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/biz/ - Business & Finance

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7680016 No.7680016 [Reply] [Original]

All indicators are SCREAMING overbought, why is this still going up?

>> No.7680029
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7680029

>indicators

>> No.7680040

>indicators

>> No.7680048

whales need liquidity to close their longs at the top

>> No.7680055

fomo
Be ready for a fall
I'm staying up all night, dont wanna miss it

>> No.7680086

>>7680055
Checked. Pink wojaks ready.

>> No.7680130

>>7680016
20 fucking% in 3 days. this shit is FUCKING DELUSSIONAL

>> No.7680134

>>7680016
(((indicators)))

>> No.7680143

I just bought right now.
Should I sell?

>> No.7680153

>>7680016
Hows the weekly RSI look?

>> No.7680169
File: 112 KB, 600x800, pepeplushlookingoutofwindow.jpg [View same] [iqdb] [saucenao] [google]
7680169

>all indicators
>SCREAMING overbought

>> No.7680187

>>7680143
Wait for it to fall below 9.5k if you wanna be safe

>> No.7680190

>>7680016
>lagging indicators
>lagging

>> No.7680226

Let's turn this into a thread where we throw our wildest market conspiracy theories out.
>btc hits 12k, finally obliterating all shorts
>bitc crashes down to 3k in less than 24 hours, obliterating all longs
>Satoshi Nakamura announces that he will be showing his face to the world
>revealed to be the Bogs, finally fused into a Bog singularity
>crypto marketcap explodes to 100 trillion, but nobody in the market makes any money
>global recession that triggers the next world war
>/biz/ an hero's

>> No.7680309

>>7680130
"this is a suckers rally"

>> No.7680331

>>7680016
RSI was in the 90s for months when bitcoin was rallying from 7k to 20k. In extreme scenarios indicators don't really work

>> No.7680338

>>7680016
*ahem*
https:// twitter.com/tetherprinter/status/963792244464435200

>> No.7680359
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7680359

>>7680226
So be it.

>> No.7680375

>>7680153

~87
RSI for almost all timeframes is >~75
This is hillarious

>> No.7680385
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7680385

Because fuck you, that's why

>> No.7680438

>>7680016
I asked myself the same question when it broke 9k, I thought that it would stay there for a week atleast. Nothing makes sense, either big whales are jumping back on the train or we are about to be properly fucked

>> No.7680484

>>7680438
Market manipulation
There is probably something we don't know yet, but are about to

>> No.7680576

>>7680226
bogs spent their early bitcoin to develop a time machine
extreme volatility continues until the bogs trade up to world domination
only holders are able to survive the post-bogalypse world

>> No.7680577

I made mistake shorting, didn't I?

>> No.7680593

>overbought
You dont realize what this implies, do you?

>> No.7680599

>>7680577
perhaps not, big fucking dump just now.

>> No.7680623

>>7680593
Does it mean the opposite like Greenland?

>> No.7680716
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7680716

Why would anyone want to hold a coin which can't function as a coin? I sipmly can't understand what creates that demand.

>> No.7680718

>>7680623
No it means same like Iceland

>> No.7680954

(((indicators)))

>> No.7681133
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7681133

>>7680954
Stoch RSI and RSI is pretty good, the rest are lagging so hard

>> No.7681143

>>7680016
>TA
Lol.

>> No.7681193
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7681193

>>7680016
panic selling altcucks.

>> No.7681219

Would pumping bitconnect get normies back into the game so we can take more?

>> No.7681221

Can you screen shot the indicators? TIA

>> No.7681233

>>7680375
Can you post a picture of the graph you are looking at? My indicators have the RSI at 99

>> No.7681253

>>7681133
What about december? You conveniently didn’t circle RSI there.

>> No.7681280

>>7680016

>sold at 6k

>> No.7681391
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7681391

>>7681233

>> No.7681413
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7681413

>>7680016

"This is a suckers' rally"

So now the meme graph isn't helpful what next - is it conspiracy? Some whales shifting titanic amounts of money to shit all over little coiners so it just happens to settle at the price you want to buy?

You sure you're not just

>coping...

>> No.7681507

>>7681391
I must be missing something

>> No.7681541
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7681541

>>7681391
asdf

>> No.7681682
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7681682

>>7681253
You're right, december is a great case for RSI, Stoch RSI.
Circles=sell
Rectangles= buy
lots of trades but you would have made money following them

>> No.7681687

>>7681541
woah
i dont know whats going on, mb change to last year only?

