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Psychologicalroundnumber

BTCUSD| VALENTINES KISS THAT DIDNT LANDAfternoon Traders, we are currently now seeing some interest in sentiment from BTC as the overall market cap just sniffed the $1.5 trillion market cap over the weekend. Interesting to mention that squeezing wedge style patterns do not always result in continuations, and our illustration is clear proof of this. what do I see now well I have been expecting a pullback from the 50,000 level we were either going to run the level and continue a higher before a pullback or we would touch the level and then pullback, we got the latter, so I will be keeping an eye on the lower levels (Black Ray line) to see how we respond in these areas. for now -remaining neutral - overall still bullish but will wait for price action to confirm.
GEMINI:BTCUSD
by NK008
EURUSD| LIQUIDITY SQUEEZE AND BULL RUN Afternoon Traders, I've illustrated and highlighted 1 likely scenario given the state of the Dollar and relative strength from the EURO, this chart clearly illustrates a bullish movement as we pushed above the 1.2000 level this being a KL, the pattern is suggests a continuation of the overall trend at a test the 1.2000 level as is it lines up with the 79 - 88% range on the Fibonacci. full transparency this will be my area for a potential entry dependent of course if price plays out as I have illustrated here, but of course I will adapt was new information comes out.
Long
by NK008
2
Next stop 26 K (Potential direction sentiment to target)Previously 24k was a clear strong support. Once breached the pair found resistance at 25000 with multiple rejections. The trend I noticed once a key level breaks is a push to the next psychological whole number (22 k to 23 k, 23 k to 24 k, and 24 K to 25 k). I mapped out my trend pattern sentiment to visualize what I see. We may see some volatility between 24 K and 25 K until a significant breach of 25 k occurs. When these levels are breached the volume of the trend trading increases significantly. Please comment with thoughts and ideas. Thank you.
BITSTAMP:BTCUSDLong
by Pika7993
2
Topside exhaustion at Psych level (Sell stop .73700)Today we reached a key level for this pair at .74000 for the second time from the .55000 low in March. Despite the dollars weakness AUD was not able to push through .74000 and was immediately rejected. A rejection from this point aims for .72200 for the first retest. .73710 is this pairs exhaustion point established from the .55000 low. Exhaustion points are marked just under key psychological levels as the momentum slows down before retesting the psychological level. Within this pair, the exhaustion point prepares holders to take their profit while preparing sellers to find a perfect entry point. Once a close out below this .73710 exhaustion level occurs sellers will pick up the volume creating momentum. To avoid a poor entry I am looking to place a sell stop at .73700 with TP 1 at at .72200. Consolidation will occur before pivoting or making a breach through .72200. Furthermore if .72200 is breach a retest of .70000 is likely. There was a lot of sentiment towards a breach through .74000 but due to the inability to push through today while the dollar has been at its weakest tells me otherwise. This is a scenario where technicalities such as strong psychological levels rule over clear fundamentals which in this case would be in AUD favor. Attached is my sell idea earlier in the weak where I marked my sell point at .73700 which remains my current sell stop. Consolidation at the exhaustion point occurred for several hours before reaching for .74000 which is a strong indication that trend sentiment was reversing. Please comment with thoughts and ideas. Thank you 🙏
Short
by Pika7993