MagicPoopCannon

MagicPoopCannon

Hi friends! Let's take a break from crypto, and take a look at the largest company in the world — Apple! This is a weekly chart, so each candle represents an entire week's worth of trading. As I was looking at this chart, I noticed that a nice bull flag has developed just under the top of the uptrend channel. Apple has actually been trading inside of this channel...

MagicPoopCannon

Where my TRON lovers at?! Let's jump right into it! If you recall from my last post on TRX/BTC called "A Lesson in Confirmation! Don Juan Magic Tron!" we discussed the clear pattern of support and failure confirmations in Tron. As you can see, the pattern is continuing on the 200 EMA (in purple.) Looking at the chart, we can see that TRX/BTC had several successive...

MagicPoopCannon

Hi friends! Remember all the haters who were throwing shade on my charts? I wonder where they are now? (looks around) That's funny... I don't see them anywhere. LOL If you've been a loyal follower, perhaps you remember a BTC chart that I posted on the 14th, called "Beware! Bitcoin Sets Up For Collapse! (BTC)." Like many of my charts, it was subjected to undue...

MagicPoopCannon

Hi friends! As many of you know, I issued my first major warning on Litecoin, on January 9th, in a post called "Ugly Ugly Litecoin!" Since then, the price of LTC has fallen an incredible 41%! Many of the other "Top" analysts on TradingView were calling for LTC to launch into outer space, but I gave you the real warning, when it really mattered. If you want to...

MagicPoopCannon

Hi friends! As many of you know, I issued my first major warning on Ripple, on January 11th, when it was trading at $2.03! If you'd like to review that post, it was called "Don't Say I Didn't Warn You. Ripple! (XRP)." Since then, XRP has fallen to a low of 87 cents! That's a 58.2% decline! Let that sink in for a minute. Do you see the enormous value of my...

MagicPoopCannon

Hi friends! Let's take a look at Ethereum! If you recall from my last post, on ETH, we were hanging out near the "previous high" resistance. We noted how ETH was having trouble breaking above that level, and we discussed how a failure to rally above that resistance, would likely send ETH lower. As you can see, it failed to get above, and then quickly rolled over....

MagicPoopCannon

Is Coinbase playing us? I tried to execute several buy orders in Litecoin today, right when it was hitting the 78.6% retracement level. However, all of my orders were strangely rejected. I tried multiple methods of payment, and at first I received confirmations of the trades. Then, when I checked back later, I saw that the transactions were completely gone. At...

MagicPoopCannon

Hi friends! I hope you're all doing well, despite the selloff in crypto land. In case you've been living under a rock, crypto markets are experiencing heavy selling pressure, as fears over regulatory and legality crackdowns spook the market. If you've been following MPC, you know that I've been screaming from the mountain tops, that the cracks were forming in the...

MagicPoopCannon

Hi friends! I hope all is well. Let's take a look at Stellar! If you recall from yesterday's post "Stellar Being Squeezed On All Sides!" I was explaining that stellar was coiling and being compressed between several support and resistance zones. Additionally, I told you that once it broke, it had a high probability of producing a volatile move. Looking at the...

MagicPoopCannon

Hi friends! As you know, I've been calling for $200 Litecoin for weeks now, and here we are. Litcoin is currently pushing down onto the critical support, and as I've warned, if we get a sustained break below that, prices could begin to plummet. You can see that we're new back inside of the downtrend channel, so the bottom of the channel could be supportive if LTC...

MagicPoopCannon

Ahhhh, the infamous Ripple! Let's see what XRP is doing. Looking at the four hour chart, we can see that it has reached, and greatly surpassed, my "first target" at the 61.8% retracement level. More importantly, we can see that XRP has fallen back into the downtrend channel, in a crystal clear head and shoulders breakdown. Interestingly, we can see that there was...

MagicPoopCannon

Hi friends! Let's take a look at Tron! As you can see, I've left everything on the chart from my last analysis, and Tron has remained under pressure, as expected. Today, I'm going to teach everyone an important lesson on "confirmation." So, what is confirmation? Confirmation, is a move in price action that confirms resistance, support, breakdowns, breakouts, etc....

MagicPoopCannon

As I told you in my last post on Bitcoin, there was an increasing likelihood that the rising black trendline would break, because of how many times it was hit. Now, my warning has become a reality, as BTC has broken the rising trendline. As you can see, Bitcoin fell all that way down to the "Critical Support" level, and has bounced slightly. This is probably going...

MagicPoopCannon

Hi friends! Let's take a look at Ethereum. As you can see, here on the four hour chart, it has maintained the weird head and shoulders pattern, just as I said it would. ETH was rejected for a third time at the high, and has since turned lower. Notice how it has taken out the 20 EMA (in blue.) That has been a very supportive level on this uptrend, but we can see...

MagicPoopCannon

Well, well, well. What have we here? Ripple is already breaking down. You can check my notorious "Will Ripple Crash To ZERO?" analysis, I didn't MOVE the measurements. You guys still think that's not a "relevant" head and shoulders pattern? It's breaking the neckline at the EXACT place where I placed the breakdown bar. LOL Why do people doubt my analyses, when...

MagicPoopCannon

Hi friends! I hope you're all doing well today. Let's take a look at Litecoin! Looking at the four hour chart, we can immediately see that Litecoin has failed to make it's way back into the rising parallel channel (blue.) Now, it has broken below the 50% retracement level, as well as the 200 EMA (in purple.) Momentum is turning to the downside, increasing the...

MagicPoopCannon

Yeah, Bob, I'm looking at the chart for Bitcoin now, and it looks like a five wave, 1-2 1-2... Wait... Wait a second... What's happneing? Oh.. Oh My GOD!! Are you seeing this Bob? Bitcoin is RIPPING higher! Holy sh*t Bob! Bitcoin is going CRAZY! It's going all the way up to the moon! The chart doesn't even reach that high, Bob! Wow!!! We're rich Bob!! We're...

MagicPoopCannon

Hi friends! I hope you're all doing well today. Let's take a look at Stellar! If you recall from my last XLM post, I showed you the XLM beakout and subsequent failure into the ascending broadening wedge (blue dashes.) We can see that at one point, price rallied significantly out of the broadening wedge, and the falling parallel channel (pink dots.) However, it...