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/biz/ - Business & Finance


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File: 37 KB, 888x777, 1W Stoch RSI Apr 13th.png [View same] [iqdb] [saucenao] [google]
55087705 No.55087705 [Reply] [Original]

Imagine FOMOing in between 30k and 31k. Seeing picrel in mid April. Choosing to ignore it (because you're low IQ) and to not secure your funds (because "but I bought so the market must respect my feelings and pump!"). Coping with "noo, it's totally gonna stay at 100!" and using the "muh lagging indicator" cope. And then: reality hits you. Then you endlessly cry and seethe on /biz/ instead of admitting to yourself you fucked up.

Seething baggies, I summon thee!

>> No.55087733

>>55087705
you're a fucking retard if you think it's possible to know what the market is going to do by looking at a chart

>> No.55087749

>>55087733
if you're so not retarded then why don't you counter trade retards? turns out you're fucking retarded

>> No.55087822

I don't understand why I even come on this board anymore

>> No.55087848

imagine creating this thread for validation because you noticed bitcoin stopped going down and now you're nervous your shorts will get run. Cringe af

>> No.55087880

>>55087705
You're going to rope a month from now after the giant god candle in June to 40k+

>> No.55087899

>>55087705
This board fucking sucks. I'm going back to /b/

>> No.55088053

>>55087733
Uh yeah you can. And Stochastic RSI in particular is a very good indicator as it's literally a direct graphical illustration of the current state of the market. If you see something like OP's pic then you know the price will fall. You can't know how much it will dump or when it will dump, nor if it will pump a little bit more first, but you know it will dump (and if it pumps a bit first then you know that pump will be much smaller than the incoming dump). Same deal in reverse, if it was bottomed instead of topped; then you know it's going to pump.

>> No.55088116

>>55087705
RSI nigger you said we were going to be at low 20k by now but Bitcoin is still above 26k... Can you check the RSI for me??

>> No.55088184

>>55088053
You’re fucking retarded. No wonder you’re poor.

>> No.55088227

>>55088053
uh yeah it will fall guaranteed because if fucking always falls eventually. Nothing just goes up forever. But the Stoch RSI is kind of a meme because they can keep it up there, maxed to 100 if they feel like while continuing to pump it, and when they eventually dump it what was 100 when you opened it is not the bottom of the dump

>> No.55088250

>>55088116
Oh no, he was wrong by a few weeks. It's over, the RSI chad has been invalidated!

>> No.55088265

>>55088250
this but unironically

>> No.55088414
File: 20 KB, 350x420, 1597536845303.jpg [View same] [iqdb] [saucenao] [google]
55088414

>>55087705
Just imagine being a nocoiner Bear incel and thinking Nov-22 wasn't the bottom...

>> No.55088687
File: 103 KB, 1582x786, DXY.png [View same] [iqdb] [saucenao] [google]
55088687

long on US dollar. if you have not exited all your stock and crypto positions, i dunno what to tell you.

>> No.55088733

>>55088687
>long on us dollar
Nigga they print them shits daily out of thin air lmfao

>> No.55088821
File: 83 KB, 1074x870, 9361062.jpg [View same] [iqdb] [saucenao] [google]
55088821

>>55087705
here we fucking go again, hold yourself little bastards

>> No.55088849
File: 13 KB, 531x551, Projection.png [View same] [iqdb] [saucenao] [google]
55088849

>>55087733
>you're a fucking retard
>>55088184
>You’re fucking retarded.

>> No.55089023

>>55088227
In April it was already obvious the 1W wasn't going to remain at 100 points with the bearish M-shape the market had already established. All the copers who said "but it might remain at 100 points" totally ignored this simple fact. Some posts calling this out (the shape and that it meant it wouldn't remain topped):

>>/biz/thread/S54544511#p54544596
> "Not a chance it pumps to 34k with the 1W Stoch RSI looking like it does."
> ">inb4 but a few times before during bullruns the 1W has remained topped while BTC pumped"
> "Yeah but it didn't look like it does now. The shape of it now is very different."

