Technical Analysis for GBTC - Bitcoin Invt TR

Grade Last Price % Change Price Change
grade D 8.82 -2.00% -0.1800
GBTC closed down 2.0 percent on Monday, December 9, 2019, on 64 percent of normal volume. 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 Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
See historical GBTC trend table...

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish -2.00%
Oversold Stochastic Weakness -2.00%
Wide Bands Range Expansion 0.11%
Oversold Stochastic Weakness 0.11%
Death Cross Bearish 1.03%
Stochastic Reached Oversold Weakness 1.03%
Outside Day Range Expansion 1.03%
Wide Bands Range Expansion 1.03%
Older signals for GBTC ...

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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.
Cryptocurrencies Bitcoin Alternative Currencies Digital Currencies Legality Of Bitcoin By Country Or Territory Economics Of Bitcoin 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 17.4
52 Week Low 3.66
Average Volume 2,475,168
200-Day Moving Average 10.0391
50-Day Moving Average 9.8764
20-Day Moving Average 9.5648
10-Day Moving Average 9.0495
Average True Range 0.4924
ADX 19.81
+DI 21.0579
-DI 30.5517
Chandelier Exit (Long, 3 ATRs ) 9.6378
Chandelier Exit (Short, 3 ATRs ) 10.0072
Upper Bollinger Band 10.9071
Lower Bollinger Band 8.2225
Percent B (%b) 0.22
BandWidth 28.0675
MACD Line -0.4189
MACD Signal Line -0.3605
MACD Histogram -0.0584
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.5250
Resistance 3 (R3) 9.5700 9.3800 9.4075
Resistance 2 (R2) 9.3800 9.2005 9.3575 9.3683
Resistance 1 (R1) 9.1000 9.0895 9.0050 9.0550 9.3292
Pivot Point 8.9100 8.9100 8.8625 8.8875 8.9100
Support 1 (S1) 8.6300 8.7305 8.5350 8.5850 8.3108
Support 2 (S2) 8.4400 8.6195 8.4175 8.2717
Support 3 (S3) 8.1600 8.4400 8.2325
Support 4 (S4) 8.1150