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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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11820292 No.11820292 [Reply] [Original]

Bitcoin's RSI right now is 8.
Fucking 8. Take a minute to appreciate that /biz/.
This has literally never fucking happened in the history of Bitcoin. Since Bitcoin was created in 2009, the RSI has NEVER been this low, ever. This is one of the worst bear markets for an asset class in history. Take some fucking pride. Today was the absolute worst it could possibly be. Also just bought 10 more BTC for about $44,000 or so and this is where I can brag about it.

>> No.11820314

>>11820292

I’m hoping it goes to 1000 so I can get to 21 btc and walk away from the charts

>> No.11820317

>>11820292
>bought 10 more BTC for about $44,000

2k EOW
0.5k EOM
0.002k EOY

>> No.11820339

Needs to hit sub 30 on the weekly desu.

>> No.11820344

>>11820317
based, redpilled, and capped

>> No.11820351
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11820351

>>11820292
>he's only looking at daily rsi
>he hasn't seen that the weekly isn't even close to historical lows

>> No.11820373

tfw it was my 29th birthday today. My final btc/eth buys were triggered at 5100 and 4800. Suddenly, I'm all in. Uh... shit.

>> No.11820392

>>11820292
Just wait when BTC will go even lower
Be really careful ~23 Nov

>> No.11820410

>>11820314
>i'm hoping it goes to 1000
And others are hoping for $2,000,000.
You're both equally fucking retarded.

Also
>only having $21k in 2018
HAHAHAHAHAHAHAHAHAHAHAHA holy fuck lol I hate newfags so goddamn much.

>> No.11820417

> He didn't buy at the 2800 capitulation wick

Not gonna make it anon, you're gonna panic sell your stack soon.

>> No.11820436

>>11820351
>>11820339
>doesn't know or understand how to swing trade
You're supposed to SELL when it's UP you fucking retards. It's no wonder you're poor.

>> No.11820454

>>11820417
Nice little wick just formed on 30 min candles
I honestly have no idea, im here for discussion

>> No.11820457

>>11820417
>you're gonna panic sell your stack soon
I've lost over $300k in a single day once and didn't capitulate.
I think I can handle $44k more.

>> No.11820492

>>11820392
why that date anon?

>> No.11820502
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11820502

>>11820292
>Bitcoin's RSI right now is 8.
Wat?

>> No.11820532

>>11820502
Typically, in investment circles and among professionals, when someone says RSI without a time frame it refers to the 1 Day daily RSI. Not any other timeframe you retarded hipster. You aren't edgy or funny; you're just ousting yourself as a retard who doesn't actually know how to trade yet.

>> No.11820535
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11820535

>>11820436
>neither post mentions anything about trading whatsoever
????

>> No.11820554

>>11820292
OP bought at the bottom. Absolutely based, he's going to make it.

>> No.11820593

>>11820535
Are you telling me you morons actually just buy and wait for God to rain money upon you or some shit? Yes you're supposed to buy AND sell. Fuck

>> No.11820652

>This is one of the worst bear markets for an asset class in history.

So its a confirmed bubble then

>> No.11820672

>>11820593
Neither post literally made no mention of trading whatsoever, why are you making these implications for no reason? The only thing implied by those posts is that the rsi is not at historic levels yet and there is still room to go down. Are you esl or something because I dont understand how you could have misunderstood what was said by so much.

>> No.11820691
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11820691

>>11820292
It's different with crypto, rules do not apply, that's how we got in this mess in the first place. Throw out all the old rules, crypto is a 24-7 unique asset class making its own rules.

>> No.11820736

>>11820410
Not having a lot of money has nothing to do with being a newfag. People have different situations. You could be in the market since 2011 and only have a few thousand dollars.