>>/biz/thread/S54476547
> "Not only is it extremely high (99.82 - 96.79 today), but the shape of it is bearish."
> "The 1W Stoch RSI didn't stay at 97-100 as it did during the bullrun in Nov-Dec 2020 & Jan 2021 or during the bullrun in Mar-May 2019."
> "Instead it got promptly knocked down once it touched 100 in January, then climbed back and now it looks double-toppy; a bit similar to the "M" shape over late 2021."
> "If the 1W Stoch RSI however for the first time in it's entire history after having a shape similar to what it has now were to begin to appear to remain at 97-100, that could be very bullish."
> "However as that's never happened (with a shape like this), that's extremely unlikely."
> "A significant fall in price soon looks certain (which of course doesn't mean it can't test 30k first)"

>>/biz/thread/S54633224
> ">nooo, i'm going to ignore the 1W Stoch RSI, i'm just going to hope that it stays near 100 points like it did 4 other times in BTC history.... even though those 4 times the shape of it was totally different...."
> ">muh "it'll stay at 100, while BTC gigapumps from 30k" "
> "Imagine thinking it would under these market conditions."

>> No.55089083

>>55087705
So what's the deal with 1w rsi and 1d rsi and so on? Why should I look at one as opposed to the other?

>> No.55089281

>>55089083
You should always look at both. If you only look at one timeframe with Stoch RSI, then you'll get rekt.

For instance a situation may exist where lets say the 1W is bottomed at like between 0 to 5 points but the 1D is fully topped and also the 4H is topped as well. If you only look at the 1W in that moment (correctly thinking it's bottomed so it'll go up but not checking the lower timeframes) and open long then you might get liquidated as the final dump comes on the 1D.

Another situation can be where the 1W is rising healthily and is at lets say 85 points, but you ignore that and only look at the 1D because it just hit 100 and so you short and get liquidated because the 1W is still going up (and so the overall market situation is bullish) and keeps the 1D topped for an extended period of time (the 1D often stays around 100 for more than a week in ultra bullish situations; it's much more common for the 1D to stay topped for an extended period of time than it is for the 1W which has only stayed topped a few times in Bitcoin's history).

Same with the 1M (monthly), you should of course take it into account. The 1W is still falling and will very likely fall a bit more (which means the price will go under 26k) but it might not hit 0 due to the 1M still rising and even if it hits 0 then most likely BTC will stop above 19k or so since the 1M is still looking bullish.

>> No.55089514
File: 35 KB, 947x670, photo_2020-12-16_13-13-48.jpg [View same] [iqdb] [saucenao] [google]
55089514

>>55087705
Just hodl fagget

>> No.55089647
File: 65 KB, 1007x1024, 1654083818748.jpg [View same] [iqdb] [saucenao] [google]
55089647

>>55089281
Makes sense, thanks anon

>> No.55089763

>>55087705
>oh no it’s down 15% after a 100% pump!!!!
If you didn’t buy 15500 I have nothing to say to you.

>> No.55089771

>>55087705
fucking love you op. going to long now. love seeing your posts! thank you!

>> No.55089785

>>55087899
Enjoy the threads about the guy from that band shitting in peoples mouths.

>> No.55090237
File: 27 KB, 528x390, IMG_20230515_152231_299.jpg [View same] [iqdb] [saucenao] [google]
55090237

>>55088821
I'm holding no matter what

>> No.55090412

>>55088116
RSI doesn't dictate the price idiot

>> No.55090655

>>55088053
so you are literally saying "it can go up or down", and "if it goes up then it goes down"
yeah no shit sherlock

>> No.55090982

>>55090655
No he's not, at all. Your post demonstrates total failure at reading comprehension. He's saying when you see the 1W being topped like in OP's chart then you know the price will fall significantly. You also know (unless you're a brainlet) that the 1W looking like that doesn't mean the price won't rise a little first. You also know that if it does rise a little first then that pump will be much smaller than the coming dump - since the 1W is looking like it does.

