/biz/ - Business & Finance

It can stay there for months. nothingburger

>>53229359
it clearly rides at 100 from now until the end of history, resulting in the complete and total collapse of faith for the stochastic rsi indicator

>>53229373
cope!

>>53229359
>Stoch RSI already maxed out to 100
Holy shit. Bart incoming.

>>53229373
Post one single example of it staying at 100 for months.

>>53229392
Dude you're funny as fuck like that made me laugh man I mean it I hope you're not that funny all the time man you'll make a killing on the stage ahahahaha

>>53229359
This one's going to hurt, mumu.

problem is shit can go down yet price stay high and go higher

>>53229476
Nope. With the exception of very small timeframes (but even on hourly timesframes the following is most often the case), the Stochastic RSI goes down when the price goes down and goes up when the price goes up. It can, however, stay lowish (near 0) and the price can still go down, and it can stay highish (over 90 but under 100) and the price can still go up. But when it fully bottoms (0), the price very soon after goes up - and when it fully tops 100), the price very soon goes down. Not immediately of course, for example right now the price can go up a little bit more, but a dump is inevitably coming very soon.

>>53229359
This rally will fail like the others!

They're liquidating the shorters before we can dump to $14k tomorrow

>>53229476
Nope. With the exception of very small timeframes (but even on hourly timesframes the following is most often the case), the Stochastic RSI goes down when the price goes down and goes up when the price goes up. It can, however, stay lowish (near 0) and the price can still go down, and it can stay highish (over 90 but under 100) and the price can still go up. But when it fully bottoms (0), the price very soon after goes up - and when it fully tops (100), the price very soon goes down. Not immediately of course, for example right now the price can go up a little bit more, but a dump is inevitably coming very soon.

Always listen to Stoch RSI chads.

>>53229748
stoch rsi was 100 on april 27, 2020.

>>53229359
zoom out

>>53230901
Indicator cultists are retarded.
Don't waste your time trying to help them.

>>53231533
don't be mad just cause they're right

>>53229748
this
>>53229725
yep

>>53230773
hate to admit it, but yes the stoch rsi was really one of the better ones to follow

>>53229359

>>53231731
BOBOS BLOWN THE FUCK OUT

>>53231768
BOBOS HAVE BEEN RIGHT FOR 6 MONTHS and are right again. You dumb mumus must love looking so stupid

>>53231818
IM 100% SURE YOU WILL FOMO TOMORROW

>>53231827
I'm sure you already did kek. idiot

>>53231925
They definitely did. I bet the average bullfuck on /biz/ threw all their chips in before November and their cost basis is around 19000.
That's why they're orgasmic right now. They think they're about to break even and can finally stop feeling like losers who prematurely called the bottom.

weekly is bullish
daily is bearish

aahhhhhhhhhhhhhhhh

>>53231956
That would explain why they spaz out on every single one of these sucker rallies.

>>53231547
If these boomer indicators predicted something right at least 51% of the times every trading bot following these basic shitty signals would be a money printing machine.

>>53231818
>price exploding higher
>bobos are right again

lmao

>>53232108
Don't trust the indicators if you don't want to. But if you want a predictor of BTC price action that's significantly better than 51%, see picrel.

>>53232124
>price exploding higher
up 6% this week. Go take a nap, kid. You don't belong here

>>53232165
t. 2019 newshit who thinks he knows anything about crypto

>>53232146
yes but all of those were on terrible cpi prints
the next one is the first since this mess started that is expected to be a good print

>>53232146
That's not a technical indicator like the one in op. Anyway i don't trust technical indicators because i tried at least a bot for each of the most used indicators on various instruments (not only crypto) and i came to the conclusion they are useless

>>53229430
cringe

>>53232176
You went all in didn't you. Why are you freaking out, kid. If you're so sure you are right, why cant you just relax and stop sperg'n out on /biz/?

>>53232230
>This time is different
Look at July. That's when the entire market convinced itself the Fed was going to pivot. Was a nice rally and ended when the Fed disillusioned the bulls.
You guys haven't learned anything. There will be no pivot until there is a recession. Mass unemployment, deep hurting. You have not experienced it yet and that is why this rally will fail like all the others.

>>53232328
I didn't say it was a technical indicator.

>>53231818
Peak bobo euphoria

>>53229359

>>53232409
peak mumu delusion. Get a hold of yourself, zippertits. This is like the 10th time you mumu fags have been wrong.

>>53232389
>This time is different
on a thing thats less than a year old, not very convincing
anyways the fed doesnt need to pivot a pause stops killing the market
one can take the gamble that unlike stocks which crash further due to earnings revisions that crypto actually moons on the first hints of a fed pivot
either way i am dca'ing in here, it moons i am good, it crashes later i just buy a lot more
you would be greedy if you dont take this level for some buy in at least

>>53229359
based, baggies will seethe and cry

>>53229748
two more weeks!

>>53229359
Thanks just shorted

>>53232108
>>53232328
oh dear

>>53233832
Impressive. So even during a bullrun, one is much better off buying low and selling high based on Stoch RSI, than just holding like a plebbitor. Not very surprising, but nice to see what a difference an effective indicator can make.

I wonder...

>>53233832
What now? Buy sell or wait?

>>53233933

>>53229359
zoom out. We're oversold. Cpi tomorrow will cause some fuckery however

>>53233933
I love all your other examples but this ones kinda dumb. Italy announced Chink Aids lockdown like a week after this

>>53234039
wait, don't buy
if you panic bought, sell

>>53234039
Also >>53232389

>GYMWH

>>53229359
weaker dollar,same reason why dollar is trading at 1.08 usd for 1 euro
its not going to past bitcoin will rise to around 19k and then crash to 10k
feel free to screenshot this reply for a future reference

>>53234644
its not going to last*

>>53231731
I know it was a shitpost n all, but how the fuck did you accurately draw the way the candles would form? Someone get this fucker on National Television

>>53229359
stoch rsi is a meme

>>53229359
>muh 1D stoch rsi
your short at the bottom is still open, isn't it?

>>53229359
I GUESS WE WILL HAVE TO SEE

https://www.bitchute.com/video/i7Smv17KMa07/

>>53234726
You baggie brainlets will cry all the way to the bottom.

>>53233893
Except you completely ignored the last sell at the top, if you bought at the next bottom after that you would have been stuck.

>>53229359
You're right until you're wrong