Todopoderoso

Todopoderoso Updated 

we saw a sell off close to end of day do to reports about the vaccine efficiency put into doubt. and we close right at the green trend line and also at the 1hr 40wma. if bulls can hold that overnight on futures or tomorrow morning then more upside could be possible. I outline multi year trend lines as possible support . if we keep going down then 282 is...

Todopoderoso Updated 

i think bulls need one more retrace before breaking through that near 300 resistance. i would be looking to go short if we get rejected but if tomorrow it goes above , then that would be a very bullish sign and should consider going long.

Todopoderoso Updated 

bearish mac divergence on the 15m and we are facing strong resistance at 288. i think we retrace a bit then tomorrow we move up again.

Todopoderoso Updated 

we can see all the MAs on the 4hr are above the current level. imposing huge resistance also the macd looks bearish. i think we go down but anything can happen. (should they get all cross open shorts at 0.2042 )

Todopoderoso Updated 

we been inside a linear channel since end of april and we bounce off from 276 area. we are are on track to the 290'S area using the ZiG algorithm calculations it should take us there but i dont know the exact day . also the WMa40 was crossed above and closed . the MACD looks bullish to me for monday. note ( sometimes the market does a fake break out or break...

Todopoderoso Updated 

i think this next week it will finally be over for this Rally, there is just so much resistance ahead, even though some of the indicators on the smaller time frames are bullish, the longer time frames is what drives the market. i think it will be hard for this to cross the EMA the MA and The VWMA at once, as long as this stays below the 0 line on the CMF expect...

Todopoderoso Updated 

there are two levels to watch tonight the 278 and 283 a break above or below this levels will trigger a bigger move. i think we move upwards tonight but anything is possible( if 278 broken target ~272 areas) good luck

Todopoderoso Updated 

i see this falling down 1 cent from current levels. it touched the previos trend line and if it doesnt get above it it should retrace. also the macd is bearish

Todopoderoso Updated 

Using the zig zag ALgorithm we can see either a retrace or an extended leg down. the extended one should take us to 272. but i dont think that would happen because the other indicators are way oversold and it needs strong volume to beat that 278-279 support. i dont think futures would break it either, so i expect a retrace to the 293 area in the coming days. . ...

Todopoderoso Updated 

looks like to me that if it doesnt break the uptrend line it should continue to 24900 but if it breaks it theres a chance it retraces to lower levels outlined. the stoch looks overbought but on an uptrend sometimes it gives fake signals and it keeps rising even at overbought levels. so a good indication that it will go lower is it it breaks the trend line.

Todopoderoso Updated 

btcusd dead cat bounce.

Todopoderoso Updated 

looking in the 1hr chart we can see es1 forming a bearish flag. also the CMF is below the 0line and the MAs going right behind it putting down pressure , also using the ZIg Zag Theory we can see a possible 279 target. that support is very important i believe we will bouce back after we touch that tomorrow. ( should the bear flag fail we could see a bounce back...

Todopoderoso Updated 

looking at the chart we can see ES made a Lower HIgh on the 1hr . and also fell below the 40wma and its right at the 50MA . so it has to go back above the LH to make a new HH or at least double top. i am bearish since the macd crossed but anything can happen overnight.

Todopoderoso

trade safe. good luck

Todopoderoso

good luck traders. be safe out there.

Todopoderoso

Now that the country is opening back. we will see people rushing to stores and buying items like crazy!, people will even buy houses and cars with the money they all saved up from Quarantine. the spending will be epic. the virus will fade Rather very very quickly after we open the economy up. Investors such as Warren buffet not buying stocks even at this low...

Todopoderoso

this market is so messed up goes up on allmost anything. keep keep an eye on that 288 292 level today.

Todopoderoso

no matter what, if its overbought or oversold. nothing is stopping btcusd . sell once it breaks the trend line. be very carefull going all in at this time might or may not be a good idea. good luck