SublimeTraders

SublimeTraders

I think ether is going to make a promising move here

SublimeTraders

Hello Everyone, Let's look at the daily chart and try to analyze what is going on at the moment. We've had a reject at $8600 two days ago, but the volume is not extremely high , we have a lot of sell walls at the $9040-$9050 levels that might break the upside swing. Here we have 2 possibilities, either we break $9200 and then we have a clearer view on the...

SublimeTraders

Miners under pressure, sellers getting stronger, what can happen this week? Hi everyone, this is our insight for this week. First of all let's look at the non graphic macro , in our case a very important stat is miner profitability. In short if they are profitable they aren't as inclined to sell in order to pay bills, but it is not the case now, even the Chinese...

SublimeTraders

Hello Everyone, Starting this analysis with the daily chart. Local daily high at $7836.5 and the 0.618 Fib is still untouched, volume is not sufficient to break the resistance line drawn by it. Possible retrace in the works, but it's to soon to tell. On the hourly chart we can clearly see that we are approaching the end of the flag pattern and entering the...

SublimeTraders

Hello Everyone, Quick look at the hourly charts. Flag pattern takes shape more and more, with the pole on the 23rd of April, we're now at the midway between the top resistance(kinda strong and respected with 4 touchpoints) and the nearest support at $7627. I see a short opportunity here, however with tight stop. Follow us on live stream on Twitch for real...

SublimeTraders

Hi everyone, Back with another view of the BITMEX:XBTUSD contract on Bitmex. Let's start with the daily which is looking like it's about to go trending after 7 days of range motion between $6750 and $7300 , we might have a zero candle (that doesn't say much about the market) which might shake off some early shorters or buyers. We are also squeezed between the...

SublimeTraders

Hello everyone, Yesterday went as expected, we hit our (orange circle) and almost our hourly support with a precision of one hour (which is nice). We seem to be hugging the lower side of the channel now and the hourly resistance moved down a notch to the $7200 levels. The MA's are not defined correctly in the hourly but as it sits this seems like a 2:1 long...

SublimeTraders

Hello everyone. We are still trending in an ascending cchannel on the hourly chart, the week-end was calm and things will propably start to make more sense over the course of this day. For now we have our daily low at $7088 and it might get lower, maybe down to the lower part of the ascending channel. We still have high selling pressure and it seems that the...

SublimeTraders

Hi everyone, back with some new insight. On the 30 Minutes chart things are looking more to the upside , we have a gravity line that seems to pull everything together (marked in this image), this line also "helps" with the squeeze we are now facing between the downtrend line and the bottom of the upward channel. For positions in higher timeframes this...

SublimeTraders

Hello everyone. Intraday analysis for the day . Daily close in yet to come, and if it closes above $6750 we have a possibility or a retest of the trendline. If it doesn't , we can expect to go down to the $6600 levels. In a more broader view, we are being squeezed out of the general pattern, many factors can intervene as whether we get out of it in the short...

SublimeTraders

Good morning everyone, back with another analysis on the BITMEX:XBTUSD on the 4h Chart. After a relatively uneventful weekend , except the fake pump / attempt at the downtrend resistance line powered by hope or maybe just boredom we find ourselves clearely in a downwards pointing pattern. We are out of the WEDGE ! And on the lower side, slowly but surely...

SublimeTraders

Hello everyone, As predicted, yesterday was a day of high volatility , with a failed attempt to break the descending resistance line, the price dropped 5.98% in 7 hourly candles to the lower part of the ascending wedge(remember that this is a bearish pattern), but also seems to have pinned in the $6950 areas. As of writing , the hourly chart seems uncertain,...

SublimeTraders

Good morning everyone, on todays analysis we will focus on higher timeframes and work our way down to hourly on BITMEX:XBT . On the daily chart, we are have failed to break the higher high , or the lower low for that matter and are at 7430 High and 7152 Low, we are in an indecisive period or should we say more of a waiting period. Waiting because we are...

SublimeTraders

After breaking the 7300 mark yesterday, BTC USD is currently standing at around 7400 and failed to depass the previous high of 7464.5 leaving us in an uncertain period on the hourly chart. Failure to create a higher highh could mean that the market is not yet ready to continue and a reverse might be possible as we also hit overbaught on the daily chart. Our...