25 XP   0   0   10

Grayscale Bitcoin Cash Trust
Buy, Hold or Sell?

Let's analyse Grayscale Bitcoin Cash Trust together

PenkeI guess you are interested in Grayscale Bitcoin Cash Trust. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Grayscale Bitcoin Cash Trust. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Grayscale Bitcoin Cash Trust

I send you an email if I find something interesting about Grayscale Bitcoin Cash Trust.

Quick analysis of Grayscale Bitcoin Cash Trust (30 sec.)










What can you expect buying and holding a share of Grayscale Bitcoin Cash Trust? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$2.89
Expected worth in 1 year
$13.76
How sure are you?
66.7%

+ What do you gain per year?

Total Gains per Share
$10.87
Return On Investment
65.2%

For what price can you sell your share?

Current Price per Share
$16.67
Expected price per share
$5.19 - $
How sure are you?
50%

1. Valuation of Grayscale Bitcoin Cash Trust (5 min.)




Live pricePrice per Share (EOD)

$16.67

2. Growth of Grayscale Bitcoin Cash Trust (5 min.)




Is Grayscale Bitcoin Cash Trust growing?

Current yearPrevious yearGrowGrow %
How rich?$91.8m???

How much money is Grayscale Bitcoin Cash Trust making?

Current yearPrevious yearGrowGrow %
Making money$60.7m???
Net Profit Margin0.0%?--

How much money comes from the company's main activities?

3. Financial Health of Grayscale Bitcoin Cash Trust (5 min.)




What can you expect buying and holding a share of Grayscale Bitcoin Cash Trust? (5 min.)

Welcome investor! Grayscale Bitcoin Cash Trust's management wants to use your money to grow the business. In return you get a share of Grayscale Bitcoin Cash Trust.

What can you expect buying and holding a share of Grayscale Bitcoin Cash Trust?

First you should know what it really means to hold a share of Grayscale Bitcoin Cash Trust. And how you can make/lose money.

Speculation

The Price per Share of Grayscale Bitcoin Cash Trust is $16.67. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Grayscale Bitcoin Cash Trust.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Grayscale Bitcoin Cash Trust, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $2.89. Based on the TTM, the Book Value Change Per Share is $2.72 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Grayscale Bitcoin Cash Trust.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps1.9111.5%1.9111.5%0.553.3%0.553.3%
Usd Book Value Change Per Share2.7216.3%2.7216.3%0.965.8%0.965.8%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share2.7216.3%2.7216.3%0.965.8%0.965.8%
Usd Price Per Share2.43-2.43-0.81-0.81-
Price to Earnings Ratio1.27-1.27-0.42-0.42-
Price-to-Total Gains Ratio0.89-0.89-0.89-0.89-
Price to Book Ratio0.84-0.84-0.28-0.28-
Price-to-Total Gains Ratio0.89-0.89-0.89-0.89-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share16.67
Number of shares59
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share2.720.96
Usd Total Gains Per Share2.720.96
Gains per Quarter (59 shares)160.2956.87
Gains per Year (59 shares)641.16227.50
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
106416310227217
20128212720455444
30192319130682671
40256525540910898
5032063195011371125
6038473836013651352
7044884477015921579
8051295118018201806
9057705759020472033
10064126400022752260

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%1.00.00.0100.0%1.02.00.033.3%1.02.00.033.3%1.02.00.033.3%
Book Value Change Per Share1.00.00.0100.0%1.00.00.0100.0%2.01.00.066.7%2.01.00.066.7%2.01.00.066.7%
Dividend per Share0.00.01.00.0%0.00.01.00.0%0.00.03.00.0%0.00.03.00.0%0.00.03.00.0%
Total Gains per Share1.00.00.0100.0%1.00.00.0100.0%2.01.00.066.7%2.01.00.066.7%2.01.00.066.7%

Fundamentals of Grayscale Bitcoin Cash Trust

About Grayscale Bitcoin Cash Trust

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Grayscale Bitcoin Cash Trust.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Grayscale Bitcoin Cash Trust earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Grayscale Bitcoin Cash Trust to the  industry mean.
  • A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-5Y68.8%-68.8%
5Y68.8%10Y68.8%0.0%
1.1.2. Return on Assets

Shows how efficient Grayscale Bitcoin Cash Trust is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Grayscale Bitcoin Cash Trust to the  industry mean.
  • 66.1% Return on Assets means that Grayscale Bitcoin Cash Trust generated $0.66 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 66.1%. Using its assets, the company is very efficient in making profit. +2
  • The TTM is 66.1%. Using its assets, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ66.1%TTM66.1%0.0%
TTM66.1%5Y-24.2%+90.3%
5Y-24.2%10Y-24.2%0.0%
1.1.3. Return on Equity

Shows how efficient Grayscale Bitcoin Cash Trust is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Grayscale Bitcoin Cash Trust to the  industry mean.
  • 49.7% Return on Equity means Grayscale Bitcoin Cash Trust generated $0.50 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 49.7%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 49.7%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ49.7%TTM49.7%0.0%
TTM49.7%5Y-30.1%+79.8%
5Y-30.1%10Y-30.1%0.0%

1.2. Operating Efficiency of Grayscale Bitcoin Cash Trust.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Grayscale Bitcoin Cash Trust is operating .

