The Volume Extractor & Whales Buy-Sell Indicator Called the Top!Looking at the 1hr chart for BTC /Binance, we can see that our Whales Buy-Sell indicator and Volume Extractor indicator called the top perfectly with 3 red diamonds and a Sell signal! We can see that Bitcoin couldn't hold above our support at $56,440 and went to retest the Daily diagonal support of $56,100. Unfortunately it fell through that diagonal support down to our next support of $54,300. Not being able to hold that either, it fell to our current support of $52,386.
A few key takeaways from this breakdown:
1. We were right above a key support level (meaning if we broke down, it could break down violently)
2. Our MACD was losing momentum and went from a dark green bar to a light green bar (indicating sell pressure)
3. Our Volume Extractor indicator was flashing 3 red diamonds in a row which is a STRONG sell signal while our Price Extractor indicator was near the top of it's BBs but not quite crossing out of them (more overbought indications)
4. Our Whales Buy-Sell indicator flashed a sell signal after all of this to confirm the downtrend
5. All of this combined, caused the breakdown you see before you
Our next support level is $51,614 followed by a strong support of $50,000. Currently we're starting to get reversal indications on the 1h, seeing how our Price Extractor is flashing an oversold signal but it's still too early to tell. The $54,300 level has now become resistance and I'm looking for us to break above that if we're to continue our uptrend.
If you have any questions about the indicators I used or would like to purchase the Whales Buy-Sell indicator or Volume Extractor, please PM me :)
Tradingindicator
CADJPY Short trade present.Morning Traders
Working the H1 chart on the CADJPY pair here and after a successful long trade a sell signal has presented at 10 am UK time.
I know enter the sell and follow the trend until next signal. That is how I work this strategy but you can adapt the strategy for to your own needs and for example if you worked to a take profit target you could of choose any of those take profit targets in the previous trade and would of banked good pips.
For more information on the strategy drop me a message.
XAU/TRY Currency Chart. Gold Ounce to Lira Policymakers in emerging markets frequently complain that foreign capital is fickle. But foreign capital could be forgiven for having a similar gripe about emerging markets. On a conference call on May 6th Turkey’s finance minister, Berat Albayrak, was solicitous and reassuring, telling nervous overseas investors that the country’s dollar reserves were adequate and its commitment to market principles was firm. But the next day the banking regulator turned cold, reprimanding three foreign banks, BNP Paribas, UBS and even Citigroup, which helped host the call, for failing to meet their lira obligations on time. As punishment, it barred them from the country’s currency market. Four days later, the mood changed and the ban was lifted.
EURUSD Rallies Sharply, Eyes More StrengthEURUSD faces risk of further move higher following its sharp rally on Monday. Resistance stands at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach of here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0850 level with a violation opening the door for further gain towards the 1.0800 level. Further down, resistance lies at the 1.0750 level. A cut through that level will clear the way for a move towards the 1.0700 level. All in all, EURUSD looks for further bull threats
USDCAD Chart — USD to CAD Rate — TradingView Outlook in USD/CAD remains unchanged. Corrective patterns from 1.4667 could still extend with another decline through 1.3850 support. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, the break of 1.4140 resistance will indicate the completion of the correction. Intraday bias will be turned back to the upside for retesting 1.4667. However, a sustained break of 1.3762 will bring a deeper fall to 1.3664 key support next.
Australian Dollar Continues to Recognize Resistance AboveThe US dollar will continue to be a safety currency that people will run to, and as the US Treasury market continues to attract a lot of inflows, it makes sense that the greenback will strengthen. At this point, it is highly likely that we will continue to see market participants fade short-term rallies, but keep in mind that this is a market that is also highly levered to China which is not going to be a helpful thing at this point in time. China is on the back foot when it comes to growth because quite frankly most of its customers are not buying.
