21SHARES BITCOIN SINGLE (2BTC.DE) Stock Technical Analysis
FRA:2BTC - Deutsche Boerse Ag - CH0454664001 - ETF - Currency: EUR
Overall 2BTC gets a technical rating of 8 out of 10. 2BTC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
2BTC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so 2BTC is performing more or less in line with the market.
2BTC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that 2BTC is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although 2BTC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.28
34.71
5 important support areas can be observed.
- A support zone ranging from 31.05 to 31.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.16 from a trend line in the weekly time frame.
- Support @25.05 from a trend line in the daily time frame.
- Support @24.28 from a trend line in the daily time frame.
- Support @22.51 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.34 to 34.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 2BTC.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 2BTC.DE is up. |
| ChartMill Relative Strength | 95.12 | POSITIVE | 2BTC.DE has a high relative strength, it outperformed 95.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 2BTC.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 2BTC.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 2BTC.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.47 | NEUTRAL | The RSI value for 2BTC.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests 2BTC.DE has a negative trend. |
| Stochastics (14,3) | 43.3 | NEUTRAL | The Stochastics value for 2BTC.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for 2BTC.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 26.11 | POSITIVE | The high ADX value value for 2BTC.DE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.04 | 31.04 | 1.00 (3.13%) | 25.00% |
| An entry @32.04. This is a Buy Stop order right above the 10 day moving average. | An exit @31.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.00 points, which is 3.13%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of 2BTC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:2BTC (5/30/2025, 7:00:00 PM)
31.264
-0.48 (-1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.5%
1 Week-3.79%
2 Weeks-0.32%
1 Month8.27%
3 Month15.2%
6 Month-0.75%
12 Month47.9%
2 Year257.73%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.5%
ATR Inc12.34%
Range Today0.41
ADR(20)0.57
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.12
Mansfield1.94
10 Day High33.21
10 Day Low30.49
20 Day High33.21
20 Day Low27.65
52 Week High35.72
52 Week Low16.5
CS1 End31.25
CR1 Start34.34
Volume & EV
DER(3)0%
DER(5)0%
Volume57.26K
Volume Incr19.62%
Vol(5)110.36K
Vol(50)100.95K