  • Measures how much profit Grayscale Bitcoin Cash Trust makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Grayscale Bitcoin Cash Trust to the  industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-5Y68.7%-68.7%
5Y68.7%10Y68.7%0.0%
1.2.2. Operating Ratio

Measures how efficient Grayscale Bitcoin Cash Trust is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-5Y-0.042+0.042
5Y-0.04210Y-0.0420.000

1.3. Liquidity of Grayscale Bitcoin Cash Trust.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Grayscale Bitcoin Cash Trust is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-5Y18.392-18.392
5Y18.39210Y18.3920.000
1.3.2. Quick Ratio

Measures if Grayscale Bitcoin Cash Trust is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Grayscale Bitcoin Cash Trust to the  industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-5Y-0.000
5Y-10Y-0.000

1.4. Solvency of Grayscale Bitcoin Cash Trust.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Grayscale Bitcoin Cash Trust assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Grayscale Bitcoin Cash Trust to industry mean.
  • A Debt to Asset Ratio of 0.00 means that Grayscale Bitcoin Cash Trust assets are financed with 0.1% credit (debt) and the remaining percentage (100% - 0.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 0.001. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.001. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.001TTM0.0010.000
TTM0.0015Y0.013-0.012
5Y0.01310Y0.0130.000
1.4.2. Debt to Equity Ratio

Measures if Grayscale Bitcoin Cash Trust is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Grayscale Bitcoin Cash Trust to the  industry mean.
  • A Debt to Equity ratio of 0.1% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Grayscale Bitcoin Cash Trust:

  • The MRQ is 0.001. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.001. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.001TTM0.0010.000
TTM0.0015Y0.013-0.012
5Y0.01310Y0.0130.000

2. Market Valuation of Grayscale Bitcoin Cash Trust

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Grayscale Bitcoin Cash Trust generates.

  • Above 15 is considered overpriced but always compare Grayscale Bitcoin Cash Trust to the  industry mean.
  • A PE ratio of 1.27 means the investor is paying $1.27 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Grayscale Bitcoin Cash Trust:

  • The EOD is 8.712. Based on the earnings, the company is underpriced. +1
  • The MRQ is 1.270. Based on the earnings, the company is cheap. +2
  • The TTM is 1.270. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.712MRQ1.270+7.442
MRQ1.270TTM1.2700.000
TTM1.2705Y0.423+0.847
5Y0.42310Y0.4230.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Grayscale Bitcoin Cash Trust:

  • The EOD is 8.712. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 1.270. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 1.270. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.712MRQ1.270+7.442
MRQ1.270TTM1.2700.000
TTM1.2705Y0.423+0.847
5Y0.42310Y0.4230.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Grayscale Bitcoin Cash Trust is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 0.84 means the investor is paying $0.84 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Grayscale Bitcoin Cash Trust:

