Bitcoin ETF Trading Strategy for BITO and BITI
For those of you that don't trade Bitcoin and have sat on the sidelines watching others making hoards of cash with it's wild market fluctuations. Here's another strategy that will allow you to participate in the Cryptocurrency Market without needing to have a Cryptocurrency Trading Account or a Crypto-Wallet. In fact you never need to touch a coin and can trade out of any regular trading account.
BITO and BITI are both ETF's.... BITI Bitcoin PROSHARES Strategy, and BITI PROSHARES SHORT Strategy.
Just looking at the last 5 months there appears to be a fairly consistent pattern to it all though the timing varies from month to month and on the BTC Chart I am showing the approximate $ value swings of Bitcoin through this time frame and if you are able to watch for the highs and lows and then take a position in either ETF at an appropriate time to catch even part of the monthly swing your potential gains by percentage by far outweigh the ability to profit from the actual strategy of trading Bitcoin and paying the hefty fee's that go along with it.
Of course like anything in the markets there is always a lot of risk involved so if you're uncertain of trading these ETF's, try Paper Trading for a while and see if this might work for you. Please note that I'm specifically focused here right now on the overall Price Swing Pattern and not zeroing in on more in-depth Technical Analysis.
BITO and BITI are both ETF's.... BITI Bitcoin PROSHARES Strategy, and BITI PROSHARES SHORT Strategy.
Just looking at the last 5 months there appears to be a fairly consistent pattern to it all though the timing varies from month to month and on the BTC Chart I am showing the approximate $ value swings of Bitcoin through this time frame and if you are able to watch for the highs and lows and then take a position in either ETF at an appropriate time to catch even part of the monthly swing your potential gains by percentage by far outweigh the ability to profit from the actual strategy of trading Bitcoin and paying the hefty fee's that go along with it.
Of course like anything in the markets there is always a lot of risk involved so if you're uncertain of trading these ETF's, try Paper Trading for a while and see if this might work for you. Please note that I'm specifically focused here right now on the overall Price Swing Pattern and not zeroing in on more in-depth Technical Analysis.
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