4C Trading News

2022-09-06 10:21:46 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is still trading just below its 20k level in a flat configuration.

The trading volume in the previous session was above its average level even though the candle was rather limited. This is indicative of indecision at the current level.

The daily technical situation remains neutral with a negative MACD that looks ready to cross and a WaveTrend that has already given a buy signal. On a 4-hour time frame, the indicators are positive.

What to do now?

For the moment we remain in this flat configuration which offers no possibility to enter, either long or short. We will need an upward breakout or a downward breakout in order to place ourselves on retracement.

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

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

2022-09-05 11:11:11 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is still trading just under the 20k level.

The trading volume this weekend was below its average level which is not at all a surprise as the activity was lower than during the week.

The daily technical situation remains neutral with a MACD that has yet to cross higher and a positive WaveTrend that is trading extremely flat. On a 4-hour time frame, the indicators are also neutral.

What to do now?

We are still stuck in the same area with growing uncertainty. It is therefore too dangerous to open a long position on these levels.

https://www.tradingview.com/x/AkALW68y/

As usual stay safe, I wish you all a great day! Open / Comment

2022-09-02 07:29:00 Diamond Report of the week (02_09) Open / Comment

2022-08-31 11:04:23 BTC Update #BTC_Update

What's new since the last update guys? Well BTC has been bouncing around for the last 2 days and is now trading around $20250.

The trading volume in the previous session was above its average level but negative. The average volume continues to decline.

The daily technical situation remains negative even though signs of bullish curves are becoming more and more present. On a 4h time frame, the technical indicators are positive.

What to do now?

For now, even if BTC is rising a little, it is not enough to consider a bullish recovery. For that we will need a break above the 28k.

https://www.tradingview.com/x/uG0fmdGS/

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

2022-08-29 10:54:28 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC ended the week in the red with a drop of more than 9% and a close well below the oblique supports.

The trading volume in the previous session was below its average level and decreasing. The average level is stagnant at the moment.

The daily technical situation remains negative with the MACD and WaveTrend pointing downwards. On a 4h time frame, the indicators are neutral with a buy signal given on the WaveTrend and a MACD that seems close to crossing.

What to do now?

We can expect more downside and it is still too early to open any buy position.

https://www.tradingview.com/x/lm3VIx6q/

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

2022-08-26 11:38:47 BTC Update #BTC_Update

What's new since the last update guys? Well BTC still hasn't moved and is now still around 21400.

The trading volume in the previous session was below its average level, but the latter is still rising.

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

What should we do?

Nothing has changed for the moment so we still refrain from opening any long positions.

https://www.tradingview.com/x/Ywlj34T8/

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

2022-08-25 11:29:30 BTC Update #BTC_Update

What's new since the last update guys? Well it seems that BTC has managed to hold on to its oblique support and is now trading around 21700.

The trading volume in the previous session was below its average level but still quite high. Could we be in an accumulation phase?

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

What to do now?

Still nothing new on the horizon guys, prices can still go lower and only a sharp break of the 28k, not a fake-out, will allow us to see more clearly.

https://www.tradingview.com/x/kJO6lVwk/

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

2022-08-24 11:07:12 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading above its $21000 level and its oblique support level.

The trading volume in the previous session was above its average level, which could be good news.

The daily technical picture remains negative with the MACD and WaveTrends still pointing down. On a 4-hour time frame, the indicators are neutral with a negative WaveTrends and a positive MACD.

What to do now?

For now it is still too early to open a buy position on BTC, as the situation is quite unstable with a support level that threatens to break at any time. If the latter were to break, we would then have an opportunity to perhaps reach 13k and enter this level.

https://www.tradingview.com/x/0A1lOIxS/

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

2022-08-23 11:22:46 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading just above the 21k level in what could be described as a bullish channel.

The trading volume in the previous session was above its average level but it has been falling for over a month.

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

What to do now?

For the moment it is still too early to open a buy position, let's wait and see if the oblique support will hold before potentially buying.

https://www.tradingview.com/x/td2jG0ml/

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

2022-08-19 13:04:47 Diamond Report of the week (19_08) Open / Comment