  • The EOD is 5.764. Based on the equity, the company is overpriced. -1
  • The MRQ is 0.840. Based on the equity, the company is cheap. +2
  • The TTM is 0.840. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD5.764MRQ0.840+4.924
MRQ0.840TTM0.8400.000
TTM0.8405Y0.280+0.560
5Y0.28010Y0.2800.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Grayscale Bitcoin Cash Trust compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2.7172.7170%--0.964+182%0.964+182%
Book Value Per Share--2.8922.8920%--1.090+165%1.090+165%
Current Ratio----0%--18.392-100%18.392-100%
Debt To Asset Ratio--0.0010.0010%--0.013-90%0.013-90%
Debt To Equity Ratio--0.0010.0010%--0.013-93%0.013-93%
Dividend Per Share----0%---0%-0%
Eps--1.9131.9130%--0.548+249%0.548+249%
Free Cash Flow Per Share--1.9131.9130%--1.9130%1.9130%
Free Cash Flow To Equity Per Share--1.9131.9130%--1.9130%1.9130%
Gross Profit Margin--1.0001.0000%--1.0000%1.0000%
Market Cap529699252.000+85%77214708.00077214708.0000%--25738236.000+200%25738236.000+200%
Net Profit Margin----0%--0.688-100%0.688-100%
Operating Margin----0%--0.687-100%0.687-100%
Operating Ratio----0%---0.0420%-0.0420%
Pb Ratio5.764+85%0.8400.8400%--0.280+200%0.280+200%
Pe Ratio8.712+85%1.2701.2700%--0.423+200%0.423+200%
Price Per Share16.670+85%2.4302.4300%--0.810+200%0.810+200%
Price To Free Cash Flow Ratio8.712+85%1.2701.2700%--0.423+200%0.423+200%
Price To Total Gains Ratio6.136+85%0.8940.8940%--0.8940%0.8940%
Quick Ratio----0%---0%-0%
Return On Assets--0.6610.6610%---0.242+137%-0.242+137%
Return On Equity--0.4970.4970%---0.301+161%-0.301+161%
Total Gains Per Share--2.7172.7170%--0.964+182%0.964+182%
Usd Book Value--91893131.00091893131.0000%--34633102.667+165%34633102.667+165%
Usd Book Value Change Per Share--2.7172.7170%--0.964+182%0.964+182%
Usd Book Value Per Share--2.8922.8920%--1.090+165%1.090+165%
Usd Dividend Per Share----0%---0%-0%
Usd Eps--1.9131.9130%--0.548+249%0.548+249%
Usd Free Cash Flow--60799000.00060799000.0000%--20266333.333+200%20266333.333+200%
Usd Free Cash Flow Per Share--1.9131.9130%--1.9130%1.9130%
Usd Free Cash Flow To Equity Per Share--1.9131.9130%--1.9130%1.9130%
Usd Market Cap529699252.000+85%77214708.00077214708.0000%--25738236.000+200%25738236.000+200%
Usd Price Per Share16.670+85%2.4302.4300%--0.810+200%0.810+200%
Usd Profit--60799000.00060799000.0000%--17416077.667+249%17416077.667+249%
Usd Revenue----0%---2756863.6670%-2756863.6670%
Usd Total Gains Per Share--2.7172.7170%--0.964+182%0.964+182%
 EOD+4 -4MRQTTM+0 -0YOY+0 -05Y+18 -710Y+18 -7

3.2. Fundamental Score

Let's check the fundamental score of Grayscale Bitcoin Cash Trust based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.712
Price to Book Ratio (EOD)Between0-15.764
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.001
Debt to Equity Ratio (MRQ)Less than10.001
Return on Equity (MRQ)Greater than0.150.497
Return on Assets (MRQ)Greater than0.050.661
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Grayscale Bitcoin Cash Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5084.188
Ma 20Greater thanMa 5010.015
Ma 50Greater thanMa 1006.173
Ma 100Greater thanMa 2004.673
OpenGreater thanClose16.090
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets92,012
Total Liabilities0
Total Stockholder Equity122,301
 As reported
Total Liabilities 0
Total Stockholder Equity+ 122,301
Total Assets = 92,012

Assets

Total Assets92,012
Total Current Assets92,012
Long-term Assets0
Total Current Assets
Short-term Investments 92,012
Total Current Assets  (as reported)92,012
Total Current Assets  (calculated)92,012
+/-0
Long-term Assets
Long-term Assets  (as reported)0
Long-term Assets  (calculated)0
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity122,301
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Capital Surplus 122,301
Total Stockholder Equity (as reported)122,301
Total Stockholder Equity (calculated)122,301
+/-0
Other
Cash and Short Term Investments 92,012
Liabilities and Stockholders Equity 122,301
Net Tangible Assets 92,012



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-06-302020-06-302019-06-302018-06-30
> Total Assets 
9,841
6,559
5,685
92,012
92,0125,6856,5599,841
   > Total Current Assets 
9,841
6,559
5,685
92,012
92,0125,6856,5599,841
       Cash And Cash Equivalents 
9,841
6,559
5,685
0
05,6856,5599,841
       Short-term Investments 
0
0
0
92,012
92,012000
   > Long-term Assets 
9,841
6,559
5,685
0
05,6856,5599,841
       Long Term Investments 
9,841
6,559
5,685
0
05,6856,5599,841
> Total Liabilities 
60
119
0
0
0011960
   > Total Current Liabilities 
60
119
0
0
0011960
   > Long-term Liabilities 0000
> Total Stockholder Equity
9,782
6,440
5,685
122,301
122,3015,6856,4409,782
   Common Stock0000
   Retained Earnings Total Equity0000
   Accumulated Other Comprehensive Income 0000
   Capital Surplus 
0
0
0
122,301
122,301000
   Treasury Stock0000
   Other Stockholders Equity 0000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue0
Cost of Revenue-0
Gross Profit00
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense00
 
