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Bullish Patterns

25/11/24 Weekly outlookLast weeks high: $99,591.61 Last weeks low: $89,381.02 Midpoint: $94,486.31 Crypto continues to climb! Bitcoin less than 0.5% off the famous $100,000 milestone, we could see it broken this week if momentum is to continue going into month end. Last week we saw a steady climb from Monday to Friday with a similarly steady sell-off over the weekend, mostly due to lack of institutional buying that we've been used to since the Trump election win. This drop in buyers over the weekend naturally brings price down as the buyside demand drops, however it is expected to return during the weekdays. Altcoins benefited from this reduction in BTC buyers with a shift from institutional whales to more retail players over the weekend. I expect to see the momentum return to BTC during the week. We saw BTC ETF options trading launch last week with 83% of hundreds of millions of dollars in volume betting on the price being higher, one contract of which (C100) expires on 20th Dec says BTC price will double in 1 month! This week the question is will we see $100k, and what will happen if we do? Naturally there is a psychological importance to a big even number like this, and for retail investors that could be considered as a big thing, a possibly bearish level as retail takes profit, the story hits the mainstream news and creates a sell the news event? In previous cycles I would have said that was very possible, however, now the market is driven by institutional investors, ETF's and whales. These people are not interested in these 'big even numbers', they're interested in the bigger picture and for that reason I could see BTC blasting through $100,000, catching retail sidelined and having them panicking to re-enter, that's when a possible pullback could happen as that would be max pain for retail. I do think a pullback is coming eventually but for now the structure is very positive, shallow pullbacks are being bought up quickly with HH's & HL's consistently. For this week I am looking at ETH against BTC as it looks to claw back some gains having been left behind this cycle so far. Altcoins are looking good too, the longer BTC pauses the more money will flow into alts, however any significant pullback in BTC will nuke alts as it has all year.
by ProR35
Roblox Corporation (RBLX) AnalysisCompany Overview: Roblox Corporation NYSE:RBLX is a trailblazer in the gaming and metaverse sectors, offering a platform that enables users to create, share, and play immersive experiences. Its user-generated content model drives high engagement while keeping operational costs low, positioning the company for sustained growth in the evolving digital entertainment space. Key Drivers of Growth: Strategic Partnerships: Roblox’s partnership with Monarch focuses on enhancing operational efficiency and customer satisfaction, key factors that can improve both user retention and financial performance. User-Generated Content (UGC): The platform thrives on UGC, ensuring a constant flow of new and engaging experiences while minimizing content development costs. This model not only drives long-term engagement but also fosters a community-centric ecosystem that scales naturally with user activity. International Expansion: Localization efforts and targeted marketing in international markets open new revenue streams. By tailoring the platform to diverse demographics, Roblox aims to capture significant market share in regions where gaming and metaverse adoption are on the rise. Platform Monetization: The introduction of enhanced monetization tools, including developer incentives and virtual item sales, contributes to revenue diversification and aligns platform success with creator growth. Investment Outlook: Bullish Stance: We are bullish on RBLX above $45.00-$46.00, supported by its innovative business model, expanding global footprint, and strong user engagement. Upside Target: With the company’s strategic initiatives and robust growth prospects, we target $75.00-$77.00, reflecting the potential for significant gains as Roblox scales its metaverse ambitions. 📈 Roblox—Leading the Future of Immersive Entertainment! #Metaverse #GamingInnovation #UGC
NYSE:RBLXLong
by Richtv_official
