Overall BTCT gets a technical rating of 0 out of 10. BTCT'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.
Although the technical rating is bad, BTCT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BTCT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.71 to 1.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.68 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.62 to 1.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.75 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.82 to 1.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.99 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for BTCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTCT is down. |
| ChartMill Relative Strength | 5.48 | NEGATIVE | BTCT has a low relative strength, it was outperformed by 94.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.72 | NEUTRAL | The RSI value for BTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BTCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.17 | NEUTRAL | The Stochastics value for BTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for BTCT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for BTCT suggests a weak or negative trend. |
1.72
-0.04 (-2.27%)
BTC DIGITAL LTD / BTCT FAQ
What is the technical rating for BTCT stock?
ChartMill assigns a technical rating of 0 / 10 to BTCT.
Can you provide the trend direction for BTC DIGITAL LTD?
The current trend direction for BTC DIGITAL LTD (BTCT) is Bearish.
Can you provide the RSI signal for BTC DIGITAL LTD?
BTC DIGITAL LTD (BTCT) has an RSI value of 41.7217. This indicates that the stock is currently neutral.
What is the short term momentum for BTCT stock?
The short term momentum for BTC DIGITAL LTD (BTCT) is negative.
Can you provide the support and resistance levels for BTC DIGITAL LTD?
BTC DIGITAL LTD (BTCT) has a support level at 1.71 and a resistance level at 1.75. Check the full technical report for our detailed analysis of BTCT support and resistance levels.