MagicPoopCannon

Well, well, well... Ripple Head & Shoulders Breakdown (XRP) >=D

BITSTAMP:XRPUSD   Ripple幣 / 美元
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 they're so accurate? I mean, look on the chart where I posted the "Don't Say I didn't Warn You" post, and see what has happened since then. They're just blinded by emotion, I suppose. Ok let's assess what's happening here. Ripple is clearly breaking the neckline, and it has already taken out the 200 EMA (in purple.) As you can see, it's now trying to penetrate the top trendline , on the falling parallel channel . Look for XRP to drop to the 61.8% retrace, around $1.40. Let's see what the naysayers have to say now. =D

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-
For the record, this information led to me accumulating 20k MORE XRP. Thank you for the excellent TA.
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So where can I buy Ripple for dollars?
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Good Call!
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Yes, Thank you MagicPoopCannon. I had sold a $1.80 position after seeing this. Set an auto buy order for .88 cents last night. This morning, I got up at 5am eastern, opened up bitstamp and saw that it had reached as low as $1.21 - I thought it would go lower, however, it started retracing. Bought back in @ 1.335
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OK so everyone has a opinion but all @MagicPoopCannon is doing is providing his based on good knowledge and understanding. He does not have it in for XRP he is simply pointing out what he is seeing. THANK YOU and please keep it up.
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Thanks for the great educational insights, its broaden my understanding of H&S and also gave me a good entry to the market!
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Don't forget to remind your readers that confirmation of the neckline break is critical. A break that is reverse is a false break. A daily candle below the neckline should do it.
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@protechtor, I totally agree. In this case, the best confirmation would be a failed attempt to break back above the neckline. However, I'm starting to think some of my readers will chastise me for emphasizing the importance of confirmation. LOL Thanks for the comment.
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protechtor MagicPoopCannon
@MagicPoopCannon, No problem. Stay the course. Alot of rookie TA's in crypto need better discipline on the skills. I appreciate your objective analysis.
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Investor123 MagicPoopCannon
@MagicPoopCannon, ignore them. They're trolls. I would bet most of the readers here appreciate good analysis, and the majority of those who appreciate good analysis will not comment .... unlike blabbering buffoons who are always talking and never saying anything! So stay the course!
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