Market Overview for Lisk/Bitcoin (LSKBTC) – 2025-11-09

Summary
• Price action remained range-bound within a tight band between 1.95e-06 and 2.05e-06 BTC.
• High volatility was observed during the early hours of the session but diminished by midday.
• Turnover spiked during key 15-minute intervals, suggesting increased liquidity and order flow activity.

Lisk/Bitcoin (LSKBTC) opened at 2.01e-06 BTC on 2025-11-08 at 12:00 ET and reached a high of 2.05e-06 BTC, while the low was 1.95e-06 BTC before closing at 2.01e-06 BTC on 2025-11-09 at 12:00 ET. The 24-hour volume totaled approximately 194,177.1 units, translating to a turnover of 0.392 BTC, given the average price of ~2.02e-06 BTC.

Structure & Formations

Price action remained tightly contained in a 1.95e-06 to 2.05e-06 range over the 24-hour period, indicating strong bid resistance near 1.96e-06 and a ceiling near 2.03e-06. A few 15-minute bullish and bearish engulfing patterns emerged, particularly in the 19:15–19:30 and 21:15–21:30 ET windows, but lacked follow-through. No decisive reversal patterns (e.g., doji, morning/evening stars) were formed, suggesting indecision among traders.

Moving Averages

The 20-period and 50-period EMA on the 15-minute chart showed a very close convergence, with the 50 EMA slightly above the 20 EMA. This indicates a neutral to slightly bearish bias in the short term, as price dipped below these lines during the early morning. On the daily chart, the 50/100/200 EMA lines were closely aligned near 2.01e-06 BTC, suggesting consolidation rather than a trend.

MACD & RSI

The MACD (12,26,9) showed a flat histogram and a near-zero line, reflecting neutral momentum. The RSI (14) oscillated between 40 and 60, indicating neither overbought nor oversold conditions. During a brief 15-minute window (19:15–19:30), the RSI touched 68, suggesting a short-term overbought condition that failed to trigger a reversal.

Bollinger Bands

Price action was tightly compressed between the Bollinger Band boundaries throughout the day, indicating low volatility. This compression occurred during the 18:30–20:15 ET window, suggesting a potential breakout was possible. Price tested the upper band briefly but failed to close above it, remaining within the 1.95e-06–2.05e-06 consolidation range.

Volume & Turnover

Volume spiked during key 15-minute intervals, particularly at 19:15, 21:15, and 08:15 ET, coinciding with sharp price moves. Notional turnover followed a similar pattern, peaking during these same windows. The price-volume correlation was strong during these periods, indicating genuine liquidity and order flow rather than wash trading.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing low at 1.95e-06 and swing high at 2.05e-06, the 38.2% and 61.8% levels fell around 1.985e-06 and 2.01e-06 BTC, respectively. Price lingered near the 61.8% level and reversed down, suggesting resistance at that level. On the daily chart, retracement levels showed similar consolidation, with 1.96e-06 BTC acting as a key support.

Backtest Hypothesis

The backtest scenario hinges on RSI behavior, though historical RSI data for LSKBTC is currently unavailable, likely due to a data source or symbol formatting issue. To proceed accurately, we need confirmation on the correct symbol (e.g., LSK-BTC or LSKBTC:BINANCE), RSI settings (e.g., 14-period), and whether the entry signal was intended as oversold (RSI < 30) or overbought (RSI > 70). The exit condition is to sell the entire position if the price first touches 0.00000195 BTC, which would be a clear trigger. Clarifying these details will allow us to either retry retrieving RSI data or proceed with a manual backtest using a provided list of entry dates.