Redwire Corporation (RDW) AnalysisCompany Overview: Redwire Corporation NYSE:RDW is a leading player in space infrastructure and advanced space technologies, driving innovation across multiple domains, including lunar exploration, in-space manufacturing, and solar power solutions. With a strong portfolio of high-profile contracts and cutting-edge capabilities, Redwire is well-positioned to capitalize on the growing space economy. Key Developments: NASA Lunar Gateway Contract: Redwire secured a $100 million contract with NASA to develop solar arrays for the Lunar Gateway, a critical component of the Artemis program. This deal establishes a strong revenue base and reinforces Redwire’s role as a key partner in the advancement of lunar exploration. Roll-Out Solar Array (ROSA): The successful deployment of ROSA technology on the International Space Station (ISS) showcases Redwire’s engineering prowess. As demand for efficient and scalable space power solutions grows, ROSA positions Redwire to address increasing needs across satellite constellations and deep-space missions. Strategic Acquisitions: Redwire’s acquisition of QinetiQ Space NV, a European space infrastructure provider, expands its geographic footprint and diversifies its product offerings. This move enhances Redwire’s ability to serve international markets and strengthens its position as a global space technology leader. In-Space Manufacturing Leadership: Redwire’s participation in NASA’s OSAM-2 mission highlights its leadership in in-space manufacturing, an emerging and transformative capability that will enable the on-demand production and repair of spacecraft components in orbit. Investment Outlook: Bullish Outlook: We are bullish on RDW above the $9.50-$10.00 range, supported by its robust contract pipeline, proven technology, and strategic market expansion. Upside Potential: Our price target is set at $20.00-$22.00, reflecting Redwire’s potential to grow its market share and capitalize on the increasing global investment in space infrastructure. 🚀 Redwire—Building the Future of Space! #SpaceInfrastructure #LunarExploration #InSpaceManufacturing
NYSE:RDWLong
by Richtv_official
XRP's Parabolic Rally Sets the Stage for ConsolidationRecent Performance: XRP has experienced a parabolic rally, tripling in value since mid-October. This explosive price movement has firmly established the long-term bullish trend. Current Outlook: Healthy Consolidation: A period of sideways consolidation or a pullback would be beneficial, allowing the market to stabilize and form a flagpole pattern. This structure could set the stage for the next leg up. Upside Potential: If XRP resumes its rally after consolidating, it could aim for $2.50-$2.80. Risks: Overheating Concerns: A rapid rise to $2.50-$2.80 without a consolidation phase may indicate market instability. Historically, such sharp moves often lead to steep corrections. Key Levels to Watch: Support: XRP must hold above the $1.05-$1.10 range to maintain its bullish trajectory. A break below could indicate a deeper retracement. Resistance: Beyond $1.50, the next key levels are $2.50-$2.80. Outlook: The path of least resistance appears higher as long as support levels are respected. Watch for consolidation or a retest of key levels before the next move. For traders, this phase offers an opportunity to assess risk and prepare for the breakout scenario. #XRP #CryptoTechnicalAnalysis #BullishMomentum
BITSTAMP:XRPUSDLong
by Richtv_official
$BTC Analysis update: What's Next ?** CRYPTOCAP:BTC Analysis: What's Next?** As you can see, CRYPTOCAP:BTC has completed its previous consolidation phase, which lasted six months. The recent *Trump election pump* coincided with the end of that phase, leading to a new, massive parabolic rally. However, signs are emerging that the market is overheating: - **RSI**: Indicates overbought conditions, suggesting a correction is due. - **MACD**: Overheated and also signaling an impending correction. On a **weekly timeframe**, history tells us that similar situations have resulted in sideways movement for about six months, with a 30–40% downside, before the next major rally begins. --- ### Will This Trigger an Altseason? Most likely, yes. During these cooling-off periods, investors often turn their attention to altcoins, which tend to be more active and engaging during such times. --- ### MACD Insights By counting the bars on the MACD, it looks like we might have **two more weeks of upward movement** before an EMA crossover signals the start of consolidation. --- ### Looking Ahead The next major pump could occur around **May**. Let’s see how this unfolds. **Remember:** Do Your Own Research (DYOR).
