T-REX 2X LONG BITCOIN DAILY (BTCL) Stock Technical Analysis
NYSEARCA:BTCL - NYSE Arca - US98148L7534 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to BTCL. In the last year, BTCL was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that BTCL is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by BTCL over the past year are nicely spread over this period.
BTCL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BTCL is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month BTCL has a been trading in the 54.10 - 68.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTCL has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
28.33
66.46
When analyzing the support we can see 6 important areas.
- Support @57.64 from a horizontal line in the daily time frame.
- A support zone ranging from 55.44 to 55.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.64 from a horizontal line in the weekly time frame.
- Support @42.82 from a trend line in the weekly time frame.
- Support @29.79 from a trend line in the daily time frame.
- Support @28.62 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 65.35 to 65.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 BTCL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTCL is down. |
| ChartMill Relative Strength | 94.53 | POSITIVE | BTCL has a high relative strength, it outperformed 94.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BTCL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.52 | NEUTRAL | The RSI value for BTCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests BTCL has a negative trend. |
| Stochastics (14,3) | 11.49 | OVERSOLD | The low Stochastics value suggests BTCL may be oversold. |
| Average True Range in percent/ATR (20) | 5.46 | HIGH VOLATILITY | The high ATR as a percentage value for BTCL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.78 | NEGATIVE | The low ADX value for BTCL suggests a weak or negative 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)
NYSEARCA:BTCL (8/6/2025, 12:50:10 PM)
59.5
+1.44 (+2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.48%
1 Week-7.04%
2 Weeks-10.29%
1 Month6.59%
3 Month13.8%
6 Month17.36%
12 Month127.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.78
ATR(20)%5.46%
ATR Inc-20.61%
Range Today1.9
ADR(20)2.45
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.53
Mansfield2.17
10 Day High64.98
10 Day Low57.13
20 Day High68.23
20 Day Low54.1
52 Week High69.81
52 Week Low18.91
CS1 End57.64
CR1 Start65.35
Volume & EV
DER(3)2.11%
DER(5)2.72%
Volume23.63K
Volume Incr-33.13%
Vol(5)64.90K
Vol(50)83.86K