Taking everything into account, BTCS scores 2 out of 10 in our technical rating. BTCS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of BTCS is bad and it also does not present a quality setup 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.
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1.85
We found 4 important support areas.
- Support @2.91 from a trend line in the weekly time frame.
- Support @2.77 from a horizontal line in the weekly time frame.
- Support @2.69 from a trend line in the daily time frame.
- Support @1.87 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.31 to 3.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.56 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.78 from a trend line in the weekly time frame.
- Resistance @5.47 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for BTCS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTCS is neutral. |
| ChartMill Relative Strength | 16.69 | NEGATIVE | BTCS has a low relative strength, it was outperformed by 83.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTCS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BTCS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.71 | NEUTRAL | The RSI value for BTCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BTCS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.45 | NEUTRAL | The Stochastics value for BTCS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.59 | HIGH VOLATILITY | The high ATR as a percentage value for BTCS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.4 | NEGATIVE | The low ADX value for BTCS suggests a weak or negative trend. |
3.23
-0.32 (-9.01%)
BTCS INC / BTCS FAQ
Can you provide the ChartMill technical rating for BTCS INC?
ChartMill assigns a technical rating of 2 / 10 to BTCS.
What is the trend direction for BTCS stock?
The current trend direction for BTCS INC (BTCS) is Bearish.
What is the RSI signal for BTCS INC (BTCS) stock?
BTCS INC (BTCS) has an RSI value of 47.7146. This indicates that the stock is currently neutral.
What is the MACD signal for BTCS INC (BTCS) stock?
The MACD indicator for BTCS INC (BTCS) has a value of 0.0796317, indicating a bearish trend.
What are the support and resistance levels for BTCS INC (BTCS) stock?
BTCS INC (BTCS) has a support level at 2.91 and a resistance level at 3.31. Check the full technical report for our detailed analysis of BTCS support and resistance levels.