4C Trading News

2022-04-22 18:08:49 Diamond Report of the week (22_04) Open / Comment

2022-04-21 11:53:54 BTC Update #BTC_Update

What's new since the last update my dear community? Well BTC is now trading just below the 42k level, below its moving average.

The trading volume in the previous session was above its average level, which continues its uninterrupted decline.

The daily technical situation remains positive even though the MACD has not yet crossed over to the upside. On a 4 hour time frame, the indicators are also positive.

What to do now?

As long as we don't go above 43-44k, no buy positions. Also, BTC is still below its moving average.

https://www.tradingview.com/x/afOhs5ey/

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

2022-04-20 11:17:10 BTC Update #BTC_Update

What's new since last week guys? Well BTC got scared with a test at the $38500 level and is now trading back above $41000.

The trading volume during this test was very significantly higher than its average level, which continues to decline continuously.

The daily technical situation remains neutral for now with a buy signal on the WaveTrend and a MACD that is about to cross higher. On a 4-hour time frame, the indicators are positive.

What to do now?

Even after a rebound, BTC is still below the 43-44k level and below its Wilder moving average. We will wait for a break of these two levels before buying.

https://www.tradingview.com/x/rYm1ccK9/

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

2022-04-15 15:58:56 Diamond Report of the week (15_04) Open / Comment

2022-04-14 11:16:19 BTC Update #BTC_Update

What's new since the last update guys? Well BTC has bounced back to its support zone, which is pretty good news. If this is confirmed, we will have our higher low.

The trading volume in the previous session was below its average level but significantly higher than what we saw last week.

The daily technical situation remains negative for now, but we can clearly see signs of bullish curves on the MACD and WaveTrend. On a 4h time frame, the indicators are positive.

What to do now?

The bounce off the support area is a good signal but we should still be cautious, we can clearly see that BTC is testing its moving average and this bounce could very well be a technical bounce. Without a breach of the 44000 in the short term, we remain in danger.

https://www.tradingview.com/x/K2enOnqb/

I wish you all a great day! Open / Comment

2022-04-13 11:26:26 BTC Update #BTC_Update

What's new since the last update my dear community? Well, BTC is still in its support zone between 39000 and 41000.

The trading volume in the previous session was above its average level, with the latter still continuing its steady decline.

The daily technical situation remains negative with a WaveTrend and MACD pointing downwards. On a 4-hour time frame, the indicators are positive, a sign that a rebound is possible.

What to do now?

A rebound is possible, that's for sure, but we won't enter into a position on this simple assumption. We will now wait for a higher high and enter the retracement. This may take a little more time but it increases the probability of success.

https://www.tradingview.com/x/R7NzvPhH/

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

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

What's new since the last update guys? Well we did well to cancel our buy orders as the 42k support area did not hold and BTC is currently trading around 40000.

The trading volume in the previous session was significantly higher than over the weekend and well above its average level.

The daily technical situation remains of course negative with no real sign of reversal visible. On a 4h time frame, indicators are neutral with a positive WaveTrend at the time of writing and a negative MACD.

What to do now?

More than ever, we need to be patient and let the price action show us what to do. In this case, if the support zone holds we will have a higher low, otherwise, all this was perhaps a more macro bearish consolidation.

https://www.tradingview.com/x/sDYDD1Wb/

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

2022-03-02 11:55:13 BTC Update #BTC_Update

What's new since the last update guys? Well BTC is still trading above its 42k level, currently at 44k.

The trading volume in the previous session was above its average level, which bodes well when prices are rising.

The daily technical situation remains positive with a positive MACD and WaveTrend. On a 4-hour time frame, the indicators are rather negative and indicate a risk of retracement.

What to do now?

For a swing position, it is still too early to decide until the 46k and especially the 52k are taken back. For the moment a retracement to the 40k would not be impossible.

https://www.tradingview.com/x/2I7s5m70/

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

2022-02-28 13:07:48 BTC Update #BTC_Update

What's new since the last update guys? Well BTC came to test 40500 over the weekend but is now trading back below 39000.

The trading volume in the previous session was above its average level, which is not necessarily a good sign.

The daily technical situation remains negative with MACD and WaveTrend pointing down. On a 4h time frame, the indicators are negative as well.

What to do?

BTC must absolutely break back above 40k if it is to have any chance of resuming the upward direction. As long as we stay below it, the probability of a fall remains too high to open a long position.

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

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

2022-02-25 19:24:40 Is bitcoin going through a trend reversal? Let’s find out!

Bitcoin did the unexpected last week - the king of crypto broke up to the upside, a much welcome move by the crypto community indeed!

Does this signify a reversal in trend? How can we be sure that this is not just another fakeout? Let’s find out from this article by the 4C pro trading team!

What’s a trend reversal in crypto?

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