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/biz/ - Business & Finance

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5319959 No.5319959 [Reply] [Original]

>sell when RSI is up
>buy when RSI is down

Please explain how someone is losing money in this market

>> No.5320029

lost 60% in the last 4 days

>> No.5320039

The fuck is rsi

>> No.5320081

>>5320039
>>5319959
You are both newfags. RSI is only reliable during low-volatility market periods

>> No.5320082

>>5320039

irs.gov

get out of here normie

>> No.5320190

>>5319959
>buy when rsi is down
>price keeps going down
>rsi finally goes up
>it's below your buy price
Too bad your indicator doens't tell you when it's wrong.

>> No.5320437

>>5320190
>This
Fucking crypto is so fucking crazy that RSI can be a flat line in oversold and overbought.

>> No.5320673

Nah man, fuck RSI. I get the slope and intercept of the last 21 days, and take a standard deviation of the residuals of where those days were projected to be. I then take that standard deviation to get a z-score of where the price currently is against where it's predicted to be. If we're more than 2.5 of those Stdevs below projection, I know we're bottoming out and we have a buying opportunity. Otherwise the name of the game is HOLD.

By the way, we're probably going to hit 18600 in the next ten days. Hope you suckers bought in while we were offering bitcoin at a discount.

>> No.5320753

>rsi for bitcoins literally stays above 70 for weeks and even at 100 for 5 days
>miss 300% profit

nice

>> No.5320798

>>5320753
>Not using the century long RSI time period for buttcoin

>> No.5320855

Not sure if trolls or just that fucking stupid. It's astonishing

>> No.5320922

>positive news
>RSI spikes
>retard OP sells
>pink wojacks

>> No.5320996
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5320996

>>5319959
>>sell when RSI is up
>>buy when RSI is down
What do when IRS is at the door?

>> No.5321031
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5321031

>>5319959
bad idea. easily backtested. rsi is only short term indicator, which would mean you will lose your shirt to spread and slippage in long run

>> No.5321049

>>5320190
Use stochastic RSI

>> No.5321096

on what time frame does (stoch) rsi work best in crypto?

>> No.5321124

>>5321096
1min - 5 min candles.

I'm not kidding.