4C Trading News

2022-12-24 17:47:00 BTC Update #BTC_Update

What's new since the last update guys? Well, it looks like Bitcoin has decided to go flat before the holidays, as it is still trading around 16800.

BTC is still below its wilder moving average, however, and trading volume in the last few sessions has been below average. The latter has continued its steady decline since early November.

The daily technical situation remains negative but we can distinguish signs of bullish curves on the WaveTrend and MACD. On a 4h time horizon, the indicators are positive.

What to do?

For the moment nothing has fundamentally changed since the last time, so I invite you not to take any undue risk in this holiday season. It is likely that we will go lower in 2023 and we will buy at that time.

https://www.tradingview.com/x/KuHaWElY/

In the meantime stay safe, I wish you all a Merry Christmas! Open / Comment

2022-12-21 20:20:45 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is trading around 17000 after having reached a low around 16200.

The trading volume in the previous session was above its average level. The latter has been steadily declining since the low point reached on November 9th.

The daily technical situation remains negative with the MACD and WaveTrend pointing down. On a 4h time horizon, the indicators are positive.

What to do now?

As long as we remain below the 17680 level, it will be too dangerous to open a medium-term buy position. In the meantime remain cautious!

https://www.tradingview.com/x/UicHv3SW/ Open / Comment

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2022-11-23 15:15:01 ​ BLACK FRIDAY SPECIAL!!

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2022-11-09 10:50:27 BTC Update #BTC_Update

What's new since the last update guys? Well, as much as BTC was doing pretty well two days ago, the news about FTX has put a dent in it.

BTC is indeed at its lowest since the end of September and even made a foray below the 17500 level. The trading volume in the previous session was of course much higher than average.

The daily technical situation remains negative now, unsurprisingly this is the same on a 4h time horizon.

What to do now?

For the moment, BTC has still not closed below the 17680 level in daily closing, which may mean that the accumulation is still in progress, we would even approach here a Wyckoff-like pattern.

Be careful though, all of this should be taken with a grain of salt and it could well be that the news about FTX is the catalyst we were missing for the market to enter its final (or not) downward phase.

https://www.tradingview.com/x/RlzKVtTF/

In which case we are ready to buy, right? Until then, however, we are being patient and cautious! Have a nice day everyone! Open / Comment

2022-11-07 21:02:48 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is currently trading above the $20,000 level and above its wilder moving average.

The trading volume in the previous session was below its average level but it is showing signs of rising.

The daily technical situation remains positive even though the indicators are starting to trade in their overbought zones.

What to do now?

Well, even though Bitcoin has been showing signs of recovery lately, we are still in the same range for almost 5 months now. For a swing-trading position, I would tend to wait a little longer before taking a position.

https://www.tradingview.com/x/kcbAgu7t/

Until then, stay safe, I wish you all a great day! Open / Comment

2022-10-21 15:16:16 Diamond Report of the week (21_10) Open / Comment

2022-10-14 15:09:21 Diamond Report of the week (14_10) Open / Comment

2022-10-14 10:55:18 BTC Update #BTC_Update

What's new since the last update guys? Well the previous session was intense with first a test of 18k before closing at 19.3k at the end of the session.

BTC is now trading around 19600 just below oblique resistance and the wilder moving average after yesterday's session which saw above average trading volume.

The daily technical situation is now positive again with a buy signal given on the MACD and WaveTrend. On a 4h time frame, the indicators are also positive.

What to do now?

Despite a volatility that is nice to see and that we had not encountered for some time, BTC still remains in an area of uncertainty and we will have to continue to be patient!

https://www.tradingview.com/x/XendE1aE/

Until then I wish you a great weekend! Open / Comment

2022-10-13 12:02:07 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is now trading just above the 19000 level after a hidden bearish divergence between prices and the WaveTrend was activated.

The trading volume in the previous sessions has been below the average level as it has been declining since September 30.

The daily technical situation remains negative and the observation is the same on a 4h time horizon.

What to do now?

Now more than ever, nothing! The decrease in volatility can only mean one thing, it is contracting. When volatility contracts, the only way out is an explosion on one side or the other.

https://www.tradingview.com/x/6xF2rYPZ/

In the meantime stay safe, I wish you all a great day! Open / Comment