Net Interest Income (+$)
Interest Income0
Interest Expense-0
Other Finance Cost-0
Net Interest Income0
 
Pretax Income (+$)
Operating Income0
Net Interest Income0
Other Non-Operating Income Expenses60,799
Income Before Tax (EBT)60,7990
EBIT - interestExpense = 60,799
60,799
60,799
Interest Expense0
Earnings Before Interest and Taxes (EBIT)60,79960,799
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax60,799
Tax Provision-0
Net Income From Continuing Ops60,79960,799
Net Income60,799
Net Income Applicable To Common Shares60,799
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-60,799
 

Technical Analysis of Grayscale Bitcoin Cash Trust
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Grayscale Bitcoin Cash Trust. The general trend of Grayscale Bitcoin Cash Trust is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Grayscale Bitcoin Cash Trust's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Grayscale Bitcoin Cash Trust.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 11.85 > 8.16 > 5.19.

Tweet this
Grayscale Bitcoin Cash Trust Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Grayscale Bitcoin Cash Trust. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Grayscale Bitcoin Cash Trust Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Grayscale Bitcoin Cash Trust. The current macd is 2.48432043.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Grayscale Bitcoin Cash Trust price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Grayscale Bitcoin Cash Trust. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Grayscale Bitcoin Cash Trust price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Grayscale Bitcoin Cash Trust Daily Moving Average Convergence/Divergence (MACD) ChartGrayscale Bitcoin Cash Trust Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Grayscale Bitcoin Cash Trust. The current adx is 46.30.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Grayscale Bitcoin Cash Trust shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Grayscale Bitcoin Cash Trust Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Grayscale Bitcoin Cash Trust. The current sar is 8.94928512.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Grayscale Bitcoin Cash Trust Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Grayscale Bitcoin Cash Trust. The current rsi is 84.19. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Grayscale Bitcoin Cash Trust Daily Relative Strength Index (RSI) ChartGrayscale Bitcoin Cash Trust Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Grayscale Bitcoin Cash Trust. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Grayscale Bitcoin Cash Trust price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Grayscale Bitcoin Cash Trust Daily Stochastic Oscillator ChartGrayscale Bitcoin Cash Trust Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Grayscale Bitcoin Cash Trust. The current cci is 209.71.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Grayscale Bitcoin Cash Trust Daily Commodity Channel Index (CCI) ChartGrayscale Bitcoin Cash Trust Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Grayscale Bitcoin Cash Trust. The current cmo is 74.83.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Grayscale Bitcoin Cash Trust Daily Chande Momentum Oscillator (CMO) ChartGrayscale Bitcoin Cash Trust Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Grayscale Bitcoin Cash Trust. The current willr is -7.29847495.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Grayscale Bitcoin Cash Trust Daily Williams %R ChartGrayscale Bitcoin Cash Trust Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Grayscale Bitcoin Cash Trust.

Grayscale Bitcoin Cash Trust Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Grayscale Bitcoin Cash Trust. The current atr is 1.30728157.

Grayscale Bitcoin Cash Trust Daily Average True Range (ATR) ChartGrayscale Bitcoin Cash Trust Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Grayscale Bitcoin Cash Trust. The current obv is 8,501,618.

Grayscale Bitcoin Cash Trust Daily On-Balance Volume (OBV) ChartGrayscale Bitcoin Cash Trust Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Grayscale Bitcoin Cash Trust. The current mfi is 74.61.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Grayscale Bitcoin Cash Trust Daily Money Flow Index (MFI) ChartGrayscale Bitcoin Cash Trust Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Grayscale Bitcoin Cash Trust.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-09SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-06MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-12BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Grayscale Bitcoin Cash Trust Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Grayscale Bitcoin Cash Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5084.188
Ma 20Greater thanMa 5010.015
Ma 50Greater thanMa 1006.173
Ma 100Greater thanMa 2004.673
OpenGreater thanClose16.090
Total4/5 (80.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Grayscale Bitcoin Cash Trust with someone you think should read this too:
  • Are you bullish or bearish on Grayscale Bitcoin Cash Trust? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Grayscale Bitcoin Cash Trust? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Grayscale Bitcoin Cash Trust

I send you an email if I find something interesting about Grayscale Bitcoin Cash Trust.


Comments

How you think about this?

Leave a comment

Stay informed about Grayscale Bitcoin Cash Trust.

Receive notifications about Grayscale Bitcoin Cash Trust in your mailbox!