Eric Byrd

Small account degenerate. Wins, brutal losses, meltdowns, and occasional miracles. Not financial advice, just gambling with rent money. Oh, a pilot, too!

[Eric Byrd @ericbyrd]

$BNB was strutting around like a champ, only to trip over its own feet & join the rest of the #cryptomarket in an ungraceful pile on the floor. After lazily swinging in the $580–605 support hammock, it plummeted straight through like an overstuffed piñata. Now it’s loitering at the 23.6% Fib retracement from the latest swing—otherwise known as the “former friend now blocking you at the club entrance” level. If it dares to climb back up, it’ll have to squeeze past $650’s round-number swagger, $652’s 50% retracement hall monitor, and $663’s big-shot 23.6% Fib from the Jan highs to Feb lows. That’s one packed resistance party waiting to shut things down.

#BNB $BTC #BTC #Bitcoin $ETH #ETH $SOL #SOL #Crypto #Bearish #ShortSetup #Fibonacci

[Eric Byrd @ericbyrd]

This is Evidently an Easy and Elementary exercise that Every person with Energy who doesn’t feel Empty headed should be able to do Entirely, Elaborately, Exquisitely, Elegantly and Exactly as described, even if they are an Enemy of language, if they're Economically struggling, just had an Endoscopy, or finished reading someone’s Eloquently written Eulogy Early in their Everyday routine.

[Eric Byrd @ericbyrd]

@TrumpsHurricane Looks like she's wearing her dog on her head.

[Eric Byrd @ericbyrd]

@TheW3storm @K9Aasim Lay it on me! Feel free to message me.

[Eric Byrd @ericbyrd]

$ETH has been limping behind $BTC like a tired marathon runner chasing a rocket. On the daily chart, it just belly-flopped onto the 127.2% Fib extension of the Feb–Apr swing at 1548. If that floor gives way, next stop is the April 2024 low of 1387, conveniently hanging out near the 161.8% extension at 1298. And if that cracks? Well, the “oh sh!t” trapdoor opens to the 127.2% extension of the Apr ’24–Aug ’25 swing at 416. Not betting on that horror show, but hey, triple digits wouldn’t exactly be shocking if #ETH keeps hitting every branch on the way down. That all said, the daily RSI is <14, so some form of a bounce or consolidation seems likely to shake off oversold technicals.

#BTC #CryptoMarkets #Crypto #Bearish $ETHA $ETHU $ETHE $ETHB

[Eric Byrd @ericbyrd]

@K9Aasim On the bright side, I've been shorting them all the way down. So that 30% haircut was great for me. 🙂🤑

[Eric Byrd @ericbyrd]

Just saw a massive 110,033 contract call spread in $GLD — sold the Sep 500 calls, bought the Sep 550 calls for net credit. That's basically a full day's average volume in one trade. Meanwhile #gold's down over 4% and #silver's getting crushed 8%, both seeing heavy call selling. Smart money clearly hedging the breakdown.

$SLV #SLV #OptionsFlow #bearish #optionstrading #commodities

[Eric Byrd @ericbyrd]

$HYPE has been one of the best performing #altcoins lately. It broke out above $59.49 & pushed up to the 1.414% Fib extension at $75.63. It's pulled back, tested & held the 50% Fib retracement level of the recent advance, & has recovered to the breakout level. Additional support is at $52.52, the 61.8% Fib retracement. Upside targets are @ ~$70 round number/psych level & 127.2% extension, then the 161.8% extension at $83.58. It has a solid ecosystem and growth, making it a good medium-long term play, plus the volatility makes it great for short-term tactical trading.

#HYPE #HyperLiquid $BTC #BTC $SOL #SOL $ETH #ETH #Crypto #CryptoMarkets #LongSetup #bullish

[Eric Byrd @ericbyrd]

$BTC is flat out broken. Even during the "risk on" in equities, #crypto stayed weak. The weekly chart seems to indicate further downside. Immediate support is at the Feb. lows @ 59,928, then the 127.2% Fib extension at 53,708. If that fails, round number/psych support at 50,000, which coincides with the 2024 lows @ 49,003. Should that give way, the next downside target is the 161.8% extension @ 45,795. If all that breaks, we're looking at the 127.2% extension of the 2024 lows to 2025 highs at 28,011! I doubt we go that low, but those are the key levels to watch.

#BTC #Bitcoin #BitcoinRecovery (or lack thereof) $ETH #ETH $IBIT #IBIT $BITX #BITX

[Eric Byrd @ericbyrd]

$BKR’s sliding while oil just sits there. Lower highs, lower lows, EMAs turned bearish. It broke the 50d & is getting rejected... again. Grabbed July $60 puts at $1.70. It’s clearly not following crude & honestly feels like a calmer move than wrestling with $USO.

#Oil #Trading #EnergyStocks #BKR #USO #WTI #Iran $QQQ $SPY $IWM $XLE #QQQ #SPY #IWM #XLE

[Eric Byrd @ericbyrd]

@grok @yuki_eliot I've found the disconnect between "risk on" vibes in equities and the lack of "risk on" in crypto a bit ominous for equities.

[Eric Byrd @ericbyrd]

I've also been keeping an eye on $TON, which is showing a favorable technical setup. After pulling back to the 50d SMA, which also coincides with the 61.8% Fib retracement of the Apr-May swing. It's been creating higher highs and lows, the MACD is turning up, AO showing shift of momentum to #bullish, RSI at ~55, & stochastics are turning up. This $2 level is key support. Looking for push towards $2.45-2.50, the 61.8% retracement of the recent pullback. I'm long from under $2.00.

#TON #TonCoin $BTC #BTC $SOL #SOL #AltCoins #LongSetup

[Eric Byrd @ericbyrd]

Looking at $BTC longer-term weekly chart shows it testing support at the 78.6% Fib retracement around 65,500. With this pullback, I would expect a moderate bounce, since this level has held multiple times from Jan-Apr. Plus, daily RSI is at <20, also suggesting oversold conditions ripe for a bounce. However, momentum is clearly building on the sell side, so any longs should have tight stops!

#BTC #Bitcoin #Cryptocurrency $ETH #ETH $SOL #SOL #CryptoFutures #cryptonewsdaily

[Eric Byrd @ericbyrd]

$HYPE breaking out to new ATHs.
Daily: Strong impulse through resistance, holding the $60 (100% Fib) confluence as support. Volume surging, above all major MAs.
Hourly: Bullish structure with higher highs & lows. FOMO in full effect.
Targeting the 1.272% Fib at ~$70, then the 161.8 extension at ~$83.5.

#HYPE $BTC #BTC $SOL #SOL $ETH #ETH #Crypto #Altcoins #Breakout #TechnicalAnalysis

[Eric Byrd @ericbyrd]

$QCOM up nearly 12% today but failing to take out the previous swing high. Bought May 29 $220 puts as a quick scalp. Daily chart shows a glaring #bearish RSI divergence - May 11 highs near $248 was ~88, today's is ~72. Also, this level is the 138.2% #Fibonacci extension of the Oct highs to Apr lows.

#QCOM $QQQ #QQQ $SOXX $SOXL #SOXX #SOXL #Semiconductors #OptionsTrading #stockmarket