jbutler7

jbutler7

An optimistic view of ETC. I still don't know much about this coin, but I'm liking it more and more. Coinbase will surely give it more volume, which it will need in order to get back up to previous highs and higher channels here. This, and a general increasing bullish sentiment will take it up. Not going to post EOY predictions in this chart because I'm mostly...

jbutler7

What a great day it has been. We're not out of the woods yet IMO. But things are looking swell. I see confluence with resistance levels that we recently broke through (green line, intersecting with fib level.) A close above that would be somewhat bullish if you ask me, as we re-enter the rising wedge shape. I don't foresee much consolidation given the bull volume...

jbutler7

I just want to share some thoughts on this chart, as the title indicates. It is remarkable when, compared to previous volatility, LTCBTC has stayed in this close range for quite some time. It fell below my support line recently, but I expect it to climb back up into that range as we are getting closer to my rising support line. That said, wow. I have learned a...

jbutler7 Updated 

So yeah I'm a noob with the charts and you could say I don't know anything, but I still like to find potential patterns, and I see a potential bull flag that has taken several months to form! If I know anything about bull flags, when they break out it could lead to a 4.2k litecoin. No timeline can say when that will be, but I'm just showing what I'm seeing.

jbutler7

My last charts were using Poloniex, this is Bittrex's chart. Thought I'd try it out. I noticed we might be in a rising channel, though current market sentiment is weak we could be seeing a small bounce upward off of my trendline. If it falls through, green lines as support. red lines are resistance, purple lines are one or the other. Blue line shows equilibrium...

jbutler7

Looking at the behavior of the MACD before DGB went on it's first hyoog leg up, It was pretty neutral. I am seeing almost the exact same pattern now. I suspect we will see a few weeks of bearish movement (based solely on previous action) then another big leg up. To see what I'm talking about, check out the two pink circles I drew. To see the first one, you may...

jbutler7

These are conservative price targets. I have drawn 2 different paths that it might take after updating some of my previous support and resistance lines. This week it seems to want to stay in the maroon path somewhat, but last time I had a similar chart it dipped beneath the maroon support line, but might hold to this one differently. If it stays between the...

jbutler7 Updated 

I'm not too worried about this dip. Bought some more DGB in fact. Still looks semi-strong here, we could just be forming a higher low here. We can't have all green candles on the way up, gotta have some profit takers too.

jbutler7

Well the purple triangle has taken charge again, sucked Chikun right back into it, and even underneath it, but now it's smack in the middle again, getting closer to where the up and down lines intersect. The intersection only means that when it gets near it, it will have to make a move up or down, and it usually breaks out or keeps on following the up/down trend...

jbutler7 Updated 

Pretty self explanatory. Daily MACD is starting to look short-term bearish but recently it has bounced off of the zero mark and gone up again. As we near the bottom of this ascending channel here we may see such activity again. RSI is riding in the middle, so it could go either way there. I'm not saying this is what will happen, but it's likely. Things could get...

jbutler7 Updated 

Just throwing this out here.

jbutler7

By "brace for impact, I mean the firmament. We're looking to retest that mutha effin resistance line for a third time in the last few weeks/days (aka we might have a rocky road trying to break through the "firmament" first :D). A break out of this would be very significant, because this line, this barrier, this wall has kept us down for the last 4 months and...

jbutler7 Updated 

DGB on the weekly. Nearing resistance line from bottom of previous trendline, but MACD on weekly looks poised for something extra spicy. No bull crosses yet, it may yet bounce down, but momentum seems to be picking up so I'm optimistic with the recent gains happening up around here. Daily RSI looks a little overbought, but zooming out to keep things in...

jbutler7

LTC equilibrium within a larger equilibrium. It feels like LTC has been in a tight spot for the last forever, so things could get interesting. I see two possible scenarios: 1: LTC breaks out of smaller equilibrium, which would break it out of the larger equilibrium almost simultaneously, and meet next resistance at 190 (with other resistances along the way...

jbutler7

I was looking this morning at this chart at the nice 4 green weekly candles in a row. Then just now I looked back at the last time that happened. The last time it wasn't near the end of a big bear market (my opinion personally), mostly just a sideways market. Given the position of the current setup (which is at the breaking point of leaving a long down trend line)...

jbutler7 Updated 

I take one glance at this and see momentum picking up again on the MACD (4h) and it's close to the top of the triangle. Could another pump finally push us into a mid-long term bull market? I see that as a possibility, as the last dump didn't send us to a retest of the low support of this triangle, we've found obvious support in the 140-ish range. Time to hunker...

jbutler7

The title says it all. I can't remember when I drew those lines, but this is the ratio of two very volatile digital assets staying quite steady with eachother in the recent past. But that could likely change as we approach a new bull market with LTC nearing the end of this triangle. Horizontal support and resistances shown, stronger than diagonal lines of...

jbutler7

I see the daily chart looks like consolidating price, and it's nearing the breakout point (resistance zone) underneath the purple line. This could be big. Eyes peeled here if there is a rejection and bounce downward before a retest and breakout.