Technical Analysis for BTCO - Invesco Galaxy Bitcoin ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 67.15 | 2.90% | 1.89 |
BTCO closed up 2.9 percent on Friday, May 17, 2024, on 29 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| MACD Bullish Centerline Cross | Bullish | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Fell Below 50 DMA | Bearish | 2.90% | |
| Stochastic Reached Overbought | Strength | 2.90% | |
| Weak + Overbought | Other | 2.90% | |
| Inside Day | Range Contraction | 2.90% | |
| Overbought Stochastic | Strength | 2.90% | |
| Crossed Above 20 DMA | Bullish | 1.56% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | 2 days ago |
| Rose Above 50 DMA | 2 days ago |
| Up 3% | 2 days ago |
| Up 2% | 2 days ago |
| Up 1% | 2 days ago |
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Basic chart:
The benchmark is designed to provide an estimated fair market value price for bitcoin, based on the execution price of bitcoin on its principal market. The value of bitcoin held by the trust is determined based on the estimated fair market value ("FMV") price for bitcoin, reflecting the execution price of bitcoin on its principal market as determined each day by Lukka Inc., an independent third-party digital asset data company.
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Classification
Keywords: Bitcoin Cryptocurrency Decentralization Economics Of Bitcoin
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 73.61 |
| 52 Week Low | 40.3 |
| Average Volume | 477,441 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 65.88 |
| 20-Day Moving Average | 63.05 |
| 10-Day Moving Average | 63.51 |
| Average True Range | 2.60 |
| RSI (14) | 57.26 |
| ADX | 17.95 |
| +DI | 28.72 |
| -DI | 27.68 |
| Chandelier Exit (Long, 3 ATRs) | 59.80 |
| Chandelier Exit (Short, 3 ATRs) | 64.37 |
| Upper Bollinger Bands | 68.26 |
| Lower Bollinger Band | 57.84 |
| Percent B (%b) | 0.89 |
| BandWidth | 16.53 |
| MACD Line | 0.12 |
| MACD Signal Line | -0.49 |
| MACD Histogram | 0.6065 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 69.63 | ||||
| Resistance 3 (R3) | 69.50 | 68.55 | 69.22 | ||
| Resistance 2 (R2) | 68.55 | 67.91 | 68.61 | 69.08 | |
| Resistance 1 (R1) | 67.85 | 67.52 | 68.20 | 67.98 | 68.94 |
| Pivot Point | 66.89 | 66.89 | 67.07 | 66.96 | 66.89 |
| Support 1 (S1) | 66.19 | 66.26 | 66.54 | 66.32 | 65.36 |
| Support 2 (S2) | 65.24 | 65.87 | 65.30 | 65.22 | |
| Support 3 (S3) | 64.54 | 65.24 | 65.08 | ||
| Support 4 (S4) | 64.67 |
