Technical Analysis for BITU - ProShares Ultra Bitcoin ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 33.04 | 10.32% | 3.09 |
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 10.32% | |
| Wide Bands | Range Expansion | 10.32% | |
| Overbought Stochastic | Strength | 10.32% | |
| Gapped Down | Weakness | 10.32% | |
| 50 DMA Resistance | Bearish | 6.99% | |
| Stochastic Sell Signal | Bearish | 6.99% |
| Alert | Time |
|---|---|
| Possible NR7 | about 9 hours ago |
| Gapped Up (Full) | about 13 hours ago |
| Rose Above Previous Day's High | about 13 hours ago |
| Rose Above 50 DMA | about 13 hours ago |
| Rose Above 10 DMA | about 13 hours ago |
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ProShares Ultra Bitcoin ETF Description
BITU is a bullish one-day bet on Bitcoin, seeking to provide double the daily returns of its underlying Bitcoin index. The index, maintained by Bloomberg Index Services Limited, is designed as a proxy for the Bitcoin market. The index price is a composite of US Dollar-Bitcoin trading activities reported by digital asset platforms. The fund does not invest directly in Bitcoin. The fund primarily invests in swap agreements to obtain leveraged exposure to the index. If the fund is unable to gain its desired exposure to Bitcoin, it may also invest in other instruments, such as cash-settled CME Bitcoin futures. The fund also holds money market instruments for necessary collateral. It gains exposure by utilizing a wholly owned Cayman Islands subsidiary. The returns of the fund can vary significantly from 2x exposure if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle.
Classification
Keywords: Exchange Traded Fund Bitcoin Cryptocurrency Economics Of Bitcoin Short Term Trading Tool Market Sentiment Bitcoin/Us Dollar Fx Spot Rate Composite Display Fx Spot Rate
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 42.4457 |
| 52 Week Low | 22.2425 |
| Average Volume | 1,015,155 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 31.82 |
| 20-Day Moving Average | 28.29 |
| 10-Day Moving Average | 31.03 |
| Average True Range | 2.31 |
| RSI (14) | 57.45 |
| ADX | 18.54 |
| +DI | 32.05 |
| -DI | 25.30 |
| Chandelier Exit (Long, 3 ATRs) | 26.66 |
| Chandelier Exit (Short, 3 ATRs) | 29.19 |
| Upper Bollinger Bands | 34.82 |
| Lower Bollinger Band | 21.77 |
| Percent B (%b) | 0.86 |
| BandWidth | 46.15 |
| MACD Line | 0.34 |
| MACD Signal Line | -0.43 |
| MACD Histogram | 0.7663 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 34.81 | ||||
| Resistance 3 (R3) | 34.68 | 33.97 | 34.52 | ||
| Resistance 2 (R2) | 33.97 | 33.52 | 34.03 | 34.42 | |
| Resistance 1 (R1) | 33.50 | 33.24 | 33.74 | 33.63 | 34.32 |
| Pivot Point | 32.79 | 32.79 | 32.90 | 32.85 | 32.79 |
| Support 1 (S1) | 32.32 | 32.34 | 32.56 | 32.45 | 31.76 |
| Support 2 (S2) | 31.61 | 32.06 | 31.67 | 31.66 | |
| Support 3 (S3) | 31.14 | 31.61 | 31.57 | ||
| Support 4 (S4) | 31.27 |
