Technical Analysis for BITI - ProShares Short Bitcoin Strategy ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Stochastic Sell Signal | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Overbought Stochastic | Strength | -4.62% | |
| Gapped Down | Weakness | -4.62% | |
| Pocket Pivot | Bullish Swing Setup | -8.84% | |
| Stochastic Reached Overbought | Strength | -8.84% | |
| Upper Bollinger Band Walk | Strength | -8.84% |
| Alert | Time |
|---|---|
| Possible NR7 | about 23 hours ago |
| 10 DMA Support | 1 day ago |
| Down 1 ATR | 1 day ago |
| 2x Volume Pace | 1 day ago |
| 1.5x Volume Pace | 1 day 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 | 22.6466 |
| 52 Week Low | 7.1585 |
| Average Volume | 10,582,780 |
| 200-Day Moving Average | 14.35 |
| 50-Day Moving Average | 8.05 |
| 20-Day Moving Average | 8.04 |
| 10-Day Moving Average | 8.26 |
| Average True Range | 0.37 |
| RSI (14) | 50.74 |
| ADX | 21.33 |
| +DI | 35.92 |
| -DI | 23.32 |
| Chandelier Exit (Long, 3 ATRs) | 7.98 |
| Chandelier Exit (Short, 3 ATRs) | 8.28 |
| Upper Bollinger Bands | 8.97 |
| Lower Bollinger Band | 7.12 |
| Percent B (%b) | 0.61 |
| BandWidth | 22.98 |
| MACD Line | 0.11 |
| MACD Signal Line | 0.01 |
| MACD Histogram | 0.1025 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.48 | ||||
| Resistance 3 (R3) | 8.50 | 8.44 | 8.45 | ||
| Resistance 2 (R2) | 8.44 | 8.39 | 8.44 | 8.43 | |
| Resistance 1 (R1) | 8.35 | 8.35 | 8.32 | 8.33 | 8.42 |
| Pivot Point | 8.29 | 8.29 | 8.27 | 8.28 | 8.29 |
| Support 1 (S1) | 8.19 | 8.23 | 8.16 | 8.17 | 8.08 |
| Support 2 (S2) | 8.13 | 8.19 | 8.12 | 8.07 | |
| Support 3 (S3) | 8.04 | 8.13 | 8.05 | ||
| Support 4 (S4) | 8.02 |
