4C Trading News

2022-10-07 07:43:13 Diamond Report of the week (07_10) Open / Comment

2022-10-06 11:46:13 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading around 20,000 at the time of writing.

The trading volume in the previous session was below its average level and negative, with prices closing in the form of a hangman, which is not good news.

The daily technical picture remains positive with the MACD and WaveTrend rising. On a 4h time frame, indicators are neutral to negative, so we can potentially expect a retracement.

What to do now?

Unfortunately the same thing as for the last 3 months, namely nothing. We are still stuck in this range and as long as we are there we will remain patient.

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

Until then, be well, I wish you all a great day! Open / Comment

2022-10-05 11:12:40 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is now trading just above the fateful 20k level.

The trading volume in the previous session was below its average level but not by much. The latter was largely boosted by the incredible volume levels of the past week on Binance.

The daily technical situation remains positive with the MACD and WaveTrend pointing upwards. On a 4h time frame, the indicators are also positive despite signs of bearish curves visible on the WaveTrend.

What to do now?

BTC is now trading above its Wilder average but this is not enough to open a long term position. As long as we are neither below 17k nor above 24k, we will abstain.

https://www.tradingview.com/x/eT6M8Svs/

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

2022-10-04 10:51:06 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is once again testing its Wilder moving average and is now trading just below the 20k level.

The trading volume in the previous session was higher than the weekend sessions, which is not surprising. However, it was below its average level.

The daily technical situation remains positive with the MACD and WaveTrend still pointing up. On a 4 hour time frame, the indicators are also positive.

What to do now?

It is still too early to do anything unfortunately, as BTC needs a break of the 24k before taking a medium/long term position.

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

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

2022-09-30 14:21:41 Diamond Report of the week (30_09) Open / Comment

2022-09-28 13:01:06 BTC Update

What's new since the last update guys? Well BTC is trading below 19k again after testing and failing miserably below its Wilder moving average.

The trading volume in the previous session was extremely high and therefore significantly above its average level.

The daily technical situation is now neutral as the MACD did not finally cross higher at the close yesterday. The WaveTrend remains positive but shows serious signs of a bearish cross ahead. On a 4-hour time frame, the indicators are negative.

What to do?

As I said yesterday, as long as we remain in this kind of range, it is too dangerous to take a medium to long term view.

https://www.tradingview.com/x/md3OG8On/

While waiting for a clearer situation, I wish you all a great day! Open / Comment

2022-09-26 11:51:10 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is trading back above its 19000 level.

The buying volume over the weekend was rather low and below its average level.

The daily technical situation remains negative even though we can already see signs of bullish bends on the WaveTrend and MACD. On a 4h time frame, the indicators are positive.

What to do now?

Well BTC is still trading in a no-go zone and it is still too early to open a swing buy position.

https://www.tradingview.com/x/zlqN3toh/

Be careful in the meantime, I wish you all a great day and a great week. Open / Comment

2022-09-23 11:21:29 BTC Update #BTC_Update

What's new since the last update? Well, BTC is still trading around 19200 after an up session yesterday. Bitcoin has indeed gained more than 5%.

The trading volume has once again been above its average level, and is now on the rise again.

The daily technical situation remains negative but we can already see signs of bullish curves on the WaveTrend. On a 4h time frame, the indicators are positive.

What to do now?

At the risk of repeating myself, prices remain in a range where it is not wise to open a swing position, so patience!

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

Stay safe in the meantime, I wish you all a great day! Open / Comment

2022-09-22 11:45:08 BTC Update #BTC_Update

What's new since the last update guys? Well after flirting with 20k yesterday, BTC ended the session down with a close around 18500, status quo!

The trading volume in the previous session was unsurprisingly higher than its average level given the size of the trading session.

The daily technical situation remains negative with the MACD and WaveTrend pointing downwards. On a 4-hour time frame, the indicators are positive.

What to do now?

A little bit of animation yesterday at the end of the session but not enough for us to break out of this consolidation zone. The best thing to do for now is to be patient.

https://www.tradingview.com/x/2dnrDdUb/

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

2022-09-21 10:40:32 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading around 18800 and has not managed to stay above 19000.

The trading volume in the previous session was once again above its average level. The latter seems to be taking a break from its growth phase.

The daily technical situation remains negative with the MACD and WaveTrend pointing downwards. On a 4-hour time frame, the technical indicators are neutral with a negative WaveTrend and a positive MACD.

What to do now?

Still at the same point, we are not low enough to short and not high enough to open a long position. So we will have to be patient again.

https://www.tradingview.com/x/jR4tpu7h/

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