Technical Analysis for GBTC - Bitcoin Invt TR

Grade Last Price % Change Price Change
grade D 9.02 -0.55% -0.0500
GBTC closed down 0.55 percent on Tuesday, October 22, 2019, on 34 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical GBTC trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
BB Squeeze Started Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Resistance Bearish -0.55%
Gapped Up Strength -0.55%
Oversold Stochastic Weakness -0.55%
Narrow Range Bar Range Contraction 3.38%
NR7 Range Contraction 3.38%

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
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 17.4
52 Week Low 3.66
Average Volume 2,863,570
200-Day Moving Average 9.0958
50-Day Moving Average 11.5089
20-Day Moving Average 9.6708
10-Day Moving Average 9.4065
Average True Range 0.5509
ADX 26.61
+DI 20.5711
-DI 36.0201
Chandelier Exit (Long, 3 ATRs ) 10.9023
Chandelier Exit (Short, 3 ATRs ) 10.282700000000001
Upper Bollinger Band 10.7254
Lower Bollinger Band 8.6162
Percent B (%b) 0.19
BandWidth 21.809985
MACD Line -0.7537
MACD Signal Line -0.7528
MACD Histogram -0.0008
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.3650
Resistance 3 (R3) 9.3867 9.2933 9.3075
Resistance 2 (R2) 9.2933 9.2055 9.2825 9.2883
Resistance 1 (R1) 9.1567 9.1512 9.1100 9.1350 9.2692
Pivot Point 9.0633 9.0633 9.0400 9.0525 9.0633
Support 1 (S1) 8.9267 8.9755 8.8800 8.9050 8.7708
Support 2 (S2) 8.8333 8.9212 8.8225 8.7517
Support 3 (S3) 8.6967 8.8333 8.7325
Support 4 (S4) 8.6750