Technical Analysis for BITI - ProShares Short Bitcoin Strategy ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Support | Bullish | 3.98% | |
| Hammer Candlestick | Bullish | 3.98% | |
| NR7 | Range Contraction | 3.98% | |
| NR7-2 | Range Contraction | 3.98% | |
| Narrow Range Bar | Range Contraction | 3.98% | |
| 20 DMA Support | Bullish | 4.25% | |
| NR7 | Range Contraction | 4.25% | |
| Narrow Range Bar | Range Contraction | 4.25% | |
| Down 3 Days in a Row | Weakness | 4.25% | |
| Gapped Down | Weakness | 4.25% |
| Alert | Time |
|---|---|
| Up 3% | about 6 hours ago |
| 10 DMA Resistance | about 7 hours ago |
| 1.5x Volume Pace | about 7 hours ago |
| Rose Above 10 DMA | about 7 hours ago |
| 60 Minute Opening Range Breakout | about 7 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 | 22.6989 |
| 52 Week Low | 7.175 |
| Average Volume | 9,745,661 |
| 200-Day Moving Average | 14.74 |
| 50-Day Moving Average | 8.36 |
| 20-Day Moving Average | 7.79 |
| 10-Day Moving Average | 7.99 |
| Average True Range | 0.37 |
| RSI (14) | 50.98 |
| ADX | 16.58 |
| +DI | 34.03 |
| -DI | 25.44 |
| Chandelier Exit (Long, 3 ATRs) | 7.57 |
| Chandelier Exit (Short, 3 ATRs) | 8.29 |
| Upper Bollinger Bands | 8.45 |
| Lower Bollinger Band | 7.13 |
| Percent B (%b) | 0.73 |
| BandWidth | 17.02 |
| MACD Line | -0.09 |
| MACD Signal Line | -0.19 |
| MACD Histogram | 0.0956 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.58 | ||||
| Resistance 3 (R3) | 8.54 | 8.33 | 8.50 | ||
| Resistance 2 (R2) | 8.33 | 8.21 | 8.35 | 8.47 | |
| Resistance 1 (R1) | 8.22 | 8.14 | 8.27 | 8.26 | 8.45 |
| Pivot Point | 8.01 | 8.01 | 8.04 | 8.04 | 8.01 |
| Support 1 (S1) | 7.90 | 7.89 | 7.96 | 7.94 | 7.75 |
| Support 2 (S2) | 7.69 | 7.82 | 7.72 | 7.73 | |
| Support 3 (S3) | 7.58 | 7.69 | 7.70 | ||
| Support 4 (S4) | 7.62 |
