Big Time/Tether Market Overview

• Price action sees a 0.34% decline from 0.03109 to 0.03132 over 24 hours, showing moderate bearish consolidation.
• Volatility remains low with a range of 0.0306–0.03141, reflecting a lack of directional conviction.
• Volume surged above 1M at 13:45 and 14:00 ET as buyers tested support levels.
• RSI remains neutral (45–50) with no clear overbought/oversold signals.
• Bollinger Bands show a slight expansion at the end of the window, hinting at potential breakouts.

Big Time/Tether (BIGTIMEUSDT) opened at 0.03109 on 2025-10-31 at 12:00 ET and closed at 0.03132 on 2025-11-01 at 12:00 ET, trading as low as 0.03063 and as high as 0.03141. The total volume of 10.7M BIGTIME was traded, with a notional turnover of approximately $333,000, indicating moderate liquidity.

Structure & Formations

The 24-hour chart shows a bearish consolidation pattern, with price forming a descending triangle between 0.03141 and 0.03063. A notable bullish engulfing pattern emerged at 19:45 ET as price reversed from 0.03084 to 0.03116, followed by a bearish engulfing at 20:00 ET (0.03116 to 0.03113). These signals suggest indecisiveness between buyers and sellers, with price struggling to find a clear direction. A key support at 0.03109 appears to be in play, while resistance at 0.03135 could be tested in the near term.

Moving Averages

On the 15-minute chart, the 20-period moving average crosses below the 50-period line in a bearish crossover at 05:30 ET, but the 50-period line remains above 0.03108, suggesting a potential support. On the daily timeframe, the 50-period MA is at 0.0312, above the 100-period (0.0311) and 200-period (0.0310) MAs, signaling a mixed short-term bias.

MACD & RSI

The MACD line crossed below the signal line at 10:45 ET, indicating bearish momentum. However, the histogram remains above zero, showing that short-term selling pressure is waning. RSI hovered around 50 for the majority of the 24-hour window, with a slight pullback to 42 at 10:30 ET suggesting a temporary oversold condition. This hints at a possible rebound to retest the 0.03135 resistance.

Bollinger Bands

Price remained within the Bollinger Bands for most of the period, with a mild contraction in the 03:30–05:00 ET timeframe. A modest expansion began at 11:30 ET, pushing the bands wider as volatility increased. The price closed near the middle band (0.0312) and appears to be positioning for a potential breakout to the upside.

Volume & Turnover

Volume picked up significantly during the 13:45–14:00 ET window, with nearly 1M BIGTIME traded at 13:45 ET during a 0.03097–0.03135 price move. Notional turnover spiked to $10,000 at the same time, reflecting strong buyer participation. However, volume dropped off significantly after 14:15 ET, suggesting a lack of follow-through from those buyers.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.03063 to 0.03141, the 38.2% level (0.03103) and 61.8% level (0.03087) appear to be key price clusters that attracted trading activity. The 0.03103 level acted as a minor resistance-turned-support, with price bouncing off it twice, while the 0.03087 level saw a temporary pause during the 14:15–16:00 ET window.

Backtest Hypothesis

A backtesting strategy centered on Bullish Engulfing candlestick patterns could provide insight into potential buying opportunities in this pair. These patterns, identified by a larger bullish candle following a smaller bearish one, often signal a reversal in momentum. To proceed, however, we require a consistent and accurate OHLC dataset for BIGTIMEUSDT. The current data feed is either unavailable or incomplete, making it difficult to confirm pattern validity. One approach is to verify the exact ticker format, such as “BINANCE:BIGTIMEUSDT” or “BIGTIME-USDT,” to ensure the data pull is accurate. Alternatively, using a historical OHLC file would allow us to run the backtest locally. Once the data is resolved, the next step is to generate entry signals on the next day’s open and exit at the next resistance level, as defined by swing highs or ATR-based thresholds. This strategy, when backtested from 2022-01-01 to 2025-11-01, could yield actionable insights into the efficacy of pattern-based trading for this pair.