Technical Analysis for BITB - Bitwise Bitcoin ETF

Grade Last Price % Change Price Change
A 52.71 2.49% 1.28
BITB closed up 1.9 percent on Wednesday, November 20, 2024, on 77 percent of 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 2.49%
NR7 Range Contraction 2.49%
NR7-2 Range Contraction 2.49%
New 52 Week High Strength 2.49%
Wide Bands Range Expansion 2.49%
Gapped Up Strength 2.49%
Overbought Stochastic Strength 2.49%
Up 3 Days in a Row Strength 2.49%
Up 4 Days in a Row Strength 2.49%
New 52 Week Closing High Bullish 4.44%

   Recent Intraday Alerts

Alert Time
Gapped Up (Full) about 2 hours ago
Rose Above Previous Day's High about 2 hours ago
New 52 Week High about 2 hours ago
1.5x Volume Pace about 2 hours ago
Up 3% about 2 hours ago

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Profile

Bitwise Bitcoin ETF Description

BITB aims to track the spot price of Bitcoin (BTC), less liabilities and expenses. It intends to provide investors with a cost-effective and convenient way to invest in Bitcoin. The fund owns Bitcoin directly and holds it in a multi-layer cold storage, which is a safeguarding method wherein the private keys providing access to the funds Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CME CF Bitcoin Reference Rate - New York Variant. 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

Is BITB 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 51.78
52 Week Low 21.05
Average Volume 2,380,369
200-Day Moving Average 35.11
50-Day Moving Average 37.90
20-Day Moving Average 42.99
10-Day Moving Average 47.80
Average True Range 1.83
RSI (14) 79.42
ADX 36.79
+DI 45.40
-DI 11.18
Chandelier Exit (Long, 3 ATRs) 46.29
Chandelier Exit (Short, 3 ATRs) 40.98
Upper Bollinger Bands 53.83
Lower Bollinger Band 32.15
Percent B (%b) 0.89
BandWidth 50.42
MACD Line 3.93
MACD Signal Line 3.11
MACD Histogram 0.8173
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 52.92
Resistance 3 (R3) 52.87 52.32 52.67
Resistance 2 (R2) 52.32 51.95 52.35 52.58
Resistance 1 (R1) 51.88 51.71 51.61 51.93 52.50
Pivot Point 51.33 51.33 51.20 51.36 51.33
Support 1 (S1) 50.89 50.96 50.62 50.94 50.36
Support 2 (S2) 50.34 50.72 50.37 50.28
Support 3 (S3) 49.90 50.34 50.19
Support 4 (S4) 49.95