>> No.7681736

RSI isn't some magical oracle you retards it can stay at 80 for a month like nobody's business

>> No.7681753

>>7681682
I can’t help but laugh at such a fake and hindsight analysis. Keep FUDing all you want retard. It wont save your sorts.

>> No.7681772

>>7681736
Not really, RSI is actually much more useful for bitcoin than it is for other assets. If you can't see why, well, that's your loss.

>> No.7681862

>>7681753
>Say that RSI indicators are the only decent indicators
>Get called a FUDFAG
kek
also
>Ask for december RSI
>muh hindsight analysis
Whatever you say kiddo, I'm not selling/shorting until the lines cross (they haven't yet)

>> No.7681901
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7681901

>investors

>> No.7681968
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7681968

>>7680016
>Guys i sold at 6k
>BTC sucks!!!!
>DAMN YOU CRYPTO NIGGERS!!!
>ITS A SCAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>> No.7682007

>>7681862
Do whatever you want retard. The fact that you are desperately trying to convince people of your retarded shit shows that you are not doing very well. Have fun losing money.

>> No.7682113

>>7680716
Bcash retard kill yourself. As if speculative value gives a flying fuck about utility.

>> No.7682222
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7682222

>>7682007
>The fact that you are desperately trying to convince people of your retarded shit shows that you are not doing very well. Have fun losing money.
kek why so angry?

>> No.7682442

>>7681682
Because the market was topping out we were neither in a bull or bear trend thus it works well.

We are in a bull trend from 9-12k as the market reverses from the inverse head and shoulders at the bottom. Thus everything apart from the weekly and daily is overbought. Once we see things go sideways indicators will start working again.

tl;dr Indicators don't take into account volatile market trends and BTC is very volatile.

>> No.7682591

>>7682442
I agree which is why I only use it on daily chart at a minimum, the charts I have posted have been daily charts. also I literally said
> Stoch RSI and RSI is pretty good, the rest are lagging so hard

I do think they're pretty good

>> No.7682623
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7682623

Support is at 4k, glad to be tethered.

>> No.7682652

>indicators

epic are u anonumous??

>> No.7682701
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7682701

>>7682222

Checked

>> No.7682828

>indicators

>> No.7682862
File: 42 KB, 780x439, 151001111029-bear-stocks-markets-780x439.jpg [View same] [iqdb] [saucenao] [google]
7682862

It's me, as we all know .... this cannot sustain itself
When all are comfy and celebrating, be bearish
Just like yesterday, that huge red candle that was stopped by fomo fags and bulls
Tread carefully
-Bearfag

>> No.7682908

>>7680016
Tell us the indicators, I want to learn

>> No.7682991

>>7682591
Search CM ultra RSI on trading view its pretty good.

>> No.7683222
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7683222

>>7682222
Checked! Quads of truth!

>> No.7683478

>>7680226
> our wildest market conspiracy theories
Let me explain to you how the BTC pumps work. I'll explain it so easy even a brainlet can understand.

1- A few institutional-money-people put their money in and price goes up. Usually they do it gradually and go all in after #2
2- They call their friends at the media to make the normies believe that BTC is going to moon and will be worth millions and whatever other BS.
3- The normies put their money because FOMO, believing they'll become millionaires or some shit. There is no scarcity of "overnight millionaire" stories peddled by the media.
4- Institutional money people pull out once the price has increased even more thanks to normie savings pouring in. Normies eat the difference. The catalog of /biz/ becomes pink.
5- Repeat 6-18 months later.

Moral of the story: Pumps are a hustle by some cheeky investors. When you hear about Bitcoin in TV, it is time to sell.

>> No.7683581

>>7683478
>When you hear about Bitcoin in TV
good indicator that the dump is near indeed.

>> No.7683598
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7683598

>>7680048
>liquidity

>> No.7683608

>>7683478
Agreed, this is 90% of the equation

>> No.7683676

>>7683581
Get used to hearing about crypto in tv. It's becomming part of the real world.

>> No.7683764
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7683764

>>7683478
>realizing the money to be made is at the top and bottom

it really isn't hard to use a few brain cells

>> No.7683813
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7683813

>>7683608

>> No.7683898

>>7680048
actually this, look at btcusdlongs on finex...

>> No.7683946

>>7680016
BTC is not a traditional stock. Your TA and indicators are useless

>> No.7684051

>>7683898
Longs closing, shorts opening.... FUUUCK is the end approaching after all?

>> No.7684097 [DELETED] 
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7684097

>>7684051

>> No.7684131
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7684131

>>7684097
>>7684097
>give people shit for saving thumbnails
>do it myself
fug

>> No.7684137

>>7684097
Still 2.6:1 ratio though but now I'm afraid to go to sleep...

