/biz/ - Business & Finance

>>52621822
Picrel. It's pretty close now.

>>52621822
RSI doesn’t work for predictions

>>52621857

Stop posting this shit every couple hours faggot

>>52621857
So why does the price always go down after the Stoch RSI is stopped and go up after the Stoch RSI is bottomed? Ah yes, that's because of how Stoch RSI works; due to its inherent nature; because it's a visual representation of the will of the market - when the market wants to sell more than buy, the Stoch RSI and the price goes down, and when the market wants to buy more than sell, the Stoch RSI and the price goes up.

Picrel is from June 16th, showing the hourlies. Dumped from $22800 (after fully topping) down to and below $20k following this Stoch RSI topping. You'll notice on the 1H when it micro-pumped to $24k that even there the Stoch RSI rose from the bottom to the top - because of course it did. "B-b-but why wasn't the price difference during that pump there from-the-Stoch-RSI-bottom as great as the price difference when the Stoch RSI went down as the price dumped $28k? Why didn't it pump as much as it dumped?" the brainlet ponders. That's because of the bear market. In a bull market the opposite happens. Also, learn what the letter R in Stoch RSI means.

Original thread for the pic: https://archived.moe/biz/thread/49688128/
Follow-up post with updated screenshot: >>/biz/thread/49688128#p49696212
Follow-up thread: https://archived.moe/biz/thread/49724286/
One of countless "I told you so" moments where Stoch RSI chads, smug and comfy, triumphs yet again - while the brainlets cry and cope, as always.

>>52622185
so why people don't just code some bot and retire forever?
geeeee i really wonder why

>CHECK the 1D Stoch RSI

>>52621822
That's cool, guess I'll just save my money so I can buy the 10k dip.

>>52622464
Check the 2 Day RSI

>>52622420
Because the R in Stoch RSI stands for Relative.

Oh look its the stoch rsi man again
And every time his calls fail and he becomes poorer and poorer

>>52622464
>>52622585
Check the Monthly.

>>52622185
its a lagging indicator. do you know what lagging means?
>oh shit history books are psychic bro
stay poor

>>52623359
One of the posts linked in the very post you responded to contained one of your kind (a "lagging indicator" brainlet-coper): https://archived.moe/biz/thread/49724286/#49727395
You baggies ALWAYS use the "muh lagging indicator" cope and ALWAYS proceed to turn pink; over and over again. Beautiful.

>>52623359
Carry on, masochists. Never stop providing this sort of entertainment.

>>52623706
I'm saving this

>>52623706
>using rsi in the middle of total luna/celsius/3ac meltdown
your IQ is single digit, no other explanation

>>52623748
Ah, the "muh events, muh happenings" excuse.
Similar to the
> "noo, you can't have a support line touch the candlewick of the """covid dump""" in 2020! you totally gotta disregard that entire dump,... so that... so that... so that we can put the bottom support line much higher up on a zoomed out chart, in to raise the bottom in the future!

>>52623706
>>52623732

>>52622185
>Typing all of this and still being wrong

When the price goes up, the RSI follows. When the price goes down, the RSI follows. Why is this so hard to understand?

>>52623962
>being wrong
You'll seethe all the way to the bottom.
>When the price goes up, the RSI follows. When the price goes down, the RSI follows.
Duh. And where does the Stoch RSI go after topping out and bottoming out? That's right.
You're agreeing with him and backing him up, without realizing it - which makes it seem like your brain is switched off, which is the case for most of the anons raging against Stoch RSI, as they seem unable to understand what they're looking at, failing to understand what the Stoch RSI users are saying, and even failing to comprehend what they're themselves saying - as in your case, where you unintentionally rekted yourself.

>When the price goes up, the RSI follows. When the price goes down, the RSI follows.
And the reason that happens is because, as he said:
>Because of how Stoch RSI works; due to its inherent nature; because it's a visual representation of the will of the market - when the market wants to sell more than buy, the Stoch RSI and the price goes down, and when the market wants to buy more than sell, the Stoch RSI and the price goes up.

