Technical Analysis for BTFX - Valkyrie Bitcoin Futures Leveraged Strategy ETF

Grade Last Price % Change Price Change
B 52.49 0.19% 0.10
BTFX closed up 0.19 percent on Wednesday, November 13, 2024, on 2.84 times normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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 N/A Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
New 52 Week High Strength 0.00%
Parabolic Rise Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 9 hours ago
Rose Above Previous Day's High about 11 hours ago
New 52 Week High about 11 hours ago
2x Volume Pace about 11 hours ago
1.5x Volume Pace about 11 hours ago

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Valkyrie Bitcoin Futures Leveraged Strategy ETF Description

BTFX aims to enhance returns by leveraging cash-settled Bitcoin futures contracts seeking to double the index performance return. This approach allows tracking of Bitcoins price shifts without direct ownership of the digital asset. Additionally, the fund may invest in other Bitcoin Futures ETFs and Bitcoin-linked ETPs, striking a balance between risks and opportunities within the digital assets space. The fund strategically diversifies across a range of high-quality securities, including US Government bonds, money market funds, and premium corporate debt securities to manage risk. Notably, BTFX ensures compliance with regulatory standards through its Cayman Islands Subsidiary. To comply with RIC requirements, BTFX will invest in reverse repurchase agreements. Despite Bitcoins known volatility, BTFX aims to provide a vehicle to navigate the cryptocurrency market. Thorough due diligence on cryptocurrency investment risks is essential before considering investment in the fund.


Classification

Keywords: Bitcoin Cryptocurrency Economics Of Bitcoin Us Government

Is BTFX 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 56.29
52 Week Low 16.37
Average Volume 40,309
200-Day Moving Average 0.00
50-Day Moving Average 29.50
20-Day Moving Average 35.87
10-Day Moving Average 39.82
Average True Range 3.10
RSI (14) 80.73
ADX 28.88
+DI 59.13
-DI 11.41
Chandelier Exit (Long, 3 ATRs) 46.99
Chandelier Exit (Short, 3 ATRs) 38.08
Upper Bollinger Bands 50.13
Lower Bollinger Band 21.60
Percent B (%b) 1.08
BandWidth 79.55
MACD Line 5.27
MACD Signal Line 3.27
MACD Histogram 1.9978
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.79
Resistance 3 (R3) 59.35 57.82 57.74
Resistance 2 (R2) 57.82 56.22 57.54 57.39
Resistance 1 (R1) 55.16 55.23 54.39 54.59 57.04
Pivot Point 53.62 53.62 53.24 53.34 53.62
Support 1 (S1) 50.96 52.02 50.19 50.39 47.94
Support 2 (S2) 49.43 51.03 49.14 47.59
Support 3 (S3) 46.76 49.43 47.24
Support 4 (S4) 46.19