Technical Analysis for GBTC - Bitcoin Invt TR

Grade Last Price % Change Price Change
grade C 7.85 2.48% 0.1900
GBTC closed up 2.48 percent on Wednesday, April 8, 2020, on 44 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Bearish Engulfing Bearish 2.48%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 2.48%
Outside Day Range Expansion 2.48%
Wide Bands Range Expansion 2.48%
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 5.01
Average Volume 5,399,889
200-Day Moving Average 10.8618
50-Day Moving Average 9.5490
20-Day Moving Average 7.0332
10-Day Moving Average 7.3975
Average True Range 0.8069
ADX 13.61
+DI 24.5569
-DI 23.0650
Chandelier Exit (Long, 3 ATRs ) 7.0693
Chandelier Exit (Short, 3 ATRs ) 7.4307
Upper Bollinger Band 8.3361
Lower Bollinger Band 5.7303
Percent B (%b) 0.81
BandWidth 37.0500
MACD Line -0.4397
MACD Signal Line -0.6765
MACD Histogram 0.2368
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.3600
Resistance 3 (R3) 8.3667 8.2033 8.2750
Resistance 2 (R2) 8.2033 8.0735 8.2000 8.2466
Resistance 1 (R1) 8.0267 7.9932 8.1150 8.0200 8.2183
Pivot Point 7.8633 7.8633 7.9075 7.8600 7.8633
Support 1 (S1) 7.6867 7.7335 7.7750 7.6800 7.4817
Support 2 (S2) 7.5233 7.6532 7.5200 7.4534
Support 3 (S3) 7.3467 7.5233 7.4250
Support 4 (S4) 7.3400