Current state of the market and Mina reportMina chart is forming a descending triangle (bearish pattern), nonetheless don´t means that the price is going down. On the contrary can easly break up. Even more RSI is making lower highs and higher highs while price is making the same lows (bullish divergence), meaning we are getting momentum. We also can argue that this chart is forming a inverted Head & Shoulders pattern (Bullsih pattern) espeacially in the shorter time frame (12h) wich gives us confluence.
We are seeing exhaustin signs of the bears in all markets. I belive we can see a relief rally to the target (marked in the chart) especially because BTC.D is facing a big resistance. Meaning 1)all alts and bitcoin have more fall ahead (alts disbelieve more than bitcoin) or 2)Alts will go up more and in a fastest way than bitcoin. In my personal opinion given the market conditions I think the second one is wich will play out in the near future. So i can start watching some alts to swing trade and day trade being Mina is one of them.
Allmarket
A big hungry BEAR is coming for long time - BTCUSD - all marketThinking about future, it looks not good. National debt is growing to unthinkable values. People are loosing jobs. Most markets are in a bubble and are growing faster than ever before. Oil market falls to zero. And especially, all bigger investors are selling their stocks, their realty, their companies. Why? They know, what is coming? A war? A pandemic? A real pandemic? Who knows. But, it looks not good. All market, worldwide. Include Gold and Bitcoin.