Technical Analysis for BRRR - Valkyrie Bitcoin Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 27.47 | 2.85% | 0.76 |
BRRR closed up 1.91 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 2.85% | |
| NR7 | Range Contraction | 2.85% | |
| NR7-2 | Range Contraction | 2.85% | |
| New 52 Week High | Strength | 2.85% | |
| Wide Bands | Range Expansion | 2.85% | |
| Gapped Up | Strength | 2.85% | |
| Overbought Stochastic | Strength | 2.85% | |
| New 52 Week Closing High | Bullish | 4.81% | |
| NR7 | Range Contraction | 4.81% | |
| New 52 Week High | Strength | 4.81% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 2 hours ago |
| Up 1 ATR | about 2 hours ago |
| 2x Volume Pace | about 3 hours ago |
| 1.5x Volume Pace | about 3 hours ago |
| Gapped Up (Full) | about 3 hours ago |
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Basic chart:
In seeking to achieve its investment objective, the Trust will hold bitcoin and will value its Shares daily based on the value of bitcoin as reflected by the index, which is an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot exchanges.
Keywords: Bitcoin Cryptocurrency Economics Of Bitcoin Grayscale Investments
Classification
Keywords: Bitcoin Cryptocurrency Economics Of Bitcoin Grayscale Investments
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 26.91 |
| 52 Week Low | 10.95 |
| Average Volume | 223,683 |
| 200-Day Moving Average | 18.27 |
| 50-Day Moving Average | 19.70 |
| 20-Day Moving Average | 22.34 |
| 10-Day Moving Average | 24.83 |
| Average True Range | 0.94 |
| RSI (14) | 79.59 |
| ADX | 36.52 |
| +DI | 46.07 |
| -DI | 11.52 |
| Chandelier Exit (Long, 3 ATRs) | 24.10 |
| Chandelier Exit (Short, 3 ATRs) | 21.27 |
| Upper Bollinger Bands | 27.96 |
| Lower Bollinger Band | 16.72 |
| Percent B (%b) | 0.89 |
| BandWidth | 50.34 |
| MACD Line | 2.04 |
| MACD Signal Line | 1.62 |
| MACD Histogram | 0.4225 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 27.46 | ||||
| Resistance 3 (R3) | 27.44 | 27.18 | 27.34 | ||
| Resistance 2 (R2) | 27.18 | 26.99 | 27.19 | 27.29 | |
| Resistance 1 (R1) | 26.94 | 26.87 | 26.81 | 26.96 | 27.25 |
| Pivot Point | 26.68 | 26.68 | 26.61 | 26.69 | 26.68 |
| Support 1 (S1) | 26.44 | 26.49 | 26.31 | 26.46 | 26.17 |
| Support 2 (S2) | 26.18 | 26.37 | 26.19 | 26.13 | |
| Support 3 (S3) | 25.94 | 26.18 | 26.09 | ||
| Support 4 (S4) | 25.96 |