There's nothing more pathetic than people who can't into Stoch RSI, and instead cry about it.
Picrel is Stoch RSI in bull market mode.
Simply use the Stoch RSI according to whether we're in a bull market or bear market, treat it accordingly and trade accordingly, and think logically, and then you have one of the most powerful indicators in existence and oftentimes the only one you need.

But alas, that's too difficult for most people. Especially for topbuying bagholders in a bear market, since they can't think straight due to their bags clouding their judgement and their feelings interfering with their thought processes.

>>52621857
>>52621976
>>52622420
>>52623144
>>52623359
>>52623748
>>52623962
So much crying and coping, as usual. And yet here we are again: the Stoch RSI is basically topped and BTC is about to dump, and will do so with zero regards for your opinions and feelings. Funny how it always works out like that.

>>52624390
Low iq people will always bitch

What price should I buy in at? Not buying bitfuck btw. I have 2k cash waiting on sidelines maybe 5k next month

>>52624390
literally less profitable than buy and hold
rsi will make you lose the over-extended pump and dumps where majority of the big candles happen, cause you will look at the crosses and take action too early, and doing rsi on charts that already happened is literally winning the powerball in hindsight, it doesn't work that way
i tried months of backtesting with different rsi, and the best one is laguerre rsi, and even in that case you can get fucked quite easily, or be mislead with overfitting and get rekt the year after, and your strategy works until it doesn't
so basically you are wasting tons of time and effort, and if you are lucky if you can get the same return of a well timed basic buy and hold strategy
going all in at the bottom or near-bottom (like NOW, after luna/ust/celsius/ftx collapse) and waiting 3 years is a lot more profitable than swinging like a moron for the next 3 years
meanwhile like >>52625227
>the Stoch RSI is basically topped and BTC is about to dump
you are still swinging like morons at the very bottom

>>52624390
Alright you won me over

>not zooming out
ngmi

>>52625673
>if you trade like a retard and if you don't sell at 100 points, and instead trade how I painted here, then you'll lose money... this proves Stoch RSI is bad!
Cute strawman.

>backtesting Stoch RSI to claim Stoch RSI doesn't work
You have to be a pretty special kind of retard to think you can backtest Stoch RSI (or regular RSI for that matter) and get any meaningful results. The reason programmed trades (a backtest) always gets you rekt is because Stoch RSI requires a human intellect and market awareness and the R stands for Relative, which is what a programmed trade is incapable of understanding as its not a human and just buys and sells blindly without taking into consideration whether it's a bull market or bear market etc (which changes how Stoch RSI behaves; ie during bear markets it can linger for a long time on the bottom and during bull markets it can stay topped for a while).

>literally less profitable than buy and hold
Translation: "I'm low IQ and only capable of hoddling like a dumb plebbitor, therefore I desperately want le epic HODL to be superior, even in face of the obvious and undeniable reality of the superiority of Buy High Sell Low (which Stoch RSI among other things makes easy). So I'm just going to close my eyes to reality and pretend it doesn't existed, even after I got totally BTFO'd beyond any hope of recovery."
Pathetic.

>>52625673
>if you trade like a retard and if you don't sell at 100 points, and instead trade how I painted here, then you'll lose money... this proves Stoch RSI is bad!
Cute strawman.

>backtesting Stoch RSI to claim Stoch RSI doesn't work
You have to be a pretty special kind of retard to think you can backtest Stoch RSI (or regular RSI for that matter) and get any meaningful results. The reason programmed trades (a backtest) always gets you rekt is because Stoch RSI requires a human intellect and market awareness and the R stands for Relative, which is what a programmed trade is incapable of understanding as its not a human and just buys and sells blindly without taking into consideration whether it's a bull market or bear market etc (which changes how Stoch RSI behaves; ie during bear markets it can linger for a long time on the bottom and during bull markets it can stay topped for a while).

