Technical Analysis for BITI - ProShares Short Bitcoin Strategy ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Stochastic Buy Signal | Bullish | 1.24% | |
| Oversold Stochastic | Weakness | 1.24% | |
| NR7 | Range Contraction | 4.03% | |
| Narrow Range Bar | Range Contraction | 4.03% | |
| Inside Day | Range Contraction | 4.03% | |
| Oversold Stochastic | Weakness | 4.03% | |
| New 52 Week Closing Low | Bearish | 5.16% | |
| New 52 Week Low | Weakness | 5.16% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 21 hours ago |
| Up 1% | about 21 hours ago |
| Down 2 % | about 23 hours ago |
| Down 1% | about 23 hours ago |
| Up 2% | 2 days 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 over 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 over 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 over 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 | 15.8444 |
| 52 Week Low | 6.328 |
| Average Volume | 9,694,681 |
| 200-Day Moving Average | 8.28 |
| 50-Day Moving Average | 7.52 |
| 20-Day Moving Average | 7.05 |
| 10-Day Moving Average | 6.80 |
| Average True Range | 0.26 |
| RSI (14) | 42.53 |
| ADX | 16.77 |
| +DI | 24.54 |
| -DI | 31.69 |
| Chandelier Exit (Long, 3 ATRs) | 7.23 |
| Chandelier Exit (Short, 3 ATRs) | 7.12 |
| Upper Bollinger Bands | 7.82 |
| Lower Bollinger Band | 6.29 |
| Percent B (%b) | 0.31 |
| BandWidth | 21.67 |
| MACD Line | -0.26 |
| MACD Signal Line | -0.24 |
| MACD Histogram | -0.0167 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.20 | ||||
| Resistance 3 (R3) | 7.17 | 6.99 | 7.13 | ||
| Resistance 2 (R2) | 6.99 | 6.88 | 7.01 | 7.11 | |
| Resistance 1 (R1) | 6.88 | 6.81 | 6.93 | 6.91 | 7.08 |
| Pivot Point | 6.70 | 6.70 | 6.73 | 6.72 | 6.70 |
| Support 1 (S1) | 6.59 | 6.59 | 6.65 | 6.63 | 6.46 |
| Support 2 (S2) | 6.41 | 6.52 | 6.43 | 6.43 | |
| Support 3 (S3) | 6.30 | 6.41 | 6.41 | ||
| Support 4 (S4) | 6.34 |
