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Bitcoin Same Price One Year LaterWill Bitcoin finally hold from declining any further? Only time will tell, but this level has held strong before so let’s see what happens next. A high was formed in January 2021 at $42,000 but the following month price surged past this level. From then on we have seen a sideways market. This level was then used as support in September 2021 before we saw a bounce and price go on top create another new all-time high briefly. Price has since declined from the all-time high of $69,000 and come down to the January 2021 support zone. So far this week we are seeing a bounce and we may well start to see another bullish move. The $50,000 round number does stand in the way but with enough momentum, this level can be broken again. A surge in the price in Bitcoin should see the rest of the cryptocurrency market form strong bullish moves as well. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSDLong
by Sublime_Trading
S&P New Year's DeclineIt’s the start of the year, and already, the markets are displaying a bit of turbulence to shake off the dumb money investors. This is merely a pullback for now, and there are clear signs to confirm this. We can see that the S&P has been using the 20 and 50 simple moving averages as support since the breakout in November 2021. At times when price moved lower than the 50 simple moving average, it didn't take too long before it resumed the bullish trend. On January 4th 2022, price started to decline from a height of $4818 and pulled back to the 50 simple moving average, and did move below this indicator but didn’t close too far from it, forming a reversal candle. This was our indication that a pullback was in play unless we continue to see further weakness. So what we want to see now is a move towards the current all-time high at $4818 and then a break and close above this level. We continue to look for bullish stocks as the overall market still looks strong. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Bitcoin Set For A Late Christmas Rally?April 2021 saw price decline 51% from a high of just under $65k to a low of $30k, where the 50 simple moving average was used as support. There was a reversal back to the upside after hitting this indicator and price went back towards $65k, even exceeding the high from April. In November, price fell again and came back to the 50 simple moving average, and so far this week, price is starting to reverse back to the upside again. There is a clear pattern where the resistance remains around $65k and the lows are getting higher and supported by the weekly 50 simple moving average. If history repeats itself, then we should see another attempt at $65k, and we may even see price continue much further past this level. Let’s see what happens as we go ino into the new year and see if the buyers can build enough bullish momentum to make price form another trend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSDLong
by Sublime_Trading
S&P 500 Christmas Breakout?The S&P is moving along well but is also encountering a few stumbling blocks along the way. In September and October 2021, price went into consolidation, which was due for that time of the year, and a breakout followed this. The start of November saw the beginning of another period of consolidation, which price currently remains in. Price has attempted to break out on several occasions and most recently was the last trading day before Christmas. When the market reopens following Christmas, we may see price remain in consolidation or a breakout finally. What is clear is that the overall trend remains bullish, so we are anticipating a breakout to the upside, but let price dictate the next move. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
2
Should We Be Sleeping On Bitcoin?Bitcoin appears to be sleeping right now, but should we be sleeping on Bitcoin because when it is ready to take off, we will not be given much notice as we have experienced in the past. We should always keep an eye on the market and read the information that price is providing for us. To the naked eye, Bitcoin does not look interesting as we can see price has been stuck in a range between around $30,000 - $65,000. We can also see that despite price being in a range and moving sideways, price is creating higher lows and being helped on by the 50 simple moving average. As the high has remained around the same level ($65,000), the higher lows should eventually force price into a tight squeeze. What we can expect following a squeeze is a strong breakout, either above $65,000 or below the 50 simple moving average. The bias is for a breakout to the upside as price was bullish prior to consolidation. If a breakout occurs, we can expect a strong move in this crypto. This is why we do not want to be sleeping on Bitcoin and other assets from any market that is behaving similar. As for now, patience is required and attention to detail because most of the information we need is provided by price. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
Bitcoin Consolidates - Rally Pending?Bitcoin has not made much progress since the decline from April 2021. Price suddenly fell 56% over the course of a few weeks to the weekly 50 simple moving average, which at the time was around the $30,000 round number. Following the bounce in July 2021, price headed back to the high from April and made contact in October 2021, where it failed to break and stay above the April high at $64,895. Another attempt was made in November 2021, making it slightly higher but failed as well and price has now come back to the 50 simple moving average. This indicator has held as support in the past and is currently holding price up. Time will tell if it holds strong again. As for now, we just have to wait patiently, and if this coin can find strength, we should see a bullish rally in the overall crypto market. When price consolidates, standing aside is the best course of action. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSDLong
