Technical Analysis for BITI - ProShares Short Bitcoin Strategy ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Down | Up | Up |
Date | Alert Name | Type | % Chg |
---|---|---|---|
NR7 | Range Contraction | 0.00% | |
Narrow Range Bar | Range Contraction | 0.00% | |
Gapped Up | Strength | 0.00% | |
Stochastic Sell Signal | Bearish | 4.51% | |
Doji - Bullish? | Reversal | 4.51% | |
Gapped Down | Weakness | 4.51% | |
Stochastic Reached Overbought | Strength | -1.30% | |
Overbought Stochastic | Strength | -1.30% | |
Overbought Stochastic | Strength | 1.33% | |
Gapped Down | Weakness | 1.33% |
Alert | Time |
---|---|
Possible NR7 | about 7 hours ago |
60 Minute Opening Range Breakout | about 10 hours ago |
Gapped Up (Full) | about 12 hours ago |
Rose Above Previous Day's High | about 12 hours ago |
Rose Above 10 DMA | about 12 hours ago |
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Basic chart:
BITI is designed to deliver the inverse (opposite) of the performance of the S&P CME Bitcoin Futures Index. It seeks to achieve its objective on each investment day and for no other period. BITI seeks to obtain exposure through bitcoin futures contracts.
Keywords: Inverse ETF Bitcoin Cryptocurrency Futures Markets Digital Currencies Economics Of Bitcoin
Classification
Keywords: Inverse ETF Bitcoin Cryptocurrency Futures Markets Digital Currencies Economics Of Bitcoin
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
S
SwingScalp about 1 year ago
Been shorting MSTR, to bet against Bitcoin recently, and that worked fine today for a swing, but might trade this ETF too when the 'flagship crypto' is in risk-off mode.
T
TraderMike about 1 year ago
I've had this on my "if & when" watchlist for a couple of months now. It did climb above its 20 DMA today. 🤔🤔🤔
S
SwingScalp about 1 year ago
Down 47.01% YTD. Up 8.33% past 5 days. Could see BITI racing up to its SMA(50). I guess we'll both be keeping an eye on this one. I do like MSTR to head south so will place a sell stop just below yesterday's close, say $292.50 or so, for today. Unless it gaps down before the open and I have to chase it lower.
View full discussion...
Indicator | Value |
---|---|
52 Week High | 22.3781 |
52 Week Low | 7.06 |
Average Volume | 6,818,917 |
200-Day Moving Average | 11.76 |
50-Day Moving Average | 7.87 |
20-Day Moving Average | 7.86 |
10-Day Moving Average | 8.20 |
Average True Range | 0.30 |
RSI (14) | 57.63 |
ADX | 18.96 |
+DI | 34.46 |
-DI | 19.46 |
Chandelier Exit (Long, 3 ATRs) | 7.70 |
Chandelier Exit (Short, 3 ATRs) | 7.97 |
Upper Bollinger Bands | 8.69 |
Lower Bollinger Band | 7.03 |
Percent B (%b) | 0.8 |
BandWidth | 21.12 |
MACD Line | 0.17 |
MACD Signal Line | 0.12 |
MACD Histogram | 0.0506 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 8.53 | ||||
Resistance 3 (R3) | 8.54 | 8.48 | 8.50 | ||
Resistance 2 (R2) | 8.48 | 8.44 | 8.48 | 8.49 | |
Resistance 1 (R1) | 8.42 | 8.41 | 8.39 | 8.41 | 8.48 |
Pivot Point | 8.36 | 8.36 | 8.35 | 8.36 | 8.36 |
Support 1 (S1) | 8.30 | 8.32 | 8.27 | 8.29 | 8.22 |
Support 2 (S2) | 8.24 | 8.29 | 8.24 | 8.21 | |
Support 3 (S3) | 8.18 | 8.24 | 8.20 | ||
Support 4 (S4) | 8.17 |