mrinalsethi

mrinalsethi

Bitcoin is going to face pressure from two support lines that you can see on the chart and while people find a lot of correlation between S&P 500 Index Chart to that of bitcoin, we can assume that there's huge volatility across the global markets and not just cryptocurrencies. I've drawn multiple scenarios for reversal without having an ambitious target like...

mrinalsethi Updated 

In the chart, timeline has been set based on fifa world cup 2020. Why is this relevant? crypto.com is the leading sponsor for this year's fifa world cup. The commercials, news and hype around crypto tends to start increasing before such a big event followed by a pump. Now we can assume the same for many coins but lets face it. Fifa World Cup is probably the...

mrinalsethi

We can see an inconsistent rising wedge pattern but well patterns are never perfect because of BTC's correlation with every other currency. I'll see how this would play out. Stop loss or great Shorting opportunity if it fails the bottom support.

mrinalsethi

CRYPTOCAP:BNB BINANCE:BNBUSDT CRYPTOCAP:BNB.D In the chart, 1. Trend based fibonacci levels. Shouldn't disappoint. 2. BNB is forming an ascending pattern on macro levels 3. Exchange's popularity and usage metrics are off the charts that will attract more institutional investors in both short term and long term 4. Binance acquires anything that can make their...

mrinalsethi

Valid, If BTC is forever If Adoption continues If it becomes a better asset class on institutional levels More than just a speculative layer.

mrinalsethi Updated 

I love traders who accept and know that anything can happen and then strategise. I am just enjoying the roller coaster and swinging with price actions.

mrinalsethi

Bitcoin is bullish on weekly when you look at the MAs and EMAs And short-time price actions lead to the new psychological price standards.

mrinalsethi

This is an ideal bullish scenario. This is not a financial advice. :)

mrinalsethi

I have started focusing on macrotrends and drawing ideas for the same. Being open-minded and not having to choose between bear and bullish cycles, I think its safe to ride the roller coaster ride with good risk management.

mrinalsethi

I believe we are headed towards a big dip as institutional investment is focus on commodities right now. Fundamentally and technically this might indicate a dreadful shortfall. I am open minded about pumps because they can come from anywhere but for that I have drawn the tops of this bear cycle. Please research before you make any decision. Thanks