Stock Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
BETAPRO INVERSE BITCOIN ETF USD (TSE:BITI.U)
Long-Term Downtrend (-90) - BITI.U is in a strong downtrend that is likely to continue. While BITI.U is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BITI.U?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITI.U.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BITI.U
The long-term trend has been DOWN since Aug 20th, 2021 at 12.26
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 11.78
The short-term trend has been DOWN since Sep 30th, 2021 at 12.88
Smart Scan Analysis for BITI.U
Based on our trend formula, BITI.U is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).