/biz/ - Business & Finance

>>56262322
>i'm too retarded to understand stoch rsi and how to use it correctly, so everyone who uses it is a samefag

Niggerfaggot. Stoch RSI users warned you in mid April to sell. Then it dumped to sub 25k. Picrel. And now yet again they're proving themselves correct: BTC is dumping, as the Stoch RSI user in the OP screenshot told you. All you have is seething.

THE 1W STOCH RSI IS NOW FINALLY BOTTOMED!!!

IT'S RIGHT NOW SITTING AT 0.00 -- 0.00 (meaning blue and orange have met and are at the absolute bottom).

>>56077419
KEK and that was just 1 day after the 1W Stoch RSI hit 100 with the BTC price just over 30k -- and hooooly shit there was SOOOOOO much glorious seething against that by all the brainlets and baggies alike. Endless cope and crying, endless mental gymnastics for why the price wouldn't go down. Glorious! And as usual none of that crying and kvetching (some of the "anons" attacking picrel undoubtably were jew agents sent here to try to get anons to not sell high), absolutely none of it, prevented the price from falling to where it is now. Now the 1W is finally bottomed, 0.00--0.00 as of writing this. Yep, that's how long it took, since April 13th until now, for it to get to the bottom.

>>56075150
The word midwit.

And for those of you haven't been paying attention, it took until now for the 1W Stoch RSI to bottom out – quite a long time. Now it looks essentially fully bottomed, but no bullish crossing yet. Will be very interesting to see what happens next.

>>55871688
What if you shouldn't have fomo'd in at around 30k because 30k was basically the top of the bear market rally?

That quote and picrel are from this thread from April 13th: https://archived.moe/biz/thread/54579710

>b-b-b-b-but why post about a chart from April 13th, that's so long ago, surely it's not relevant anymore r-r-right? We can forget about that utter humiliation we brainlets who chose to ignore it back then faced later... right?
Nope, sorry. The 1W didn't bottom out. It reversed rather high above 0.
>b-b-b-b-but it reversed at around the same point level in Nov-Dec 2022!!!! And look what happened then, BTC pumped a lot and doubled in price!!!!
Completely different market situation; that was right after the sustained dumpage (minus 3 small rallies) that took the price from 48k to 15.5k. After that dumpage, the market situation was much more bullish than it is now and bulls had more energy to pump BTC. Since April of the current year, the market has in comparison been much more tired (and has been getting increasingly tired since April), and the situation is much more bearish than it was in Nov-Dec of previous year. After significant dumpage occurs = the market gets bullish, there's more energy, it's easier for the bulls to pump the price. After significant pumpage occurs = the market gets more bearish, there's less energy, it's harder for the bulls to pump the price. Basics!

That quote and picrel are from this thread from April 13th: https://archived.moe/biz/thread/54579710

>b-b-b-b-but why post about a chart from April 13th, that's so long ago, surely it's not relevant anymore r-r-right? We can forget about that utter humiliation we brainlets who chose to ignore it back then faced later... right?
Nope, sorry. The 1W didn't bottom out. It reversed rather high above 0.
>b-b-b-b-but it reverse at around the same point level in Nov-Dec 2022!!!! And look what happened then, BTC pumped a lot and doubled in price!!!!
Completely different market situation; that was right after the sustained dumpage (minus 3 small rallies) that took the price from 48k to 15.5k. After that dumpage, the market situation was much more bullish than it is now and bulls had more energy to pump BTC. Since April of the current year, the market has in comparison been much more tired (and has been getting increasingly tired since April), and the situation is much more bearish than it was in Nov-Dec of previous year. After significant dumpage occurs = the market gets bullish, there's more energy, it's easier for the bulls to pump the price. After significant pumpage occurs = the market gets more bearish, there's less energy, it's harder for the bulls to pump the price. Basics!

>he ignored the 1W Stoch RSI, and fomo'd in around 30k
Rest in piss, low-IQers.

>>55335279
>an indicator that is as good as reading your diarrhea
cope and cry moar

>>55320300
lol

>>55319355
>lagging indicator!!! waaaaah!!!

