{ "ticker": { "uuid": "f5f9b16f-8658-426a-9f3b-0a5de9a66975", "symbol": "BKCH", "name": "Global X Blockchain ETF", "exchange": "MEX", "country": "MX", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.52, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -37.463, "architecture_energy": 70.86, "architecture_maturity": 17.597, "architecture_confidence": 78.09, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 30.8, "rotation_up": 14.01, "upward_expansion": 30.6, "deceleration": 49.48, "rotation_down": 74.63, "downward_expansion": 57.93 }, "activity_lines": [ 1150.325326, 1238.927814, 1318.556808, 1295.25916 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 1119.0, "trend_reference": 1271.544332, "distance_from_trend": -0.119968, "trend_direction": "Weakening", "fair_value": 1126.640314, "distance_from_fair_value": -0.006782, "fair_value_direction": "Weakening", "relative_strength": -18.559496, "relative_strength_direction": "Weakening", "price_momentum": 0.086408, "excess_performance": 0.141075, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.119968, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.01157, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.006782, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.376834, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.185595, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.281686, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.086408, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.072961, "read": "Demand-led" } ], "volume": { "latest": 10, "relative_activity": 0.082305, "balance": 5.072961, "dry_up": 1.493827, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.086054, "annualized_volatility": 0.609976, "from_high_reference": -0.488592, "from_low_reference": 0.093414 }, "levels": { "trend_reference": 1271.544332, "fair_value_reference": 1126.640314, "structural_low": 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"regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -9.254915, "energy": 25.083429, "activity_lines": [ 1294.933333, 1370.890911, 1366.41362, 1321.114704 ] }, { "date": "2026-07-24", "close": 1225.0, "volume": 579, "typical_volume": 122.45, "trend": 1283.478666, "fair_value": 1126.91258, "relative_strength": -10.399032, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.474419, "energy": 33.92412, "activity_lines": [ 1253.533333, 1334.018184, 1358.178572, 1317.307742 ] }, { "date": "2026-07-31", "close": 1102.969971, "volume": 32, "typical_volume": 123.6, "trend": 1280.244332, "fair_value": 1126.706178, "relative_strength": -19.835391, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.711681, "energy": 46.393828, "activity_lines": [ 1189.923324, 1280.923633, 1337.611426, 1305.66202 ] }, { "date": "2026-08-07", "close": 1119.0, "volume": 10, "typical_volume": 121.5, "trend": 1271.544332, "fair_value": 1126.640314, "relative_strength": -18.559496, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.462572, "energy": 70.859969, "activity_lines": [ 1150.325326, 1238.927814, 1318.556808, 1295.25916 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }