Todopoderoso

Todopoderoso

got rejected at major resistance , missed quarterly earnings, revenue declining year after year. failed to offer next quarter Guidance, Zacks holds a (4)Sell sign, Morgan Stanley lowered its target price to 90. nothing is holding this stock up in the short term. the infrastructure bill could help boost it a little bit but for for the medium to long term , this...

Todopoderoso

sorry no V shape recovery. after major companies failed to offer second quarter Guidance and many predicted a decline in revenue and other costs. nothing will keep the price up anymore. a vaccine is months away and a treatment is helpful but it wont be enough for the economy to recover quickly. country opening back up will only show the real damage the virus has...

Todopoderoso

we can see the 200ma on the daily very close at 300.and allmost at the top of the linear channel also the money flow is near overbought. we know that the economy is in far worse state than the stock market currently reflects. we need to accept the fact that SPY completely detached itself from reality. just because the blue chip companies are doing fine doesn't...

Todopoderoso

touching the 50ma on the weekly also the 61% fib retracement acting as resistance , if we can qonquer those levels then 11K is very possible and even 15k. we might need to retrace a little bit before a more powerful move , now the bulls are losing a bit of momentum

Todopoderoso

we can see xrpusd is againt 3 major resistance levels. the 200MA the 50%fib and the linear channel. so that being said its going to take a lot of buying pressure to go through those 3 levels at once and at current state most of the other indicators are overbought. so i expect a retrace to the 0.20 area if not lower. note that if it manages to closes above 0.23 on...

Todopoderoso

negative divergence detected on the daily OBV . also mf is near overbought. i expect a retrace very very soon.

Todopoderoso

we can see clearly something is wrong here. theres no buying pressure to justify the huge rally. it will soon come to and end, nothing is holding the price at these levels

Todopoderoso

thank the fed ...even if the economy is in bad shape it only matter the earnings of 5 comanies. which make 20% of the s and p. if these companies are doing good the index does good.

Todopoderoso

high possibility that it can go to 0 again. with no where to store the oil and demand so low. no one wants oil. we can see the fib levels and below the 50 ma on the daily.

Todopoderoso Updated 

next Wednesday we have the gdp report. which should have a negative impact on the markets, but also the same day the fed meets on interest rates, there is a possibility that they cut interest rates to negative in an desperate measure to stimulate the economy and that would neutralized the GDP report. in a short term that should spike the stock market because ...

Todopoderoso

resistance now at 200ma and fib 61% should bitcoin conquer that level and go above next targets are outlined. or it could retrace a bit then a final push.

Todopoderoso Updated 

a possible mini bear flag on the 15m? invalidate if break avobe

Todopoderoso

it should get back to 7300 rsi is overbought and mac cross on the 1hr .. could possibly retest mid line at a second target ~7000.

Todopoderoso

we can see that that 272 support is being holding very strong and now the 3hr 50day ma adds to it making it worst. but hopefully it can break tomorrow if not then i expect it to bounce back to 288.

Todopoderoso

we can see here clearly we been in a down trend channel since mid 2018 and all attempts to break out have been rejected. we need to break out of that channel and start a new uptrend in order to go long on this coin. you can do day trades or swing trades in between but if you are a long term holder this idea might be helpfull. there is a chance we can even retest...

Todopoderoso Updated 

might be time to short it.

Todopoderoso

reaching overbought levels. but again congress is voting on another relief package for buissness later today. its a coinsidence every time a job report comes out. the congress aproves some kind of relief package.. anyways. on april 29 we have the gdp report. that will give a better outlook of the overall status of the economy.

Todopoderoso

we can see clearly that it got rejected from the 1d 50ma and also fell down the trend line again. right now the 50ma from the 2hr 3hr 4hr and 1d all will put downward pressure also the macd is losing momentum and the mf on the hourly is overbought. also the linear channel on the 1hr is on the top so i expect it to go down.