Let's break his statement down for you bit by bit, explain each part, so your mind can more easily comprehend it:
Quotes from >>55088053
>If you see something like OP's pic then you know the price will fall.
That means you know the price will go down a lot, since that's the 1W fully topped at 100 points (both the blue and orange).
>You can't know how much it will dump or when it will dump
That should be easy enough for you to understand, if you comprehend basic English.
>nor if it will pump a little bit more first
That means a tiny price movement upwards may occur BEFORE the big bigger price movement downwards. What happened? It rose to 31k from $30271: a pump of $729. What happened then? It fell to 26k (so far): a dump of $5000.
>but you know it will dump
That means you know it will dump (duh), since the 1W is looking like it does.
>and you know if it pumps a bit first then you know that pump will be much smaller than the incoming dump
That means you know a price movement upwards may occur BEFORE the price movement downwards. And since you know the later price movement downwards will be bigger than any potential price movement upwards, you know that if an upwards movement occurs it's much smaller than the later downward movement (in this case $729 up vs $5000 down so far)

>> No.55091025
File: 151 KB, 610x590, 1660233181146861.png [View same] [iqdb] [saucenao] [google]
55091025

>>55088116
Proof? Link to any Stoch RSI thread where the Stoch-RSI-using-OP is saying BTC will dump to low 20k range by late May.

>> No.55091063
File: 52 KB, 844x818, stochrsi.png [View same] [iqdb] [saucenao] [google]
55091063

>>55088053
It means it might fall. Back in 2020-21 the RSI was maxed out at 100 for 4 months while BTC went from $14000 to about 40000.

>> No.55091283

>>55088053
what about bull markets when the indicator keeps staying overbought?

>> No.55091310
File: 703 KB, 1852x1689, IMG_20230525_192009.jpg [View same] [iqdb] [saucenao] [google]
55091310

>>55087733
lmao literally just add a few lines

>> No.55091423

This thread strangely educational for me. Where did you guys learn about this?

>> No.55091554
File: 78 KB, 717x898, 8934856.jpg [View same] [iqdb] [saucenao] [google]
55091554

>>55087705
It's amazing how BTC holders are the ones who seem to have the least experience in the entire crypto ecosystem. Hold. That's all I can say.

>> No.55091565
File: 206 KB, 900x873, 1683940418588744.jpg [View same] [iqdb] [saucenao] [google]
55091565

He's not wrong..

Weekly STOCH RSI top
>30kish

Weekly STOCH RSI current (near bottom)
>25-26k

Idk why do you dorks hate it?

>> No.55092706
File: 114 KB, 1273x1280, 1683921229450773.jpg [View same] [iqdb] [saucenao] [google]
55092706

so, the solution is more fomo? so smart anon

>> No.55093870

>>55090982
yeah, to sum it up, LITERALLY saying it can either go up or down
if it goes up then it goes down
if it goes down then it goes up
no shit sherlock

>> No.55093923

>>55092706
avax is a literal shitcoin that supports trannys nice try paid shills/bag holders

>> No.55093997

>>55093870
That's the thing, no one really knows where the market is heading to and that's why instead of listening to what others think about the market, I'll keep DCAing and keep the majority of my pf in stables which will be staked on SpoolFi so that I can have enough liquidity to buy when the market finally starts shooting up

>> No.55094022
File: 2.93 MB, 576x1024, 1676047819484915.webm [View same] [iqdb] [saucenao] [google]
55094022

>Stoch RSI

>> No.55094153

>>55093997
That's a good project, though I'm not staking stablecoins on it but I'm holding its token because I know that it has great potential

>> No.55094924

>>55091554
They're smart for holding onto a long-term bag instead of wasting time with useless memecoins. I'm not sleeping on those low caps with real use-cases like HBAR, MNI, GEEQ, RIO and CSPR. These gems have serious potential for massive gains, and I'm all in for the ride. WAGMI!

>> No.55096677

so now how you can see it went up a little, just like i predicted. My next prediction is that it will likely go down, but not before maybe going a up a little bit. You can screenshot this, i'll make sure to also make a thread when it happens. Follow me for other financial advices.

