SublimeTraders

SublimeTraders

Even if the market is euphoric, we need to watch certain levels. In this example , AVAX is clearly displaying an ascending channel and not is in the lower range. Current major support at $38 and a possible high of around $45 . Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.

SublimeTraders

It’s been a while since BTC needed a real thorough update , as price action was linear and frankly we were in a version of easy mode of the market. Today we wanted to catch your attention on the current price action and chart formations. After the market sell off kindly provided by a group of whales last week, the price action has been scribbling around and...

SublimeTraders

Volume picked up soon after the markets opened in the US . With huge the huge news of Grayscale winning the ETF case against the SEC. BTC is booming and the volume is absolutely bonkers. Potential target in the chart.

SublimeTraders

#BTC Technical Analysis on the Daily. Hello Sublime Traders, As the volumes seem to be spiking at regular intervals (mainly mid week), chose to look at the daily for this one as it lets us get a better overview on what is happening to BTC. For better understanding of the chart, the price action is split in 3 areas. Area A: Horizontal range with two...

SublimeTraders

Hey there Sublime Traders family, Last week's analysis was a warning about the price action that was really light and undecided nearing key resistance levels. We have since opened SHORT on BINANCE:BTCUSDT and the trade is still going. The pattern was clear enough but the fact that it wasn't accompanied by volume made us go in with low risk. The projection...

SublimeTraders

On the daily timeframe, BTC is in an ascending wedge pattern that has had few confirmations. The price is now really in waiting mode, just below the higher range of the wedge. While this pattern is usually bearish, the fact that the price is paused in the higher end of the formation means that the price is also ready to break to the upside, just waiting for a...

SublimeTraders

#BTC update BTC went beast mode the last few days, left the descending channel and almost reached the top we were talking about yesterday. Price closed above 0.66 and continued further. In this update i would like to get your attention to an inefficient candle, marked on the chart along with it's volume, the ineficient candles mark weakening markets, where...

SublimeTraders

We had a good run until now and took some profits. BTC price has left the descending (bullish) channel successfully and is now pausing at the fibonacci level 0.66 . I really do hope that you guys have understood the relationship between the 0.33 and the 0.66 that we always preach about, if you didn't just know that you can always contact us to know more or ask in...

SublimeTraders

⭐️Market UPDATE⭐️ The market is expecting results and explanations from the US economic and regulatory institutions. As many of you know, when BTC moves, everything moves in unison, when BTC is dormant , usually some alts take off , and this happened recently with LINA, ALPHA, TOMO and some other less notable coins. You could say that we could have taken those...

SublimeTraders

I've been keeping an eye on the crude oil market and it's been quite a ride. So, OPEC+ had a meeting in Vienna and they've decided to cut production starting from July 1st. It's interesting to note that Saudi Arabia is taking the brunt of it, slashing their production by a million barrels per day. This means they'll be producing around 9 million barrels per day, a...

SublimeTraders

Hey traders, When we take a step back we see things clearly. On the weekly chart we can establish the following facts: - Price is in an accumulation pattern (high volume tests on the downside, low volume on the upside) - Descending trendline confluent with 0.33 offering strong overhead resistance - A target that is more than viable , also a confluence between...

SublimeTraders

This #BTC daily chart says a lot. We have a descending channel, a head and shoulders pattern and two identified order blocks. If we were to prioritize any over the other , the suspected direction result would be the same as we have weakness dropping out of the H&S, continuation to the downsides on the descending channel and a resistance level so thick (upper...

SublimeTraders

Price seems to have left the ascending range in a consistent manner. We closed several candles below this formation and we have even retested it. Currently the prce is sitting on the first supporting orderblock, that is indeed a small one but that has a lot of liquidations to be grabbed. As the chart says , if we break this block we can be sure to go on the next...

SublimeTraders

Was announced last week, was prone to happen. Closing profit now seems to be the logical thing to do .

SublimeTraders

Hello traders, Sharing my thoughts on #BTC daily and hourly. IF you like my analysis please like and follow. If you don't just comment what your opinion is, feedback is always appreciated. Drew a simple ray line that can be interpreded in multiple ways, so i added a trend fib that only uses 0.33 , 0.5 and 0.66 in order to make some sense of the chart. For the...

SublimeTraders

Hello traders, Clearly , ETH is playing in a fairly tight range that has the low at $1710 and high $1842. We can note a very reactive VPVR at $1751 which we can consider a refuge for trades inside this range. Remember that ranges are part of the market and can be good for scalping or ranging strategies like grid trading. The challenge with grid trading is to...

SublimeTraders

Similar pattern forming as seen in the chart, there is a high chance of the price going to the fib first then going back down. Shortable at this level with half of a position , readding near 0.66 would be the second entry, if broken, we can SL above the 0.66. Target $19.600 . Longer term will be hunting for an entry at the support block - at around $16800

SublimeTraders

Hello traders, Short update on #btc that seems to be trading at low volumes at the low of the ascending range or flag formation. Two scenarios here : 1 Straight up . Where we will meet heavy resistance (confirmed by the orderbook) at 22800- 22950 2 Down to test the support @ 22950 and subsequently the block 21500 What's your take? Which scenario is your favourite?