4C Trading News

2022-09-20 10:51:19 BTC Update #BTC_Update

What's new since the last update guys? Well after a test of the 18300 level, BTC is now trading above 19000 again.

The trading volume in the previous session was significantly higher than the average level. The latter marking a pause in its growth. We also note the shape of the candle which closed in a hammer, which is often bullish.

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?

We remain in the no-go zone for the time being. We could just as well see a pump from the current prices but a break of the support zone is not impossible either. That's why, as long as no decision is taken by the market we abstain!

https://www.tradingview.com/x/zv3WMeM0/

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

2022-09-19 11:16:49 BTC Update #BTC_Update

What's new since the last update guys? Well, BTC continues what it started last weekend, namely a big drop. Bitcoin is indeed getting dangerously close to the 17,600 level which might not hold this time.

The trading volume in the previous session was below its average level and it is starting to decline.

The daily technical situation is now totally negative with the MACD and WaveTrend pointing downwards. On a shorter time frame, in 4 hours, the indicators are also negative.

What to do now?

For several months now, BTC has been trading around 20k. As long as we are not clearly below 17500 or above 24000, the best thing to do will remain to abstain.

https://www.tradingview.com/x/yNv7qH5P/

Stay safe until then, I wish you all a great day! Open / Comment

2022-09-16 15:13:34 Diamond Report of the week (16_09) Open / Comment

2022-09-16 11:04:21 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is now trading below the 20k level again, a situation we know well since it has been going on since the beginning of the summer.

The trading volume in the previous session was above its average level once again, with the latter continuing its steady rise.

The daily technical situation remains neutral with a negative WaveTrend and a positive MACD. On a 4-hour time frame, the indicators are negative with signs of bullish curves nevertheless present.

What to do?

Unfortunately nothing more than yesterday, the situation has been the same for the last 3 months. It seems that the end of this flat period is near, with an outcome on one side or the other but which will at least allow us to act.

https://www.tradingview.com/x/K0Wyb11Z/

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

2022-09-15 11:10:32 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is still trading around 20k after a rather flat session.

The trading volume in the previous session was above its average level. The latter continues its steady rise.

The daily technical situation remains neutral with a sell signal already given on the WaveTrend and a MACD that still hasn't crossed lower. On a 4-hour time frame, the indicators are negative but we can see signs of bullish curves on the WaveTrend and MACD.

What to do?

For the moment nothing to do, the situation is exactly the same as yesterday and as long as we are below 24k opening a medium term buy position will be too dangerous.

https://www.tradingview.com/x/3tFYLJsN/

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

2022-09-14 11:17:42 BTC Update #BTC_Update

What's new since the last update guys? Well, while BTC had risen nicely over the last few days, it has shamefully crashed below 23k and is now trading around 20k.

The trading volume in the previous session was very significantly higher than its average level, which continues to rise.

The daily technical situation is still positive but we can still see signs of bearish curves on the WaveTrend and MACD. On a 4h time frame, the indicators are negative.

What to do?

As we can see, as long as we don't have any confirmation by a break of the 25k at least, it is too early to take a mid-term position!

https://www.tradingview.com/x/qALvct2y/

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

2022-09-13 12:14:18 BTC Update #BTC_Update

What's new since the last update guys? Well, BTC has been evolving quite positively in the last few weeks and is now trading around $22250.

The trading volume over the weekend was a bit lower than last weeks days but this is relatively normal as activity is slowed down on the weekends.

The daily technical picture remains quite positive with the MACD and WaveTrend both pointing up and still trading in the lower half of their ranges. On a 4-hour time frame, the indicators are negative.

What should we do?

It's good news to see BTC rise a bit, but until we get above the 24-25k level, it's still too early to say whether the uptrend will resume.

https://www.tradingview.com/x/PPu4RE9v/

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

2022-09-09 16:01:13 Diamond Report of the week (09_09) Open / Comment

2022-09-08 10:13:11 BTC Update #BTC_Update

What's new since the last update guys? Well BTC ended the previous session on a slight rebound with a gain of 2.67% on Binance.

The trading volume was significant and above its average level. The latter continues to rise, which could suggest a period of accumulation.

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?

Unfortunately still nothing guys, we are either not low enough or still too low to do anything!

https://www.tradingview.com/x/la7n318J/

Stay safe as usual, I wish you all a great day! Open / Comment

2022-09-07 11:44:59 BTC Update #BTC_Update

What's new since the last update guys? Well we wanted movement, we got it. Indeed BTC is now trading around 18800.

The trading volume has been well above its average level, which is already very high. This is not surprising given the impulsive movement we saw at the end of the session yesterday.

The daily technical situation remains negative of course with the MACD and WaveTrend pointing down. On a 4h time frame, the indicators are negative as well.

What to do?

Well, we should be bearish at least until the 17.5k level, then we will advise according to the reaction of prices at this level.

https://www.tradingview.com/x/Lnd6zqhK/

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