Taking everything into account, BTCZ scores 7 out of 10 in our technical rating. BTCZ has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
BTCZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.55. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
3.72
2 important support areas can be observed.
- Support @3.88 from a trend line in the daily time frame.
- Support @3.76 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.55 to 4.62. 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 | NEUTRAL | NEUTRAL | The long term trend for BTCZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCZ is up. |
| ChartMill Relative Strength | 76.4 | POSITIVE | BTCZ has a high relative strength, it outperformed 76.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BTCZ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.4 | NEUTRAL | The RSI value for BTCZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BTCZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.68 | NEUTRAL | The Stochastics value for BTCZ is a neutral value. |
| Average True Range in percent/ATR (20) | 9.17 | HIGH VOLATILITY | The high ATR as a percentage value for BTCZ suggests high volalility. |
| Average Directional Index/ADX (14) | 18.65 | NEGATIVE | The low ADX value for BTCZ 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 |
|---|---|---|---|
| 4.63 | 3.87 | 0.76 (16.41%) | 6.09% |
| An entry @4.63. This is a Buy Stop order right above the resistance zone. | An exit @3.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 16.41%. | When investing 6.09% 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.
4.01
+0.13 (+3.48%)
T-REX 2X INVERSE BITCOIN DLY / BTCZ FAQ
What is the ChartMill technical rating of T-REX 2X INVERSE BITCOIN DLY (BTCZ) stock?
ChartMill assigns a technical rating of 7 / 10 to BTCZ.
Can you provide the trend direction for T-REX 2X INVERSE BITCOIN DLY?
The current trend direction for T-REX 2X INVERSE BITCOIN DLY (BTCZ) is Bearish.
What is the RSI signal for BTCZ stock?
T-REX 2X INVERSE BITCOIN DLY (BTCZ) has an RSI value of 53.401. This indicates that the stock is currently neutral.
What is the MACD signal for T-REX 2X INVERSE BITCOIN DLY (BTCZ) stock?
The MACD indicator for T-REX 2X INVERSE BITCOIN DLY (BTCZ) has a value of -0.0725296, indicating a bearish trend.