Technical Analysis for BITI - ProShares Short Bitcoin Strategy ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Gapped Down | Weakness | -2.59% | |
| Gapped Down | Weakness | -3.12% | |
| NR7 | Range Contraction | -5.16% | |
| NR7-2 | Range Contraction | -5.16% | |
| Narrow Range Bar | Range Contraction | -5.16% | |
| NR7 | Range Contraction | -3.64% | |
| Narrow Range Bar | Range Contraction | -3.64% | |
| Inside Day | Range Contraction | -3.64% | |
| Gapped Up | Strength | -3.64% | |
| 180 Bearish Setup | Bearish Swing Setup | -2.19% |
| Alert | Time |
|---|---|
| New 52 Week Low | about 4 hours ago |
| 60 Minute Opening Range Breakdown | about 4 hours ago |
| Fell Below Previous Day's Low | about 4 hours ago |
| Down 1% | about 4 hours ago |
| Fell Below Previous Day's Low | 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 | 22.5864 |
| 52 Week Low | 7.1153 |
| Average Volume | 8,143,182 |
| 200-Day Moving Average | 13.11 |
| 50-Day Moving Average | 7.81 |
| 20-Day Moving Average | 7.69 |
| 10-Day Moving Average | 7.40 |
| Average True Range | 0.30 |
| RSI (14) | 40.48 |
| ADX | 13.52 |
| +DI | 21.28 |
| -DI | 29.32 |
| Chandelier Exit (Long, 3 ATRs) | 7.63 |
| Chandelier Exit (Short, 3 ATRs) | 8.00 |
| Upper Bollinger Bands | 8.48 |
| Lower Bollinger Band | 6.90 |
| Percent B (%b) | 0.19 |
| BandWidth | 20.55 |
| MACD Line | -0.20 |
| MACD Signal Line | -0.18 |
| MACD Histogram | -0.0279 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.52 | ||||
| Resistance 3 (R3) | 7.54 | 7.44 | 7.47 | ||
| Resistance 2 (R2) | 7.44 | 7.36 | 7.43 | 7.45 | |
| Resistance 1 (R1) | 7.32 | 7.31 | 7.27 | 7.31 | 7.43 |
| Pivot Point | 7.23 | 7.23 | 7.20 | 7.22 | 7.23 |
| Support 1 (S1) | 7.11 | 7.14 | 7.06 | 7.09 | 6.97 |
| Support 2 (S2) | 7.01 | 7.09 | 7.00 | 6.95 | |
| Support 3 (S3) | 6.89 | 7.01 | 6.93 | ||
| Support 4 (S4) | 6.88 |
