Technical Analysis for BTRN - Global X Bitcoin Trend Strategy ETF

Grade Last Price % Change Price Change
A 25.80 -1.38% -0.36
BTRN closed down 1.38 percent on Friday, November 1, 2024, on 24 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Flat

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Stochastic Sell Signal Bearish -1.38%
Narrow Range Bar Range Contraction -1.38%
Overbought Stochastic Strength -1.38%
Gapped Down Weakness -1.38%
Slingshot Bullish Bullish Swing Setup -3.89%
Narrow Range Bar Range Contraction -3.89%

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Profile

Global X Bitcoin Trend Strategy ETF Description

BTRN tracks an index that seeks to provide long-only exposure to US exchange-traded bitcoin futures contracts or a short-term US Treasury position. The index dynamically allocates between these two positions based on the value of a proprietary bitcoin trend indicator. The indicator aims to detect the presence, direction, and strength of the price trend of bitcoin. A combination of four exponential moving average calculations are considered in order to compute a single value of the average price of bitcoin over explicit periods. Based on this value, the index increases its allocation to bitcoin futures (up to 100%) when the value indicated is higher, and decreases (until 0%) when the value is lower. Any funds assets not allocated to the bitcoin futures position are subsequently allocated to the US Treasurys position, up to 100%. The fund seeks to gain exposure to BTC futures through investments in a Cayman Islands subsidiary.


Classification

Sector: Other
Industry: Other
Keywords: Bitcoin

Top 10 Components

Symbol Grade Price % Change Allocation
CLIP A 0.05 65.48

Is BTRN 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 34.8399
52 Week Low 20.72
Average Volume 263
200-Day Moving Average 0.00
50-Day Moving Average 24.23
20-Day Moving Average 25.10
10-Day Moving Average 25.77
Average True Range 0.49
RSI (14) 55.75
ADX 23.43
+DI 55.57
-DI 39.56
Chandelier Exit (Long, 3 ATRs) 25.71
Chandelier Exit (Short, 3 ATRs) 24.46
Upper Bollinger Bands 27.14
Lower Bollinger Band 23.07
Percent B (%b) 0.67
BandWidth 16.25
MACD Line 0.58
MACD Signal Line 0.47
MACD Histogram 0.1111
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.80
Resistance 3 (R3) 25.80 25.80 25.80
Resistance 2 (R2) 25.80 25.80 25.80 25.80
Resistance 1 (R1) 25.80 25.80 25.80 25.80 25.80
Pivot Point 25.80 25.80 25.80 25.80 25.80
Support 1 (S1) 25.80 25.80 25.80 25.80 25.80
Support 2 (S2) 25.80 25.80 25.80 25.80
Support 3 (S3) 25.80 25.80 25.80
Support 4 (S4) 25.80