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File: 8 KB, 174x581, 4H.png [View same] [iqdb] [saucenao] [google]
49726399 No.49726399 [Reply] [Original]

STOCH RSI
NEVER LIES

>> No.49726574
File: 216 KB, 1200x1248, 1648451097831.png [View same] [iqdb] [saucenao] [google]
49726574

>>49726399
Checked, uhhh uhhh UHHHH AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.49726600

What?

>> No.49726626

>>49726600
The final dumpening is happening

>> No.49726761
File: 281 KB, 1440x1244, bobo-standard-face.jpg [View same] [iqdb] [saucenao] [google]
49726761

>>49726626
It can still go even lower.

>> No.49727362

>>49726761
Waaaay lower 20k.

>> No.49727461

how do you read this indicator?

>> No.49728028

>>49727461
It goes from 0 to 100. When it's at 0-5 and begins going up, then it means the price is about to go up. Likewise if it's sitting at 95-100 then it means the price is about to go down.

It hitting 95-100 doesn't mean however that the price is immediately going to go down, only that it soon will, in fact it's a guarantee that it will. Before the price goes down it can sometimes go up a bit. But then it does go down - more than it went up while the Stoch RSI was topped. Same is true in reverse, when it gets to 0-5 it can still dump a bit more but most of the dumping is over, and it's going to go up more later than it can go down while the Stoch RSI is sitting between 0-5 -- in other words, if a coin was at $2500 and it went down to $500 and the Stochastic RSI was almost 0 then it could still dump down to $350 for example, but since the Stoch RSI was already bottomed out it means the price is going to start going up soon regardless, so after it hits $350 the coin will begin pumping and pump a lot more than the $150 difference from when it was $500 to $350.

In the OP pic the Stoch RSI is sitting at about 55-60, so it has a long way to go before it reaches 0-5. So in other words, the price will go lower than $20609 (the price when the screenshot was taken).

>> No.49728210

>>49728028
alright makes sense.
At what time frame is it better? Cause at 1h it already bottomed out. Is it better than rsi?

>> No.49728263

>>49726399
indicator lags price action

>> No.49728265

>>49728028
Any proof this bullshit is accurate? At least more so than any other voodoo shit like reading chicken bones?

>> No.49728406

>>49728210
You should check all timeframes, 1 hour and to 1 month. The 3h and 4h are far from bottoming out but the 2h and 1h already are bottomed out, so it's going to crab or pump a little bit now, before going down more. Looks like it already happened, it was at 20300 or so and now it's 20500, might go a little bit higher though.

>> No.49728459
File: 905 KB, 2544x4000, 1647972833660.jpg [View same] [iqdb] [saucenao] [google]
49728459

>>49728263
>the muh lagging indicator cope

>> No.49728517

>>49728265
All investors use it and make choices based on it. That's all the proof you need. Regardless of the mathematical or astrological principles behind it if it says it's time to pump it is time to pump.

>> No.49729378

>>49728210
>Is it better than rsi?
Yes. Moar powerful.

>> No.49729603

>>49728028
once it hits the overbought zone, does it always make its way back to the oversold zone?

>> No.49729649

>>49729603
on a large enough timescale, sure

>> No.49729674

>>49729649
would it at least always hit the mid point (50 level)?

>> No.49730419

>>49728265
It can reverse at literally any time due to manipulation