Short
by CryptoNikkoid
6
Alice, Invers H&S + potential algo target at $107, 74xthis technique is experimental. since Alice doesn't have data going back the lows of 2020 I've pulled the fib from the from the all time highs and set the lows of price action to be in line with the 0.707 fib. this should give a conservative algo target if it runs with the rest of the market. disregarding the fat finger wick, there's also a inverse head and shoulders target that lines up in the same area as the order block and bear pocket. no idea if the algo target will play out, but if it does I'll defiantly be adding this tequnique to my arsenal. See linked BTC chart for why my charts are so bull. The Trade: Preferred Entry: $1.07 or a 0.168 retrace of this impulse wave (if we get one) Ape Entry: $1.46 Stop: $1.00 Resistance: $6.78 - order block + bear golden pocket. Inverse H&S Target: $8.80 Potential Algo Target :$107 D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BINANCE:ALICEUSDLong
by TribeWriter666
2
BTC Long Term OutlookLooks pretty straight forward for me. Another bull run in horizon. Below are my reasons for this belief: Fundamentals - Next halving is coming in just over a year - May 2, 2024 - There were a few black swan events in the past year and price of btc managed to keep very strong still. - The black swan events occurred due to human fault, and the trust in the traditional systems are broken. People are realizing slowly that crypto is actually much more secure and people friendly compared to the centralised traditional systems. - Price of everything has risen in the past year to all time highs; houses, cars, lands, even groceries. Inflation is real. And to be able to hedge against inflation you need to but assets which are scarce by design - Bitcoin and Ethereum. (I expect Ethereum to be better in terms of hedge against inflation in the long term tbh - due to the new token economics after the merge) On-Chain Data - On-chain data shows the wallet addresses with equal or more than 0.1 btc balance and 1 btc balance are at an all time high. - Address with equal or more than 1000 btc are at Sep 2019 levels, I take this positively as there are 440 less whales to dump their btc - all time high on this data was on Feb-March 2021 which is the first top of the 2021 run. We can easily see that a lot of whales decided to sell out and probably triggered the bear run down. People have been accumulating and it shows by the amount of smaller addresses (retail) popping up and hitting all time high. Indicators ACMF (money flow) - still under 0, which is ok considering we are in a bear market. On the weekly chart it shows the only times we have had this low was close to the bottom of the cycles. TLL RSI - One of the longest oversold stays on this indicator. I expect this indicator to make a move up soon and that will be one of our serious que in the short-medium term to validate this idea. Hope you enjoyed it, if you did, please boost and comment what you think about it. Thanks
BNC:BLXLong
by TheAlchemist888
1
EOS The Ethereum Killer LOL - BUY & HODL EOS was supposed to be the Ethereum killer, LOL. However, if the Crypto Markets start booming then EOS ( EOSUSDT , EOSUSD ) would triple the ATH. I've been holding and adding more on the next drop. A good level IMO is: $0.50 . My Technicals: * Elliott Wave A-B-C Pattern * Cycle Analysis (Early '23) * Super-Cycle (b) (turquoise) Completion * Demand Zone @ 0.50 Levels * Zig-Zag Pattern (Correction) I am expecting a Crypto Bull Market to start soon.
HITBTC:EOSUSDLong
by Lionheart-EWA
15
TIA/USDT 4H Celestia is a project that has a lot of potential this Bullrun, we saw an early surge in the beginning of the year once the project was released nearly one year ago. A modular blockchain network, first of its kind is an exciting new technology and we've seen how well new projects do during their first Bullrun often outperforming their older rivals. I would like to see the bullish pennant formation playing out now. The bearish downtrend breakout caused by a republican victory results in a breakout & retest of the BULLISH OB as new support. Now a bullish pennant has formed midway up the mini range, normally this is a continuation pattern and with the bullish narrative in play I think it's probable we see this pattern play out fully with the resulting rally hitting resistance around the $6 mark (BEARISH OB). IF deciding to take the trade once the parameters are met a conservative 2.25R trade is in play , once the first TP is hit the larger SL can be moved to Break Even . I do believe that TIA continues to move beyond the $6 mark however there is a lot of resistance there for now. A separate trade outlook will be needed to tackle that area.
by ProR35