While being tethered to China for the last three decades has been a particularly good thing with the Australian economy, the overreaching dependence on Chinese trade has shown itself in Australia as it enters its first recession in 30 years. It is highly likely that we have come close to seeing the top and the Aussie dollar during this cycle. The 0.65 level has offered a lot of resistance, and it is also an area where we had seen massive selling, to begin with. Ultimately, this is a market that is trying to determine its longer-term direction.
#ceo.codes
Ebay's New Marketing Plan ... Attract more Buyers & SellersEBay is starting a marketing campaign this week to drive new buyers to the site, according to the mind of eBay Americas Jordan Sweetnam, who reached out to sellers on Tuesday through a post on the Seller Announcement Board.
EBay will run commercials across radio, display, electronic video and paid social. The creative builds on its Up & Running program, which is "meant to show the world that hundreds of thousands of small businesses are always up and running eBay," Sweetnam explained.
He connected to movies on YouTube, and while they may certainly entice buyers, they seem to be targeted more to small retailers that have had to close their physical shops and are looking for sales online.
Sweetnam said eBay saw a surge in buyer demand in April that resulted in double-digit Marketplace quantity development. In March and the first part of April, shoppers had been purchasing things in what eBay calls"confinement" categories -"items that people increasingly needed as they prepared for or adjusted to shelter in place mandates," he explained. "Buyers were focused on products for home offices, gym equipment and indoor leisure activities like video games and consoles."
EBay had pulled back marketing appreciably in North American in early 2019, and in its recent first-quarter earnings call for 2020, the company told Wall Street analysts,"Coming into Q1, we expected and saw modest buyer growth deceleration driven in part by our planned reduction of marketing spend on buyers with lower engagement and higher churn"
Sweetnam referenced eBay's marketing investment once he wrote,"You've heard often from me about how we are being strategic with our marketing dollars, and this new campaign reflects the changing market dynamics and the unique opportunity we have to really go out and drive the eBay brand message."
EBAY Stock Price Summary
30 day high of the EBAY stock price was $41.09 and low was $30.28.
90 day high was $41.09 and low was $26.02.
52 week high for eBay Inc. - $42.00 and low - $26.02.
Litecoin RangingLitecoin more often known as the silver to Bitcoin's gold has surged by more than 100% since its drop on March 12 , 2020.
Litecoin is trading at the consolidation marketplace in its Medium-term perspective as we could see from the daily chart. The pressure from the bears in the service in $45.79 on the 5th June is currently fixed today, by the bulls.
The response from the bulls pushes the cost up to around $47.32 in the resistance area.
LTCUSD is in trading and consolidation between $84.80 in the upper resistance region and at $24.53 at the decrease support region of the range. A breakout in the top supply area or breakdown in the lower place accompanied by a retest may occur hence patience is required to allow this to occur before a position is required.
Staying above $44.80 can lead to strong growth for LTCUSD.
• Overall market sentiment regarding the coin remains bullish.
LTC/USD Medium-term Trend: Ranging
• Resistance Levels : $70, $80, $90
• Support Levels: $20, $10, $5
USDCAD on TradingviewAt this point, price action is testing a big zone of prior support on the chart: Not only did this area hold multiple inflections over the past couple of weeks, but there are three different support/resistance mechanisms within a 20-pip range. The price of 1.3992 is the 50% marker of that March major move; and at 1.4000 psychological level sits just beneath the 1.4012 Fibonacci level which is the 38.2% retracement of the 2020 major move. Given a recent lower-low, combined with a test of resistance around prior support to go along with a potential lower-high, short side scenarios may be an attractive way of moving forward. The big question is whether the technical setup is too clean for comfort, and whether a bear trap may be brewing here on the hourly chart below.
IOTA Price For Strong Bullish The overall market conditions are showing recovery signs as BTC surged above the price level of $7.9k again with ethereum crossing the major level of $200.
During the price recovery, IOTA also managed to avoid downfall below the major support level of $0.15.