>> No.7684173

Look at the RSI on 4hr candles, a big short is coming up.

>> No.7684177

>>7684051
why isn't the price tanking then?

>> No.7684224

>>7684177
Soon friend, soon.

>> No.7684271

>>7680716
it has mass value transfer. eg you can cashin and cash out x million and not move the market....though i think ripple is good at this but ripple is unl centralised

>> No.7684297
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7684297

>>7680029

>> No.7684323

>>7684177
see
>>7684137
It's probably going to go up for a while longer but this is worth keeping a watchful eye on.

>> No.7684342

>>7680016
Honey, haven't you learned that bitcoin doesn't give a FUCK?

>> No.7684407

>>7683222
Quads to trips, checked.

>> No.7684538

the idea being to crash it down once everyone has fomo'd in

and then bring it up once everyone has sold

everything the market does it does because market manipulators have arranged it to do so.

act like sentient minds are controlling the market and trying to trick everyone into buying and selling at innapproproate times. because thats whats going on

>> No.7684599

>>7680130
There you are FAGGOT

>> No.7684619

>>7680016
Daily and weekly look fine. Fuck off.

>> No.7684652

This. Beware anons.

>> No.7684728

>>7684599
What ? What did I do ?

>> No.7684822
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7684822

>>7684538

Been thinking the same thing but what is their CURRENT gameplan now? Can't seem to understand why they need a strong BTC unless they wanna short on everyone? What do you think will happen if it continues to grow?

>> No.7684849

>>7684538
clever boy

>> No.7685708

It bounced the SECOND I shorted

>> No.7686101
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7686101

It's not quite the same as before last dip but longs are closing pretty hard

>> No.7686141
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7686141

>>7680016
>indicators

>> No.7686202

>>7680016

I don't know why I bother listening to /biz/ see daily threads about how it won't break 9k for months.

>> No.7686276

>>7684822
now that people are starting to understand and plan around market maniplators, they may just make it look like they're luring people in to fomo before a crash, while in reality it really is going to moon. a fake fake-out. or maybe just a regular fake out. i think most people are either ignorant of market manipulators true power, or go along as if the market manipulators werent even there because how do you even plan for that. so i'm guessing we'll shoot towards 13k where even the most hardcore bear is jumping in now and then bring it down. or maybe just bring it down now, but thats too predictable, who isn't selling at 10k at least some to be safe.

i guess when they bring it down depends on when enough people have been sucked in.

>> No.7686360

>>7686276
right now there are too many people waiting for another dip. making their decision on whether to buy in or not on how the market tests this 10k level.

and so rather then make it easier on people, the market manipulators will try to make it look lkike the 10k barrier has been broken, collect all the people that fomo buy in then. and then crash it.

most of the people waiting for a dip have to give up on the dip and fomo in before the market manipulators will decide to actually go for the dip.

>> No.7686432

>>7686360
im not giving up on the dip. the last 3-5 days have been absoulute bull shit.
wish i had money to short rn shes going down...

>> No.7686473

>>7686276
>now that people are starting to understand and plan around market maniplators, they may just make it look like they're luring people in to fomo before a crash, while in reality it really is going to moon. a fake fake-out. or maybe just a regular fake out. i think most people are either ignorant of market manipulators true power, or go along as if the market manipulators werent even there because how do you even plan for that. so i'm guessing we'll shoot towards 13k where even the most hardcore bear is jumping in now and then bring it down. or maybe just bring it down now, but thats too predictable, who isn't selling at 10k at least some to be safe.

The most obvious cases are the one that ends up happening. Resistance was at 10.2k but whales slowly pump it to 10. 10k breaks normies buy it up while clearly the btcusd longs are going down on finex. And then the whales just dump, only fomo that bought up above 9.6 will suffer. others have a chance to redeem themselves within a with hours. When wallstreet said we're going short on btc, they only need to announce it so that people sell

>> No.7686657

>>7680309
this

>> No.7686850
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7686850

>>7681391
>using rsi with 2hr candles to predict a weeks worth of movement

>> No.7686881

>>7685708
I'm seriously pissed off, when I mean I shorted at the bottom I mean the LITERAL bottom, to within $5. Fucking bullshit

>> No.7687175

>>7681391
shits gunna crash to 5k sell now youve been warned.

>> No.7687374

>>7680153
Why are you asking when you can just look yourself?

>> No.7687980

>>7686473
Yup. I got some profits in fiat standing by.

>> No.7688014

>>7680016
according to what standard fucktard?