ROSEUSDT is currently exhibiting a broad bearish corrective structure, taking the form of a potential WXY complex correction. Price action has been coiling within a structurally significant range, with the immediate demand zone acting as the current base of accumulation. This area presents a favorable risk-reward opportunity for strategic long positions. The broader outlook hinges on the behavior of price upon retesting the overhanging supply zone. A rejection at this critical resistance could trigger a sharp bearish continuation, with downside targets aligned with the projected bear zone, as depicted on the chart. Conversely, a confirmed breakout above this structural ceiling would invalidate the bearish thesis and pave the way for an impulsive bullish leg toward the upper bull target area, establishing a potential trend reversal.
I decided to swap to the weekly view and found the 3 most bullish candlestick patterns all appearing in the month of April. 1st: Piercing Pattern: This occurred on the week following Liberation day. The piercing pattern occurs when price closes above the midpoint of the prior weeks red bar after opening below the low of the previous week. It signals that the price action was very emotional and reactionary, gapping below the low the a strong downtrend, it then signals that buyers were committed to recapture a majority of the price action. It also indicates that there may be trapped bears and short positions that were opened at the low, this can squeeze price higher. 2nd: Bullish Engulfing This occurred the week last week. It is a classic pattern that signals to turn bullish. It occurs when the green bar fully engulfs the previous weeks red bar. It signals that the price action was able to make a new low, this is important as similar to the piercing pattern it indicates there may be trapped bears/shorts who will be squeezed and forced to capitulate. It also indicates that the bulls were able to make new highs breaking out of the previous weeks range. 3rd: 3 Outside and up This just occurred to end this week. It is a rare follow-up to the bullish engulfing, it is defined by a bullish engulfing that has a following week with a close strongly above the engulfing candles high. It signals that the engulfing candle had commitment and follow-through, it signals that bears were unable to stop the trend and are at the point of capitulation. Many bullish engulfing patterns can lead to consolidation or weekly doji candles, or the less frequent reversals if bears are strong. the 3 Outside and up confirms that the bullish movement is strong. This was a very difficult month to trade with a ton of traps, I expect there will be more traps and pullbacks to come, but the big picture is bullish.
Another Tuesday, another drop of three new Star Wars: Andor episodes. This time in the Rogue One prequel series, Bix and Cassian dealt with the struggles of being rebels while we learned more about Ghorman and its own fight against the Empire. Read more...
PEN, TOST -- Posible opprtunidades para la semana de 5/5/25
As I mentioned earlier — when gold cools down, Bitcoin tends to rise. And when gold climbs, Bitcoin usually takes a breather. Don’t forget this dynamic.
Bearish Divergence has appeared that may bring the price down towards 31 - 32. 28 should not break otherwise we may witness further selling pressure. Upside targets can be around 44 - 45 (if 35 - 36 is crossed & sustained with heavy volumes).
Here’s a breakdown of the BTCUSD trading idea you’ve presented: --- ### ? **Trade Setup (Long Position)** * **Entry Price:** 9692 * **Stop Loss:** 9550 * **Targets:** * **1st Target:** 9800 * **2nd Target:** 9900 * **Final Target:** 10000 --- ### ? **Trade Metrics** * **Risk (Stop Loss Distance):** 9692 - 9550 = **142 points** * **Reward:** * **To 1st Target:** 9800 - 9692 = **108 points** (R\:R ≈ 0.76) * **To 2nd Target:** 9900 - 9692 = **208 points** (R\:R ≈ 1.46) * **To Final Target:** 10000 - 9692 = **308 points** (R\:R ≈ 2.17) --- ### ✅ **Key Considerations** * The reward-to-risk ratio improves at each target level. * Make sure price action or indicators support this long bias at 9692. * Adjust position sizing based on your risk tolerance (typically risking 1–2% of capital).
A confident close in the S&P 500 daily chart on Friday was an indicator that buyers are willing to hold positions through the weekend. But the next challenge will be to carry through of this momentum on Monday starting with the Asia session Sunday night 5 o'clock Chicago time. The upside objective for Monday would be 5750.
Bitcoin has had quite the run up since 2023 and is currently in an ABC corrective pattern after a 5 wave impulse. The January high was the starting point. The April low was A. Now is the top of B which happens to be 0.618 retracement of the A wave. What follows is a down move for C which should end somewhere between 63k and 53.5k. This will make a bottom and will stay in accumulation until late 2027 early 2028 before shooting to the upside in anticipation of the next halving.
Though H&S Pattern has formed but Currently at an Important Support around 200 - 202. Next Support lies around 193 - 196. Though there is Bullish Divergence on shorter time frame but its resistance is around 226 - 231