/biz/ - Business & Finance

>>49830539
I was too lazy to post this, but yes!

>>49830539
WTF HAPPENED TO THE 20k SUPPORT TA SISTERS?

>>49830539
Yep, the quant guys at my investment firm are banding about $2,400 as to what it will settle at for quite some time.

>>49830539
KEK babby’s first TA - cute

>>49830655
You were saying?

>>49830539
The stoch RSI has been getting a ton of traction the past week or two because of one profoundly confused anon that keeps posting the weekly or monthly RSI, citing it as evidence that the bear trend will go a lot further. What you and that guy don't understand is the Stoch RSI is incredibly unpredictable/unreliable on its own, which is why it's used merely as a probability booster in conjunction with other oscillators and signals (like candlestick patterns, MA strategies, ichimoku, etc). Any serious trader uses two or three indicators to be as sure as possible about the trade they are about to enter. If multiple of their indicators agree, then they can be more certain about a thesis than not. No serious trader uses a single indicator like you are doing here.

Moreover, you are using the Stoch RSI wrong. You don't use RSI or stoch RSI for its absolute level. In times of extreme emotion or irrationality, oscillators can ride the floor or ceiling for a long time--- longer than you can stay solvent. Oscillators are used to spot divergences which can point to trend reversals.

>>49830539
>dump begins 3 minutes after OP posts
Nice work anon. Stoch RSI is a very powerful tool.

It keeps lower after each pump / bounce lmao

>>49830864
BASED. WAGMI

>>49830864

>>/biz/?task=search&ghost=yes&search_text=%22longer+than+you+can+stay+solvent%22

Keep crying and keep coping all the way to the bottom.

Stoch RSI chads have continually been calling out dumps before they happen. For instance: >>49688128 archive.is/uACxU -- and you were there too, posting your "can ride the top for longer than you can stay solvent" cope while the price was 21755, then it dumped to 20200. Not only that, but the OP in that thread who "predicted" that dump also "predicted" ( >>49688403 ) the pre-dump pump (that pump to 22900), because the Stoch RSI hadn't fully topped yet. Lo and behold it pumped exactly as he said it would -- and then dumped, as he said it would. All thanks to the Stoch RSI. But yeah, keep crying.

>>49830864
>can ride the floor for a long time
EXACTLY. Especially during a bear market.

>>49831708
Is this picture the birth of an epic new meme?

>>49831708
>the 2016-18 RSI Bart
he haunts my dreams

>>49831357
if any indicator worked for prediction as well as you claimed, richer and smarter people than you would use it, and then it would become literally worthless since the information it contains would increasingly become based on itself in a feedback loop which would eventually lead to it containing no informational value.

>>49833431
>people buy
>price goes up
>stoch rsi goes up

>people sell
>price goes down
>stoch rsi goes down

It's that simple, newfren. That's how it works. That's what happens. Due to the Stoch RSI being based on the price movement. And that happens regardless of how many people are looking at the Stoch RSI: it's entirely automatic and can't be stopped from happening; people buy/sell --> price goes up/down --> Stoch RSI rises/falls.

>>49831708
this is the worst TA i've ever seen
Dunning-Krugers personified

>>49830539
HEY HEY HEY

I dont know if its bait or retard anymore

>>49833150

>>49833582
But you claim that stoch RSI is some kind of godly predictor of price changes. If it was, things would go like this:
>high stoch RSI means about to dump
>people sell when they see high stoch RSI
>since this is true, people try to frontrun others by selling when the stoch RSI rises to slightly lower levels than the initial benchmark "time to sell" level
>since this is true, people try to frontrun others by selling when the stoch RSI rises to slightly lower levels than slightly lower levels than the initial benchmark "time to sell" level
>since this is true...
&c. The only good TA trading strategy is a secret, complex one. Anything that is known to truly and effortlessly work that well will destroy its own predictive power by the process above

>>49834802
Anon... the vast majority of the market don't use technical analysis AT ALL, they just buy and sell based on the price. At most, they look at a non-interactive line chart (not even candles).

>>49830539

Impressive. now let's see the weekly

>>49834841
most of the money in the market is traded by hyper-wealthy firms who employ quants and shit though right

>>49834802
frontrunning won't help cause stoch rsi is lagging and also because it measures only N last candles, which makes it's measurements relative... ughh... idk how to formulate it properly, I took too much lsd too often in front of the charts, but I hope you get the idea

>>49831708
>The man
>The legend
>The one and only: Spastic With a Stochastic

>>49830651
it will settle at right before the coof spike, about 10,800.

>>49830539
>Already on a a-b-c-d-e correction wave
>Reached Daily and 4h Fibonacci extension to proper sell zones as planned by the tool
>RSI is calling an oversold BTC on Daily and Weekly time frames
>Already crashed most things at 99% and BTC at 69%
>BtC Is GoInG tO DuMp SoOn

It's possible for it to dump, but we're aiming for a longterm pump (Daily-weekly speeking). Bottom is reached again and again with even an extension thanks to inflation and FED reports, Summer holidays are coming in, people are going to quit their screen and follow crypto. It's perfect to start the rest of the bull run to 120k.

Update on the 4H.

>>49838456
are we gonna hug the upper levels for while?

>>49838456
3H

>>49838489

stochastic niggers really to be losing the most

>>49838532
and the 1H

So, it's likely going to pump for a while -- for a few hours perhaps, likely teasing 21k or wicking over it, before dumping (still very topped on the 4H).