CI GALAXY BITCOIN ETF (BTCX-B.CA) Stock Technical Analysis
TSX:BTCX-B - Toronto Stock Exchange - CA12563N2023 - ETF - Currency: CAD
Overall BTCX-B gets a technical rating of 8 out of 10. BTCX-B 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.
Besides having an excellent technical rating, BTCX-B also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.30, a Stop Loss order could be placed below this zone.
More info and screens
14.70
5 important support areas can be observed.
- A support zone ranging from 20.98 to 21.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.22 to 20.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.98 from a trend line in the weekly time frame.
- Support @17.71 from a trend line in the daily time frame.
- Support @14.85 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.30 to 22.64. 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 BTCX-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCX-B.CA is up. |
| ChartMill Relative Strength | 87.45 | POSITIVE | BTCX-B.CA has a high relative strength, it outperformed 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCX-B.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCX-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCX-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.06 | NEUTRAL | The RSI value for BTCX-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BTCX-B.CA has a negative trend. |
| Stochastics (14,3) | 61.48 | NEUTRAL | The Stochastics value for BTCX-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCX-B.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.8 | NEGATIVE | The low ADX value for BTCX-B.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 22.19 | 20.97 | 1.22 (5.50%) | 18.19% |
| An entry @22.19. This is a Buy Stop order right above the 10 day high. | An exit @20.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.22 points, which is 5.50%. | When investing 18.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:BTCX-B (6/12/2025, 7:00:00 PM)
21.34
-0.48 (-2.2%)