It is having a significant overall gain of 4.81%.
USOIL Insane crash to $0Contract for differences (CFD) is a financial contract that pays the differences in the settlement price between the open and closing trades. CFDs essentially allow investors to trade the direction of securities over the very short-term and are especially popular in FX and commodities products.
SkyRock Signals Squeeze momentum, PSAR and DMI indicator perfectly predicted a sharp fall from $19.57
Yesterday price on the contract dropped to $0 from $19.57
Many think cryptocurrencies are too risky assets to invest in. Many experts including the team trades doubt Bitcoin can ever hit $0 value especially in such conditions when institutional investors turn their attention to blockchain world which allows to safely and remotely conduct contracts and payments
Be safe and diversify your assets
Best regards,
SkyRock Signals team
USDCAD Taking The Bullish SideOil currencies were battered to start the trading week after the most immediate crude contract had the largest drop on record, a 40% decline below the $11 a barrel level. With oil prices plunging to the lowest levels since 1986, the Canadian dollar, Russian ruble and Norwegian krone all tumbled, but failed to take out last week’s respective lows.
The initial shock to the Canadian dollar and other oil currencies however was short-lived as investors realize today’s crash was more about no one wanting to take delivery of WTI crude contracts and less of any major fresh news on the supply and demand side for crude.
The main trade in FX remains whether safe-havens strengthen if the recent global rebound with risky assets is faded this week.
Gold
End of pain for OMGThe coin lost all its gains in the drastic fall in March and has been noting a fall of 9.66%.
Traders looking for a range to trade within may wish to note that OmiseGo may range between $0.450852 and $0.627388.
RANGE BOX & LIVE LEVELS DAILY INDICATOR SHOWING EARLY SIGNS OF RETURNING STRENGTH.
Horizen - Identity is a highly valued commodityPrivacy coins continue to be important in cryptocurrency markets.
While most cryptocurrency transactions are traceable on the blockchain, privacy coins utilize a range of protocols to obscure the addresses of transacting parties. Some privacy cryptocurrencies are private by default. Others offer identity-preserving features as an option.
Horizen is a technology platform with optional privacy features that aims to enable an application-rich and inclusive ecosystem to provide people with freedom and everyday usability.
Like other privacy coins, its privacy features are optional, offering both T-Addresses (transparent) and Z-Addresses (private). Z-Addresses utilize zero-knowledge cryptography to allow users to obfuscate transaction amounts and sender and receiver addresses.
BREAKOUT INDICATOR SHOWING STRENGTH FORMING ON HORIZEN
Tether Dominating the StablecoinsTether's stablecoin USDT was introduced to improve the liquidity of the early Bitcoin market.
The project has faced various legal controversies revolving around the legitimacy of its 1:1 USD backing.
Despite these obstacles, the stablecoin has dominated one of the fastest growing sector's in crypto.
Tether is by far the most popular and most liquid stablecoin and will see volatile moves for day trading.
BREAKOUT INDICATOR SHOWING A LONG REVERSAL FOR DAY TRADING.
NZD/USD showing weakness around the monthly high. Kiwi trading at the top of the monthly range and starting to show signs of decline.
Coronavirus risks keep weighing on the market’s trading sentiment.
Further downside could be restricted by a 200-HMA level of 0.6005.
C WAVE indicator showing short trend forming on the 12 hour timeframe.
GBP/USD to rally beyond 1.2650The GBP/USD pair is trading near its daily low, bullish in the short-term, after spending most of the day above a critical Fibonacci level at 1.2515. In the 4-hour chart, the 20 SMA advances above the larger ones, all fo the below the current level, while the RSI keeps advancing, despite being in overbought levels. The bullish case should remain firm in place as long as the pair holds above the mentioned Fibonacci level, the 61.8% retracement of its March slump.
Support levels: 1.2600 1.2660 1.2515
Resistance levels: 1.2650 1.2690 1.2730