>> No.55097837

>>55091063
so don't follow Stoch rsi during bull markets?

>> No.55098093

>>55094924
Anon, good holdings there. I see Sylo's partnership with Flufworld and the Futureverse makes it critical to the open Metaverse and worth the long term hold

>> No.55100320

>>55093923
>ETH holder probably

>> No.55100399

>>55094924
Nice hodl summerfag , but I’m loving the new UTK 2.0 tokenomics,
cashback, Staking, and it premium features, with it buy & burn mechanism that reduces the supply with every transaction,

>> No.55100405

>>55087705
imagine staying out of the market for months because the 1w stoch.. pfft rsi is high

>> No.55100672 [DELETED] 

>>55093870
>yeah, to sum it up, LITERALLY saying it can either go up or down
100% wrong. He said the EXACT opposite of that.

Your post demonstrates total failure at reading comprehension. He's saying when you see the 1W being topped like in OP's chart then you know the price will fall significantly. You also know (unless you're a brainlet) that the 1W looking like that doesn't mean the price won't rise a little first. You also know that if it does rise a little first then that pump will be much smaller than the coming dump - since the 1W is looking like it does.

Let's break his statement down for you bit by bit, explain each part, so your mind can more easily comprehend it:
Quotes from >>55088053 (You)
>If you see something like OP's pic then you know the price will fall.
That means you know the price will go down a lot, since that's the 1W fully topped at 100 points (both the blue and orange).
>You can't know how much it will dump or when it will dump
That should be easy enough for you to understand, if you comprehend basic English.
>nor if it will pump a little bit more first
That means a tiny price movement upwards may occur BEFORE the big bigger price movement downwards. What happened? It rose to 31k from $30271: a pump of $729. What happened then? It fell to 26k (so far): a dump of $5000.
>but you know it will dump
That means you know it will dump (duh), since the 1W is looking like it does.
>and you know if it pumps a bit first then you know that pump will be much smaller than the incoming dump
That means you know a price movement upwards may occur BEFORE the price movement downwards. And since you know the later price movement downwards will be bigger than any potential price movement upwards, you know that if an upwards movement occurs it's much smaller than the later downward movement (in this case $729 up vs $5000 down so far)

>> No.55100694

>>55093870
>yeah, to sum it up, LITERALLY saying it can either go up or down
100% wrong. He said the EXACT opposite of that.

Your post demonstrates total failure at reading comprehension. He's saying when you see the 1W being topped like in OP's chart then you know the price will fall significantly. You also know (unless you're a brainlet) that the 1W looking like that doesn't mean the price won't rise a little first. You also know that if it does rise a little first then that pump will be much smaller than the coming dump - since the 1W is looking like it does.

Let's break his statement down for you bit by bit, explain each part, so your mind can more easily comprehend it:
Quotes from >>55088053
>If you see something like OP's pic then you know the price will fall.
That means you know the price will go down a lot, since that's the 1W fully topped at 100 points (both the blue and orange).
>You can't know how much it will dump or when it will dump
That should be easy enough for you to understand, if you comprehend basic English.
>nor if it will pump a little bit more first
That means a tiny price movement upwards may occur BEFORE the big bigger price movement downwards. What happened? It rose to 31k from $30271: a pump of $729. What happened then? It fell to 26k (so far): a dump of $5000.
>but you know it will dump
That means you know it will dump (duh), since the 1W is looking like it does.
>and you know if it pumps a bit first then you know that pump will be much smaller than the incoming dump
That means you know a price movement upwards may occur BEFORE the price movement downwards. And since you know the later price movement downwards will be bigger than any potential price movement upwards, you know that if an upwards movement occurs it's much smaller than the later downward movement (in this case $729 up vs $5000 down so far)

>> No.55100697

>>55093923
Nice try Rajeesh. Getting paid to spread FUD must be nice

>> No.55100737

>>55100694
yeah, as i said, he's literally saying that it could go down, but it could go up a little
the rest is just copy pasted, i've already answered.
Check out this dope prediction: >>55096677
Literally the same thing the stoch rsi is saying, at least according to those posts

>> No.55100777

>>55100737
>he's literally saying that it could go down

Your post demonstrates total failure at reading comprehension. He's saying when you see the 1W being topped like in OP's chart then you know the price will fall significantly. You also know (unless you're a brainlet) that the 1W looking like that doesn't mean the price won't rise a little first. You also know that if it does rise a little first then that pump will be much smaller than the coming dump - since the 1W is looking like it does.

