Quant/Bitcoin (QNTBTC) Market Overview

• Price dipped to 0.0008042 on 24-hour lows before a late recovery toward 0.0008176.
• Volume surged at key turning points, with notable accumulation near 0.0008105.
• RSI suggested overbought conditions at 80, while Bollinger Bands showed a recent contraction.
• A bullish engulfing pattern formed post-14:45 ET, signaling potential short-term reversal.
• Fibonacci retracement levels aligned with recent consolidation around 0.0008126.

The Quant/Bitcoin (QNTBTC) pair opened at 0.0008181 on 2025-11-06 at 12:00 ET and closed at 0.0008088 on 2025-11-07 at 12:00 ET. Prices reached a high of 0.0008333 and a low of 0.0008033 during the 24-hour period. Total volume traded was 820.753, with a notional turnover of approximately $682,400 at average prices. The price action indicates a volatile session with mixed directional signals.

Key support levels emerged around 0.0008056 and 0.0008026, with resistance observed at 0.0008126 and 0.0008176. A bullish engulfing pattern formed near 0.0008176 after a pullback to 0.0008105, suggesting potential short-term buying interest. The 20-period and 50-period moving averages on the 15-minute chart crossed during the afternoon, indicating a possible trend reversal. A 50-period MA remained above the 100-period and 200-period MAs, suggesting a longer-term bullish bias.

Relative Strength Index (RSI) readings briefly touched overbought levels (80) during the afternoon rally, indicating potential for a pullback. Conversely, it also hit oversold conditions (20) following early-morning weakness, suggesting short-term buying opportunities. Bollinger Bands showed a recent contraction in the morning, which often precedes a breakout. Prices remained within the bands for most of the session but briefly pierced the upper band in the late afternoon.

Volume surged during the bullish engulfing candle and at key Fibonacci retracement levels, confirming price action. However, price and volume diverged during the morning decline, with volume failing to rise alongside falling prices. This discrepancy may suggest weakening bearish momentum. Looking ahead, a break above 0.0008176 could trigger further upside, but a retest of 0.0008056 may be imminent. Investors should remain cautious of diverging volume patterns and potential false breakouts.

The backtesting strategy aims to identify and act on bullish engulfing patterns in the QNTBTC pair using a 1-day-hold approach. These patterns typically signal a reversal from a downtrend to an uptrend, especially when formed near key support levels and accompanied by increasing volume. The strategy would look to enter long positions at the close of the engulfing candle and hold through the next 24 hours, with stop-loss and take-profit levels aligned to Fibonacci retracements and Bollinger Band thresholds. To improve robustness, it would filter trades where RSI confirms momentum and divergence is avoided. If the symbol QNTBTC is verified, this hypothesis can be tested against historical data from 2022–01–01 through 2025–11–07.