Mina Report 🪶

I trade $MINA with algorithms I created

[Mina Report 🪶 @TheMinaReport]

@mementoxverse More than happy to buy your underwater position and hold it for a profit.

[Mina Report 🪶 @TheMinaReport]

Buying more $MINA

[Oversold @oversold_]

Crypto getting destroyed while the stock market and tech stocks soar to new ATHs this week. 🤔

This feels like the final shakeout before the next leg up begins.

Especially when considering the softer than expected inflation data.

[Mina Report 🪶 @TheMinaReport]

@LeDudeAbides The price has been frustrating. Hopefully we turn a corner here soon.

[Mina Report 🪶 @TheMinaReport]

@barstoolLarry69 Not entirely sure on timing

[Mina Report 🪶 @TheMinaReport]

@DRonnie_blckchn No, not currently. But I like cheap $MINA.

[Mina Report 🪶 @TheMinaReport]

@BoneWhale59K @Layer1Report 🤝

[Mina Report 🪶 @TheMinaReport]

I was worried when the stock market and tech stocks were selling off the other day, but they're now showing signs of life.

A technical bounce for $MINA may be imminent. I re-entered my position at $1.02.

BTW follow me at @Layer1Report for more market signals.

[Oversold @oversold_]

Tech stocks are starting to show some life again.

My model printed a new buy signal for $QQQ at $443.

If this holds up tomorrow, I'd expect some positive price action in crypto into the weekend.

[Mina Report 🪶 @TheMinaReport]

@naber_mutlu Yeah I'm surprised more people haven't been front-running the mainnet release.

[Mina Report 🪶 @TheMinaReport]

UPDATE:

$MINA got pretty close to hitting the 200dMa this morning. It hit a low of $0.99.

If we continue to drop, I expect there will be strong support near $0.96.

[Mina Report 🪶 @TheMinaReport]

$MINA next major support is near $0.96 at the 200dMa.

We haven't tested the 200d this entire bull cycle. It will be good to see if we test and hold it and get a strong bounce.

[Mina Report 🪶 @TheMinaReport]

@brust_herr @SercioSah Tax season can play a role for sure. People need to sell assets to cover tax bills.

This Dow Jones seasonal chart shows early April usually has a dip.

[Mina Report 🪶 @TheMinaReport]

@SercioSah April 15th

[Mina Report 🪶 @TheMinaReport]

@SercioSah Hard to say. Possibly a bounce after tax season.

With that said, the stock market is looking pretty weak right now, which is causing issues for alts.

[Mina Report 🪶 @TheMinaReport]

$MINA next major support is near $0.96 at the 200dMa.

We haven't tested the 200d this entire bull cycle. It will be good to see if we test and hold it and get a strong bounce.

[Mina Report 🪶 @TheMinaReport]

UPDATE

Based on my recent tweets, I'm proceeding with more caution. I've exited half of my $MINA position and will hold the remaining half as a long-term bag with expectations of more downside in the short-term.

If the stock market and ETH rebound quickly, I'll buy back.

[Mina Report 🪶 @TheMinaReport]

I'm not expecting a lot of movement on $MINA until BTC makes a move.

Anything near or under $1 on $MINA should be a great entry in the near term.

[Oversold @oversold_]

$BTC has been in accumulation mode from $61.8k to $73.2k. This is generally a bullish signal and points to more upside ahead.

I'd be concerned if we lost $61.8k. That's the area where my algo would also print a sell signal.

For now, we continue to chop.

[Mina Report 🪶 @TheMinaReport]

Another warning sign for $MINA.

ETH model flashing warnings which could cause a larger slide in the alt market.

[Oversold @oversold_]

Another bearish sign. My model just printed an exit signal for $ETH today.

It's been long since Oct 22. It only exited for a few weeks in Jan, but otherwise been long for ~5mo.

I took profits today. I will re-enter on the next buy signal. Will let you all know when it prints.

[Mina Report 🪶 @TheMinaReport]

$MINA fam this is something to keep an eye on. My SP500 model printed a trend reversal today. I'm hoping it's a false signal, followed by a quick rebound.

It's worth taking this seriously as a stock market correction would lead to a bigger sell off in crypto.

[Oversold @oversold_]

The SP500 is showing weakness. My model has been mostly in position since Nov 2.

It only briefly exited in early Jan and got back in a few days later. Today, it exited again.

This makes me concerned about $BTC and alts. A bigger correction could be due if $SPX doesn't recover.

[Mina Report 🪶 @TheMinaReport]

@Vladimir_Gav Maybe $0.69 soon 😛

[Mina Report 🪶 @TheMinaReport]

Looking forward, I still think $MINA breaks through the ~$1.70 resistance on the next attempt.

The bigger question is how long must we wait for another test?

Hard to say.

[Mina Report 🪶 @TheMinaReport]

Typically I would be a little more aggressive to take some profits, which always pisses off my followers (heh).

I've learned my lesson how fast $MINA can correct. Can give back weeks or months of gains in a candle or two.

In retrospect, I regret not following my more strict plans, but it's all good.

[Mina Report 🪶 @TheMinaReport]

@genki0893 @LeDudeAbides Thanks, i try to keep a close eye on things. I can usually sniff out where we'll hit resistance or find support. It's harder to predict timing though.