Market Overview for Big Time/Tether (BIGTIMEUSDT)

Summary
• Price declined from a high of $0.02708 to a low of $0.02503, closing at $0.02704.
• Volume surged to over 6.4M at 20:30 ET, signaling a key consolidation period.
• RSI showed overbought levels in the late session, suggesting potential exhaustion.

Big Time/Tether (BIGTIMEUSDT) opened at $0.02708 on 2025-11-04 at 12:00 ET, reached a high of $0.02759, and a low of $0.02503, closing at $0.02704 as of 12:00 ET on 2025-11-05. Total volume for the 24-hour period was approximately 15,956,723, while notional turnover amounted to $435,535. The price action has shown a volatile swing with clear bearish and bullish impulses throughout the session.

Structure & Formations

A key support level appears to have been tested and held around $0.02503, with price bouncing off this area during the 20:30–20:45 ET window. On the 15-minute chart, a bullish engulfing pattern was observed between 20:30 and 20:45 ET, followed by a doji at 21:15 ET, indicating indecision. Resistance levels are forming near $0.02708, where price has struggled to close above more than once in the last 24 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages suggest a bullish crossover occurred during the late ET session, supporting the short-term rally. On the daily chart, the 50-period and 200-period moving averages remain in a bearish alignment, indicating medium-term bearish bias.

MACD & RSI

The MACD turned positive during the late ET session, aligning with the bullish reversal. RSI reached overbought territory above 65 late on 2025-11-05, which may indicate a potential pullback. The oscillator has yet to show a bearish divergence, but caution is warranted as overbought readings often precede corrections.

Bollinger Bands

Price spent a significant portion of the day trading near the upper Bollinger Band, especially between 10:00 and 14:00 ET, indicating high volatility. A consolidation phase from 16:00 to 18:00 ET saw price trading closer to the mid-band, but a breakout above the upper band occurred again in the late session.

Volume & Turnover

Volume spiked to 6,480,279 at 20:30 ET, coinciding with a sharp price drop. Turnover also rose sharply during this period, aligning with the move. Later, between 20:45 and 21:30 ET, a volume increase of ~1.2M confirmed a bullish reversal. Price and volume action were aligned during these key moves, suggesting strength in direction.

Fibonacci Retracements

Using the 24-hour low ($0.02503) and high ($0.02759), price retested the 61.8% Fibonacci level (~$0.02645) multiple times. A move above the 78.6% level (~$0.02729) would confirm a potential trend reversal. On the 15-minute chart, the 38.2% and 61.8% retracements were tested and held during the 20:30–21:00 ET window, supporting short-term stability.

Backtest Hypothesis

The Morning Star pattern is a common reversal indicator in candlestick analysis and is typically used to detect potential turning points in a downtrend. In this case, an attempt to retrieve signals for the pattern under the ticker "HOLD.P" encountered errors likely due to the symbol not being recognized by the data provider. This could be because of unsupported extensions, low liquidity, or an incorrect ticker format. To proceed effectively, verifying or correcting the ticker symbol is essential. Alternatively, a demonstration using a well-covered proxy like SPY may help clarify the methodology before applying it to the target symbol. Once the correct identifier is established, a 5-day-hold back-test from 2022-01-01 to the current date can be conducted to assess the pattern's effectiveness in capturing market reversals.