BITX (x2 Bitcoin printed a bottom signal)My Impulse Master indicator caught the top and now signals a bottom
Key stats
About Volatility Shares Trust 2x Bitcoin Strategy ETF
Expense ratio
1.90%
Home page
Inception date
Jun 27, 2023
BITX aims to provide 2x daily exposure to bitcoin futures. The fund seeks to track the price movement of bitcoin futures traded on the CME Futures Exchange for a single day. The fund buys cash-settled Bitcoin futures contracts and will roll the contracts on a monthly basis, as they near expiration. The expiring contracts are replaced with the next month contracts. The final trade date each month is the last Friday of the contract month. On day t-2 at market close, the index is 0% in the expiring futures contract and 100% in the next futures contract. Futures contracts can and often do trade in backwardation, meaning the costs of rolling contracts will reduce returns. The index itself is price weighted and does not rebalance. As a result, the return of BITX shares 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
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund98.72%
Cash1.28%
Which way mountain man?This has the opportunity of being a text book cup and handle chart pattern , I'll frame this beauty if it happens. Held 176 shares of BITX through all of this and it's been tremendous. Congrats to the longs. Our time might come this weekend... CBOE:BITX
BITX poised to fall to C area on chartEWT says sell...
AT says sell
Squeeze Pro says sell
one strategy says "buy 10", i did this morning, took profits (one of my rules is I can't daytrade more then 4 times in 7 days), but I will take a profit here, rather than watch it go down.
I had said I would be in my you toob room, in profile by
BITcoin / BITX ETF 2 X performanceBitcoin has been correcting from, first the 5th wave, and then the ABC. When wave C completes it will be a golden opportunity to long.
Sold from R5, bounced off S5 today, B wve UP, n4xt C wave down, then buy the next set of waves wave V.
In a day or two this will be replaed by longs.
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Displays a symbol's price movements over previous years to identify recurring trends.