Market Overview for Big Time/Tether (BIGTIMEUSDT)

• Price for BIGTIMEUSDT rose to a 24-hour high of $0.03058 before consolidating near $0.0309 at the close.

• Volume spiked during the evening, with a 15-minute candle showing 267,928 contracts traded.

• A bullish engulfing pattern formed at $0.0302–$0.0304, suggesting potential for a short-term rebound.

• RSI and MACD showed divergence during the dip, hinting at fading bearish momentum.

• Bollinger Bands widened during the rally, indicating increased volatility and potential for continuation.

Big Time/Tether (BIGTIMEUSDT) opened at $0.03026 on 2025-11-02 at 12:00 ET and reached a 24-hour high of $0.03102 before closing at $0.0309 at 12:00 ET on 2025-11-03. Total traded volume reached 2,669,280 units, with a turnover of $83,862.21, reflecting heightened activity in the 15-minute timeframe.

Structure & Formations

Price activity over the last 24 hours displayed a clear bullish bias, especially during the late evening and overnight session. A significant bullish engulfing pattern emerged between 19:30 and 19:45 ET, as price surged from $0.03017 to $0.03034. This pattern, supported by strong volume (449,554 units), indicates a reversal from bearish to bullish sentiment. Key support levels can be observed at $0.03015, $0.03027, and $0.03041, while resistance appears at $0.03059 and $0.03096. A long upper shadow on the final 15-minute candle at $0.03102 suggests caution from buyers, hinting at potential consolidation or a short-term pullback.

Moving Averages

Short-term momentum appears to be accelerating, as price moved above both the 20- and 50-period moving averages on the 15-minute chart. On a daily basis, the 50-period moving average may act as a key reentry trigger for bears if price closes below it. The 100- and 200-day moving averages remain well below the recent price action, indicating continued short-term strength.

MACD & RSI

The MACD line crossed above the signal line during the rally, confirming bullish momentum. However, RSI peaked at 65 before the price high, suggesting the move might not yet be overbought. A divergence appeared as RSI declined while prices remained elevated, which could signal a weakening in buying pressure. This may warrant a closer look at Bollinger Bands for additional clues.

Bollinger Bands

Volatility expanded significantly during the rally, particularly between 23:15 and 00:00 ET, when price gapped up to $0.03102. The upper band stretched higher, with price closing near its upper boundary, indicating a possible continuation of the bullish trend. A contraction in the bands might signal a period of consolidation, but for now, the widening trend suggests sustained volatility.

Volume & Turnover

Volume and turnover both surged in the 19:30–00:00 ET timeframe, with the largest spike occurring at 19:30 ET, where 449,554 units were traded. This aligns with a significant price rebound. Notably, the increase in turnover was supported by volume, suggesting genuine buying interest rather than wash trading. Price and turnover moved in sync during this period, reinforcing the bullish narrative.

Fibonacci Retracements

Applying Fibonacci retracement to the 15-minute rally from $0.03015 to $0.03102, price closed at $0.0309, near the 61.8% retracement level. This suggests a possible pause or even a pullback from that level. For the daily chart, a 61.8% retracement of a recent swing high might provide a key target for bears if a reversal is confirmed.

Backtest Hypothesis

The described strategy involves identifying daily Bullish Engulfing patterns, which are prominent in this 24-hour data, particularly at $0.0302–$0.0304. If confirmed on a daily close basis, this pattern would trigger an entry signal. The exit would occur on the first close above the engulfing candle’s high. Given the current setup, the next 24-hour period could offer a strong candidate for this backtest, provided the daily OHLC data for BIGTIMEUSDT is available. Once validated, this approach may help assess the viability of the pattern in real-world trading scenarios.