Technical Analysis for IBIT - iShares Bitcoin Trust
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 53.72 | 1.94% | 1.02 |
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | 1.94% | |
| Calm After Storm | Range Contraction | 1.94% | |
| NR7 | Range Contraction | 1.94% |
| Alert | Time |
|---|---|
| Possible NR7 | about 17 hours ago |
| 60 Minute Opening Range Breakdown | about 19 hours ago |
| 2x Volume Pace | about 21 hours ago |
| 1.5x Volume Pace | about 21 hours ago |
| 3x Volume Pace | about 21 hours ago |
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iShares Bitcoin Trust Description
IBIT aims to track the spot price of Bitcoin, less expenses and liabilities. It intends to provide accessibility to Bitcoin without the complexities of acquiring, holding, and trading directly through a digital asset platform. The trust is backed by Bitcoin held in cold storage, which is a safeguarding method by which the private keys corresponding to the trusts Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CF Benchmarks Index. This serves as a once-a-day benchmark rate of Bitcoins USD price, calculated as of 4:00 pm ET. The index aggregates the trade flow of several Bitcoin platforms during an observation window, focusing on relevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes
Classification
Keywords: Bitcoin Cryptocurrency Economics Of Bitcoin
Top 10 Components
| Symbol | Grade | Price % Change | Allocation | |
|---|---|---|---|---|
| BTC | A | 409.00 | 100.00 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 54.17 |
| 52 Week Low | 22.02 |
| Average Volume | 39,450,212 |
| 200-Day Moving Average | 36.73 |
| 50-Day Moving Average | 39.60 |
| 20-Day Moving Average | 44.92 |
| 10-Day Moving Average | 49.94 |
| Average True Range | 1.96 |
| RSI (14) | 79.25 |
| ADX | 36.85 |
| +DI | 44.51 |
| -DI | 11.09 |
| Chandelier Exit (Long, 3 ATRs) | 48.30 |
| Chandelier Exit (Short, 3 ATRs) | 42.96 |
| Upper Bollinger Bands | 56.23 |
| Lower Bollinger Band | 33.61 |
| Percent B (%b) | 0.89 |
| BandWidth | 50.35 |
| MACD Line | 4.10 |
| MACD Signal Line | 3.25 |
| MACD Histogram | 0.8494 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 55.39 | ||||
| Resistance 3 (R3) | 55.35 | 54.76 | 55.11 | ||
| Resistance 2 (R2) | 54.76 | 54.34 | 54.78 | 55.01 | |
| Resistance 1 (R1) | 54.24 | 54.07 | 53.95 | 54.28 | 54.92 |
| Pivot Point | 53.65 | 53.65 | 53.50 | 53.67 | 53.65 |
| Support 1 (S1) | 53.13 | 53.23 | 52.84 | 53.17 | 52.52 |
| Support 2 (S2) | 52.54 | 52.96 | 52.56 | 52.43 | |
| Support 3 (S3) | 52.02 | 52.54 | 52.33 | ||
| Support 4 (S4) | 52.06 |
