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Stock Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX)

Sidelines Mode (-55) - BTFX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BTFX?

MarketClub looks at technical strength and momentum to determine if the timing is right for BTFX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_BTFX
Open High Low BTFX Price Change
35.3600 35.6900 34.1300 34.8077 +0.7377
Entry Signal

MarketClub’s Trade Triangles for BTFX

long term up The long-term trend has been UP since Feb 26th, 2024 at 25.27

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 36.12

short term up The short-term trend has been UP since Apr 19th, 2024 at 34.50

Smart Scan Analysis for BTFX

Based on our trend formula, BTFX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BTFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.3600 35.6900 34.1300 34.8077 +0.7377
Prev. Close Volume Bid Ask Time
34.8700 48262 2024-04-19 15:52:23
52wk High49.7952wk High Date2024-03-13
52wk Low24.6652wk Low Date2024-02-23
Average Volume108,052
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