4C Trading News

2022-02-25 12:03:43 Diamond Report of the week (25_02) Open / Comment

2022-02-25 10:59:26 BTC update

What's new since the last update my dear community? Well BTC and the rest of the market rebounded in the previous session, closing above $38,000 which looks like a huge hammer for BTC.

Volume, as you might expect, was extremely high yesterday, more than double the average level, indicating strong buying pressure towards the 35k level.

The daily technical situation remains negative at the time of writing, but we can clearly see signs of a bullish bend. On a 4h time horizon, the indicators are positive.

What to do now?

BTC is now just below its resistance level of 39k, as long as we stay below this level, yesterday's rebound could only be a dead cat bounce. So I urge you to be cautious as usual, let's focus on the facts and broken levels, it's not there yet.

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

I wish you all a great day and a good weekend! Open / Comment

2022-02-24 11:05:18 BTC update

What's new since the last update guys? Well BTC came to test its wilder moving average and the 38-39000 level before collapsing to around 35000 where it is currently trading.

The trading volume has of course been above its average level.

The daily technical situation remains negative with the MACD and WaveTrend pointing down. On a 4h time frame, the indicators are negative even if we can see signs of bullish curves.

What should we do?

For the moment the market is uncertain and the medium-term trend is bearish as long as we stay below 52k. If you want to open long positions, be sure you know what you are doing.

https://www.tradingview.com/x/l7UX2FpN/

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

2022-02-23 11:29:56 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is now trading right on its $38,000 level after testing $36500 last night.

The trading volume in the previous session was above its average level.

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

What to do now?

As long as we don't manage to get back above 42k-46k we won't have any confirmation. We may have registered a higher low at 36k but no rush.

https://www.tradingview.com/x/QaFfx1hb/

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

2022-02-22 17:09:01 BTC update #BTC_Update

What's new since the last update my dear community? Well BTC is still trading below its 38k support level.

The trading volume in the previous session was above its average level, which seems to be starting to rise slightly.

The daily technical situation remains negative while on a 4 hour time frame the indicators are positive.

What to do now?

As long as BTC remains below 38k, the situation remains dangerous. This is why it is best to refrain from opening a long position.

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

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

2022-02-21 13:26:42 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC has dropped and is now trading around 39k.

The trading volume in the previous session was below its average level but significantly higher than the session before. This is not necessarily good news as the previous session closed with a support breakout.

The daily technical situation remains negative with a bearish MACD and WaveTrend. On a 4h time frame, the indicators are positive.

What to do now?

BTC is currently on support but this may not last. We advise caution during this period. A further fall is not at all to be excluded.

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

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

2022-02-18 13:04:41 Diamond Report of the week (18_02) Open / Comment

2022-02-18 11:45:00 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC has not convinced and is now out of its former range between 42 and 46k. BTC is currently trading around 40500 after a large red candle.

The trading volume in the previous session was above its average level which is not a good sign when prices break a support zone.

The daily technical situation remains negative with the MACD just crossing downwards. On a 4-hour time frame, the indicators are negative but we can see signs of bullish curves.

What should we do?

It is out of the question to open a long position as long as we do not exceed 45k. The most courageous among you may find an opportunity on a retest of the 38k zone but I prefer to stay away.

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

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

2022-02-17 12:08:36 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading above its support area but already seems to be failing to reach its 46k resistance area.

The volume in the previous session was below its average level, which keeps decreasing, reinforcing the likelihood of an impulsive move ahead.

The daily technical situation remains positive despite signs of a bearish bend. On a 4-hour time frame, the indicators are negative.

What should we do?

For now, we remain in the same configuration with BTC unable to break out of this trading range, which makes it a rather dangerous situation. The best solution is to abstain for now until the situation is clearer.

https://www.tradingview.com/x/NyqAvK62/

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

2022-02-16 11:44:01 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC continues its rebound and is now trading around 44200.

The volume in the previous session was below its average level but still significantly higher compared to previous sessions.

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

What to do now?

Nothing much different compared to yesterday guys, we remain for now in this range between 42 and 46k. No trade until we get out.

https://www.tradingview.com/x/nRa73fEa/

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