Technical Analysis for BITB - Bitwise Bitcoin ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | -0.96% | |
| Down 3 Days in a Row | Weakness | -0.96% | |
| Stochastic Sell Signal | Bearish | -2.02% | |
| Overbought Stochastic | Strength | -2.02% | |
| Narrow Range Bar | Range Contraction | -4.65% | |
| Inside Day | Range Contraction | -4.65% | |
| Overbought Stochastic | Strength | -4.65% | |
| Gapped Down | Weakness | -4.65% | |
| Pocket Pivot | Bullish Swing Setup | -5.59% | |
| Multiple of Ten Bearish | Other | -5.59% |
| Alert | Time |
|---|---|
| 1.5x Volume Pace | about 2 hours ago |
| Fell Below Previous Day's Low | about 2 hours ago |
| Down 1% | about 2 hours ago |
| Fell Below 10 DMA | about 2 hours ago |
| 10 DMA Support | 3 days ago |
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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
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 40.16 |
| 52 Week Low | 21.05 |
| Average Volume | 2,142,427 |
| 200-Day Moving Average | 33.61 |
| 50-Day Moving Average | 34.37 |
| 20-Day Moving Average | 36.38 |
| 10-Day Moving Average | 37.58 |
| Average True Range | 1.27 |
| RSI (14) | 56.90 |
| ADX | 16.45 |
| +DI | 31.90 |
| -DI | 25.24 |
| Chandelier Exit (Long, 3 ATRs) | 36.32 |
| Chandelier Exit (Short, 3 ATRs) | 35.85 |
| Upper Bollinger Bands | 39.98 |
| Lower Bollinger Band | 32.78 |
| Percent B (%b) | 0.68 |
| BandWidth | 19.80 |
| MACD Line | 1.16 |
| MACD Signal Line | 1.05 |
| MACD Histogram | 0.1071 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 39.97 | ||||
| Resistance 3 (R3) | 40.15 | 39.56 | 39.58 | ||
| Resistance 2 (R2) | 39.56 | 38.98 | 39.47 | 39.45 | |
| Resistance 1 (R1) | 38.62 | 38.62 | 38.33 | 38.44 | 39.33 |
| Pivot Point | 38.03 | 38.03 | 37.89 | 37.94 | 38.03 |
| Support 1 (S1) | 37.09 | 37.45 | 36.80 | 36.91 | 36.01 |
| Support 2 (S2) | 36.50 | 37.09 | 36.41 | 35.89 | |
| Support 3 (S3) | 35.56 | 36.50 | 35.76 | ||
| Support 4 (S4) | 35.38 |
