jbutler7

jbutler7 Feb 28, 2018

Approaching oversold. MACD picking up momentum. Looking to me like a cup and handle forming. The handle will probably start forming when RSI is oversold or when macd starts picking up more momentum. Don't take this as trading advice. You know the rigmarole.

jbutler7 Updated  Feb 20, 2018

LTC could just bounce around between support and resistance lines I have drawn today, so I don't expect ATHs today but I hope I'm wrong. Heavy resistance at .025 as that is just barely a new ATH, previous high was .02489. Also, it lies perfectly on a fib line I drew which adds to resistance at that level. If we break through the .618 level will be next target. My...

jbutler7 Feb 18, 2018

LTC/ETH on the daily. THought I'd do this for fun, but ETH had a nice run up a while back, and everything has pulled back since then. LTC is taking this chance to break out closer to ETH prices. Currently is sitting around the .618 retrace, but definitely in a bull market after reaching its recent low. This is mostly a for-fun analysis, and can be useful in...

jbutler7 Feb 18, 2018

Some of this I got from MPC, but LTC is in a bullish cup and handle formation right now. It has been trading extremely tightly for the last few candles now wanting to break out of either of the thick black resistance lines, but recently the yellow line has kept it closer to the resistance line as a strong support and is the bottom of the handle formation. It's...

jbutler7 Feb 17, 2018

Not much to say here. I think more upside after a breakout of these lines is iminent. not advice to buy or sell though.

jbutler7 Feb 15, 2018

Here's what's new with VTC. After a treacherous month and a half of selling, it finally broke bullish out of a bear channel. It could pull a LTC on us and no one would probably even know because I don't see a lot of twitterers talking about VTC. Anyways, based on that is where I drew my fib retracement, and the low previous. Right now on the 4h VTC is overbought...

jbutler7 Feb 15, 2018

My 2 cents: I noticed this pattern on the hourly. Lowest point bounced right off the .382 fib line I drew yesterday, so could be a good buy since it looks like it's in an hourly falling wedge. I would say no need to panic at this point. We're consolidating after a big move here. Watch out for the 4h MACD as it might cross bearish. Daily MACD/RSI look great on the...

jbutler7 Feb 15, 2018

Just trying out the fib retracement tool. Learning about it as I go. This aint fin. advice to buy or sell LTC or anything. It's my opinion. Short term sell Targets: 250 275 250 is where price would intersect with long term upward trend channel and act as resistance, adds confluence as fib retracer crosses around there as well (244). Next fib level will be...

jbutler7 Updated  Feb 15, 2018

.02498 is closer than yall think. Yes, that's the LTCBTC high when LTC hit 420 (GDAX). With the way things are going, I think that it will dip above for a few hours then get sucked back below and let BTC have a turn. Or, it will break through and have more and more clear sky break out moves. I'm not sure which is more likely, but I wanted to get this out as a...

jbutler7 Feb 14, 2018

Nothing complex here, just cooling off that RSI for a bit. It may break downward if BTC breaks out significantly. If it breaks up LTC even with BTC breaking upward that just means LTC is a beast.

jbutler7 Updated  Feb 14, 2018

Here's a relatively short term observation on LTCBTC, looks like it's trying to break out of this wedge while trying to break out of a wedge, all the while the wedge is keeping the wedge within the wedge. Got all that?

jbutler7 Feb 11, 2018

On the 30m chart I noticed this pattern. I don't think I would think much of it, but LTC has already been in a falling wedge for a while, but it's nearing the end of this short term one and it's really near the long term resistance line (purple), which caused the break out the other day. I'm no professional, but could a crossing of the MACd short term be enough...

jbutler7 Feb 10, 2018

LTC has overall done great today, but is still waiting to break out from past .01881. It peeked out for a few hours, but then sunk back beneath shortly after and pushed the next few candles below it. In my opinion it keeps slingshotting BTC upward. It will always be tied to BTC but LTC has a lot of catching up that it can be doing! LTC is probably just cooling...

jbutler7 Feb 9, 2018

I see a potential bull flag has formed in VTC on the 4h chart like with many other cryptos. Horizontal resistance and support lines drawn in black. Like most cryptos VTC has been in a falling bear channel (purple parallel lines) but this bull flag could indicate a reversal if it breaks. Although, unlike other cryptos such as LTC, it is showing a decrease in daily...

jbutler7 Feb 9, 2018

So the one of the last 4h candles FINALLY closed above the 50 EMA. Prior to that it kept getting pushed below it like a a bully to a kid on the playground. The following 4h candle opened and stayed above the 50 EMA too, so that's great. We have stayed in a tightening range which is pushing back against the resistance hard, bulls are starting to wake up. We have a...

jbutler7 Feb 9, 2018

Another LTC update on my last chart: I've been watching LTC very closely. We now have our first official MACd cross on the daily chart since last year! We have gotten close so many times but it bounces off the zero and goes bearish again. The only thing missing now is VOLUME! Resistance will be very strong at 175, and at my trendlines drawn above price. If we...

jbutler7 Feb 8, 2018

I've seen bull flags on a lot of crypto charts today. The biggest ones are on LTC and LTCBTC. I see one forming here, with resistances at 8600 and 9500 psychological. If we break past 9500 it will be a higher high, which will help confirm a bottom. Short and sweet, please comment with constructive critiques of my analysis. As always, not fin. advice here at all....

jbutler7 Feb 8, 2018

The chart doesn't need a lot of explaining, just lines mostly. Nearing overhead resistance, which is a parallel horizontal channel formed from the last weeks. LTC has been holding its own against BTC, though I want both to succeed, LTC is still highly undervalued. Please add comments and constructive criticisms of my analyses, it would be greatly...