>literally less profitable than buy and hold
Translation: "I'm low IQ and only capable of hoddling like a dumb plebbitor, therefore I desperately want le epic HODL to be superior, even in face of the obvious and undeniable reality of the superiority of Sell High Buy Low (which Stoch RSI among other things makes easy). So I'm just going to close my eyes to reality and pretend it doesn't existed, even after I got totally BTFO'd beyond any hope of recovery."
Pathetic.

>>52625673
> ~16k is the very bottom
See this screenshot of the 1-Month chart: >>52623289
>inb4 b-b-but the monthly Stoch RSI is below 10, that means the price can't dump a lot r-r-right? it's like totally bottomed out and stuff r-r-right?
Sorry newfag, but the market dumped BTC in May from $40k to $17.6k in June which was a dump of $22.4k. And THAT was from a Stoch RSI point level of 4.8 to 0. In other words it already looked pretty much "bottomed out", yet over the course of just 4.8 points the market dumped the price by $22.4k.

So the market has demonstrated it can easily dump BTC roughly $8k from here, over the course of the remaining Stoch RSI points.

Now I don't know about you, but I'd much rather buy my alts with BTC below $10k than when it's at $16.5k. A 50% or so discount on BTC might not be that much, and you might not care about that, but many alts will lose more than 50% of their value with the BTC price cut in half. That's just how it works.

>>52626279
R in RSI does NOT stand for human intellect
algorithms or machine learning can do definitely better than humans if RSI is all you are looking at, while ignoring macro events
>>52626467
>So the market has demonstrated it can easily dump BTC roughly $8k from here, over the course of the remaining Stoch RSI points.
the only way BTC goes to 8k is DCG/GrayScale going bust, some major exchange collapsing or VIX exploding and S&P nuking, not muh RSI
if no further macro meltdown happens this is the bottom
if macro meltdown happens, it can go to 8k and it's not gonna be the fucking RSI
fucking moron

>>52626546
It stands for Relative, idiot. Holy shit you can't even understand English.

And once again you misrepresent what anons are saying. First you painted this garbage: >>52625673 which isn't how >>52624390 said you should trade, at all. Then you claim >>52626279 said the "R stands for human intellect" when he clearly said it stands for Relative.

>>52621828
Looks like it's beginning.

>>52621822
Thanks for the warning anon, your arguments are very compelling and backed up by good data.
I will however continue to hold and adjust my stop-losses while things are pumping, so even in the event of a dump I will maintain my profits thus far.

>>52627353
The Despair dump will be so comfy.

I don't understand why baggies think crying and whining over Stoch RSI and attacking it and portraying it as bad and evil will cause the price to not go down. Their crying never once had any effect. They cry, and the dump happens anyway. Again and again and again. They should've learned by now.

>>52627353
Yes, the 1D Stoch RSI looks like it's rolling over, and while certainly it can dump from the ~95 that it reached, keep in mind it didn't go to 100 so a small scampump is possible. I'm sort of expecting one, as the Stoch RSI is low-ish on the hourly timeframes which indicates the possibility of a bit more crabbing and a micro-pump first before the dump. Won't make any difference though (the coming dump will be bigger than any pump prior to it).

>>52624390
This has to be to biggest spoonfeed of all time.

>>52622420
Anon, you should really be trying to learn from these guys.

>>52630590
I have nothing to learn from morons that use 1D Stoch RSI to swing trade noise, literally mouth breathing brainlets blatantly samefagging on biz cause they will come up shortly after with some paid group signal
I’m not a tourist, I know how those things work
Swing trading can make you some money, but I guarantee you that you are not going to make more money than using much simpler strategies that do not require you to stare at a monitor like a fish in a tank stares at a rock, and I guarantee you are going to miss all the big moves that are event driven
To not miss the big moves you need to be in the market as much as possible, not enter and exit every 2 minutes like a retard
Majority of gains happen in 7 days out of 365
You miss those 7 days and there is no RSI strategy that you can use for one entire year that can make up for that move