jbutler7

jbutler7 Updated 

Just a cool thing to see VTC recovering. Resistance @ purple line. RSI looking oversold soon. Might bounce down again from purple line, might shoot right through, but in these kind of coins these days usually ~10% moves are all one can get.

jbutler7

Broke out of a long downward trend line with significant results. Wow! Go DGB!

jbutler7 Updated 

The purple lines are from my last TA on DGB. No changes made there. Green lines are adjusted for the penetration through the lower support of purple wedge which seems to have formed a newer pattern, starting from the bottom of the lower thick green line. This will be a longer wait if it stays in those green lines for a break out, less volatility, but now we're in...

jbutler7

Am I seeing things?

jbutler7 Updated 

Wasa wasa wasa wasa! So not much to say here, just pointing out patterns here. Psychological resistance at 130, and 135, then 138 (black horizontal line) needs to be broken for me to be really bullish as that will form a nice higher high. Price is holding in high 120s nicely. MACD shows we could be extending into this range and could be due for short term price...

jbutler7

Just posting in case any of you are interested in LTC and DGB. I plan on buying a little more DGB with some LTC holdings, just waiting for the right time, which looks like it will be soon :D

jbutler7 Updated 

Zooming out to the daily I see this bearish channel has formed for the last few weeks. It has tested the top of the channel several times and failed. WIll the recent bullish sentiment pick us up out of this channel? Hard to say, as the daily might be overdue for a correction based on MACD possibly about to turn downwards. RSI is steady, but at the top of the...

jbutler7

I'm seeing a double bottom. LTC deserves to be higher than this! But let the market decide. Been hanging down here for a while, indicators look good, RSI and MACD showing potential for this to bounce off of my purple line. We shall see. Just a quick analysis here.

jbutler7

Two sequential triangles during the last few months. We are narrowing in the orange triangle as we speak, which makes me bullish seeing it is a descending triangle. Being on the weekly, I expect a breakout to occur very soon, within a week or two. Bullish sentiment is picking up on twitter all across the board, so there's that. This is a big timeframe so a big...

jbutler7

138 Is going to be resistive in this bull move. I circled in pink what I see as a double bottom, and will complete if LTC can break through above 138. This will make a higher high confirming the start of an up trend, and also confirm a breakout above the double bottom level I drew. Still a noob with the charts here, so compare my TA with others, look both ways...

jbutler7 Updated 

A lot going on here. Price is riding above the previous bear channel which we broke out of. Not very strong, but not sinking back in it. Seeing lots of confluence to cause me to believe it will see some nice movement here soon. First, RSI. Recently entered oversold on daily. Good news from Monday could send this soaring. Also, it's easier to buy now that it's...

jbutler7 Updated 

I'm obviously biased towards LTC, but come on. How does one not see this trend? Don't take this as crypto advice, just as an opinion. Clearly I know which one I'd hodl. *cough* bcashisdead *cough*

jbutler7

I noticed that this might be a double bottom we're in right now. That said, I'm slightly bearish at the moment still, but this looks a lot like a double bottom I've seen recently. I underlined important points in blue that I'm referring to. Notice how RSI dipped heavily oversold on first bottom, then a little higher before the huge run up to the mid 200s. I see...

jbutler7 Updated 

Zooming out to the weekly, This paints a nice picture of where DGB stands. The long lines are strong support/resistance. The red aarow points to a green candle, which to me looks like a neutral doji. It may be sideways trading for a while, but patience wins this race. target is 35 cents first, probably a correction, and 1$ is likely EOY if this keeps up. We are...

jbutler7 Updated 

Let me know what you think. Not much else to say ATM.

jbutler7

Basically I just want to point out the daily chart, lots of people focus on shorter timeframes. The last 4 candles seem to be riding the upward green trendline following a selloff out of the purple equilibrium pattern just before that. This appears to be a tipsy tourney support zone for LTC. It could go way down from here, or if it rallies up I could see 300s as...

jbutler7

Let me know what you think. Not trading advice.

jbutler7 Updated 

I drew that black line quite a while ago under the MACD, and it has been followed quite a while now. Since price is in short term downtrend (purple line), I think there is cause to believe trend is still upwards, and when we break out of this pattern under purple line then breakout will be significant. Missing volume, but expecting it to come soon (next few hours...