by Sublime_Trading
S&P 500 Falls To Next Support Level!The current pullback we are experiencing in the S&P 500 is almost as deep as the pullback in September, having declined 5.11% so far. At the moment, the 50 simple moving average is holding as support. If this level fails, then we have the 200 simple moving average below, but price will have to decline a further 5% to reach it. A decline that far will see lots of profit given back to the market, but we should see a resumption of the overall bull trend over the long term. The main thing to consider is that the overall trend from March 2020 is still bullish and creating higher highs and higher lows. Once price breaks and closes above the recent high from November 22nd at $4743, we anticipate a move towards the $5000 round number. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
1
S&P Recovers From Friday's 1.56% DeclineThe S&P 500 closed Friday with a huge bearish candle, and price found itself suspended between the 20 & 50 simple moving averages. The next logical level for price to move to was the 50 simple moving average, which is the next support level on the daily timeframe. Price had other ideas as Monday opened higher than Friday’s close and near the middle of the candle. We will now have to see how the week goes. Price right now has moved below the 20 simple moving averages, which was previously acting as support. This indicator has now become resistance and should be broken soon if the uptrend momentum continues to strengthen. Despite the recent bearish moves, the market remains in an overall uptrend, and we continue to look for bullish UK and US stocks. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
S&P 500 Fake Breakout!Last week's previous post for the S&P 500, the all-time high at $4718 was highlighted as the level we want to see broken to confirm a trend continuation. Price did in fact break this level on November 22nd, but this proved to be a fake breakout. Price moved above $4718 but failed to close above this price. We can see a mini consolidation in play now, and just below we have the 20 simple moving average. The 20sma appears to be holding price up for now and providing a level of support. We now want this to be followed by a bounce and another attempt at the $4718 resistance level. As a new high was created during the fake breakout, we now need to see a break and close above $4743 to confirm a trend continuation. The overall trend remains bullish, so we are anticipating a breakout to the upside sooner or later. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
2
Gold Builds Early Bullish Momentum!Gold has been resting well, and the rest may have given new life to the bullish momentum as we are starting to see some progress this month. An all-time high formed in August 2020 at $2075, and from there, we saw a decline down through the $2000 psychological area of support/resistance and below the 50 simple moving average. Price formed an area of consolidation and formed a base just below $1700 in March 2021. Price hit this level again in August 2021, and this bounce from support has given price some much-needed momentum. We have the $2000 round number above price, which may act as resistance. If price makes it above this hurdle, then we have the all-time high resistance at $2075, which may also act as an obstacle. As price has formed a base in the consolidation zone, a breakout of the the high or low will give us an indication of where price may go next. The prior trend was bullish, so we are anticipating a bullish breakout. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
S&P 500 Ready To Breakout!The S&P 500 experienced a pullback last week and before that, price had climbed up 3.64% following a consolidation breakout. When price was pulling back, we identified the 20 simple moving average as the next level of support that price would move down to. Price did not make it to the 20 simple moving average and had instead found support above this indicator and started to move up at the end of last week. With the bullish candle from Friday’s close, we are anticipating a continuation to the upside. A break and close above the recent high at $4718 will confirm this. We are in the season where trends usually emerge, and the S&P indicates the overall market is bullish. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
2
Ethereum About To Head To the Moon?Ethereum appears to be leaving Bitcoin behind in its dust as it is making new all-time highs following the long consolidation period between May and October 2021. During that time period, many crypto traders would have lost interest and felt the trend was coming to an end, but staying on top of the charts is essential as anything can happen at any time. The 200 simple moving average acted as a strong level of support during consolidation between June and July. The bullish momentum picked up in October, which took price out of consolidation. Any breakout can turn out to be a fake breakout which is why we like to see a retest of support. So following the breakout, price tested support on November 6th before breaking above the previous high. As we see a pattern of higher highs and higher lows, we should see a continuation to the upside and potentially a move towards $5000, which is the next level of resistance. Cryptos can move fast at any time, so we will have to keep an eye on Ethereum because it appears to be gearing up for something big. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:ETHUSDLong
by Sublime_Trading
