4C Trading News

2022-08-18 10:51:13 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading in its ascending wedge pattern, which is typically more of a bearish continuation pattern.

The volume in the previous session was above its average level in a bearish session, which doesn't necessarily bode well.

The daily technical picture remains negative with the MACD and WaveTrend pointing down. On a 4-hour time frame, the indicators are also down, although trading in their oversold zone.

What to do now?

For now nothing has changed and there is still a risk of a more prolonged fall as suggested by the technical situation and the Chartist configuration.

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

Don't overexpose yourself and remain cautious as usual! Open / Comment

2022-08-17 15:38:16 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC has finally managed to reach the 24k level with a peak around 25150$.

The weekly volume during this rebound phase was well above its average level, which is a pretty good omen when we are in a rebound period.

The daily technical situation is now negative with a sell signal given on both the WaveTrends and MACD. On a 4h time frame, the indicators are also negative.

What to do now?

BTC stopped on its most blatant level to fail and failed to reach the 28k area. The latter represents an excellent short opportunity given the medium-long term pattern which remains negative.

For now we will just watch what happens. Indeed, if BTC were to fall back below the 22k level, we could fall back to levels close to 17k at first and 13k thereafter.

https://www.tradingview.com/x/WARn6hB2/

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

2022-07-27 19:34:14 Diamond Report of the week (27_07) Open / Comment

2022-07-26 11:03:28 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is still trading below the fateful $24,000 level after testing this resistance a week ago.

The volume of trading so far made it look like a normal consolidation after a bullish push but yesterday's spike when the support was broken is not good at all.

The daily technical situation remains negative as even though the MACD has not yet given a sell signal, we can already see signs of a fairly sharp downward bend. On a 4h time frame, the indicators are negative.

What should we do?

For now BTC is back in its range and has fallen back below the $21800-22000 support. As long as we are not above $24,000, we will not open a long position.

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

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

2022-07-11 12:46:58 Diamond Report of the week (08_07) Open / Comment

2022-07-07 10:23:04 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is currently trading just above the $20,000 level after managing to stay above the 19200 level.

The trading volume in the previous session was below its average level but continues its rebound over the past 5 days.

The daily technical situation remains positive on both the MACD and WaveTrend although both indicators are trading near their oversold territory. On a 4-hour time frame, the indicators are positive.

What to do now?

As long as BTC is not back above 24k, we will refrain from opening any long positions. Stay safe as usual, I wish you all a great day!

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

2022-07-04 16:49:14 Diamond Report of the week (04_07) Open / Comment

2022-06-24 18:55:39 Diamond Report of the week (24_06) Open / Comment

2022-06-17 19:16:30 Diamond Report of the week (17_06) Open / Comment

2022-06-15 11:41:39 BTC Update #BTC_Update

What's new since the last update guys? Well it's a bloodbath no more and no less, BTC is now just above the mythical 20k level.

The trading volume in the last few days has been way above its average level which is not a surprise given the violence of the current selloff.

The daily technical situation is of course very negative with an extremely bearish MACD and WaveTrend. On a 4h time frame, the indicators are neutral with a negative MACD and a positive WaveTrend.

What to do?

For the moment it is too early to open a buy position, before that we need a confirmation. If the 20k level is broken, it is very likely that we will test the 13k level, which will then be a good buying opportunity.

https://www.tradingview.com/x/FS3nFQBM/

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