BETAPRO INVERSE BITCOIN ETF (BITI.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BITI - CA0866242021 - ETF
We assign a technical rating of 8 out of 10 to BITI. Although BITI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although BITI has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.03
4 important support areas can be observed.
- A support zone ranging from 20.11 to 20.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.11 to 19.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.28 to 18.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.88 to 21.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BITI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITI.CA is up. |
| ChartMill Relative Strength | 46.89 | NEUTRAL | BITI.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BITI.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.04 | NEUTRAL | The RSI value for BITI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BITI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.68 | NEUTRAL | The Stochastics value for BITI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for BITI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.2 | POSITIVE | The high ADX value value for BITI.CA suggests a strong trend. |
TSX:BITI (11/27/2025, 7:00:00 PM)
20.12
-0.37 (-1.81%)
BETAPRO INVERSE BITCOIN ETF / BITI.CA FAQ
What is the ChartMill technical rating of BETAPRO INVERSE BITCOIN ETF (BITI.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to BITI.CA.
Can you provide the trend direction for BETAPRO INVERSE BITCOIN ETF?
The current trend direction for BETAPRO INVERSE BITCOIN ETF (BITI.CA) is Bullish.
Can you provide the RSI signal for BETAPRO INVERSE BITCOIN ETF?
BETAPRO INVERSE BITCOIN ETF (BITI.CA) has an RSI value of 57.0367. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BETAPRO INVERSE BITCOIN ETF?
The MACD indicator for BETAPRO INVERSE BITCOIN ETF (BITI.CA) has a value of 0.0452377, indicating a bearish trend.
What is the buy/sell signal for BETAPRO INVERSE BITCOIN ETF (BITI.CA) stock?
The buy/sell signal for BETAPRO INVERSE BITCOIN ETF (BITI.CA) is buy as both the short term and long term trends are positive.