jbutler7

jbutler7 Updated 

Short term prospects are not looking good for Litecoin here. Let's look at why. Here are some updated thoughts from my last chart idea: -We've already dumped a good sum obviously, but on the weekly there's still room for the RSI to go to oversold territory before recovering, but there's not much more to go yet. Sentiment and fear are growing. As I've observed, on...

jbutler7 Updated 

*Not financial advice* Let's dive in. I mainly am relying on the RSI and fib retracement tool in this analysis. I believe that this pair is almost too predictable now, we are soon going to begin a rise back up to .018+. I don't really have a top target just yet, I'll explain why after I reason why we are going up: Weekly RSI is oversold, which builds confluence...

jbutler7 Updated 

Honestly I've never charted BTC dominance before so I'm just taking it like I see any other chart, and my position on it is currently neutral-to-bearish. Here is the monthly chart, and I see some big resistances overhead. The first is coming from the 50 month EMA, which is very closely matching up with the fib lines I have placed (2.618), adding confluence to...

jbutler7

Gotta run right now, might update this later, but a few key things I've noticed here: A looming death cross on the daily (50 and 200d EMAs) that may/may not happen Head and shoulders with neckline area drawn in yellow Descending triangle (slightly bullish) Increasing momentum on RSI and MACD (also slightly bullish) Very low volume, signaling potential volatility...

jbutler7

We are riding too close to this support level, and if we crash through it there's nothing to hold it up anymore. That is a HUGE gap to fill. I am not predicting this will happen, but for all you hodlers out there, DGB has not done anything this year except drop in USD and BTC. Now that everything is dropping it could tank even more, so buyers beware. This is...

jbutler7

Is this long or short territory? Testing same support line as a few weeks ago. Slightly breached, but could rise up from here.

jbutler7

Welp after this dump it's nice to see us pushing 100 again. Could this rally push us back up to recent highs of 146? Do we blow past and go to 180/200 resistance? Obviously time will tell. Here's added thoughts to why that's a possibility: -MACD and RSI have formed a pretty solid base over the last few days. EMAs have held as support, we are being compressed...

jbutler7 Updated 

I still expect LTC to drop prior to its halving next month. But here's an interesting pattern I have observed. Notice the 21d and 50d EMAs, particularly their behavior in the vertical blue sections, and the vertical maroon sections. In the blue periods there's rapid price growth, and the 21d rises faster than the 50 obviously. But in the maroon sections, it comes...

jbutler7

Leaving this mostly up to self-interpretation. Looks like LTCBTC is building some support on the lower blue trendline after collapse in the last few hours. There's a longer term trendline below that still that could act as support, though I hope we don't go that low, nor do I think we will. If we close this weekly candle above .11 that could be slightly bullish...

jbutler7 Updated 

Mostly presented without comment. DGB had MASSIVE gains last time the charts were oversold like this on the larger timeframes. There's slight bullish divergence that looks like it did before reaching 13 cents. Is this too good to be true?! I mean, alts are eventually going to have to catch up, and DGB could be the perfect put since it has a LOT of room to fly...

jbutler7

Illustrated as thick maroon lines. First would be at 180, from previous levels where we would drop to. It would match the pre-halving pump we got in 2015 that shot up from lows to over 800%. 800% up from 22.50 puts us right in the 180 sweet spot. We have already come so far, we may see a final push to go up to 180. If we break past that, next would be about 200....

jbutler7

Based on trendlines and indicators. The large multi year trendline broke but only briefly in the large scheme of things, and we are already trading above it again. We may retest it again and again before the next moon phase. This could lead us to slowly rise until November this year to 10k, and then perhaps a 10x to 100k? :D This is just a scenario, do not trade...

jbutler7

This is an updated chart with new lines from what I have had previously. This is based on the opinion that LTC will follow relatively the same patterns it has followed in its first halving. In the short run, a final push to 180 is in the cards, but in the 6-8 weeks before the halving it could drop 70% and stay stagnant for a while, until it meets the bottom of the...

jbutler7

The market god says it all. This is a monthly chart, only other time it showed "BUY" was.... well.... just look.

jbutler7

Almost presented without comment. But basically, last 2 times we saw a monthly "buy" on the market god indicator, thousand+ percent gains ensued in subsequent months. It's about time, too. I am still in disbelief on this one after the bull market, but the community behind DGB is strong and almost relentless, so I'm just gonna keep my bags packed. I'd add more if...

jbutler7

DGB on the monthly, last 2 times it had the buy signal it went way up. We just got that signal again. My eye be watchin you DGB.

jbutler7

Everyone looks at alts weighted against BTC, but few look at alts weighted against other alts. If I were a trader seeing bland Bitcoin action, I'd take to these charts and play around with switching pairs between bigger alts like LTC and ETH, etcetera. Or, use probabilities with these kind of charts to determine which, among your favorites, will likely be the best...

jbutler7 Updated 

A quick analysis on the history of the 200d EMA. I'll have to zoom out to show what I mean entirely so get your reading glasses on. Basically, I see that last time we had a significant bear market it ended with LTC rushing up and smashing through the 200d EMA, then settling in a pretty boring range for quite some time. Even Charlie Lee said he could foresee a...