Sublime_Trading

Sublime_Trading

As we have now entered a new year we want to see if the momentum from 2020 will seep over and continue to flood us with further profits for our portfolio. During November, the S&P 500 started creating new record highs once again following its breakout of consolidation. On the last trading day of 2020, price tagged the current all-time high but was not able to...

Sublime_Trading

Bitcoin broke the previous all-time high and the $20,000 round number on December 16th and created a new record high on December 20th at $24,298. It took 3 years for price to revisit this level and we may see price move on up towards the $30,000 round number or we may even see another sharp decline. Cryptos are very volatile and very hard to get an idea of where...

Sublime_Trading

Following on from the breakout of $3588 on November 24th, price appears to be forming a linear bullish trend. We can identify this when price uses the 20sma as support/resistance as this indicates that the pullbacks are shallow and short in length of time. The most recent consolidation period (shaded area) lasted from September 2nd to November 24th and this...

Sublime_Trading

Gold has created a pattern on the weekly timeframe where it has been using the 50 simple moving average as support and appears to have done so again last week. Price did not exactly touch the 50sma but came close and used that zone as a support level. A bounce off this area does not confirm that we will see a continuation to the upside but it prepares us in...

Sublime_Trading

The S&P is off to a flying end of the year and if the momentum continues to push price skywards, then we may even see a bull trend through 2021. Price went into consolidation from September 2nd and created a fake breakout on November 9th as it attempted to break out for the first time. Then again on November 16th, price gapped up and broke out of consolidation...

Sublime_Trading

Bitcoin is on the move again and we are seeing impulsive moves similar to what we witnessed back in 2017 where price almost reached $20,000. Following the decline in December 2017, price came down to the weekly 200 simple moving average where it found support before starting another bullish rally. Price didn’t travel as far as the previous trend and only reach a...

Sublime_Trading

Leading the way in the Indices is the Dow jones which broke out yesterday to create a new all-time high. The breakout was only by 17 points so this could potentially be a fake breakout but if we see another bullish candle that clears the current high then we should continue to see a bullish rally. Not too far above where price is sat at the moment is the $30,000...

Sublime_Trading

The USDTRY has consistently been using the 20 simple moving as support since breaking out of consolidation in August and has risen by 11.7% in that time. Catching this trend near the start would have positioned you well to add compounds along the way. Recently price experienced a steep fall which would have raised concerns for many traders out there. But looking...

Sublime_Trading

With news of a new vaccine and the election of a new US president, it is unclear what actually pushed the S&P 500 to new all-time highs. However, what is clear is that we are seeing the potential for the beginning of long-term bullish trends. Prior to gapping up on Monday, price was in consolidation so we were waiting for a breakout to confirm where price is...

Sublime_Trading

The USDTRY has gone under the radar for many investors who stick to investing in only one market. This forex pair reminds us of why we need to diversify our investment pot. Since the last post, price has moved up another 4% bringing the price rise since breaking out to 20.2% and counting. Trends in the forex market usually lasts only a few months so we may see...

Sublime_Trading

The US election vote counting has been going on for a number of days now but the market seems unfazed as the S&P 500 continues to rise, with stocks breaking out to reach new all-time highs this week. September and October displayed pullbacks across the board but November is showing bullish momentum and if these moves are sustained then we should see breakouts in...

Sublime_Trading

The USDTRY is climbing fast while other markets remain stagnant. This is why we always want to have a strategy that works in all markets as our money will always be working for us. In early August 2020, price broke through a major level of resistance and is not looking back. The trend that has been established is moving better than we could have imagined and this...

Sublime_Trading

As the US election is approaching, we are starting to see some interesting movements in the markets so far today. Price is now trading below a major level of support which was the previous all-time high from February this year at $3393. This level has since been acting as support and resistance. As the markets are still open at the time of posting, we may see a...

Sublime_Trading

This year has seen a rise in home deliveries, especially during the lockdown period and FedEx appears to be one of a number of companies benefiting from this trend. Over the years price has been on a steady growth, and from a low of $34 in March 2009 price grew by 700% through to January 2018 and reached a high of $274. A decline was underway from that point,...

Sublime_Trading

The S&P 500 is showing good progress despite having a bearish start to the week. The first thing we want to look at when we identify declines against the trend are levels of support below price. If support is strong enough, then it should be able to stop price from declining further. Below price we have the 20 & 50 simple moving averages as well as the previous...

Sublime_Trading

The Turkish Lira continues to weaken which we can see in this chart where the US Dollar is displaying dominance over the Lira. Since the last post, price has risen by 1,390 pips which is 1.8%. Based on the weekly timeframe, price has not yet formed a clean pullback so we may be due one. But if the trend is strong, then we may not see a pullback for some...

Sublime_Trading

It is no secret that the stock market has recovered well following the huge declines in the markets and the S&P is a good example of this recovery. From March, earlier this year, price has climbed 57% from $2191 to its current price. On August 24th, price successfully broke above the previous all-time high set at $3393. This high was created on February 19th...

Sublime_Trading

Since the last Nike post, price has moved up 10.4% and continues to demonstrate strength in the market. Nike had its earnings release on September 22nd which had a positive effect on price as we saw a jump from $116 to $130 overnight, adding increased profits to its shareholders. That gap up in price was followed by a decline/pullback and price now appears to...