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52282776 No.52282776 [Reply] [Original]

The Stoch RSI (the global BTC market's will/strength/sentiment visualized) as on the 1W timeframe is at ~89 points, which is extremely high considering we're in a bear market. Considering we're in a bear market the Stoch RSI on the 1W is unlikely to truly max out (reach as high as 97-100 points -- has never happened during a bear market except for at the very beginning of of them). In April, the market gigadumped BTC from a 1W Stoch RSI point level of ~82.

In other words one more pump from here is totally possible, one last bulltrap, as the Stoch RSI isn't fully topped (and even if it doesn't max out to 100 points it could still pump a bit from here and reach 92 points for example), but the market may very well gigadump BTC from here; from the current ~89 points.

>inb4 but the monthly looks bottomed, bullrun imminent!
In bear markets it lingers under 10 points for a very long time. Looks like several more months of monhtly bottom-lingering left. Also, crucially, zooming in on the 1-month reveals the Stoch RSI is heading down. Know just how much it can dump over just a few Stoch RSI points while it "looked bottomed out"? Well, it dumped in May from $40k to $17.6k in June. A dump of $22.4k. And THAT was from a Stoch RSI point level of 4.8 to 0. In other words it already looked pretty much "bottomed out", yet over the course of just 4.8 points the market reduced the price by $22.4k. Currently BTCUSD is at a Stoch RSI point level of ~2.5. So the market has demonstrated it can dump BTC roughly $11k from here, over the course of those 2.5 points.

>> No.52282790

>>52282776
>we dump over the next few days thanks to Jew man
>bulls buy it back up
>then we drop down to 14k
screen shot this

>> No.52283421
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52283421

>>52282776

FUCKING KILL YOURSELF PIECE OF SHIT FAGGOT BEAR

18K WAS THE BOTTOM

YOUR ASTROLOGY TEA LEAF BULLSHITT ISNT CHANGING THAT

NOW KYS

>> No.52283458

>>52283421
Seething baggie redditor detected. Go back.

>> No.52283490

>>52282776
>high IQ analysis
>just bog-standard stochRSI faggotry
wow, it was a waste of time

>> No.52283513

I mean nothing suggests that there will be any bullrun soon.

On top of it, none of the stuff happening right now suggests there will be anything remotely green.

>> No.52283531

>>52282776
Gobbledeegook.
>>52283490
This.

>> No.52283639

>>52283513
this makes me believe there will be tho

>> No.52284453 [DELETED] 

>>52283490
>>52283531
Ahh, as usual the Stoch RSI are comfy and chill while the brainlets and baggies are always seething.

>> No.52284459

>>52283490
>>52283531
Ahh, as usual the Stoch RSI anons are comfy and chill while the brainlets and baggies are always seething.

>> No.52284480
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52284480

>>52284453
>>52284459
L

>> No.52284482
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52284482

>>52282776
>>52283421
kek

>> No.52285427

>>52282776
Keking at brainlets that need some astrology tier bs to justify their decisions.
Bear is gone for crypto. I just need to look at the chart and a feeling pops up.
t. 98% above general pop on pattern recogniton.

>> No.52285453
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52285453

>>52284459
No thx
>J

>> No.52285465

>>52282776
>since we’re in a bear market
The bear market ended this month.

>> No.52285472
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52285472

>>52285465
Forgot pic

>> No.52285499
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52285499

>The Stoch RSI
Stopped reading right there

>> No.52287326

Plebbitors are going to cry and cope all the way to the bottom. All the way. Every day.

>> No.52287715
File: 72 KB, 870x1177, 1656509005431.png [View same] [iqdb] [saucenao] [google]
52287715

>>52285427
>rages against TA
>thinks bear market is over
>"a feeling pops up" ~~ muh feels
oh dear

>> No.52287738
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52287738

>>52287715

>> No.52287770
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52287770

>>52287738

>> No.52287819
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52287819

>>52287770

>> No.52287852
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52287852

>>52287819

>> No.52287884

The weekly Stoch RSI was at 100 for a full month in early 2019 when BTC was trading at sub $4k and everyone was still calling for a dip to $1-2k. Guess what it did next. Stoch RSI is notoriously unreliable for risky assets, so I don't know why you think it's a useful tool here.

Be honest: you first entered in 2020, didn't you?

>> No.52287887

>>52287852
now screenshot when bitcoin was a 40k
protip: it doesn confirm your bias

>> No.52287900

>>52287852
>>52287819
>>52287770
>>52287738
>>52287715
Now do the same for retards calling for $1k in early 2019.

>> No.52287939
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52287939

>>52282776
Oh yeah? Where are the sellers going to come from?

>> No.52288034
File: 18 KB, 340x786, 2019 bullmarket Stoch RSI.png [View same] [iqdb] [saucenao] [google]
52288034

>>52287884
>The weekly Stoch RSI was at 100 for a full month in early 2019
Picrel is what you refer to. That was during a raging bull market. So you only helped prove OP correct. Through your post, you agreed with OP. Amazing, because you thought you were doing the opposite.

Quote from the OP:
> ~89 points is extremely high considering we're in a bear market.
> Considering we're in a bear market the Stoch RSI on the 1W is unlikely to truly max out
> (reach as high as 97-100 points -- has never happened during a bear market except for at the very beginning of of them).

>> No.52288081

>>52288034
>Feb 2019 was a raging bull market
>When BTC was still down 80%

How fucking retarded are you? Seriously, how bad is it, anon?

>> No.52288091

>>52287900
Good luck with that. Got 64 screenshots of 3k callers and baggies crying that 3k isn't happening and moaning about TA, and there's plenty more screenshots to take.

The 64: https://a.cockfile.com/NmSesK.rar

>>52288081
>violently pumps from the 3.2k bottom to near 14k
>th-that's not a bull market!
Projection: the post

>> No.52288139

>>52288091
Hindsight's 20/20, retard. which is exactly my point. If this were March 2019, you'd be spouting the same drivel of how high the Stoch RSI is in a bear market.

And it's good to know your autism is selective. How was it burning money for the last 2 years?