ISHARES BITCOIN ETP (BTCN.AS) Stock Technical Analysis
AMS:BTCN - Euronext Amsterdam - XS2940466316 - ETF - Currency: USD
Overall BTCN gets a technical rating of 4 out of 10. BTCN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, BTCN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.32
We found 1 important support area.
- A support zone ranging from 10.42 to 10.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.95 to 11.12. 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 BTCN.AS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCN.AS is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BTCN.AS has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCN.AS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCN.AS is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 49.04 | NEUTRAL | The RSI value for BTCN.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests BTCN.AS has a negative trend. |
| Stochastics (14,3) | 16.64 | OVERSOLD | The low Stochastics value suggests BTCN.AS may be oversold. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCN.AS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.6 | NEGATIVE | The low ADX value for BTCN.AS suggests a weak or negative trend. |
AMS:BTCN (6/19/2025, 7:00:00 PM)
10.427
-0.05 (-0.48%)