S&P Resting Before The Next Big Move?The S&P 500 looks set to repeat the trend which unfolded last November. Back then price formed an area of consolidation from September and this also occurred this September as well. When we notice patterns in the market, we need to pay attention because it will provide us with an advantage and give us an edge that could prove very profitable. Following the area of consolidation between September and October, price formed an inverted head and shoulders pattern which is a trend continuation pattern. And as we can see, the trend has continued to climb higher. Since breaking out of consolidation above $4545 on October 25th, price continued to head up with a clean move, so we expected to see a pullback sooner or later. Price has now started to pull back after forming a new all-time high at $4718. The levels of support below price are the 20 simple moving average at $4586, and then we have the resistance turned support at $4545. The 50 simple moving average is also below that, just in case we see a deeper pullback. As for now, the market is bullish overall, and we are anticipating a bull trend continuation. Our stocks are currently performing well, and we are looking for compounding opportunities. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Crude Oil Heading Towards $100Crude Oil has come a long way since the lows of April 2020, which took price down to just 1 cent. Price has since climbed back over 16,000% and currently looking strong. The first hurdle following the decline was in November 2020 when price approached the 50 simple moving average resistance level on the weekly timeframe. After defeating this indicator, price went on to challenge the 200 simple moving average, which at first held its ground, but price eventually broke through. Price went on to break above a previous level of resistance at $66 on its second attempt and did the same for the resistance at $76. Now that price has broken through multiple levels of resistance, the next major resistance that stands in the way is the $100 round number. This psychological level of resistance may prove difficult for price to break, so we need to keep an eye out if and when price approaches this level. For now, we can expect to see further moves to the upside and maybe even a retest of the support level at $76. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:USOILLong
by Sublime_Trading
S&P 500 Recovering Fast!The market appears to be recovering from the annual September pullbacks, as we can see with the S&P 500. Following the recent declines, price found support at $4305 on September 20th and then it looked as though the pullback was over. But after failing at the resistance zone consisting of the 20 & 50 simple moving averages, price declined again, but this time slightly lower than the previous low. Price then moved up and declined once more but not as low as its previous low, forming an inverted head & shoulders chart pattern. This pattern is an early indication of a potential trend continuation. Following this chart pattern, we can now see that price has continued to move to the upside and is currently just 9 points away from breaking the all-time high. A break and close above this level will confirm a trend continuation, and this should be followed by strong moves across the board in both the UK and US markets. We tend to see new trends emerge from October/November, so be on the lookout or new stocks appearing in our community and our weekly newsletter. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
2
S&P Resting Before Further Trends!The S&P 500 remains in an area of consolidation for now, following the decline we experienced in September. A high of $4545 was formed on September 2nd, then a pullback came into play which we anticipated as September is usually the weakest month of the year. The pullback was deep but did not touch a previous level of support or resistance. Price has since tried to move back to the upside, but the move has been halted by 20 & 50 simple moving averages resistance levels on two occasions now. The next obvious level of support we can expect price to move towards is $4233, which is a previous low from July 19th. Below this lies the 200 simple moving average. The 200 simple moving average is a more robust level of support and has a higher probability of holding price if the first level fails. The overall trend remains bullish, and we tend to see trends emerge around October/November, so we anticipate that the bulls will pick up momentum over the coming weeks. Remember that we can not predict the next move but only anticipate what may happen based on current market conditions. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
S&P 500 Pullback Coming To An End?The S&P 500 is still in a pullback phase, seeing a decline of 4.5% so far since September. The move is almost equal in size to the decline we witnessed in September 2020. What we need to do when price pulls back is identify levels that price may gravitate towards so that we are prepared in advance to manage our positions and give us the advantage of getting ready for future opportunities. Now that price has moved below the 20 & 50 simple moving averages, we need to look for previous levels of support. The next level of support is at $4233 from the July 19th 2021 low. If this level fails to hold then we have the 200 simple moving average which is currently at $4144. We can not predict how low the pullback will go but as long as we continue to see a pattern of higher highs and higher lows, the bull trend should resume soon. We are still bullish and will have to remain patient while the market corrects itself. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Can Apple Bounce?Apple is experiencing a weak September, but a quick inspection on the monthly timeframe shows price is now finding support at a resistance level turned support. This level is based on the January 2021 high at $145. Price initially broke above this level in July 2021 and started pulling back this month. Last week price opened below this level but closed above it, closing with a strong bearish candle. We have the $150 round number above price, so even if we start to see bullish momentum, this will be the first hurdle for price to get through. The next hurdle will be the all-time high at $157. As the overall trend is bullish, we anticipate a bounce from support. If the long-term trend is as strong as before, it should make light work of the resistance hurdles in the way. As we have positions already running, we will look for compounding opportunities once we begin to see breakouts. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AAPLLong
