• With the rising Bitcoin price movement, the downtrend of Invesco CoinShares Global Blockchain ETF has been fading and has moved to the consolidation phase.
• If the good news comes from trade deal talks between the USA and China, the uptrend is coming sooner than thought.

Source code:

#https://x.com/data_geeek/status/1915042993725128710
library(tidyverse)
library(tidyquant)

#Invesco CoinShares Global Blockchain UCITS ETF (BCHN.MI)
df_bchn <- 
  tq_get("BCHN.MI")


#Bollinger Bands
df_bchn %>%
  filter(date >= last(date) - months(36)) %>% 
  arrange(date) %>% 
  ggplot(aes(x = date, 
             y = close, 
             open = close,
             high = close, 
             low = close, 
             close = close)) +
  geom_bbands(ma_fun = SMA, 
              fill = "purple",
              sd = 2, 
              n = 20) +
  geom_candlestick(aes(open = open, 
                       high = high, 
                       low = low, 
                       close = close,
                       colour_up = "limegreen",
                       colour_down = "black",
                       fill_up = "limegreen",
                       fill_down = "black")) +
  
  scale_y_continuous(labels = scales::label_currency(prefix = "€"),
                     limits = c(65,125)) +
  coord_x_date(xlim = c("2025-01-01","2025-04-17")) +
  scale_x_date(breaks = seq(make_date(2025,1,1), 
                            make_date(2025,4,22), 
                            by = "month"),
               labels = scales::label_date("%b"),
               expand = expansion(mult = c(0, .05)))  +
  labs(title = "Invesco CoinShares Global Blockchain ETF",
       x = "",
       y = "",
       subtitle = "<span style = 'color:red;'>Bollinger Bands</span> applied with <span style = 'color:blue;'>SMA-20</span>") +
  theme_minimal(base_family = "Roboto Slab") +
  theme(panel.grid = element_blank(),
        panel.grid.minor.y = element_line(linetype = "dashed", color = "gray"),
        panel.grid.minor.x = element_line(linetype = "dashed", color = "gray"),
        panel.grid.major.x = element_line(linetype = "dashed", color = "gray"),
        panel.grid.major.y = element_line(linetype = "dashed", color = "gray"),
        axis.text = element_text(face = "bold", size = 18),
        #axis.text.x = element_text(angle = 60, hjust = 1, vjust = 1),
        plot.title = ggtext::element_markdown(face = "bold",size = 20),
        plot.subtitle = ggtext::element_markdown(face = "bold", size = 18),
        plot.background = element_rect(fill = "azure", color = "azure"),
        legend.position = "none")