Taking everything into account, BITB scores 0 out of 10 in our technical rating. BITB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of BITB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
45.48
We found 1 important support area.
- A support zone ranging from 45.94 to 46.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 48.87 to 49.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.09 from a trend line in the daily time frame.
- Resistance @66.87 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BITB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITB is down. |
| ChartMill Relative Strength | 22.17 | NEGATIVE | BITB has a low relative strength, it was outperformed by 77.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.75 | NEUTRAL | The RSI value for BITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests BITB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.17 | NEUTRAL | The Stochastics value for BITB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for BITB suggests some volalility. |
| Average Directional Index/ADX (14) | 35.33 | POSITIVE | The high ADX value value for BITB suggests a strong trend. |
48.86
+1.38 (+2.91%)
BITWISE BITCOIN ETF / BITB FAQ
What is the technical rating for BITB stock?
ChartMill assigns a technical rating of 0 / 10 to BITB.
Can you provide the trend direction for BITWISE BITCOIN ETF?
The current trend direction for BITWISE BITCOIN ETF (BITB) is Bearish.
What is the RSI signal for BITB stock?
BITWISE BITCOIN ETF (BITB) has an RSI value of 37.7497. This indicates that the stock is currently neutral.
What is the MACD signal for BITB stock?
The MACD indicator for BITWISE BITCOIN ETF (BITB) has a value of -0.344833, indicating a bearish trend.
What is the buy/sell signal for BITWISE BITCOIN ETF (BITB) stock?
The buy/sell signal for BITWISE BITCOIN ETF (BITB) is sell as both the short term and long term trends are negative.