04/16 market feeling
first: the small bodies candle is a bad indication of the market. meaning that, it looks like we may go to shit very soon, create a new lower low. you can see that we got rejected the 280 resistance several times.
4 out of 5 times it was rejected.
please note that the volume has gradually decreased, CONSISTENTLY. also a bad sign.
if we DO pass 285 resistance like a fucken boss, we can go on to next major resistance at 300 bucks. if we get rejected at 285, it will not be bueno. afterhours it closed at 279.10
rsi is at 50 today 04/16/2020. meaning that if we go down, we can go down again to oversold area rsi of 20
4 out of 5 times it was rejected.
please note that the volume has gradually decreased, CONSISTENTLY. also a bad sign.
if we DO pass 285 resistance like a fucken boss, we can go on to next major resistance at 300 bucks. if we get rejected at 285, it will not be bueno. afterhours it closed at 279.10
rsi is at 50 today 04/16/2020. meaning that if we go down, we can go down again to oversold area rsi of 20
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