Let's break his statement down for you bit by bit, explain each part, so your mind can more easily comprehend it:
Quotes from >>55088053
>If you see something like OP's pic then you know the price will fall.
That means you know the price will go down a lot, since that's the 1W fully topped at 100 points (both the blue and orange).
>You can't know how much it will dump or when it will dump
That should be easy enough for you to understand, if you comprehend basic English.
>nor if it will pump a little bit more first
That means a tiny price movement upwards may occur BEFORE the big bigger price movement downwards. What happened? It rose to 31k from $30271: a pump of $729. What happened then? It fell to 26k (so far): a dump of $5000.
>but you know it will dump
That means you know it will dump (duh), since the 1W is looking like it does.
>and you know if it pumps a bit first then you know that pump will be much smaller than the incoming dump
That means you know a price movement upwards may occur BEFORE the price movement downwards. And since you know the later price movement downwards will be bigger than any potential price movement upwards, you know that if an upwards movement occurs it's much smaller than the later downward movement (in this case $729 up vs $5000 down so far)

>> No.55100798
File: 66 KB, 728x823, OLNblhxq.jpg [View same] [iqdb] [saucenao] [google]
55100798

>>55090655
>>55093870
>>55100737
>Anon posts a chart clearly showing the price WILL fall a lot
>(You): "th-this totally means OP is saying it can't go up 0.5% first!!!!!111"
>(You): "a-and if it goes up 0.5% first then th-that means anon's chart is meaningless!!! ghuuuuguhhjhuhuhdhurrdurrrh..."
Peak retardation. You actually are mentally handicapped.

>> No.55100967

>>55090655
>>55093870
>>55100737
You're coping unbelievably hard. The original OP who posted the 1W Stoch RSI chart on April 13th was correct (obviously). Here's the original thread from April 13th: https://archived.moe/biz/thread/54579710/ <--- It has already dumped 5k since then. And here's that original OP saying the shape was profoundly bearish (hence why it wouldn't stay at 100): https://archived.moe/biz/thread/54579710/#54580739 <--- Again, that OP was right. The coping baggies were saying it would absolutely stay at 100 (as the 1W has done 3 or 4 times before but those times it looked totally different, which they willfully ignored – to their own detriment).

>> No.55101347

>>55100777
checked, that guy has nigger tier IQ

>> No.55102650

>>55087705
>Seething baggies, I summon thee!
I love how they always show up in threads like these and loudly broadcast to everyone what they are and how low their intelligence is. They just can't stop themselves. It's like they're some sort of masochists who enjoy getting humiliated and degraded.

>> No.55103338 [DELETED] 

>>55087705
BTC holders seem to be living on the verge of a heart attack. Geez... All that to end up broke anyway.

>> No.55103530

>>55091063
>might fall
Wrong. It meant the price was guaranteed to fall and not keep pumping. The few times in Bitcoin's history when the weekly Stoch RSI stayed maxed out and BTC just kept pumping, it didn't have that bearish shape at all. The example you posted for instance: it didn't look like that at all this time. The bearish shape on the weekly Stoch RSI -- already clearly visible in April -- was a dead giveaway that BTC wouldn't keep pumping with the weekly Stoch RSI maxed out.

See this post: >>55089023 (posted before your post, you should've read it so you didn't embarrass yourself) and also see https://archived.moe/biz/thread/54579710/#54580739

>> No.55103536

>>55087705
so what's the indicator at right now

>> No.55103543

>>55091063
>maxed out at 100 for 4 months
Actually more like near 100 (between 95 and 100) for roughly 49 to 56 days, according to the Measure tool.

