BTOP Stock Tickeron detected bearish ETF Pattern: Broadening Top BTOP on December 26, 2024, netting in a 19.63% gain over 1 month

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BTOP - Bitwise Trendwise BTC/ETH and Treasuries

Ticker: BTOP

Company: Bitwise Trendwise BTC/ETH and Treasuries

Gain from shortening: +19.63%

Confirmed: 12/26/24

Succeeded: 12/26/24

Total length: 50 days

BTOP in -9.75% downward trend, declining for three consecutive days on January 08, 2025

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BTOP declined for three days, in of 58 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BTOP as a result. In of 19 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

BTOP moved below its 50-day moving average on January 07, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BTOP crossed bearishly below the 50-day moving average on January 08, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTOP advanced for three days, in of 75 cases, the price rose further within the following month. The odds of a continued upward trend are .

BTOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 78 cases where BTOP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .