Technical Analysis for BITC - Bitwise Bitcoin Strategy Optimum Roll ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 69.24 | 1.94% | 1.32 |
BITC closed up 1.94 percent on Wednesday, November 20, 2024, on 1.75 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | 1.94% | |
| Calm After Storm | Range Contraction | 1.94% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 16 hours ago |
| New 52 Week High | about 16 hours ago |
| 1.5x Volume Pace | about 16 hours ago |
| Up 2% | about 16 hours ago |
| Up 1% | about 16 hours ago |
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The fund seeks to achieve its investment objective through managed exposure to bitcoin futures contracts ("bitcoin futures contracts") and investments in short-term debt securities. The fund does not invest directly in bitcoin. The fund will seek to invest in those bitcoin futures contracts that provide the highest implied roll yield. The fund is non-diversified.
Keywords: Bitcoin Cryptocurrency Digital Currencies Economics Of Bitcoin
Classification
Keywords: Bitcoin Cryptocurrency Digital Currencies Economics Of Bitcoin
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 69.62 |
| 52 Week Low | 30.25 |
| Average Volume | 8,045 |
| 200-Day Moving Average | 48.61 |
| 50-Day Moving Average | 51.14 |
| 20-Day Moving Average | 57.91 |
| 10-Day Moving Average | 64.37 |
| Average True Range | 2.29 |
| RSI (14) | 79.34 |
| ADX | 34.99 |
| +DI | 47.97 |
| -DI | 12.19 |
| Chandelier Exit (Long, 3 ATRs) | 62.76 |
| Chandelier Exit (Short, 3 ATRs) | 55.20 |
| Upper Bollinger Bands | 72.48 |
| Lower Bollinger Band | 43.33 |
| Percent B (%b) | 0.89 |
| BandWidth | 50.35 |
| MACD Line | 5.25 |
| MACD Signal Line | 4.15 |
| MACD Histogram | 1.1012 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 70.65 | ||||
| Resistance 3 (R3) | 70.62 | 70.12 | 70.41 | ||
| Resistance 2 (R2) | 70.12 | 69.76 | 70.13 | 70.34 | |
| Resistance 1 (R1) | 69.68 | 69.54 | 69.43 | 69.71 | 70.26 |
| Pivot Point | 69.18 | 69.18 | 69.06 | 69.20 | 69.18 |
| Support 1 (S1) | 68.74 | 68.82 | 68.49 | 68.77 | 68.22 |
| Support 2 (S2) | 68.24 | 68.60 | 68.26 | 68.14 | |
| Support 3 (S3) | 67.80 | 68.24 | 68.07 | ||
| Support 4 (S4) | 67.83 |