by Sublime_Trading
Another Rally For Bitcoin Due?Bitcoin is currently going through a stagnant phase as it is moving sideways and not moving much in either direction. December 2020 to April 2021 was a good run for Bitcoin as it experienced a move from $19,700 to over $64,800. The decline that followed brought price to the 50 simple moving average. The first contact was made in June then again in July. The July move took price up to $52,000 with a nice clean move but a pullback from early September followed this. Price has come close to the 50 simple moving average this month but found support just above this indicator. The 50 simple moving average is just around $40,000, strengthening this area as a potential support level. Bitcoin may still see another rally if price can find its footing at support and build the momentum to then go on and create new all-time highs. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
Palladium Back At $2,000!Following the peak of the Covid pandemic in March 2020 when price declined by 48%, price turned around and gradually moved back to the upside, eventually breaching the all-time high 11 months later. In May 2021, price created a new all-time high at $3,017 before heading back down towards the weekly 50 simple moving average. The 50 simple moving average was an important catalyst in the growth of price and appeared as though is was going to hold as support again in August 2021. Price breached this indicator and has since moved further down to the next obvious level of support: the psychological $2,000 round number. If this support zone holds strong, we should soon see a bounce back to the upside and a bull trend resumption. The bigger picture shows us that price is in a long-term period of consolidation, which began in February 2020. The all-time high in May 2021 was just a fake breakout. For now, this commodity will likely prove challenging to invest in, so the safest option is to wait for a break and close above the all-time high at $3,017 before considering any long opportunities. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUM
by Sublime_Trading
S&P 500 Back At SupportSeptember is usually the weakest month of the year in the stock market, so we were ready and waiting for a pullback to appear. From September 2nd, we started to see a slow down in momentum as an indecision candle formed and from there price started to decline. The 20 and 50 simple moving averages are our expected levels of support, and as we can see, price is now in the space between these two moving averages. Since November 2020, both moving averages have acted well as support during the trend. Although price has moved below the 50 simple moving average at times, it has consistently resumed the trend and gone on to create new all-time highs. If support holds again, we need to see a break and close above the all-time high at $4,545, followed by a move towards $5,000. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Bitcoin Surges Up!Blink and you can end up missing some big moves in Bitcoin which is taking on a life of its own. This instrument was showing signs of weakness in May this year where it fell to below $30,000 and hit the weekly 50 simple moving average. In July, the buyers came back into the market and have pushed price up 79% to where it currently stands at over $50,000. Although the last 2 months have been bullish, price is still over $13,000 away from the all-time high at $64,895 so there is still a bit of fight for the bulls to overcome. This current decline followed by the bounce could easily turn into a long-term period of consolidation that could last for months and even years. Right now though, the momentum could take price to record highs. With Bitcoin on the move, you will notice that other coins are starting to move too and Ethereum is another strong cryptocurrency. Bitcoin is seen as the main cryptocurrency and the index for this market that shows us how this market is performing overall. We now want to see price breakout and rally through the rest of the year. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSDLong
by Sublime_Trading
More Record Highs For The S&P 500!The S&P 500 continues to climb up the slope formed from the 20 and 50 simple moving averages. In the last post, price had broken above a previous high at $4480, and has now moved up another 1.5%. The trend in this Index is strong, and we can see a nice pattern of higher highs and higher lows forming here. It was only back in April when price was approaching the $4,000 round number, and there was some uncertainty whether price would make it past. 5 months later and price has moved well beyond that level and looks set to move towards $5,000. The journey to $5,000 may be a bumpy one as we might see periods of consolidation and other forms of turbulence along the way. Price is halfway there and the market currently looks strong as a whole, with stocks creating record highs in the strong sectors such as Health Care and Real Estate. We shall continue to take only the highest probability opportunities to increase our edge over the market. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading