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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...

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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...

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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...

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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...

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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...

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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

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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?

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Current formation - Straight triangle flag, a lot of sell orders placed exactly at $24600 and looks like the 0.66 FIB did it AGAIN! Personal opinion is that we will stay in this formation for a while, the projections of the price exiting this triangle make sense on both sides, i guess we will need to re-evaluate for a more precise direction a bit later. For...

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Hello traders, Thought i would update you all with a BTC chart and my opinions on what can happen so here it goes. Let's first establish the formation we are in right now - straight triangle with the flat side on-top. We are now on the high side of the formation nearing the premium zone. Now usually buying at premium isn't a good idea but this premium could...

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Nothing spectacular happening until the 14th Feb in fundamental terms. Despite the fact that we look like we hit the potential top of this range multiple times we can see a pattern happening. The pattern in the chart is not bullish it can just confirm the range, the possible outcome when exiting the range still has bearish chances. Conclusion: Pattern can...

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Hey traders, here's a short update on BTCUSDT Previous target was hit perfectly, price action barely touched the target point and reverted, shorts gaining ground pushing the price lower. Two scenarios: 1 . Down to 66 fib. This would be the first logical level, chances of it happening 80% 2. Close below 0.66fib, taking out the CME gap. Chances of this happening...

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Hey traders Pretty impressive rally from the low teens to this level but where to now? We imagine 3 possible scenarios and in order to work together on this we highly encourage you to comment your opinion or additions you might have. Scenario one : White line - 5 wave move with the 4th move being at the last high - short term bearish Scenario two : Orange...

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CTXC can continue its ascendance with another formation very similar to the past one. Keep a close eye on it . We took a long spot , low rr .

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Solana is weakening after the contact with the resistance orderblock we have had in the recent rally. The market is losing steam and if the price closes below 0.33 we have an almost guaranteed run for the support block, that will probably bounce the price to 0.66 or even to 0.5 then continue lower to more averaged down levels like the support orderblock.

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ETH weakening in the range, orderbook is sell heavy. Friday losing bull steam with a pretty clear short target.

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Let's patiently wait for the price action to leave the triangle , both scenarios are viable at this time . Comment your opinion. Bull bias

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APEUSDT testing the current structure break on the 4h, also testing the highs of the range with high volume . Expecting potential breakdown and heading to the liquidity levels.