>>55304383
>selling is always stupid
>you don't know if it's going up and down
>t. plebbitor who fomo'd in around 30k and held, despite seeing picrel

100% of the anons seething on /biz/ now are anons who seethed against picrel chart, who called it a "lagging indicator" and raged against TA in general and said 35k was imminent.

Here are the first two threads about this particular chart:
April 13th: >>/biz/thread/54579710 -- for IDs: https://archived.moe/biz/thread/54579710
April 29th: >>/biz/thread/54683293 -- for IDs: https://archived.moe/biz/thread/54683293

Observe the seethers in those threads. Really, read their posts; it's educational.

>>55220509
And that was posted on April 11th.
Notice he wrote:
> " the market is basically done buying"
And he was right. There was just a little bit more buying, which took the price to 31000 where it quickly dumped back down. And since then the price has been falling and hit 25.3k recently. He was able to know the market was "basically done buying" because the Stoch RSI on the Weekly was at 100 points. A that moment the Stoch RSI on the Weekly looked like this (pic). That's from April 13th but it looked the same or almost identical on April 11th. Generally when the Stoch RSI gets near 100 and especially when it hits 100, you know the price is about to fall. The exception to this is the Monthly where during extremely bullish situations, like in a super powerful bullrun, it can stay very high (between 85 and 100) for a long time and even hit 100 and fall a bit yet the price continues to rise. That's entirely to be expected. Another exception is that 3 or 4 times in Bitcoin's history the Weekly has stayed topped for a bit longer than usual, and that was also in those kinds of super bullish conditions. But that only happened those few times. And those few times the shape of the Stoch RSI (the blue and orange lines) on the Weekly looked very different from how it looked this most recent time (when the Weekly was at 100), which is why that anon could confidently say that the market was basically done buying; he knew it wouldn't stay at 100 because the shape looked obviously bad/bearish (the market had shown weakness). The same exceptions also occur in the other direction; during extremely bearish situations (bear markets) the Monthly stays near the bottom for a long time, and likewise the Weekly as well has stayed bottomed for a while but just a few times.

>>55214653
You haven't sold yet? Didn't you sell at around 30k when you saw this in April? Anon... And it's not bottomed yet, btw. Currently it's at 23 points.

>>55214554
Sad cope. You said the same thing in mid April when you saw this.
> weekly are still bullish
Not bottomed yet and still falling.
>still
It hasn't been bullish since April.
> even the daily is bullish
False. It has half it's points left to fall.

>>55214405
>t. fomo'd in at 30k
retard

>>55196271
reminds me of the plebbitors who saw picrel and hoddeld

>>55192382
Imagine fomo'ing in at ~30k. Imagine seeing this and not securing your funds. Imagine instead of being smart and manning up and admitting to yourself you bought at a bad time and cutting your losses of just a few percent, you instead choose to seethe and cry on 4chan and cope in extreme ways and say things like "nooo, it's totally gonna stay at 100 and BTC is going to 35k because the market must respect my feelings" etc (and ignoring the fact that the 4 other times the weekly stayed at 100 it had a totally different shape from this time)

>inb4 oh no but if I sold at picrel price I'd have missed out on a $700 pump noooooo
Yeah what a disaster. It has dumped $5223 so far. Even if you saw the 1W Stoch RSI was near 100 points at 29k and sold then at 29k and you hence missed the 2k pump from 29k to 31, you'd still be in a better position than if you ignored the 1W Stoch RSI.

>>5518979
It was at 100--100 (both blue and orange fully maxed out) when it dumped from 31k to 25.9k. Picrel. Original thread: >>/biz/thread/54579710

May their pink bodies rest in piss.

>>55114706
picrel
>"oh no look it's going up, that totally means it won't dump hard soon"
>proceeds to eat shit
It's the same story every time.

>>>55113884
picrel
>"oh no look it's going up, that totally means it won't dump hard soon"
>proceeds to eat shit
It's the same story every time.