Market Overview for Alchemy Pay/Bitcoin (ACHBTC) – 2025-09-24

• Alchemy Pay/Bitcoin (ACHBTC) traded in a narrow range of 1.6e-07 with no price movement across 24 hours.
• Volume and turnover were effectively flat for most of the period, indicating near-zero market activity.
• A single 15-minute candle at 21:15 ET saw 625.0 volume, followed by another at 5:30 AM ET with 707.0 volume, but no resulting price change.
• No candlestick patterns (e.g., doji, engulfing) were observed due to flat OHLC values.
• RSI and MACD showed no momentum or trend signals due to lack of price movement and volume.

24-Hour Summary

At 12:00 ET on 2025-09-24, Alchemy Pay/Bitcoin (ACHBTC) opened and closed at 1.6e-07. The high and low for the day also remained fixed at this level, indicating no price movement. Total traded volume over the 24-hour period was 1,332.0, with all trades occurring in two 15-minute intervals (21:15 ET and 5:30 AM ET). Notional turnover was minimal, reflecting a near-complete lack of trading interest in the pair.

Structure & Formations

The 15-minute OHLC data reveals a completely flat price structure with no identifiable support or resistance levels. All candles displayed identical open, high, low, and close values, forming no recognizable candlestick patterns. This suggests an absence of directional bias and minimal on-chain participation. Given the flatness, the 20-period and 50-period moving averages would also remain static at 1.6e-07, with no crossover or divergence signals.

MACD & RSI

With no price movement, the MACD histogram and signal line remain at zero. The RSI, calculated over a typical 14-period basis, also remains neutral at 50, indicating no overbought or oversold conditions. The lack of volume further diminishes the reliability of these indicators, as their inputs (price and volume) are insufficient to detect meaningful momentum.

Backtest Hypothesis

The proposed backtesting strategy suggests initiating long positions on ACHBTC when the 20-period moving average crosses above the 50-period moving average on the 15-minute chart, with a stop-loss at the 20-period moving average and a take-profit target at the 61.8% Fibonacci retracement level of the prior swing. However, due to the flat price and volume profile observed in this 24-hour window, such a strategy would not trigger any signals. The near-zero turnover and absence of price variance would likely lead to an uneventful backtest outcome, with no entries or exits generated. This highlights the need for additional filters to avoid execution in illiquid or dormant assets.

Bollinger Bands and Volatility

Bollinger Bands, calculated using a 20-period moving average and 2-standard deviations, would collapse entirely at the 1.6e-07 level, with no upper or lower band divergence. This illustrates a complete contraction in volatility. Price remains tightly confined within the band, indicating no short-term deviation. In a typical scenario, such a contraction might hint at a potential breakout, but here, it reinforces the market’s inactivity and lack of direction.

Volume and Turnover

The volume distribution was highly concentrated in two 15-minute intervals, with no significant turnover to accompany the trades. These spikes do not confirm or reject price movement, as no directional bias was present. The near-zero volume across most of the period suggests that the pair is either illiquid or attracting very limited participation. A divergence between price and volume would typically raise caution, but in this case, the flatness of price negates such an interpretation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing (or daily swing) is not feasible, as there is no swing to reference. With no identifiable high or low to define a trend, Fibonacci levels such as 38.2% or 61.8% cannot be calculated. This further illustrates the absence of trend formation and suggests the pair is in a state of consolidation or dormancy.

Forward-Looking View and Risk Caveat

Looking ahead, the pair is likely to remain in a narrow range or see minimal directional movement unless a significant external catalyst emerges. Investors should be cautious of liquidity risks, as the near-zero turnover and sporadic volume indicate that the asset may not respond predictably to even moderate trading pressure.