When (BITI) Moves Investors should Listen
February 26, 2025, 02:54 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BITI
- Buy BITI near 23.95 target 29.64 stop loss @ 23.88 Details
The technical summary data tells us to buy BITI near 23.95 with an upside target of 29.64. This data also tells us to set a stop loss @ 23.88 to protect against excessive loss in case the stock begins to move against the trade. 23.95 is the first level of support below 25.13 , and by rule, any test of support is a buy signal. In this case, support 23.95 is being tested, a buy signal would exist.
- Short BITI slightly under 29.64, target 23.95, stop loss @ 29.73 Details
The technical summary data is suggesting a short of BITI as it gets near 29.64 with a downside target of 23.95. We should have a stop loss in place at 29.73though. 29.64 is the first level of resistance above 25.13, and by rule, any test of resistance is a short signal. In this case, if resistance 29.64 is being tested, a short signal would exist.
Swing Trading Plans for BITI
- Buy BITI slightly over 29.64, target n/a, Stop Loss @ 29.55 Details
If 29.64 begins to break higher, the technical summary data tells us to buy BITI just slightly over 29.64, with an upside target of n/a. The data also tells us to set a stop loss @ 29.55 in case the stock turns against the trade. 29.64 is the first level of resistance above 25.13, and by rule, any break above resistance is a buy signal. In this case, 29.64, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BITI slightly near 29.64, target 24.64, Stop Loss @ 29.73. Details
The technical summary data is suggesting a short of BITI if it tests 29.64 with a downside target of 24.64. We should have a stop loss in place at 29.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.64, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BITI
- Buy BITI slightly over 25.5, target 29.64, Stop Loss @ 25.44 Details
If 25.5 begins to break higher, the technical summary data tells us to buy BITI just slightly over 25.5, with an upside target of 29.64. The data also tells us to set a stop loss @ 25.44 in case the stock turns against the trade. 25.5 is the first level of resistance above 25.13, and by rule, any break above resistance is a buy signal. In this case, 25.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BITI slightly near 25.5, target 24.64, Stop Loss @ 25.56. Details
The technical summary data is suggesting a short of BITI if it tests 25.5 with a downside target of 24.64. We should have a stop loss in place at 25.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Proshares Short Bitcoin Strategy Etf (BITI) available here: BITI.
BITI Ratings for February 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
18.77 |
| P2 |
24.13 |
23.21 |
23.95 |
| P3 |
25.5 |
24.64 |
29.64 |
AI Generated Signals for BITI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Proshares Short Bitcoin Strategy Etf (NASDAQ: BITI) report below is a real world example. Included are trading plans for BITI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BITI:
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