2021-02-17 11:58:37
BTC Update #BTC_Update
What's new since the last update my dear community? Well that's it, we have finally passed the fateful level of $50,000 and BTC is currently trading around $51,000.
The volume of trade, which had tended to decrease during the last session, has accompanied the rise above 50k, at least in a 4h time horizon. On a daily time horizon, the volume is also increasing.
The daily technical situation remains neutral with a negative WaveTrend and a MACD that is still on the rise. On a 4-hour time horizon, the indicators are positive.
What can be done?
As you know, at 4C-Trading, we focus our analysis most often on the price of the stock. Nevertheless, we observe bearish divergences on the indicators, which calls for caution when opening long scalp positions.
We will not go short as long as we do not break any major zone such as 48 or 45k however. Our proposal to trade swing at 40k remains valid.
https://www.tradingview.com/x/PYszBWCt/
In the meantime, stay safe, I wish you all a great day!
C
ome and test for free : https://4c-trading.com/trial-2/
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