Technical Analysis for BTCW - WisdomTree Bitcoin Fund

Grade Last Price % Change Price Change
D 67.70 -1.48% -1.02
BTCW closed down 1.48 percent on Friday, April 26, 2024, on 39 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Inside Day Range Contraction 0.00%
Gapped Down Weakness 0.00%
MACD Bearish Centerline Cross Bearish -1.48%
Crossed Above 50 DMA Bullish -1.48%
180 Bullish Setup Bullish Swing Setup -1.48%
Gapped Down Weakness -1.48%
Fell Below 50 DMA Bearish -0.31%
Multiple of Ten Bearish Other -0.31%
20 DMA Resistance Bearish -4.18%

   Recent Intraday Alerts

Alert Time
5x Volume Pace 1 day ago
Possible Inside Day 1 day ago
3x Volume Pace 1 day ago
Down 2 % 1 day ago
2x Volume Pace 1 day 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 459,013
200-Day Moving Average 0.00
50-Day Moving Average 68.62
20-Day Moving Average 70.45
10-Day Moving Average 68.04
Average True Range 2.92
RSI (14) 40.83
ADX 17.03
+DI 22.69
-DI 35.04
Chandelier Exit (Long, 3 ATRs) 67.99
Chandelier Exit (Short, 3 ATRs) 72.48
Upper Bollinger Bands 76.53
Lower Bollinger Band 64.37
Percent B (%b) 0.27
BandWidth 17.25
MACD Line -0.20
MACD Signal Line 0.37
MACD Histogram -0.5756
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 69.91
Resistance 3 (R3) 70.01 69.39 69.54
Resistance 2 (R2) 69.39 68.83 69.33 69.41
Resistance 1 (R1) 68.54 68.48 68.23 68.44 69.29
Pivot Point 67.92 67.92 67.76 67.86 67.92
Support 1 (S1) 67.07 67.36 66.76 66.97 66.11
Support 2 (S2) 66.45 67.01 66.39 65.99
Support 3 (S3) 65.60 66.45 65.86
Support 4 (S4) 65.50