Technical Analysis for BTCW - WisdomTree Bitcoin Fund

Grade Last Price % Change Price Change
B 72.19 5.11% 3.51
BTCW closed up 5.11 percent on Friday, July 26, 2024, on approximately 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 stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above 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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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
Crossed Above 50 DMA Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Fell Below 50 DMA Bearish 5.11%
NR7 Range Contraction 5.11%
NR7-2 Range Contraction 5.11%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 10 hours ago
60 Minute Opening Range Breakdown about 14 hours ago
Up 5% about 14 hours ago
2x Volume Pace about 14 hours ago
1.5x Volume Pace about 14 hours ago

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Profile

WisdomTree Bitcoin Fund Description

BTCW passively tracks Bitcoins market price using the CME CF Bitcoin Reference Rate New York Variant, which aggregates data from a selection of Bitcoin exchanges that meet their constituent exchange criteria. The process of choosing the exchange trading platforms focuses on including reliable, transparent exchanges with strong trading activity from diverse geographic regions, all while ensuring adherence to regulatory standards for an accurate reflection of the bitcoin market. BTCW focuses on asset protection through primarily offline cold storage, mitigating the risk of cyber theft. Tailored for potential portfolio diversification into digital assets within more traditional investment products, BTCW is structured to mirror Bitcoins price movements and is aimed at investors seeking indirect exposure to the digital asset market while avoiding the complexities of direct cryptocurrency ownership. Additionally, it is important to note that investors should compare fees, such as expense ratio, tracking, and overall cost when selecting specific investments in this space.


Classification

Keywords: Bitcoin Cryptocurrency Investment Product Economics Of Bitcoin Private Currencies

Is BTCW 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 78.16
52 Week Low 41.082
Average Volume 90,788
200-Day Moving Average 0.00
50-Day Moving Average 69.09
20-Day Moving Average 66.16
10-Day Moving Average 69.71
Average True Range 2.54
RSI (14) 59.02
ADX 19.55
+DI 35.28
-DI 24.93
Chandelier Exit (Long, 3 ATRs) 64.99
Chandelier Exit (Short, 3 ATRs) 66.11
Upper Bollinger Bands 74.38
Lower Bollinger Band 57.93
Percent B (%b) 0.87
BandWidth 24.87
MACD Line 0.91
MACD Signal Line 0.04
MACD Histogram 0.8711
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 73.90
Resistance 3 (R3) 73.73 73.00 73.62
Resistance 2 (R2) 73.00 72.56 73.08 73.52
Resistance 1 (R1) 72.59 72.29 72.80 72.76 73.42
Pivot Point 71.86 71.86 71.96 71.94 71.86
Support 1 (S1) 71.45 71.42 71.66 71.62 70.96
Support 2 (S2) 70.72 71.15 70.80 70.86
Support 3 (S3) 70.31 70.72 70.77
Support 4 (S4) 70.48