CryptoHotep

CryptoHotep Updated 

You can see my last note about USDCHF where I was stopped out unexpectedly only for my initial prediction to come to fruition. Annoying to say the least. We are back at similar times, with extreme overbought levels on the RSI BUT also a MASSIVE rejection at major resistance levels coupling the fact of broken upper band on the Bollinger Band. Let's ride the wave...

CryptoHotep

DOGEUSD has always been a little bit of anomaly as it relates to the crypto market comparatively. It has always done SOMEWHAT of the opposite of BTCUSD and you can back test that. Does it happen ALL OF THE TIME, no. But it moves in its own trend. Whether thats due to the "Elon Effect" or other parameters, it rides its own wave. Here we have a decent set up to the...

CryptoHotep Updated 

ALGOUSD was at mid-September levels of being oversold and broke the lower Bollinger Band. I waited on confirmation for this potential reversal to the upside because of this. We had a green candle closing fully above the bottom band and above the most resistant near term support levels. Got in a buy highlighted by LONG POSITION graph with the mindset of taking...

CryptoHotep

DOTUSD while not at extreme levels on RSI, is still touching upper Bollinger Bands in a tight channel signaling LESS volatility. Which means, it should follow a consistent path of UP & DOWN trend. Couple this with the fact of the previous candle rejected at resistant, I predict this price to come back down to below the 20 MA right before the short term support...

CryptoHotep Updated 

BTCUSD has reached overbought levels in similar fashion with a confirmation closing below the upper bollinger band to signify the notion of a possible reversal with a possible break of the 200 EMA. There is a little pocket notated by the short position where a quick trade could be made but to be aware of key levels drawn by the blue lines. These levels were drawn...

CryptoHotep

With PLTR we see several items that could be a signal for a potential reversal finally. We see a broken upper Bollinger Band multiple times as well as bearish divergence near this top. Also a gap back down below short term support (highlighted by the blue line). Even though I have the next spot for support marked, we could be looking at a "SOFT" landing around...

CryptoHotep Updated 

For DOGEUSD here we may have possible reversal sentiment. The Elon Musk effect may have run its course for now as multiple rejects on the resistance line with no successful push through. We also have overbought levels on the RSI and the upper Bollinger Band. For this short, the Stop Loss is placed above the upper band and patience is key. Waiting for the...

CryptoHotep Updated 

Simple idea here: AUDUSD breaking below lower Bollinger Band with several following candles showing slowed down trend. If we close the current (circled) candle successfully fully above the bottom band, simple is expected. Next resistance lines are noted (drawn off the daily with at least two touched) with the Stop Loss & Take Profit also highlighted. Easily can...

CryptoHotep Updated 

For EURUSD, it's been nothing but a continuous downfall along with the GBPUSD but with a big "green candle" breaking lower Bollinger Band as well as the RSI levels being at extreme over sold levels, could this be pointing toward a reversal potentially? I think some selling relief is to come for the short term for the EURO and we may be looking at slight uptick...

CryptoHotep

I recently took a long with MATICUSD and was a successful trade. It has also cleared previous resistance currently and looking toward the next short term (drawn from the Daily) resistance level, highlighted with the blue line. MATICUSD is also clear of the 200 EMA but if you look at past movements, the 200 EMA has not been respected by any means. We are also...

CryptoHotep

With Ford reaching support zone levels (as well as key value level) not seen since June and February as well as extreme oversold levels, this may be the call for a reversal here upcoming. I am keeping my eye on this and waiting for a confirmation candle to signify change of sentiment as the bottom band on the bollinger band has been broken. The market itself, is...

CryptoHotep Updated 

XRPUSD had a nice run up most recently, but with its break of the upper Bollinger Band along with over bought status at extreme levels, reminiscing February 2022, we may be looking to revert course. Currently under the 200 EMA as well and rejected off of the major resistance zone, I think a safe landing would be next major level of support for the time being. I...

CryptoHotep Updated 

Given the market conditions, economic headwinds, and tech as a whole as well as the break below the previous support area all spells a consistent & continuous downward trend. We also gapped down today from gapping up yesterday. Amazing. Take also in consideration that RSI levels still have room to move. I suspect a bounce off the lower Bollinger Band and then a...

CryptoHotep Updated 

With USDCHF at extreme overbought levels and rejection from the previous resistance along with the long candle stick, we are looking at a short for the Swiss Franc with a stop loss set above the entry candle and take profit below the 20 MA and 50 EMA right above the 200 EMA. I think for the time being we trade in this channel here highlighted by the blue lines,...

CryptoHotep

Took another short to catch this window with XRPUSD. I think a good opportunity here to capture this downtrend to the next major support zone as the previous closed UNDER the 20MA successfully. Also with RSI in the middle, you can look to September 18th timeframe but the difference there is XRPUSD had the 20MA, 50EMA and 200EMA to bounce off of. This time, this is...

CryptoHotep

Here we have USDJPY again trying to reach the and move beyond this resistance zone and good sign. We have a big engulfing bullish candle that preceded this and continuous uptrend from the break of the lower Bollinger Band. We are still in an uptrend with the Yen so I think a retest into this area is warranted. We cleared the 50 EMA, still above the 200 EMA and...

CryptoHotep Updated 

$DOGEUSD 🐕 has finally reached overbought levels, that haven't been seen since mid-August. To put it bluntly it's been particularly quiet on the $DOGE front. We may have a SHORT opportunity here upcoming and my eyes are peeled on this near term resistance level on the 4hr and breakout of the upper band. Waiting for a confirmation candle as well as RSI to point...

CryptoHotep

$XRPUSD has gone parabolic amidst positivities in the SEC trial and has rocketed to levels not seen since April 2022. It has cleared the 20MA and 50EMA on the daily with ease. The 200EMA is still in question but is looking good BUT $XRPUSD is coming in another major resistance zone that has been tested multiple times so I am awaiting on the 4hr chart to see how...