Hi friends, and congratulations to my followers who came in second place during this week's #CoinVote, by voting for ICON! Let's get right to it! Looking at the four hour chart for ICX/BTC, you can see that ICX has juuuust broken below the downside target level, that I gave you on 2/26. If you recall, I warned that further downside "could put us on the support...
Hi friends, and congratulations to my Twitter followers, who voted POWR, and won this week's #CoinVote! Welcome to this brand new, straight outta the box, fresh outta the package analysis on Power Ledger! Let's get it! Looking at the four hour chart, for POWR/BTC, we can see that Power has been in a downtrend channel (in pink) since the all time high. Recently,...
Hi friends! This is a quick update on Ripple! Let's jump right in. On the four hour chart, you can see that we're getting some continuation selling here, as XRP takes out the 50 EMA (in orange) and appears to be moving back down to test the 78.6% retrace (in red.) The inverse head and shoulders pattern is still valid, but if the 786 is lost, some intense selling...
Hi friends! This is a quick update on Litecoin! I know a lot of my followers hold LTC, so I want to drop a quick update. You can see that LTC has reversed course, as BTC reversed it's breakout of the inverse head and shoulders pattern. Technically, this movement does not invalidate the inverse head and shoulders pattern on the LTC chart. However, LTC is...
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 attempted to breakout of the inverse head and shoulders pattern. If you follow me on Twitter, you know I put out a warning about the low volume on the breakout. Sure enough, the pattern reversed, and now BTC has lost the 50 EMA, and...
Hi friends! Welcome to this update analysis on Ripple! Let's get it! Looking at the four hour chart, you can see the XRP has exploded higher, after yesterday's bullish analysis. It is above the neckline of the inverted head and shoulders pattern, and currently testing the neckline for support. XRP also appears to be creating a small bull flag consolidation, just...
Hi friends! Welcome to the Magic, as I show you why I'm hella bullish on gold! Let's get right to it! What you see before you, is the weekly chart, of the GLD, which is the ETF that tracks the price movement of gold. Since this is a weekly chart, keep in mind that each candle on the chart contains an entire weeks worth of trading action. On the far left, you can...
Hi friends! Welcome to this update analysis on Litecoin! Let's jump right in. Looking at the four hour chart, we can see that LTC has been stalling in the right shoulder, and it appears to have built a small head and shoulders pattern in the process. However, I wouldn't be too concerned about that just yet. What I find most interesting, is that BTC is currently...
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 is testing the neckline resistance of the inverse head and shoulders pattern, as it prepares for a breakout. BTC is actually building a small bull flag just below, and it appears as though a breakout is inevitable. Volume is very...
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 found support on the 50% retrace, and is now breaking above the 50 EMA (in orange) and heading up to test the blue downtrend resistance line, that originates on the all time high. If you look carefully, you can see that this...
Hi friends! A lot of people have been asking for an update on Ripple. Well, the wait is over! Let's get right to it! Looking at the four hour XRP chart, you can see a common theme, that is presenting itself in most of the crypto space — an inverse head and shoulders pattern. This one is interesting. You can see that I have two targets up on the board. The reason...
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 pulled back juuuust before reaching the neckline of the head and shoulders pattern. In the last analysis, I talked about how we could see an initial pullback, or some hesitation from the neckline, and that appears to have happened....
Welcome friends, to this update analysis on the SPY! We're going to step away from crypto, and check out the ETF that tracks the S&P 500, to size up the current situation in the stock market. If you're wondering why, well, Magic doesn't only trade crypto, and the recent action in the stock market could create a cascading effect into all markets, including crypto....
Welcome friends, to this update analysis on TRON! Let's get right to it. Looking at the four hour chart, we can see that TRX/BTC remains in a state of weak sideways trading. You can see that each time Tron tried to rally, the sellers came in and pulverized it over time. From the all time high, it was sold, then a lower high on 1/18 was sold, then a lower high on...
Welcome friends, foes, distinguished guests, and back ally riffraff, into presence of the undisputed king, the unparalleled master, the ghastly shadow of the of the charts, MAGIC! Feast your eyes on the wizardry, as his majesty reviews the one, the ONLY, BITCOIN!!!! Let's get it! Looking at the four hour chart, you can see that BTC is inches from the neckline...
Hi friends! Welcome to this update analysis on Cardano! Let's get right to it! Man-oh-man, looking at the four hour chart, you can see that ADA/BTC has reached my head and shoulders target PERFECTLY! I actually had no idea, until one of my Twitter followers gave me a heads up. I went back to check, and when I first gave the head and shoulders target, ADA/BTC was...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the four hour BTC chart, you can see that Bitcoin has found resistance at the 61.8% retrace, and is now back-testing the black trendline as new support. This is actually very constructive price action. If you recall from my previous post, I said "Just above is the 61.8%...
Hi friends! Welcome to this long overdue, highly requested update analysis on Stellar! Let's get it! Looking at the four hour chart, you can see that XLM has broken below the rising blue trendline support, and it's now moving into another level of support, indicated by the green horizontal box. Additionally, you can see that there is a weak bearish crossover on...