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Summary
• HEIBTC opened at 2.16e-06, touched 2.22e-06 high, closed at 2.18e-06 with muted bullish follow-through.
• Volatility peaked at 17:00–19:00 ET but failed to sustain above 2.2e-06.
• Volume surged in early ET hours but diverged from price as trading progressed.
Heima/Bitcoin (HEIBTC) traded within a tight range of 2.16e-06 to 2.22e-06 over the last 24 hours. The pair opened at 2.16e-06 on 2025-11-10 at 12:00 ET and closed at 2.18e-06 as of 12:00 ET on 2025-11-11. Total volume amounted to 50,826.1 and turnover reached $101.64 over the same period.
The formation of bullish and bearish engulfing patterns was evident in the morning hours, but neither led to a decisive breakout. A 20-period EMA on the 15-minute chart shows price hovering slightly above the average, while the 50-period line acts as a minor resistance. On the daily chart, the 50-day and 200-day MA lines remain closely aligned, indicating a consolidative phase.
MACD shows no clear divergence, but RSI is hovering around 50, suggesting a neutral momentum phase. Bollinger Bands show a modest expansion in the 17:00–19:00 ET window, followed by a reversion to the mid-band. Price remains within the 1σ range, indicating moderate volatility.
Fibonacci retracement levels of 38.2% (2.19e-06) and 61.8% (2.2e-06) were tested during the day, with the price failing to close above the 61.8% level. Volume and turnover spiked during 17:00–19:00 ET but diverged from price as the session progressed, indicating a lack of conviction in the upward movement.
Backtest Hypothesis
The Bullish Engulfing pattern remains absent in the current dataset, and no valid entry signals were identified between 2022-01-01 and 2025-11-10. This absence has left all performance metrics at zero, as no positions were opened. The strategy’s parameters—such as entering at the next day’s open and holding for a maximum of five days—were applied strictly, with no additional risk controls. Given the lack of signal formation, the strategy would have remained idle in a live trading environment.
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