Technical Analysis for BRRR - Valkyrie Bitcoin Fund

Grade Last Price % Change Price Change
F 19.06 5.83% 1.05
BRRR closed down 1.58 percent on Thursday, July 18, 2024, on 32 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 5.83%
Weak + Overbought Other 5.83%
Overbought Stochastic Strength 5.83%
50 DMA Support Bullish 4.15%
Stochastic Reached Overbought Strength 4.15%
Overbought Stochastic Strength 4.15%
Crossed Above 50 DMA Bullish 3.14%
Up 3 Days in a Row Strength 3.14%
Crossed Above 20 DMA Bullish 6.01%
MACD Bullish Signal Line Cross Bullish 6.01%

   Recent Intraday Alerts

Alert Time
Up 5% about 3 hours ago
Upper Bollinger Band Resistance about 3 hours ago
Rose Above Upper Bollinger Band about 4 hours ago
2x Volume Pace about 4 hours ago
Up 1 ATR about 6 hours ago

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Profile

In seeking to achieve its investment objective, the Trust will hold bitcoin and will value its Shares daily based on the value of bitcoin as reflected by the index, which is an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot exchanges.
Classification

Keywords: Bitcoin Cryptocurrency Economics Of Bitcoin Grayscale Investments

Is BRRR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 20.8787
52 Week Low 10.95
Average Volume 299,100
200-Day Moving Average 0.00
50-Day Moving Average 18.28
20-Day Moving Average 17.26
10-Day Moving Average 17.01
Average True Range 0.66
RSI (14) 53.05
ADX 22.11
+DI 29.52
-DI 27.39
Chandelier Exit (Long, 3 ATRs) 17.06
Chandelier Exit (Short, 3 ATRs) 17.56
Upper Bollinger Bands 18.91
Lower Bollinger Band 15.62
Percent B (%b) 0.73
BandWidth 19.04
MACD Line -0.18
MACD Signal Line -0.41
MACD Histogram 0.2268
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.73
Resistance 3 (R3) 18.78 18.59 18.61
Resistance 2 (R2) 18.59 18.41 18.57 18.57
Resistance 1 (R1) 18.30 18.29 18.21 18.25 18.53
Pivot Point 18.11 18.11 18.06 18.09 18.11
Support 1 (S1) 17.82 17.93 17.73 17.77 17.49
Support 2 (S2) 17.63 17.81 17.61 17.45
Support 3 (S3) 17.34 17.63 17.41
Support 4 (S4) 17.29