>> No.55103546

>>55103536
18.85--31.43

>> No.55103552
File: 846 KB, 981x981, 1684512784003246.png [View same] [iqdb] [saucenao] [google]
55103552

>>55091025
That's some fucken work there. I simply acted in the dip when BTC was 16k and added some privacy tokens SYLO and DASH. Will just have to keep waiting till the bulls return. No need to panic.

>> No.55103558
File: 377 KB, 960x1440, MV5BM2M3YWRkN2MtZDg5OC00NmRmLTliNzctMTBkZjQzZTlkYmQ0XkEyXkFqcGdeQXVyNjE5MjUyOTM@._V1_.jpg [View same] [iqdb] [saucenao] [google]
55103558

>>55087705
I bought for 30,600. 25k worth

>> No.55103563

just lol at the morons in this thread thinking technical analysis is useless if it isn't a perfect prediction tool

>> No.55103613 [DELETED] 
File: 1.52 MB, 2068x3248, 1659214822667119.png [View same] [iqdb] [saucenao] [google]
55103613

guys the proper way to use indicators is to put it 3 times with a slow, medium and fast period
then you act on divergences and OS and OB levels as usual

use also 2 timeframes

I added the 4h TF on the pic because people like it, but i think it's a shitty tf for pretty much any asset, forex, shitcoins, stocks whatever.

Anyway, there is upward momentum on the daily, but the downward momentum is not extinguished.

DOnt forget the indicator doesnt tell you where the price will end, so you can close a selling position when the downward momentum is killed, but it doesnt mean the price will be at bottom.
So you always have to compare
-the evolution of the price
with
-the evolution of the indicator
and with the triple fast/medium/slow period indicators, you have to compare the indicator between itself too

Lastly dont forget that price fluctuates, so you always have a fake counter trend at least on the fast indicator.
Sometimes the price wont even move that much and the medium and slow indicator will only a show tiny pump. so you know it's fake and you have to wait for a new bottom in price and medium/slow indicator.


Concerning BTC, there is no reason to close the sell position from the local top in the yellow circle. The fast and medium stochris are flushed already on the daily, that's nice a flush on the slow daily would be way better, or at least hanging around level 20.

Since the price is in the middle of 2 consolidation ranges, opening a position right now is stupid and you have to wait for a flush on the slow daily to have a clear picture, or even better, a divergence, ie a double bottom on the oscillator.
However the 2 flushes on the daily means there may be a a counter rise and you have to gauge how genuine it is, gain by comparing the price to the 3 momentums

>> No.55103658

>>55103563
I especially like the faggot who coped by implying the OP chart was meaningless and meant "it can go up down" when it's obviously telling us it's about to go down a lot more than up, and coped that a dump of $5000 is meaningless because BTC went up by $700 first, and that the micro-pump of $700 meant the 1W Stoch RSI wasn't correct in "predicting" the big dump, and that buying in above 30k totally wasn't bad timing.

>> No.55104010

>>55098093
its becoming one of the most active platforms for NFT adoption with a number of features that make it ideal for NFT storage.

>> No.55104285

these meme charts are a trap for retards. you dont need them. i have 8 figs in stocks and crypto and i dont know what the fuck rsi means.

>> No.55104295

>>55088116
Reason why I don't take advice from the Jews, better stick so an AI-powered platform to pick assets that are trending with the potential to moon in the next bull run.

>> No.55104331

>>55087733
Phew checked fpbp
Made alot of midwits mad with this one

>> No.55104416

>>55088053
>Using RSI instead of Bollinger
Ngmi

>> No.55104598

>>55087705
I dont uderstand these charts well but what I know is that the Federal Reserve will announce interest rates next on June 14, 2023, at 2pm Eastern Time. And you can be sure that theses greedy fuck will rise them good.

>> No.55105277

>>55088053
If i would believe your future telling, every chart would look like a sinus function. You are dumb as fuck