jbutler7

jbutler7

Sorry not sorry for the Dora the Explorer clickbait. If what I see here is a true INV H&S, we just broke the neckline not too long ago (relatively speaking). I don't know how far out a H&S pattern can extend before just being a coincidence, so I'd love your feedback. I mean, what if this gets us to that 4:1 LTCBTC everyone used to talk about. People are already...

jbutler7 Updated 

My friend @xtdisnkfe on Twitter pointed out this golden cross possibility on Twitter, so I thought I'd add that into my analysis that I posted recently. Almost everything is similar to the months preceding the first halving as I have shown before, and we continue to print these similarities with the close of each candle. I hadn't noticed the golden cross before...

jbutler7 Updated 

This is based all on LTC's history prior to 2017's massive bull run, by examining a previous bull run. This looks overall very similar to the previous bull run, and I only draw out what I see as a possibility, though anything can change. I don't think this one needs much explaining. Pay attention to the MACD (yellow line) showing momentum on a large time scale....

jbutler7 Updated 

Do you see it too? (within small forming pink channel by today's candle). Grey lines display similarities between historically similar moves by LTC, and resistances we have to watch out for as we try to create more higher lows and higher highs. But, in terms of trend changes, this higher high bout does it for me. I'll link in the comments a previous chart I made...

jbutler7 Updated 

I'll link my previous analysis below in the bulletpoints on why I thought Litecoin would drop. Technically it still could, but I'm gaining bullishness. I will still leave it as a possibility on the table, but hear me out. -We have already been in free fall since 01/18. We are not going to fall forever. We will eventually go up. That's what fundamental analysis...

jbutler7

publishing this mostly for my own purposes. DGB isn't looking bullish quite yet so I'm not looking to buy more than I already have. But, that could change soon. Looking like it has held well above this thick pink line. Lots of room for upside potential. Fundamentally, I worry sometimes for DGB. It just doesn't have the recognition it needs to be successful.

jbutler7 Updated 

This will be a relatively short analysis. Notice the Inv H&S, with the bottom of the head having bounced off of strong support (pink line) and the following breakout above. Still going in an upward trend. RSI looking bullish. Zooming out to the weekly also makes me incredibly optimistic. LTCUSD could still go down, but against BTC it is looking quite strong....

jbutler7 Updated 

ETC has retested its weekly low of 10.01 and is trading lightly above that now, also near a rising support trend line (bottom of grey channel) so a rise in price could be due. Not much else to say about this stagnant name. Others are moving up significantly after reaching yearly lows or retesting those lows, printing nice recoveries so far, but this has yet to get...

jbutler7 Updated 

I'm piggybacking off of some TA from one of my favorites here, namely the one and only Magic Poop Cannon. But he's a bit more bullish than I. He points out that the 50 EMA has been breached. We have closed above it. That is indeed a very bullish sign. But look where I have pointed out that nearly the EXACT same thing has happened before (yellow squiggly...

jbutler7

So, this major trendline has broken. Badly. We could be in for an extended winter. There are long upward trend lines, and there are also downward trend lines, as in we could be here a while. RSI weekly is entering oversold territory, but how long will we be there? We were overbought a good long while... I'm not saying this will happen, I sure hope it doesn't....

jbutler7

Welp folks, I never thought it would get here. But we have a multi-year support below us, which lies ~4k below the current candle. Yes that is strong support, but if it breaks through and creates a multi-year downtrend? Has anyone considered that possibility? I hope that's not the case, but if it gets cheap enough to buy a couple of bitcoins, heck.... I'd do it.

jbutler7 Updated 

Wow. I don't even know how to use fib time tools. But look at how perfectly LTC is going up after my vertical blue line. It has me bullish. I feel like I said somewhere a long time ago with my time tool that crypto would be bullish mid september. And here we are. Also note my double bottom (underlined bright green), my near term support and resistance levels....

jbutler7 Updated 

Pretty self explanatory. Reds are resistances, greens are supports. Yellows are trends, purples are fractals. Still looks good to me overall. This drop in the last 12 hours was bit of a weak move, but it looks to be creating a higher low if we're in any sort of a trend reversal. Now that RSI is oversold again, I expect buying to resume short term. MACD zoomed...

jbutler7

I drew lines on the MACD a loooong time ago. Not tooting my horn or anything, just exciting to see. This, combined with the nearly oversold RSI on the WEEKLY timeframe has me feelin good for the last part of 2018. 9 months since we have had a bullish MACD cross on the weekly, and we're just about there. Everything is turning up, just look at doge as your bullish...

jbutler7

Here I will only analyze the weekly RSI on LTCBTC. Usually I am a permabull, but I try to be real too. We have been in good territory for a long time now. But look, from Nov 2016 to March 2017 it was oversold, and after that we stayed waaay above that, and entered overbought a few times even. Now, after a drastic decline, this week we have entered oversold...

jbutler7 Updated 

I saw this chart layout on a twitter image somewhere, I don't remember who made it so I don't know who to give credit to. I just want to duplicate it as best as I can and add my input to it. (A note: from hereon, please understand that it will take a lot more than the last 8 months to undo my permabullishness, so please only constructive feedback cuz I don't care...

jbutler7

Trying not to sound like a hopamine analyst here. Hopefully we could be seeing some more green candles on the weekly. I was playing with the fib time tool on here, and between 8 and 13 fits perfectly with a long selloff that we have been in. We are starting to extend past the 13, so, can we expect to see something here soon? This is not the only tool needed to...

jbutler7 Updated 

I haven't touched this chart I made months ago. Just looking at this is self explanatory. Approaching a long term upward trend line. (a break down would obvs be bad, but all of a sudden everyone is friends on twitter because of today's pumps, so rn I'm guessing thee's hoards of LTC buyers on the horizon) There's plenty of room for upward movement on the MACD on...