Market Overview for Mina/Bitcoin (MINABTC) – 24-Hour Technical Update

• Price consolidates around 1.10e-06 with minimal 15-min volatility
• Strong volume spikes observed during key upward moves in the late evening
• RSI and MACD suggest a neutral to slightly bullish momentum
• Bollinger Bands show tight consolidation; no breakout signs
• No clear reversal patterns formed, but bullish engulfing patterns noted

Mina/Bitcoin (MINABTC) opened at 1.07e-06 on 2025-10-12 at 12:00 ET and closed at 1.11e-06 the following day. The pair reached a high of 1.14e-06 and a low of 1.07e-06, with total trading volume amounting to approximately 220,000 and a notional turnover of roughly 244 BTC equivalents. The price appears to be consolidating within a defined range, with no strong breakout signals yet.

Structure and key levels show MINABTC trading in a tight channel between 1.07e-06 and 1.14e-06. Notable candlestick patterns include a bullish engulfing pattern around 18:15 ET and a potential bearish divergence at 22:30 ET. Resistance appears clustered near 1.11e-06 to 1.12e-06, while support is found around 1.09e-06. No significant doji or reversal signals are present, suggesting a continuation pattern could be in play.

The 20-period and 50-period moving averages on the 15-min chart remain relatively flat, indicating a lack of strong directional bias. Both lines are currently positioned slightly above the 1.10e-06 level. MACD remains in the positive territory but with a narrowing histogram, suggesting waning bullish momentum. RSI is hovering around 50, indicating neutral market sentiment with potential for either a bullish or bearish shift in the near term.

Bollinger Bands are currently contracted, with prices trading near the middle band, indicating low volatility. This may suggest a potential consolidation phase is underway. Volume and turnover are not showing any divergences with price action; however, a few spikes in volume around 18:15 ET and 22:45 ET indicate strong participation during upward moves. The price has yet to test the upper band, and no clear breakout is in sight.

Backtest Hypothesis

To back-test this idea accurately, we need to create the exact entry and exit signals first, then feed them into the back-testing engine. Here’s what still needs to be pinned down:
1. Candle interval: Daily candles are most common for this type of pattern. Is that what you’d like, or should we use a shorter interval (e.g., 4-hour)?
2. Exchange / data source: MINA-BTC is traded on several venues (Binance, OKX, etc.). If one specific exchange matters to you, please specify; otherwise, I’ll pull consolidated daily data.
3. Exit logic detail: “Hold until the next candle closes below the pattern low” means we must:
a. Record the low of the Bullish-Engulfing candle.
b. Check each subsequent candle’s close; the first one that finishes below that low triggers the exit.
• Is it acceptable for me to implement exactly that rule and close the trade at the close of that violating candle?

Once these items are confirmed, I can:
• Detect every Bullish-Engulfing pattern on the chosen candles from 2022-01-01 to now.
• Generate the open/close date list for each trade using the rule above.
• Run the strategy back-test and deliver the full statistics and equity curve.

Let me know your preferences and I’ll proceed immediately.