[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 33 KB, 576x660, bulltrap.png [View same] [iqdb] [saucenao] [google]
53723652 No.53723652 [Reply] [Original]

As far back as February 11th at $21600 I warned you of this pump: https://archived.moe/biz/thread/53667479
>Dump's over for now, now we move onto the bulltrap which must complete before continuation (see the 1W Stoch RSI) of the dumpage. So, minor pumpage ahead (see the 1D Stoch RSI).
And I told you to close your shorts. So hopefully for your sake you did.

>> No.53724018

>>53723652
So what's next?

>> No.53724071

when the fuck is it going to stop? its literally gone up $2k in a few hours.

>> No.53724223

>>53723652
Who is buying an why? What do (((they))) know?

>> No.53724293

>>53724071
>when the fuck is it going to stop?
how does 100k sound?

>> No.53724306

>>53723652
the weekly rsi can stay there for weeks you know

>> No.53724332

i lost 1600. this shit doesnt make any sense

>> No.53724335

>>53724071
It's not just BTC. The meme stocks and others that were huge money losers last year are pumping hard also. It's a retard rally.

>> No.53724565

>>53724306
Except when it did that in the past it was in an ultra bullish situation and it stayed at 100, whereas now it has already begun going down.

>> No.53724911

>>53724332
It makes perfect sense if you understand OP's pic.

>> No.53724936

>>53724911
I don't understand it anon. Should I be buying?

>> No.53725080

>>53724936
No, since this is a bulltrap and it's impossible to know when exactly it will stop pumping. And you shouldn't be shorting either, as it might and likely will pump more than it already has. Short when it begins gigadumping. When the Stochastic RSI goes down on both the daily and weekly timeframes.

>> No.53725131

>>53725080
Do you really think your indicator is going to help you make money?

>> No.53725177

>>53725131
It's not "my indicator". The Stochastic RSI is simply a visual illustration of what the market's will is at any current moment, on various timeframes. When it's bottomed out the market wants to buy (more so than sell). Which is precisely what they did.

>> No.53725239

So the question you should be asking yourself is: Is it a good idea to pay attention to what the market wants and take the market's will into consideration when deciding whether to buy or sell, or should one instead just buy/sell randomly and blindly with zero regards to the market which has many orders of magnitude greater influence over the price than you have?

>> No.53725260

The logic thing is to short, so the market will pump even more. Is that simple

>> No.53725305
File: 662 KB, 1240x1182, 1672146803778.png [View same] [iqdb] [saucenao] [google]
53725305

/biz/ is always one step behind.

>> No.53726267

>>53724293
Sounds like desperate baggie hopes.

>> No.53726294

>>53723652
>As far back as February 11th
whoaaa
the 11th?
you mean an entire 4 days ago?
...so half a week ago?
bro, that's wild.
absolute madman.

>> No.53726331

>>53725239
the real hat-trick I pull is buy/sell with regards to the advice I read on 4chins.

>> No.53726337

>>53725305
Why has liquidity increased since last year?

>> No.53726455

>>53726294
Thanks but it wasn't very challenging. Quite the opposite really. It's been quite entertaining watching so many anons utterly shocked and surprised at this pump, Bobos and Mumus alike (and Mumus larping as shocked Bobos thereby trying to suggest the bears should be surprised), when this pump was so entirely obvious to anyone who checked the Stoch RSI.

>> No.53726484

>>53726337
Because CZ can print it out of thin air.

>> No.53726486

>>53726455
I read the original post.
mostly it's just your commenters are on different timelines.
the bears mostly said, yea, for a week or two, it goes up.
common many bears have been saying they're just sitting on cash instead, not bothering to short because they know it's just throwing money away.

>> No.53726523

>>53723652
>rsi

>> No.53726554
File: 36 KB, 576x660, qwfadsdfsdf.png [View same] [iqdb] [saucenao] [google]
53726554

>>53723652

>> No.53727838
File: 602 KB, 1036x919, 7F7F5787-F42C-4FA5-A5A1-7F802A593B3A.jpg [View same] [iqdb] [saucenao] [google]
53727838

>>53726554
It’s even taking the shape of a bear in the second chart.

>> No.53727932

>>53726523
Stoch RSI.

>>53726554
Something like that might happen, but it can't go above 100. While it might go up a bit again on the 1W, I don't think it's going to hug the top on the 1W for an extended period of time as it has done a few times in the past. Also, the 1D may only go halfway, or not even that; it doesn't need to top; for a recent example see for April-May 2022 where a big dump occurred with the 1D not topped.