4C Trading News

2022-05-05 09:30:52 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC has climbed since yesterday and is now trading back in its support zone around 39600.

The trading volume in the previous session was above its average level, which continues to rise since around April 20th.

The daily technical situation remains positive with the MACD and WaveTrend now clearly crossed upwards. On a 4-hour time frame, the indicators are also positive.

What to do now?

Go long then? No my friends, all this does not really advance us. Indeed, as long as we do not exceed 42k-43k, we remain in a strong probability of technical rebound before a more pronounced fall. We still haven't entered a lower low macro, but we are close to it and the short term price action, even after this pump, remains rather negative.

https://www.tradingview.com/x/52bDfxRz/

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

2022-05-04 10:50:17 BTC Update

What's new since the last update my dear community? Well not much, BTC is still trading around 38500.

The trading volume in the previous session was below its average level by a very small margin.

The daily technical situation remains negative, with no confirmation of yesterday's crossover on the WaveTrend. On a 4h time frame, the indicators are positive.

What to do now?

Unfortunately, nothing has fundamentally changed for a while for BTC, as long as we stay below the 38-40k level it will be too dangerous to open a long position.

https://www.tradingview.com/x/fFZdmM3K/

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

2022-05-03 11:09:27 BTC Update

What's new since the last update my dear community? Well BTC is still trading at the same place under its resistance zone, around 38500.

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

The daily technical situation remains neutral with a buy signal given by the WaveTrend, while the MACD still hasn't crossed. On a 4-hour time frame, the indicators are positive.

What to do now?

This does not change the facts, we still need a break of resistance before opening any buy position.

https://www.tradingview.com/x/qdoh6k36/

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

2022-05-02 11:39:07 BTC Update #BTC_Update

What's new since the last update guys? Well not much, BTC is still trading just below its support zone around 39000.

The trading volume this weekend was below its average level. The latter has been showing some signs of increase lately but is already starting to change course.

The daily technical situation remains negative even if we can see signs of a bullish bend. On a 4h time frame, the indicators are positive.

What to do now?

For the moment nothing has changed fundamentally, we still need a break above 43-44k before doing anything.

https://www.tradingview.com/x/5Ls05Xao/

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

2022-04-29 14:36:55 Diamond Report of the week (29_04) Open / Comment

2022-04-29 10:34:24 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading in its support zone between 38800 and 40500.

The trading volume in the previous session was once again above its average level. Prices have been fluctuating between the low and high end of the support zone, which explains the high volume.

The daily technical situation remains neutral with the MACD still waiting for a cross while the WaveTrend has already given a buy signal.

What to do now?

Nothing new since yesterday, we still don't have enough information to open a buy position.

https://www.tradingview.com/x/DrLMP0Ws/

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

2022-04-28 11:16:18 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is still trading in its support zone around 39500.

The trading volume in the previous session was once again above its average level, which shows a lot of activity in the vicinity of an important support level. Good news, it's too early to tell.

The daily technical situation remains negative even if we can distinguish signs of bullish curves. On a 4h time horizon, the indicators are positive.

What to do?

For the moment we are still above our absolute support zone of 37k right? Moreover we can distinguish a slight hidden bullish divergence between the prices and the WaveTrend on a daily horizon.

Of course, none of this is enough for a long opening, but we will keep an eye out for a possible break of resistance from above. For now, patience.

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

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

2022-04-27 11:12:32 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is trading back below its 39000 to 38800 level.

The trading volume in the previous session was above its average level, which is not good news for a potential continuation of the rise.

The daily technical situation is now negative again with a MACD and WaveTrend. On a 4h time frame, the indicators are neutral with a cat signal given on the WaveTrend.

What to do now?

For the moment the share price is much too uncertain to open any kind of buy position. If Bitcoin falls below its 37k support zone, we could consider a short position to target 34k first and then 30k.

https://www.tradingview.com/x/tfJmgCs9/

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

2022-04-26 11:03:33 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC has managed to break back above its support zone and is now trading above 40600.

The trading volume in the previous session was above its average level, which is pretty good news. If BTC were to stay above its current level, it would be a higher high in the medium term.

The daily technical situation remains neutral with WaveTrend already giving a buy signal while MACD has yet to cross higher. On a 4 hour time frame, the indicators are positive.

What to do?

Well, even if the latest developments in the share price are rather encouraging in the short term, we should certainly not claim victory too soon. We still need a recovery from 43-44k before we can consider anything else than "Wait & see"!

https://www.tradingview.com/x/Kfij9UAk/

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

2022-04-25 12:13:09 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC has failed miserably and is now trading below the 39000 level again.

The trading volume this weekend has been rather low compared to last week, it's almost half as much.

The daily technical situation is of course still negative with the MACD and WaveTrend pointing downwards. On a 4h time frame, the indicators are negative.

What to do?

BTC is now below its support zone turned resistance but still trading above the 37500 level, if we lose this level, the next stop will be the 34000 level. As you can see, it is still too dangerous to open a long position.

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

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