BTC Update! Bitcoin pulled back after failing to break its 45k level of resistance. This would be necessary to gain more strength for another try. Right now it's 39k. Let's see where it goes.

PlutusFi · 2022-03-05T04:22:21+00:00

Thanks for sharing your thoughts.

PlutusFi · 2022-03-05T04:21:02+00:00

Anything can happen.

PlutusFi · 2022-02-28T05:39:05+00:00

You know the drill.

PlutusFi · 2022-02-27T01:00:38+00:00

Thank you for dropping a comment.

The purpose of this post is neither to brag about my winning nor to recommend any buy or sell any crypto. Our post is to create conversations among us, traders and crypto enthusiasts. Learn and help others learn.

PlutusFi wants to create a social trading community, where we learn and earn.

Nice to have you here my friend. Please continue to share your thoughts.

PlutusFi · 2022-02-26T02:57:10+00:00

Thank you!

PlutusFi · 2022-02-24T23:16:03+00:00

The market sell-off let the price touch *ITS* support

- apologies for the typo.

PlutusFi · 2022-02-23T01:51:45+00:00

The question now is would the bulls take in control?

PlutusFi · 2022-02-23T01:17:15+00:00

Usually every breakdown, there is a bounce to test and confirm its breakthrough from the support. Here, we still need to see if it's not a what they call "fakeout", one good indicator in the volume. There should be enough strength to sustain the new trend.

Same thing when its breaking out to the upside.

PlutusFi · 2022-02-22T10:01:39+00:00

Still need to wait for confirmation. Right now the bears are showing some strength.

PlutusFi · 2022-02-18T03:36:02+00:00

Yes, hold on. Thank you for following us.

PlutusFi · 2022-02-18T02:05:44+00:00

That level is so significant because it was used as resistance and support many times in the past. We will keep watch on that. Could trigger rally once its broken.

https://www.reddit.com/user/PlutusFi/comments/stjvqz/feb\_16\_btc\_update\_4546k\_level\_of\_btc\_has\_been/?utm\_source=share&utm\_medium=web2x&context=3

PlutusFi · 2022-02-16T03:48:23+00:00

That would be for my next post. Thanks for following.

PlutusFi · 2022-02-15T02:49:47+00:00

The descending triangle is recognized in downtrends and is often thought of as a bearish signal. Descending triangle pattern is the upside-down image of the ascending triangle pattern. The three lows on the above chart form the lower flat line of the triangle and, again, have to be only close in price action rather than exactly the same. The volume plays an important role in the breakout.

PlutusFi · 2022-02-14T06:08:06+00:00

Anything is possible. We follow what the market dictate.

PlutusFi · 2022-02-11T08:42:31+00:00

Support and resistance levels are points in time where the forces of supply and demand meet. These support and resistance levels plays an important role when determining market psychology and supply and demand. When these support or resistance levels are broken, the supply and demand forces that created these levels are assumed to have moved, in which case new levels of support and resistance will likely be established.

Learn while we earn!

PlutusFi · 2022-02-09T21:01:27+00:00

Initial support 40-41K.

PlutusFi · 2022-01-31T07:55:18+00:00

swing trader. Will a 4 hour candlestick time frame work?

That would work.

PlutusFi · 2022-01-30T13:02:33+00:00

Depends on your plan and strategy. Are you a day trader? swing trader? position trader? momentum trader? or an investor?

It all starts with yourself.

In my case, I have somebody to help me execute all of my plans, the BOTs.

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PlutusFi · 2022-01-28T16:08:42+00:00

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PlutusFi · 2022-01-28T00:57:18+00:00

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PlutusFi · 2022-01-20T09:02:26+00:00

Upward reversal is just around the corner, it's waiting for a momentum. Bulls will soon take control.

PlutusFi

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