IOBTC Market Overview

Summary• IOBTC traded in a narrow range, with a 0.00000002 (0.65%) intraday low to high range.
• Price consolidated near 3.09e-06, forming a bullish pattern at the close.
• Volume surged in early morning ET, with 16,690.88 contracts traded at 3.03e-06.
• MACD and RSI suggest neutral momentum, but a reversal setup is possible.
• Bollinger Bands show moderate volatility, with price near the lower band.

IOBTC opened at 3.09e-06 on 2025-11-09 at 12:00 ET and closed at 3.13e-06 on 2025-11-10 at 12:00 ET. The high was 3.14e-06 and the low was 3.02e-06 during the 24-hour period. The total volume traded was 75,604.73 contracts, with a turnover of approximately $233.37 (assuming $1 = 1 BTC). The price showed consolidation and limited directional bias.

Structure & Formations

The 15-minute chart displayed a key consolidation phase within a tight range of 3.02e-06 to 3.14e-06, with 3.09e-06 acting as a potential support/resistance pivot. A bullish engulfing pattern formed in the 10:30–11:45 ET window, indicating potential upside. A doji formed at 3.13e-06 in the final candle, suggesting indecision among buyers and sellers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, hovering near 3.10e-06–3.11e-06, signaling no strong short-term bias. On the daily chart, the 50/100/200-period averages remained within a 3.08e-06–3.12e-06 range, suggesting a sideways trend.

MACD & RSI

The 12–26–9 MACD remained flat near zero, with a weak positive histogram at the end of the period, suggesting fading bearish momentum. The RSI oscillated between 40 and 60, indicating neutral to mildly oversold conditions. A potential reversal setup emerged as RSI approached the 50 level from below.

Bollinger Bands

Bollinger Bands showed moderate volatility, with the upper band at 3.14e-06 and the lower band at 3.07e-06. Price touched the lower band at 3.02e-06 and closed near the middle band, suggesting a possible bounce. The narrowing band width in the early hours hinted at a potential breakout or reversal in the next 24 hours.

Volume & Turnover

Volume spiked in the 00:15–03:45 ET window, especially at 3.03e-06, with over 16,690.88 contracts traded. Turnover confirmed the volume activity, showing no divergence with price. A quiet period followed, with minimal volume after 04:00 ET.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute swing (from 3.02e-06 to 3.14e-06), key levels are at 3.08e-06 (38.2%) and 3.11e-06 (61.8%). Price may test the 61.8% level as a potential target or pivot. Daily Fibonacci levels align with the 3.09e-06–3.12e-06 range.

Backtest Hypothesis

A potential backtesting strategy involves detecting "Bullish Engulfing" patterns on the 15-minute chart and holding the trade for exactly 15 minutes. Given the recent formation of such a pattern at 10:30 ET and the RSI/RSI divergence, this approach may yield insights into short-term trend strength. However, as the current platform does not support automated 15-minute pattern detection, a workaround is necessary.

One option is to approximate the strategy using daily bar data and close positions at the next day’s open or close. Alternatively, a custom signal list for each 15-minute Bullish Engulfing event can be provided for a precise backtest. Until intraday data support is available, these adjustments ensure the strategy remains testable and actionable.