Welcome friends, to this quick update analysis on BITCOIN! I'm charting from my hotel room this morning, and I'm traveling today, so I have to make this quick. You can see that BTC has broken out above all of the immediate overhead resistance, after surpassing the neckline of the inverse head and shoulders pattern. You can see that BTC has rallied up just below...
Welcome friends, to this oh-so-beautiful, straight from the future, hater-proof wizardry! The update analysis on Litecoin! Let's jump right in. Looking at the four hour chart, we can see that after surpassing the top of the downtrend channel, LTC exploded higher, and ran straight up to my inverse head and shoulders target, where it decided to take a rest. Since I...
Hello friends! Welcome to this update analysis on ETHEREUM! For everyone who has been following "MagicPoopCannon's Visionary Workshop" posts, you can now see the incredible value in visionary analysis. I was able to project the inverse head and shoulders pattern, literally before ANYONE else. The value in such projections, is impossible to deny. Let's jump right...
Hello friends! Welcome to this update analysis on BITCOIN! Let's jump right in. Looking at the four hour chart, you can see that BTC has broken out above all of it's immediate overhead resistance. It has surpassed the 78.6% retrace, the green dashed trendline, the neckline of the inverse head and shoulders pattern, and most importantly, BTC found support on the 50...
WOW, WOW, WOW! Look at the breakout on LITECOIN! Welcome friends, to this update analysis. Looking at the four hour chart, I'm suddenly very pleased that I'm long. =D Litecoin has blasted above all of the major overhead resistance, in the explosive move higher that I have been recently projecting. Amazingly, you can see that the breakout occurred right at the end...
Hi friends! Congratulations, to my Twitter followers who voted Ripple! Let's jump right in. Looking at the four hour chart, we can see that XRP is trapped between the rising blue trendline, and the 50 EMA (in orange.) If you look closely at the 50 EMA, you can see that support was found on it, near the beginning of the right shoulder. This is an important thing to...
Hi friends! Welcome to this update analysis on BITCOIN! Well, after a suspenseful night session, BTC tested the neckline of the inverse head and shoulders pattern (in black,) but never managed to close above. However, all isn't lost, just yet. You can see that BTC is currently testing the 50 EMA (in orange) as support. At one point, we actually traded below it,...
Hi friends! Welcome to this update analysis on Ripple! Let's jump right in. Looking at the four hour chart, we can see that XRP appears to be building an inverse head and shoulders pattern, much like many of the other cryptocurrencies. However, XRP's pattern is a bit lopsided. You can see that the would-be neckline has a dramatic upward tilt, and the current price...
Welcome friends and haters alike, to this update analysis on BITCOIN! Let's jump right in! Looking at the four hour chart, you can see that my hypothetical inverse head and shoulders pattern is playing out nicely. The right shoulder is nearly completed, and I've got to say, it feels good to see that my analysis holds true, illuminating the way like a blazing torch...
Hi friends! Welcome to this update analysis on Ethereum!Looking at the four hour ETH chart, you can see that the hypothetical head and shoulders pattern, that we identified in the "MagicPoopCannon's Visionary Workshop" post, is developing as planned. On February 2nd, I gave you the inverse head and shoulders pattern. Since then, we've already traded form $742 to a...
Welcome friends and haters alike, to this update analysis on LITECOIN! Let's jump right in! Looking at the four hour chart, you can see that my hypothetical inverse head and shoulders pattern is playing out nicely. The right shoulder is nearly completed, and I've got to say, (like BTC) it feels good to see that my analysis holds true, illuminating the way like a...
Hi friends! Welcome to this update analysis on Litecoin! Let's jump right in. As you can see, LTC rallied to the top of the channel, but was stopped cold there. Since then, LTC has turned lower, formed a small bear flag, and has broken down below the 50 EMA (in orange) — the old nemesis. In addition to losing the 50, you can see that LTC is also trading below the...
Hi friends! Welcome to this update analysis on Bitcoin! Let's jump right in! Looking at the four hour chart, we can see that BTC broke down from the bear flag (in blue,) as prices fell to $7,876. However, shortly after the breakdown from the bear flag, prices reversed back to the upside, and BTC is now testing the bottom of the 50 EMA (in orange.) As I've reported...
Welcome friends and haters alike, to this update analysis on Bitcoin! And man-oh-man, are the haters ever present. The comment section, on the last BTC analysis was riddled with verbal diarrhea from the professional amateurs. They're all calling for the moon, and saying the bottom is in, but the overhead resistance hasn't even been conquered yet. Not to mention,...
Hi friends! Welcome to this update analysis on Ripple! Looking at the four hour chart, you can see that XRP temporarily traded above the blue resistance level, but was stopped dead in it's tracks by the 200 EMA (in purple.) Since then, XRP has reversed to the downside, back below the rising blue trendline, and is now moving in to test the 50 EMA as potential...
Hi friends! Welcome to this update analysis on Ethereum! Let's jump right in. Looking at the four hour chart, you can see that there are a few new developments, since my last chart. If you recall from the ETH analysis "Delirium in Ethereum!" we were assessing the development of the inverse head and shoulders pattern, that we hypothesized in the "MagicPoopCannon's...
Hi friends! Welcome to this analysis on the badly beaten, Dow Jones Industrial Average. The instrument that we will be using to review the Dow, is the DIA ETF. Looking at the four hour chart, you can see that the Dow has been trading in a long bearish uptrend formation, known as an ascending broadening wedge (in blue.) Ascending broadening wedges are patterns that...
Hi friends! Welcome to this update analysis on Bitcoin! As you can see, the bear flag is now breaking to the downside, and wouldn't ya know, the 50 EMA (in orange) was the catalyst. =D If you recall from my last post, I said "Also, you can see that the EXTREMELY RESISTIVE 50 EMA is about to intersect with the bear flag price action. That could easily be the...