/biz/ - Business & Finance

>>8692529
2014

>>8692529
2013

>>8692529
Way I see it, well be back to $11,600 in two-three weeks.

You can find something that will confirm your bias on any chart, but the weekly chart is looking horrible to me.

>>8692630
It looks fine

>he fell for it

>>8692675
In fact you could make an argument well go up faster and more violently than the other charts due to the insane descent. These charts are all scaled the same. All look like shit, 2018 looks most shit.. Which means it looks great.

>>8692597

>>8692529
Thanks anon. As another anon said, bear fags are like moon fags when BTC hit 20k and thought it was going to moon forever

RSI is a misleading af indicator, it can stay oversold for a long time while everything crashes or stay overbought for a long time while everything moons.

>>8692793
Exactly, look at the charts lol

>>8692688
I don't use fractals, all I'm saying is from the candles so far nothing is telling me reversal, Stoch can stay on oversold for a while.

>>8692597
>>8692558
>>8692529

I SEE IT BULL RUN CONFIRMED

>>8692801
2013 and 2014 bottomed out oversold for 11 candles. 2018 oversold bottomed out for 10 now. Today closes the weekly

>>8692529
Unless we get another big dip before 8pm we're going back up.

Machine learning generates POSSIBLE IMPORTANT LOW signal, but this was at the end of Friday when it bounced off the 314 day MA, now it fell below, will have to wait until after Monday for new analysis and prediction for April

Real question:
Why do you use Stoch RSI on weekly candles?

Use normal RSI and you will see a different outcome

>>8693544
bounce then down to oversold is what he means

I bought at 6600 and bought 34k REQ at 2350 sats, how fucked am I?

>>8692630
>the weekly chart is looking horrible

ISN'T THAT THE FUCKING POINT??

>>8693613
Pretty Fucked. You better short on bitmex with 10x-15x leverage if you want to make some easy money. Bitcoin = king shitcoin

>>8692837
this, though more like 8:35 according to my TA. i can see a huge rally inc

>>8693644
>not 100x leverage

pussy

>>8692793
A market can remain overbought for a long time due to increasing prices drawing in new buyers to pump the price up further.
In contrast, oversold markets tend to correct quickly - once weak hands have been shaken out, there is no one left to sell.

>>8693687
label your axes numbnuts

>>8692529
Looking at RSI I see no reason why bitcoin won't go to 3-5k. Right now we had a leading first wave diagonal so this is either an uptrend or just a ABC correction. My bet is on ABC to about 7000-7300 and then final wave down to anywhere between 4900-6000. If you caught the bottom there's no reason to close your long position until impulse wave failoure.

>>8693477
Source for this?

>>8692630
>>8692793
>>8692808
>>8693723
Mini bros know what's up. Other teams take note.

>>8694011
/our guy/ martin armstrong

https://www.armstrongeconomics.com/world-news/cryptocurrency/bitcoin-crash/

Called the high

>>8692529
PUMP IT

>>8694042
Nice. But how do I get that spreadsheet?

>>8692529
Because weekly RSI can be on the ground for two months before turning up?

>>8694456
Well that's awkw.. It has been on the ground For nearly 2 months.

>>8692529
because we don't know what those letters means

>>8694802
Retard strength index

>>8694512
check daily