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    BITI Stock Discussion

    ProShares Short Bitcoin Strategy ETF Description

    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
    BITI Chart by TradingView
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    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.

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    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. 🤔🤔🤔

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    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.

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    SwingScalp over 1 year ago

    Short MSTR at 295.10 for swing intraday.

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    SwingScalp over 1 year ago

    Took MSTR for a scalp, small winner Friday.  Will be looking to short MSTR again next week and to go long BITI.

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