Erictaylor

Erictaylor

Pushing on key key levels. Downtrendinf reistance from the last few lower highs aroun 104.6. If dxy pops and holds as support it could be headed to the neckline of this potnetialW we have been talking about forming since 101 area. Btc is coming into old recent low of 25,850 which can be a double bottom setup also over some time… Howver if dxy is going to contiue...

Erictaylor

Finally saw bottoming as stock market contiues to rise strong. Btc stuck between 26k and 27.4 on a tight range. Dxy usually is a big signal for traders on stock and crypto direction. Is this early warnings signs to what is to come? Big money playing cash while investors squeeze the last bit they can out of tech ? This will be interesting as DXY reaches...

Erictaylor

I talked about 835 being the key key support for shib weeks ago when price was about 1100. We bounced mint off it. Started setup up at the lower support for a bit and starting to get some love as we setup on this sipport. This is my last idea on shib for support so rallying off this area is huge. Shib can go off this level as long as it’s holds up and it’s been...

Erictaylor

Went sideways longer then expected screwing up my inverse head and shoulders look. However keep close eye on recent breakout of falling channel. Holding 162 area as support is bullish look and we can retest upper reistanc of flat resutance if we hold 162 as support

Erictaylor

Originally I was looking at this as a breakdown of a large considlation. Since 27k loss we have just went sideways in a symetrical triangle under old support. Howverr sicne bears have not taken advantage I’m looking at this more of a potential falling wedge rather then the breakdown of 27k being as bearish. For now Btc contiues to hold 26.400 so to me until that...

Erictaylor

This is looking setup for a sweet push in coming weeks. Double bottom rocketed smg off the bottoms. Nice pull back and basing on previous double bottom. Let’s see how this plays out but id be buying shares or calls far out at least should hit 90$

Erictaylor

On 15 min the trend remains bullish. Looks like a bull flag on the 15 min so I’m looking for a breakout long if we can flip 176 into support on smaller time frames we can run this up to 178

Erictaylor

Holding uptrend for the day. Retesting neckline of a W pattern. Looks ready to push back towards 420.80 reistance. If we happen to break 417.80 and fail and hold as reistance then shorts could be good. As of now we holding up. Longs could be good again here

Erictaylor

Looking like a W pattern that broke out. And now abnb coming back in to retest the W pattern as support. I’m going long on 100 calls between 107.50and 107 area. I think in the coming weeks abnb could explode. Good luck be safe probaly would close if we start closing bodys below 107 and opening below as reistance

Erictaylor

Since breakout of 412.62. Spy has been ripping. It’s headed back into key resutance levels. 417.47. 418.60. And 420. Personally I think spy will follow this risinf channel trend. I think spy may have enough power to break 420 today or tomrorow…. Now if we break 420 a lot of volume is going to come in. This can allow for very large short stops to get hit and...

Erictaylor

So we discussed the possibility of a W pattern formed on that 57$ retest. As of now we got it ! One thing to watch closely thou is this 60$-60.40 level. Although this idea I have is potentially a nasty breakout trade, we do have to be carful Becuase we have 2 lower highs in place and a flat bottom at 57$ So technically this can be a bearish pattern. If we...

Erictaylor

Range idea this is very very early. It may breakout from here Howver I am speculating a short entry on NvDa at 298.50 area. If we pop and hold 298.55 and hold as support then this idea is wrong and close imediatly. I would wait on this idea for the next 45 min Becuase we should have an answer. If nvda breaks 298.60s and holds then don’t enter anything However...

Erictaylor

This is pretty solid setup. Tesla had consildation ascendinf triangle with 165 reistance. We broke out at headed towards 174 which rejexted and headed to retest 16480-165 which the buyers held strong If we look at this as a backtest of previous reistance as new support it looks pretty bullish. Now if we draw a trend reistance down the whole chart as...

Erictaylor

Since my last post when we were creating a W pattern at the low of 17$ I was saying long So far we have played out close to a T of my expected idea (I drew it in with white squiggles ) LOl Now ai is it my first key reistance. Also we ended up putting in a cup and handle pattern on smaller time frames with nexkline at 20.60 This key reistance we are at is...

Erictaylor

Last time I posted this I was telling long at 133321 and add if we did happen to dip to 84485 We dipped a little below but right between the 2 levels. I loaded up the boat at my level. We have since then ripped up. This chart does look like an inverse head andhsludlers forming. Howver. I have also see crashing patterns setup this same way. So the best thing to...

Erictaylor

This is setting up nice we put in a double bottom at the 50$. We had a trendline break and push up. If you compare this chart to a 15/30 min chart on C3 ai you’ll see the same setup and what it did after this same setup I’m looking on coin to pull back in and make a double bottom at that most recent low after the trend break. It can make a lower low and still...

Erictaylor

Has been bearish howverr since breaking 165 this has had some bullish price action. We did see a rejextion of 177 which is a key previous support but holding 165 is a bullish look so I’d play off that support. If we lost that and held below then 162-161 is that previous support but it would show a more bearish chart then it already looks. Remeber back ta 125 on...

Erictaylor

So this thing blasted off and has been non stop sellin off since blow off top. Obvisouly big risk big reward. Howver I have 2 key supports based off previous pattern consildation zone befoee the rip. The top reistance of that consolidation pattern prior was 133321wjich is roughly around where it is now which is why I am posting this idea here. This level could be...