Market Overview for Quant/Bitcoin (QNTBTC) as of 2025-11-08

Summary
• Price surged from 0.0008104 to 0.00087, then retraced toward 0.0008473 by 12:00 ET.
• High volatility seen in the 18:45–21:00 ET window, with a massive 1188.125 volume candle.
• Bearish momentum emerged after 21:15 ET, with declining highs and lower closes.

The 24-hour period from 12:00 ET–1 to 12:00 ET saw QNTBTC open at 0.0008104 and reach a high of 0.00087, before retreating to a close of 0.000839. Total volume was 1,542.64 and turnover reached 1.304 (notional BTC). The price action reflected strong bullish momentum early on, followed by a gradual bearish consolidation.

Key support levels appeared at 0.0008473 and 0.000836, with the latter acting as a temporary floor in the late hours. Resistance was tested at 0.000869, where price stalled and reversed. A notable bearish engulfing pattern emerged after 21:15 ET, signaling potential reversal.

The 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover during the 19:00–21:00 ET window, reinforcing the pullback. RSI moved from overbought territory (~70) to neutral (~50) by the close, suggesting momentum has slowed. MACD showed divergence after 21:00, with a bearish crossover indicating a possible continuation of the downturn.

Bollinger Bands reflected a period of high volatility from 18:45–19:45 ET, with price reaching the upper band. Volatility then contracted, and price closed near the lower half of the bands. Volume and turnover spiked during the bullish phase but dropped sharply after 21:00, confirming waning upward conviction.

Backtest Hypothesis
Given the bearish engulfing pattern observed in the 15-minute timeframe during the 21:00–24:00 ET period, a backtest using this candlestick signal could provide insight into potential short-term reversals. A backtesting strategy could involve entering short positions on confirmed bearish engulfing patterns, with a stop-loss above the high of the pattern and a target at the previous swing low. Since the technical-indicator service cannot locate “QNTBTC,” it may be necessary to confirm the correct symbol (e.g., “BINANCE:QNTBTC”) or use an alternative market.

The immediate outlook appears bearish, with price consolidating near the 0.0008473 support level. A break below this level could trigger a test of 0.000836, while a retest of 0.000869 may offer a short-term bounce opportunity. Investors should remain cautious of thin volume during overnight hours, which could increase volatility.