Hi friends! Welcome to this update analysis on Ripple! Let's get right to it! Looking at the four hour chart, you can see that XRP broke down from my bear flag as anticipated, and it actually surpassed the low of 2/6, forming a lower low on the chart. If you recall from my last post, I said "I think it is pretty clear that we will test the low of 2/6....
Hi friends! Welcome to this update analysis on Ethereum! Let's get right to it! Looking at the four hour chart, you can see that ETH broke down hard below the neckline of the massive head and shoulders pattern. If you recall from my last post, I said "If ETH breaks down, the initial support is at the 78.6% retrace, followed by the 491.90 level." ETH actually took...
Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the four hour chart, you can see that LTC dropped like a rock from my third bear flag, just as anticipated, and bounced perfectly off of my red trendline support. I'm sure many of you have seen the parade of haters in my comment sections, as they prematurely chastise me...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the four hour chart, you can see that BTC has broken down from the third bear flag, and is back below the falling pink trendline, which used to represent the top of the downtrend channel, before it morphed into a wider channel on 3/5. BTC is also now within striking distance...
Hi friends! Welcome to this update analysis on Ripple! Let's get right to it! Looking at the four hour chart, you can see that XRP has broken down from the bear flag as anticipated. If you recall from my last XRP analysis, I said "If you look closely at the candles inside of the bear flag , you can see that the past three candles have tall wicks on the top sides....
Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the four hour chart, you can see that LTC has broken down from the third bear flag, just as anticipated. If you recall from my last post, I said "You can see that the 20 EMA (in blue) is falling through the current bear flag . The 20 EMA is what produced the resistance that...
Hi friends! Welcome to this update analysis on Ethereum! Let's get right to it. Looking at the four hour chart, you can see that ETH has broken down from the purple bear flag, just as anticipated. If you recall from yesterday's ETH post, I said "be on the lookout for a breakdown of the current bear flag , as the 20 EMA (in blue) begins to cross into the flag...
Hi friends! Welcome to this update analysis on Ethereum! Let's get right to it! Looking at the four hour chart, you can see that ETH continues to produce bearish formations on the chart. So, let's break them all down, piece-by-piece. Starting out, we have the enormous head and shoulders pattern (in pink.) It's pretty hard to miss. Next up, we have the downtrend...
Hi friends! Welcome to this update analysis on Bitcoin Cash! Let's get right to it! Looking at the four hour chart, you can see that BCH broke down from a head and shoulders pattern (in red,) and then formed a smaller head and shoulders pattern (in purple,) and the broke down from that, into a bear flag consolidation. So, we can see that there is a developing...
Hi friends! Welcome to this update analysis on Ripple! Let's get right to it! Looking at the four hour chart, you can see that XRP is forming a bear flag consolidation, as the 20 EMA (in blue) begins to cross into the bear flag. The 20 EMA has been very resistive lately, so the chances of a bear flag breakdown are increasing as the 20 EMA crosses into it. There is...
Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the four hour chart, you can see that, just like BTC, LTC is now in the third flag, of a series of bear flags. Also similar to Bitcoin, LTC has a rising support level (green trendline) that is very important for it to hold. The green trendline originates on 11/1, and catches...
Hi friends! Welcome to this update analysis on Bitcoin! Before we get into the chart, I just want to let you all know that I've been doing some soul searching, and I've come to the realization that I need to be a bit more humble in my writing approach. I think I may have rubbed some people the wrong way, and, after some deep thought, I've realized that I really...
Welcome friends, to this update analysis on Bitcoin! Let's get right to it! Looking at the four hour chart, you can see that BTC is creating a bear flag, inside of a larger bear flag. Additionally, it's forming this smaller bear flag, just above the falling pink trendline, which formerly represented the top of BTC's downtrend channel, until the channel was shifted...
As you know, I've been warning about Ethereum over and over. Since I put out my chart, titled "Ethereum is on Thin Ice," ETH has fallen over 30%! Now, it is approaching the neckline (in red) of an enormous head and shoulders pattern (in pink.) Let me tell you right now, if this neckline falls, and ETH confirms below it, we could see an absolute bloodbath,...
Hi friends! Let's take a look at litecoin. Well, well, well. Whadda ya know? It's dropping like a rock, just like I said it would. The bear flag broke down ON POINT! Now, we're falling hard! The 78.6% retrace should be the next major level of support, followed by the red trendline at 137.32, and then the rising green trendline, which is the big prize target. If we...
Where are they!? WHERE ARE THEY!!?!? Where are the people who have been running their mouths on my short calls? I bet they're pacing back and forth, trying to figure out how they're going to tell their loved ones that they've lost even more money to the MagicPoopCannon, because I'M on the other side of their trades! HAHA Welcome friends, foes, lovers, haters, and...
What's up world!? Congratulations to my Twitter followers, who clinched a first place victory, by voting for NEO during this week's #coinvote! So, without further ado, let's jump right in to the chart! Looking at the four hour chart for NEO, you can see that it has been in a sustained downtrend, since the high that was formed on 2/27. A large bear flag was formed,...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the four hour chart, you can see that BTC has formed a bear flag consolidation, after failing to breakout above the inverse head and shoulders pattern on 3/5. Looking at the action inside of the bear flag, you can see that BTC has produced several failed attempts to...