BTCT Stock Tickeron detected bullish Stock Pattern: Three Rising Valleys BTCT on November 11, 2024, netting in a 51.81% gain over 6 days

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BTCT - BTC Digital Ltd

Ticker: BTCT

Company: BTC Digital

Gain: +51.81%

Confirmed: 11/11/24

Succeeded: 11/11/24

Total length: 6 days

BTCT's RSI Indicator sits in overbought zone for 4 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTCT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BTCT broke above its upper Bollinger Band on November 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where BTCT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on October 14, 2024. You may want to consider a long position or call options on BTCT as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BTCT just turned positive on November 06, 2024. Looking at past instances where BTCT's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

BTCT moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for BTCT moved above the 200-day moving average on November 15, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +8 3-day Advance, the price is estimated to grow further. Considering data from situations where BTCT advanced for three days, in of 192 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 69 cases where BTCT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .