Stock Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
3IQ COINSHARES BITCOIN ETF (TSE:BTCQ)
Long-Term Downtrend (-90) - BTCQ is in a strong downtrend that is likely to continue. While BTCQ is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BTCQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTCQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTCQ
The long-term trend has been DOWN since Jan 5th, 2022 at 9.67
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 8.58
The short-term trend has been DOWN since May 5th, 2022 at 8.04
Smart Scan Analysis for BTCQ
Based on our trend formula, BTCQ is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).