/biz/ - Business & Finance

>>54002417
wen moon

>>54002417
Yeah yeah as per usual you are saying this after it happened.

>>54002417
retard

>>54002467
As per usual, Stoch RSI chads say it weeks before it happens. And as per usual, brainlets ignore it and end up seething, as always. He was -- unsurprisingly to no one with high IQ -- right about BOTH this dump AND the bulltrap we just had.

>>54002417
still 95% cash, how low we going bro? I might pick up some stuff here desu senpai

>>54002417
lagging indicator and that shit can stay at 100 for literally weeks.

>>54002643
Yup. It's not reliable.

>>54002643
And the baggie Stoch RSI haters always end up crying. Glorious.

>>54002624
will hit $16k again within 3 weeks

>>54002417
>Ichimoku bro who also saw it coming nods in approval

>muh scoch msi
>muh mac mda 1100
>muh lines
You just zoom out and lay the cart over the psychology of a market chart. Simple as.

>>54002706

>>54002417
I am a brainlet.
Please explain why 1D and 1W rsi indicator are complete opposites and what it is the meaning of it when RSI graphs are like this.

>>54002723
Gongo down then gongo sideways then gongo up bigly

>>54002643
Proof?

>>54002726
The Stochastic Relative Strength Index (Stoch RSI) is a technical analysis indicator that combines the features of two other indicators: Stochastic Oscillator and Relative Strength Index (RSI). It is commonly used to identify overbought and oversold levels in the market.

When the Stoch RSI on the daily and weekly charts show opposite indications, it can be a sign of conflicting signals in the market. For example, if the Stoch RSI on the daily chart is indicating that the market is overbought, while the Stoch RSI on the weekly chart is indicating that the market is oversold, it could suggest that there is uncertainty about the overall trend and that the market could be experiencing a period of consolidation.

It is important to remember that no single indicator can provide a complete picture of market conditions, and that it is always important to consider multiple indicators and other factors when making trading decisions. Additionally, traders should be aware of the limitations of technical analysis and should always exercise caution when making trades based on indicators alone.

>>54002417
https://www.youtube.com/watch?v=KnoGI4DR-vI

Stoch RSI chads stay winning

Up over 2000% leverage trading on gains.trade with the RSI on the 1, 5, and 15 minute chart today.

>>54002861
>traders should be aware of the limitations of technical analysis
yes, that its useless and you might as well use astrology to determine your trades

>>54002417
Zoom out

>>54002948
g-g-gulp
hes here

>>54002417
This is the 1M.
How do we solve this, Anon?

>>54002948
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA THE NEXT 3 MONTHS WE REACH 12K AND THEN SPEND 3 MONHTS THERE

>>54002969
Bullish
verification not sneeded

>>54002417
>YOU WERE WARNED
Congratulations on guessing right.

>>54002417
Thanks for warning me about the lagging indicator.

>>54002417
You were totally right.

But what happens now?
The Daily is now oversold again

>>54002726
Tldr for monke
Daily rsi is at bottom = time to buy (long)
Meanwhile weekly rsi is at Top = time to sell (short)
That means weekly beat daily
In short, you gain(small) on daily but on weekly you lost (bigly)

>>54002643
You use the regular RSI to time extrema. Stoch tells you which direction it’s going to swing.

>>54002726
https://www.youtube.com/watch?v=JsIgubUjTck
secrets of the universe

>>54002723
>>54002740
Where's the edit with the hyper Bart and negative hyper Bart? That one always gets me.

>>54003446
And that's exactly what happened to me.

>>54003446
But monthly RSI is also at bottom.
Why doesn't Monthly beat Weekly?

>>54003687
for every play there is a counterplay

>market prices in realization of 50 bps hike
>it's muh indicators

>>54003747
What Powell bloviates to the normies publicly doesn't matter to the (((markets))) one iota.

>>54003790
it obviously does but keep coping

>>54003800
There's going to be a massive pump, then 3 months afterwards Retail will be informed publicly that Powell has decided to pivot afterall.

His shit is all fake news and pre-emptively acted upon by elites.

I made $80 on my short tyvm

>>54003933
Good job anon.
I am physically incapable of shorting

>>54002417
>all the Bobos who ignored that ended up eating shit

No, we didnt. That was an obvious mechnical bullshit short squeeze run. I never covered.

>>54002417
oh wauw ur schizo memelines lined up with reality for once by accident. TA niggers are cringe they are worse than people believing in Tarot cards being read by gypsies

>>54003687
That's where the fundamentals come in.
jews shenanigans always dragging goyim to the depth of hell
Even tho Asia is now prepping for entering crypto
With jews you lose

>1 post by this id
>OP warned everyone about a 7% down on a Thursday
>OP missed the 60% crater from the SIVB

show us how much money you made on the moves today OP

>>54002452
>>54003390
Obviously it's going to dump a lot more; see the 1W. However first it will inevitably pump a bit (before the dumping resumes); see the 1D, so another bulltrap is likely. I estimate the dumping is basically over for now; it could dump a little bit more, but if it does it probably won't go below 19k. Either way that doesn't make any difference in the longer term.

>>54002643
>stay at 100 for weeks
Not actually checking the chart are you? How typical. You copers never check the chart. It's like you don't even know how to. The pic in the OP is from Feb 12th. Picrel is what it looks like right now on the 1W; it's been thoroughly knocked down from the top area.

>>54002969
On the 1M BTCUSD is bullish and it's not only the Stoch RSI that makes BTCUSD look bullish on the 1M. But that doesn't change the fact the situation on the 1W is very bearish. Judging by how the 1M Stoch RSI looked in the past after the previous major bear markets it looks like this is the same situation, however the 1M Stoch RSI could certainly turn around and begin going down again. But the price can easily dump to lets say 13k without the 1M Stoch RSI going down -- see for example what happened in 2015, back then the price had already "bottomed" at 166.45 in January but then it dumped to 162 in August, and the 1M Stoch RSI then didn't change much, only the blue line went down a tiny bit. It's the 1M after all, so any fast big movements on the lower timeframes like 1W and 1D followed by a subsequent fast big reversal won't effect the 1M much or any. However if the 1W Stoch RSI bottoms out, or by the time it's under 15 points or so, then the 1M probably will look at least a little bit different from how it looks now. And certainly with this pace, with things moving this slowly.

>>54004226
>crying about TA
How underwater are your longs?

>>54002417
>1W Stoch RSI
Thanks StochNiggas. I've learned alot from you. I still fuck up, but at least I no longer get assblasted non-consensually by red candles.

>>54005966
Yeah Stochniggers at least taught me that it was a mistake to ignore them completely.

>>54005966
Stoch can be a good indicator at times, but let's not forget bobos got rekt when the 1D Stoch maxed out at 17k yet we still pumped to 23k anyway.

>>54004773
>the 1D looks bullish
>the 1W looks bearish
>the 1M looks bullish
>but the only one that matters is the 1W because... it just does OKAY
?

>>54006381
Seriously.
I literally don't even know what to do right now.

>>54006381
Whats the 1y look like

>>54002417
>Stoch RSI
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO youdonteven know how that shit WORKS LOMAOOOOOOOOOOOOOOOOOOOOOOOOOOLOLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>54006381
Low IQ detected.

>>54006710
Not an argument. I accept your concession.

>>54004773
Shut the fuck up you essay writing faggot and your gay ass lines, say your predictions, save the post, and fuck off. Come back and brag, or wait til I post your bullshit when youre wrong

>>54006968
Shut the fuck up.

>>54002417
I tried to long the relief and short afterward but wow I never thought it just drop without any pump.