Technical Analysis for BTCW - WisdomTree Bitcoin Fund

Grade Last Price % Change Price Change
A 100.18 2.00% 1.96
BTCW closed up 2.0 percent on Wednesday, November 20, 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 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 16 hours ago
Possible NR7 about 17 hours ago
60 Minute Opening Range Breakdown about 19 hours ago
60 Minute Opening Range Breakout about 20 hours ago
Gapped Up (Full) about 21 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 100.8399
52 Week Low 41.082
Average Volume 68,981
200-Day Moving Average 68.47
50-Day Moving Average 73.84
20-Day Moving Average 83.75
10-Day Moving Average 93.12
Average True Range 3.39
RSI (14) 79.30
ADX 36.5
+DI 47.43
-DI 12.09
Chandelier Exit (Long, 3 ATRs) 90.67
Chandelier Exit (Short, 3 ATRs) 79.38
Upper Bollinger Bands 104.85
Lower Bollinger Band 62.65
Percent B (%b) 0.89
BandWidth 50.39
MACD Line 7.65
MACD Signal Line 6.06
MACD Histogram 1.5883
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 102.70
Resistance 3 (R3) 102.63 101.74 102.28
Resistance 2 (R2) 101.74 101.10 101.77 102.14
Resistance 1 (R1) 100.96 100.70 100.51 101.02 102.00
Pivot Point 100.06 100.06 99.84 100.09 100.06
Support 1 (S1) 99.29 99.42 98.84 99.35 98.37
Support 2 (S2) 98.39 99.03 98.42 98.23
Support 3 (S3) 97.61 98.39 98.09
Support 4 (S4) 97.67