Litecoin! As we can see on the four hour chart, LTC has rallied significantly off of yesterday's low. However, it was unable to maintain a breakout above the "critical resistance" level, and has...

MagicPoopCannon

Hi friends! In an attempt to give my lovely viewers a heads up on the potential dangers in this market, I would like to share this gloomy analysis with you. Now, Let's take a look at Ethereum! Looking at the four hour chart for ETH, we can see that it has rallied off of yesterday's low, only to form an enormous bear flag consolidation pattern (black flag,) in...

MagicPoopCannon

Hi friends! Let's see what's happening on the four hour chart for Bitcoin! We can clearly see that BTC has put in a V bottom, and has rallied nicely off of yesterdays low. However, I want to caution everyone, that we do not have confirmation, that the selling is over. Interestingly, many of the other crypto charts that I follow, have already run into heavy...

MagicPoopCannon Updated 

Hi friends! Let's check out Stellar! Right away, I can see a common theme in the cryptos. They've bounced hard off of the lows, but many of them are approaching heavy overhead resistance. Enter Ripple! Just like many of the other cryptos in the market, XLM has put in a V bottom, as it rallied off of yesterday's lows. Additionally, there has been a bullish...

MagicPoopCannon Updated 

Hi friends! Let's take a look at Litecoin! Looking at the four hour chart, we can see that Litecoin is making an attempt to put in a bottom, as it rallies off of today's lows. Notice how LTC is approaching the ever important "Critical Support" (which is now overhead resistance) level, at $200. What happens here, is most likely going to determine whether LTC has...

MagicPoopCannon

Hi friends! Let's check out Ripple! Right away, I see a common theme in the cryptos. They've bounced hard off of the lows, but many of them are approaching heavy overhead resistance. Enter Ripple! We can see that XRP is doing the exact same thing, as it tests the bottom of the head and shoulders neckline. XRP formed a V bottom, bouncing off of the blue support...

MagicPoopCannon

What's up everyone!? Tron has made some big moves in the past 24 hours, so lets take a look and see where we are. Looking at the four hour chart, we can see that after three failures to get back above the 200 EMA (in purple,) TRX/BTC was finally able to break above! But the bulls didn't stop there! They continued to push higher, surpassing the 50 EMA (in orange,)...

MagicPoopCannon Updated 

Hi friends! I want to get a quick update analysis out on Ripple, and this generally applies to most of the crypto space. Looking at the four hour chart, we can see that ripple is surging higher after holding the blue support line on the sixth touch. Momentum is curling to the upside, and is trying to crossover. We can see that a breakout above the top of the...

MagicPoopCannon Updated 

Hi friends! I want to get a quick update analysis out on Ripple, and this generally applies to most of the crypto space. Looking at the four hour chart, we can see that ripple is surging higher after holding the blue support line on the sixth touch. Momentum is curling to the upside, and is trying to crossover. We can see that a breakout above the top of the...

MagicPoopCannon

Hi friends! I want to get a quick update analysis out on Ethereum, and this generally applies to most of the crypto space. Looking at the four hour chart, we can see that ETH is making some bottom-like movement. There has been a nice surge higher, off of the 61.8% retrace, momentum is curling to the upside, price action is now above the 200 EMA (in purple,) and is...