Technical Analysis for BTFX - Valkyrie Bitcoin Futures Leveraged Strategy ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Strong | N/A | Up | Up |
Date | Alert Name | Type | % Chg |
---|---|---|---|
New 52 Week Closing High | Bullish | 0.00% | |
180 Bullish Setup | Bullish Swing Setup | 0.00% | |
Upper Bollinger Band Walk | Strength | 0.00% | |
Multiple of Ten Bullish | Other | 0.00% | |
Inside Day | Range Contraction | 0.00% | |
Wide Bands | Range Expansion | 0.00% | |
Gapped Up | Strength | 0.00% | |
Overbought Stochastic | Strength | 0.00% | |
Evening Star | Bearish | 9.26% | |
Slingshot Bullish | Bullish Swing Setup | 9.26% |
Alert | Time |
---|---|
60 Minute Opening Range Breakout | 2 days ago |
Up 5% | 2 days ago |
Possible Inside Day | 2 days ago |
Gap Up Partially Closed | 2 days ago |
Upper Bollinger Band Resistance | 2 days ago |
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Valkyrie Bitcoin Futures Leveraged Strategy ETF Description
BTFX aims to enhance returns by leveraging cash-settled Bitcoin futures contracts seeking to double the index performance return. This approach allows tracking of Bitcoins price shifts without direct ownership of the digital asset. Additionally, the fund may invest in other Bitcoin Futures ETFs and Bitcoin-linked ETPs, striking a balance between risks and opportunities within the digital assets space. The fund strategically diversifies across a range of high-quality securities, including US Government bonds, money market funds, and premium corporate debt securities to manage risk. Notably, BTFX ensures compliance with regulatory standards through its Cayman Islands Subsidiary. To comply with RIC requirements, BTFX will invest in reverse repurchase agreements. Despite Bitcoins known volatility, BTFX aims to provide a vehicle to navigate the cryptocurrency market. Thorough due diligence on cryptocurrency investment risks is essential before considering investment in the fund.
Classification
Keywords: Bitcoin Cryptocurrency Us Government 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 | 56.29 |
52 Week Low | 16.37 |
Average Volume | 41,418 |
200-Day Moving Average | 0.00 |
50-Day Moving Average | 30.79 |
20-Day Moving Average | 37.94 |
10-Day Moving Average | 43.73 |
Average True Range | 3.34 |
RSI (14) | 77.01 |
ADX | 32.36 |
+DI | 47.31 |
-DI | 14.08 |
Chandelier Exit (Long, 3 ATRs) | 46.26 |
Chandelier Exit (Short, 3 ATRs) | 38.81 |
Upper Bollinger Bands | 54.79 |
Lower Bollinger Band | 21.10 |
Percent B (%b) | 0.99 |
BandWidth | 88.78 |
MACD Line | 6.08 |
MACD Signal Line | 4.20 |
MACD Histogram | 1.8798 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 60.77 | ||||
Resistance 3 (R3) | 60.05 | 57.17 | 59.69 | ||
Resistance 2 (R2) | 57.17 | 55.53 | 57.53 | 59.33 | |
Resistance 1 (R1) | 55.74 | 54.51 | 56.46 | 56.46 | 58.97 |
Pivot Point | 52.86 | 52.86 | 53.22 | 53.22 | 52.86 |
Support 1 (S1) | 51.43 | 51.22 | 52.15 | 52.15 | 49.63 |
Support 2 (S2) | 48.55 | 50.20 | 48.91 | 49.27 | |
Support 3 (S3) | 47.12 | 48.55 | 48.91 | ||
Support 4 (S4) | 47.84 |