Technical Analysis for BTCW - WisdomTree Bitcoin Fund

Grade Last Price % Change Price Change
A 80.70 -0.26% -0.21
BTCW closed down 0.26 percent on Thursday, November 7, 2024, on 19 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Inside Day Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%
MACD Bullish Signal Line Cross Bullish -0.26%
New 52 Week Closing High Bullish -0.26%

   Recent Intraday Alerts

Alert Time
Gap Down Closed about 7 hours ago
Reversed from Down about 7 hours ago
Rose Above Previous Day's High about 7 hours ago
New 52 Week High about 7 hours ago
60 Minute Opening Range Breakout about 9 hours ago

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WisdomTree Bitcoin Fund Description

BTCW passively tracks Bitcoins market price using the CME CF Bitcoin Reference Rate New York Variant, which aggregates data from a selection of Bitcoin exchanges that meet their constituent exchange criteria. The process of choosing the exchange trading platforms focuses on including reliable, transparent exchanges with strong trading activity from diverse geographic regions, all while ensuring adherence to regulatory standards for an accurate reflection of the bitcoin market. BTCW focuses on asset protection through primarily offline cold storage, mitigating the risk of cyber theft. Tailored for potential portfolio diversification into digital assets within more traditional investment products, BTCW is structured to mirror Bitcoins price movements and is aimed at investors seeking indirect exposure to the digital asset market while avoiding the complexities of direct cryptocurrency ownership. Additionally, it is important to note that investors should compare fees, such as expense ratio, tracking, and overall cost when selecting specific investments in this space.


Classification

Keywords: Bitcoin Cryptocurrency Investment Product Economics Of Bitcoin Private Currencies

Is BTCW 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 81.03
52 Week Low 41.082
Average Volume 67,252
200-Day Moving Average 66.25
50-Day Moving Average 67.78
20-Day Moving Average 73.13
10-Day Moving Average 75.20
Average True Range 2.68
RSI (14) 66.67
ADX 17.91
+DI 41.70
-DI 21.18
Chandelier Exit (Long, 3 ATRs) 72.99
Chandelier Exit (Short, 3 ATRs) 70.54
Upper Bollinger Bands 79.77
Lower Bollinger Band 66.50
Percent B (%b) 1.07
BandWidth 18.15
MACD Line 2.76
MACD Signal Line 2.22
MACD Histogram 0.5355
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 82.85
Resistance 3 (R3) 82.61 81.64 82.49
Resistance 2 (R2) 81.64 81.09 81.77 82.37
Resistance 1 (R1) 81.17 80.76 81.41 81.42 82.25
Pivot Point 80.21 80.21 80.33 80.33 80.21
Support 1 (S1) 79.74 79.66 79.97 79.98 79.15
Support 2 (S2) 78.77 79.32 78.90 79.03
Support 3 (S3) 78.30 78.77 78.91
Support 4 (S4) 78.55