CryptoHotep

CryptoHotep

CRYPTOCAP:USDC Dominance looks to be Double Topped on the RSI side and per historic movements, this looks promising for the market. I say, BRING ON THE ALTCOINS.

CryptoHotep

Added to my Altcoin Portfolio: • COINBASE:RBNUSD @ $0.13876 bringing my average cost from $0.17 -> $0.1511 Notes/Thoughts: Typically I would wait until the Weekly Close for my buys as it’s only Tuesday but I like the market pump currently & perceived momentum plus price is still held in a Weekly Demand area without collapse.

CryptoHotep

These are my levels I am most concerned with for NASDAQ:AAPL Last week, $200 level showed life and buyers stepped in but that doesn't mean we are out of the woods and price currently is in semi "no man's land", kind of just hanging around the demand area. One bright point is bullish price volume last week as well. I would wait to see how this week turns...

CryptoHotep

Despite the FUD around Ethereum, I am focused on the charts and what they tell me. I look at the downside that has brought us in this Weekly buying area. That downside was a clear move and looks great for a nice run back up. I would still like to see a green candle present on this Weekly close to signify buyers but I think things are brewing for CRYPTOCAP:ETH

CryptoHotep

XAUUSD (fka Gold) has approached the Daily Supply Zone once again after multiple failed attempts to break. This time might be difference……not in a good way. Let’s dive in: Gold has been on an upswing from the Demand Zone in early November The uptrend has slowed once hitting the Supply Zone nearing the ever popular $1800 price point. Bearish Divergence has...

CryptoHotep

With recent news on the FED’s outlook of an “official” recession along with potential ADDITIONAL rate hikes into the new year, the SPX (S&P 500) looks to go a little lower with more pain to come. What I’ve noticed: Long term overall down trend has stayed in tact Short term up trend has been broken (blue arrow) Fresh supply zone marked with candles closing below...

CryptoHotep

Ever since the Yen topped at 152.00, the downfall has continued in a synchronized fashion of lower lows and lower highs succinctly. Will this continue? Here in the chart a couple things to notice: - A continuous downtrend - Massive sell pressure arrived in 136.600 - 137.00 area making the Supply Area - This is the first time $USDJPY has tested this area on the...

CryptoHotep Updated 

With the break and closed daily candle above the 200 EMA, XAGUSD (Silver) could be making a move to the upside with a Rally-Base-Rally and Drop-Base-Rally type motion (highlighted by the blue arrow trail), bouncing off Demand Zones. Previous movements (February 2022 & April 2022) off the 200 EMA have been to the upside tremendously as well as it aligning within...

CryptoHotep

Updated thoughts 💭 with Supply/Demand levels on ETHUSD: • Drop base drop type motion • Below 200 EMA & downtrend confirmed • Lower lows lower highs continuation • Fake breakout to $1300 area could be opportunity for a quick BUY scalp

CryptoHotep Updated 

Here we have the Yen reacting negatively to the CPI data just released and if you are shorting you may have nice opportunity here. As you can see from the blue lines, USDJPY has been on a downtrend consistently with lower highs from the top. In addition to that, it recently blast through a key DAILY demand zone along with a 200 EMA and closed underneath. Typical...

CryptoHotep

The New Zealand dollar seems to be unphased by the FOMC meeting this afternoon unlike the rest of the markets. Yes it moved up sharply but eventually settled back in its prior position with a little momentum to push back to top resistance points. Let’s zoom in. Several items to note here that are brought to light: – The New Zealand Dollar is currently still...

CryptoHotep

I am looking for $DOGE to continue this downside based on a couple of factors here: * Consistently broken upper Bollinger Bands during the upward trend with no short stops * Based on the Fibonacci retracement tool, $DOGE not only hit the 0 point but also a massive rejection from a major resistance zone. * Big engulfing bearish candle (blue arrow) * Extreme...

CryptoHotep

Here we have one of my personal favorite cryptos & L2 sidechains, MATICUSD or Polygon. Potentially we may see, a downtrend because of a couple of factors. Let’s zoom in! I see the potential for a “McDonald’s M” or most notably referred to as a Head & Shoulders pattern which could signify a downtrend. Here are some reasonings & findings: * MATIC has touched...

CryptoHotep

Here we have the EURUSD at the start of making some higher highs and higher lows highlighted by the blue line. We are also coming up on a couple of deterring factors that have played a role in prior short term move downward that may look to replicate for a quick gain of 100-250 PIPs. Here’s what we can see: * Overall downtrend of the EURO (Dotted blue...

CryptoHotep Updated 

ETHUSD with a small pocket of opportunity here. Simple pull back from the lower Bollinger Band break (with over sold RSI levels extremely) and the first candle succeeding it and then a retrace back. Resting on the support line and has done this previously with a bounce. Stop loss placed below the nearest swing low with the take profit clearing the 20 MA and 50 EMA.

CryptoHotep Updated 

SUSHIUSD has done this pattern similarly if you scroll to the right: breaking Bollinger Bands upper band with extreme levels of over bought in an almost TRIPLE TOP fashion. Plus a decent sized bearish candle that followed. Difference we have here is it's being rejected off of a major resistance zone (drawn off WEEKLY). I think we see the beginning of a downtrend...

CryptoHotep

The GBPUSD has had a wild ride in the past two weeks. Things are starting to normalize for the pound but here we have a simple 1:1 type of trade potential. We have GBPUSD breaking the upper Bollinger Band twice and not resistance at 1.14339 area. We also have over bought levels on the RSI in a micmic-ing double top like pattern. The only potential saving grace...

CryptoHotep Updated 

With EURUSD breaking the lower Bollinger Band & at extreme oversold levels, there may be some relief upcoming for the EURO. Proceed with caution though as several U.S. financial events are happening this week, so I wouldn't advice this to be a long trade which is why my take profit is at the 50-55 PIP mark right below the 20 MA & 50 EMA as well as the most recent...