Technical Analysis for GBTC - Bitcoin Investment Trust

Grade Last Price % Change Price Change
B 42.71 -5.90% -2.6800
GBTC closed up 1.16 percent on Thursday, December 2, 2021, on 71 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical GBTC trend table...

Date Alert Name Type % Chg
50 DMA Resistance Bearish -5.90%
Stochastic Reached Oversold Weakness -5.90%
Strong but Oversold Other -5.90%
Oversold Stochastic Weakness -5.90%
Fell Below 50 DMA Bearish -4.81%
Expansion Pivot Sell Setup Bearish Swing Setup -4.81%
Oversold Stochastic Weakness -4.81%
Strong but Oversold Other -7.59%
Outside Day Range Expansion -7.59%
Oversold Stochastic Weakness -7.59%
Older End-of-Day Signals for GBTC ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Fell Below Lower Bollinger Band about 3 hours ago
Down 1 ATR about 3 hours ago
Down 5% about 3 hours ago
Down 3% about 3 hours ago
Lower Bollinger Band Support about 3 hours ago
View Earlier Intraday Alerts

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

Bitcoin Investment Trust is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The BIT's sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group.Each BIT share represented ownership of 0.1 bitcoins initially. The trust will not generate any income and regularly sells/distributes bitcoins to pay for its ongoing expenses. Therefore, the amount of bitcoin represented by each share gradually declines over time.
Classification

Keywords: Cryptocurrencies Bitcoin Digital Currencies Digital Currency Alternative Currencies Financial Cryptography Digital Currency Group

Is GBTC 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 58.22
52 Week Low 19.39
Average Volume 6,652,026
200-Day Moving Average 40.4724
50-Day Moving Average 45.5264
20-Day Moving Average 48.3500
10-Day Moving Average 46.0060
Average True Range 2.4302
ADX 13.77
+DI 23.7673
-DI 25.5245
Chandelier Exit (Long, 3 ATRs) 47.7594
Chandelier Exit (Short, 3 ATRs) 51.0006
Upper Bollinger Bands 54.1154
Lower Bollinger Band 42.5846
Percent B (%b) 0.24
BandWidth 23.8486
MACD Line -0.4402
MACD Signal Line 0.1892
MACD Histogram -0.6293
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.7750
Resistance 3 (R3) 47.6033 46.6367 47.3775
Resistance 2 (R2) 46.6367 46.0293 46.7225 47.2449
Resistance 1 (R1) 46.0133 45.6540 46.3250 46.1850 47.1124
Pivot Point 45.0467 45.0467 45.2025 45.1325 45.0467
Support 1 (S1) 44.4233 44.4393 44.7350 44.5950 43.6676
Support 2 (S2) 43.4567 44.0640 43.5425 43.5351
Support 3 (S3) 42.8333 43.4567 43.4025
Support 4 (S4) 43.0050