Mutual Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
NYDIG BITCOIN STRATEGY FUND (NASDAQ:BTCNX)
Sidelines Mode (-55) - BTCNX 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 BTCNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTCNX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTCNX
The long-term trend has been UP since Jul 27th, 2020 at 13.51
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 50.03
The short-term trend has been UP since Apr 30th, 2021 at 49.11
Smart Scan Analysis for BTCNX
Based on our trend formula, BTCNX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||56.9||52wk High Date||2021-04-15|
|52wk Low||11.77||52wk Low Date||2020-05-26|
|Year End Close||26.89|