Market Overview for Quant/Bitcoin (QNTBTC) – 2025-10-26

• Price surged 0.76% on the back of a 15-minute bullish breakout above 0.0007305.
• Volatility expanded, with range widening from 0.0007234 to 0.0007426.
• Low-volume consolidation occurred early in the session, followed by a sharp upswing.
• RSI and MACD showed positive divergence, suggesting possible bullish momentum.
• Bollinger Bands indicated a recent reversion to the mean after a period of expansion.

Market Summary and Opening View

At 12:00 ET–1, the QNTBTC pair opened at 0.0007234 and reached a high of 0.0007426 before settling at 0.0007398 at 12:00 ET. The price surged 0.76% in 24 hours. Total volume amounted to 89.753, with a notional turnover of $65.50 (based on BTC price). The session featured a distinct bullish reversal after a morning consolidation phase.

Structure & Formations

The candlestick structure revealed a series of bullish continuation patterns in the late afternoon and evening, including a Bullish Engulfing formation as early as 19:30 ET–1. Key support levels emerged around 0.0007329 and 0.0007305, with resistance forming at 0.0007361 and 0.0007391. A potential bearish reversal may appear if price retreats below 0.0007329.

Moving Averages and Volatility

The 20 and 50-period moving averages on the 15-minute chart crossed above key support levels during the 19:30–20:30 ET–1 window, reinforcing the bullish bias. Daily MA lines (50, 100, 200) showed no immediate confluence. Bollinger Bands expanded during the afternoon, with price retesting the upper band at 0.0007391 before consolidating near the mean.

Momentum Indicators and Divergences

RSI climbed into overbought territory by 01:30 ET, reaching 68, while MACD displayed a positive crossover with bullish divergence. This suggests ongoing buying interest, though a pullback toward RSI 50 could trigger short-term corrections. A sustained close above 0.0007391 would likely extend the bullish trend.

Volume and Turnover

Volume spiked significantly during the 09:15–09:30 ET window and again between 15:00–15:45 ET, coinciding with key breakout levels. Turnover expanded as price moved from 0.0007305 to 0.0007391. No divergence was observed between price and volume, indicating strong confirmation of the upward move.

Backtest Hypothesis

Given the presence of a Bullish Engulfing pattern observed in the 19:30 ET–1 candle and the subsequent positive price reaction, a potential backtest strategy could be formulated around identifying such patterns in raw OHLC data. This strategy would involve entering a long position on confirmation of a Bullish Engulfing candle and exiting after a 5-day holding period. The key technical indicators—MACD, RSI, and Bollinger Bands—align with the conditions needed for such a test, as they all suggest bullish momentum. However, for a robust backtest, daily OHLC data for QNTBTC and a predefined list of signal dates would be necessary.