CryptoHotep

CryptoHotep Updated 

I've added the Bollinger Bands into trading strategy as an added confluence and to help identify proper pull backs and knowing when the market turns. Was watching $ETHUSD closely today and as with everything else after Powell's sentiments, it went haywire. If the $ETHUSD were to clear the 20MA I would have longed but with it closing and retreating back to levels...

CryptoHotep

With a nice bounce of the support zone and successfully clearing it, there may be a case for $BTCUSD on the upside slightly for a quick gain here. If it clears the 13 EMA there is some separation between that and the 50 EMA to make around 25-30% and get out. I wouldn't want to hold a position with FOMC upcoming and strictly for short term upside. Long term, there...

CryptoHotep Updated 

The dead cat bounce was retraced last week along with all other markets and hit the trend line nicely. If we break the support zone highlighted (which is a major leve) the next stop is around the $16,000 area (which isn't a strong level at all) and then $11,000. We haven't cleared any trend line and have respected the 50 EMA for over 5 months now. For investors,...

CryptoHotep Updated 

MATICUSD has hit this support zone multiple times with a bounce to the upside but never making it above the 200EMA. And here we are again with the same story. We have oversold on the RSI levels and still significantly in a downstrend, BUT a good opportunity for a decent quick move and profit. I think it can clear 13 and 50 EMAs easily as those have not been...

CryptoHotep Updated 

I think we finally can mark this top area as a massive resistance point for USDJPY as this is it's 2nd go around of a peak and seems to be a free fall. Massive areas of volume have been respected as long as possible but seems like a potential breakdown can occur with little to no air coverage. Could see the gas leaving the rocket ship as soon as it entered the...

CryptoHotep Updated 

Playing off the momentum train here with BTCUSD. Saw some consolidation around $21450 and short term support, decided to go long here also reaffirming from the daily chart and looks like nice space in between major levels. Arrows represent the present levels of rejection BUT something to note and the main reason I took a BUY for this on the hourly, all of those...

CryptoHotep Updated 

If ETHUSD can clear this resistance zone, it will be smooth sailing potentially to the 2K area. Took this trade earlier in the afternoon and capitalized on the short term on the uptrend here. I saw an opportunity to catch this and expected a bounce off the 13 EMA as its uptrend trail has done this multiple times. on the hourly and didn't see any signs of slowing...

CryptoHotep Updated 

LINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the...

CryptoHotep

Could this be a new major zone for USDJPY? With RSI on the potential downturn on the daily here, this could be a little breather for the yen finally and a potential short-term short trade at least 13 EMA levels (yellow line) for a potential bounce back or break down.

CryptoHotep Updated 

With LINKUSD touching the 200EMA on the hourly, this could be a good spot for a push back to previous area of around $7.12 in the short term especially at extreme oversold levels. This isn't a long term BUY as $LINK has to make it past the downtrend line for me to consider a massive move but in the meantime might as well make a little gain. Good opportunity and...

CryptoHotep Updated 

Saw EURUSD coming back past the major support zone and replicated my previous trade from before for a quick 25 pip win here. This was in and out & quick. Oversold massively on RSI levels and at a previous bounce point. Easy 1:1 here. Sentiment is still weary for EURUSD as it continues to struggle in this zone.

CryptoHotep Updated 

$ETH headed toward previous support zones nearing $1300s. Below previous resistance, 13 EMA, 50 EMA and 200 EMA. Plus if there is a slight uptrend it will have to back through the 2 layers which it has respected previously. Seeing going down to previous zones for consolidation and push up.

CryptoHotep Updated 

EURUSD has again touched lows in this support zone and anything below this will be price discovery into the abyss. Looking to place a quick 1:1 trade here for 40 Pips based on the lowest low point of the support zone and RSI levels as well as consistent touches from prior movements. My sentiment for the EURO itself, is still uncertain as it is struggling to make...

CryptoHotep Updated 

USDJPY has come back into this resistance zone for a third go around but not as furiously as before. Seems to be a Triple Top motion currently with RSI reaching to 70+. Could be a good quick 40-50 PIP trade to previous support and EMA levels.

CryptoHotep Updated 

We have USDJPY approaching massive resistance again (similar to July 2022) and with a slight rejection. Waiting for the come back to the zone area (create a double topish pattern) and a possible sell at a RSI high point. Nothing complicated here, just rinse and repeat with price action and a target nearing 50+ PIPS. This is a short term trade as I think the...

CryptoHotep Updated 

Yesterday, the BTC daily didnt appeal to me as much as the ETH chart did but today is a different story. Same factors that are against ETH are against BTC: 13 EMA 50 EMA 200 EMA McDonald's Arches are present pattern here All in all I see this easily retracing back to the support zone highlighted. The question though is will it hold?