Erictaylor

Erictaylor

So we saw the rally back to the breakdown point of the trend support I had within the bull flag. Now curently price is considlating under that white trend line in somewhat of a rising channel. Now, also I spotted in the 4 hour RSI a decendinf triangle. So far price broke down from it, came back to backtest as reistance. Rsi did poke it’s head back into the...

Erictaylor

Found itself in a tough reistance area. The FIB extensions from the start of the sell off (novemeber 1st 2022 was 237$.) down to the low of the move where we found our bottom.. gives us a 1.618 fib of 165$. The 2.618 fib is 193$ and I do think we get there eventually but I see a chance of a 50% retracement of this recent move. Will we rally on FOMC? This is...

Erictaylor

Has been weak all day. Hard to make any decaisions as we have FOMc tomrorow. If I was going to short anything it would be meta. Multiple wicks to 148.40s. Fake breakout today of a bearflag which has reistance at 148.80 area. Lower support is 147 even. Target to downside is 142-141 area of previous reistance. This seems really weak to me I am liking the idea...

Erictaylor

I’m always watching this thing so I can at some point find something on it. So far on 4 hour I’m seeing a fallinfnwedge idea. With a breakout. Stops have to be below 10.09. Risking 16 Pennie’s. Don’t have to go heavy but im in on 60 shares at 10.18 stoploss 10.07. This is my idea. Monster reistance in a pop is 11.46 and 11.65. Anything above 12 could potentially...

Erictaylor

Curently got caught up in a rising wedge and about to break potentially. There are 2 things building here, 1 we fal back and hold the most recent low for a W pattern to form and rip back up to retest the bull flag reistance Or 2 contiue on our merry way back to the bull flag support of 23,300. From there if we reach that support, will be a big moment for Btc to...

Erictaylor

Stronf into earnings. Bears didn’t have much steam to knock this lower. I do have a fib below at 141.85 which we could potentially see apple reach but after what I was seeing today, idk if we get that. Previous douboe top occured on the left, and apple could be trying to hold that as new support ! This is what I’m basing my trade idea off of. If we started to...

Erictaylor

Had a nice rip and now coming back to test previous reistance as new support. Looking on the left we had a chop range using this area as support the. It failed. We are back at that level except this time that same level is neckline of an inverse head and shoulders. I’m grabbing shares long here !

Erictaylor

Monster push off the lows. Running fibs from the last wick high we placed after the start of the downtrend where I placed the red arrow, this brings the chop range reostance was under the .618 fib. The most logical thing for me Would to see the Nasdaq retest the .618 fib and reclaim it as support at 11.942 Of course it doesn’t have to reject where it is but this...

Erictaylor

Rallyed very hard. I got in at 50.22 area and rode it to 55.60. I sold it out, it came back to 49/50 area and ripped to 60$ I missed that as I was focused on everything else rippin. Now that coin has reached an area for me of concern I’m not to worried I belive we will have more buying in time. We are starting to reach some previous considlation zones of...

Erictaylor

As apple contiues it’s rip to the upside the first key level to watch after drawing fibs from the high to the low we can see the .618 fib of the weekly trend is 146.80s. If apple cannot confirm this as suppor it may have a channel of clearing this and need to trend back to down find some key support again closer to 141.85 Howver if we decide to contiue to move up,...

Erictaylor

Big one for this week to watch. We saw a short term rejextion so far but there could still be some room up after a cool down period. My key reistance I am watching is 154.60. For me this area is huge Becuase before the drop we had to the new lows, this was a sideways bearflag channel that chopped around from 154.60 support to 182.50 reistance. For me meta...

Erictaylor

Big run off the lows, first weekly above down Trending reistance line. Howver still a sideways range up to 410s. Closing candles above that might be a better confirmation. Running this hard into FOMC Mabey front running the possibility of a lower rate hike. Either way a lot of tech and other sectors are pushing heavily towards resistance zones of considlation we...

Erictaylor

Breakout of bull flag but weak volume. Weak mometum. Triple bearish divergents on the 4 hour. Could draw it out as a descending trinagle on RSI. Just got rejextion on the 3rd divergents. Mabey price comes back to backtest the breakout of the bullflag, but something smells fishy to me. Possible Btc fakeout again but too soon to say. Watch rsi on 4 hour for...

Erictaylor

This is starting try a breakout of this downtrendinf reostance roughly 1174-1176. This could Be a solid entry with stops below 1170s. As we are attempting this breakout Howver, SPX is reaching 4100 and stocks have been ripping while crypto lagging. This will be soemthinf to pay attention to but as long as we can hold outside this reistance it could be a good...

Erictaylor

Amazing run we have had after a downtrendinf reistance breakout. We still should at least come back at retest 402-400 possibly even as low as another test of downtrendinf reistance at 396 at some point. Market is ripping but starting to find some reistance at an area where previous wicks could get above but bodies couldn’t close above this level. There is...

Erictaylor

This could be risky but it’s also an obvious level. Stops below 10.25. Long 10.32 -10.35 area This could open at 0 so that has to be a thing to consider Howver as long as this contiues a potential of a lower high double top look on the upside down chart, could this free fall to the upside?!? This is upside down so a free fall down would be going up if we...

Erictaylor

Gettinf a breakout of this bullflag idea. Be cautious could be a fakeout. Mabey 23.150 could be a backtest hood area but I’d really like to see support found on 23,400 Def be careful no need to rush into this trade but could be something brewing.

Erictaylor

Lower support 1083 upper reistance 1253. We had a wick to 1280 previously. This could be a trade but just short term idea. Be careful as market is ripping can see blow off tops. If we can pop 1253 area it might be worth trying to swing shib up. Watch 1300 reistance if this happens. Stoploss below the Chanel at 1245ish No gaurentee this will breakout. No...