/biz/ - Business & Finance

Ty ser

>>51409178
It's hilarious how brainlets keep ignoring the Stoch RSI, and are now ignoring it yet again, and are now (as every time) making up all sorts of excuses and reasons for why BTC is dumping (it's muh mutt politics, muh news, muh eth merge, muh ww3, muh whatever-that's-not-the-chart). They never learn.

>>51409550
you gotta admit though its pretty ironic/coincidental that the negative news coincides with these indicators

>>51409729
Maybe, but the news etc always come after stuff has already happened on the chart. In this case over a day, or several days, after the Stoch RSI topped. Almost like the news/happenings are just a distraction/smokescreen from the actual trading that's going on.

Like for example lets say a coin has been testing a very important support level many times for a long time, and finally one day when it's about to test the support again the bears are too strong and dump the price below the support, which causes more people to sell, driving the price even lower. And all the while, in combination, there has been some very bearish divergence going on for weeks, indicating in advance that the support would fail. But then 10 hours later there is a negative tweet made by some celebrity. Then all the NPCs who weren't looking at the chart say it dumped because of that tweet.

>>51409178
What lengths K and D do you use ?
I still dont know how to use stoch rsi fml
Using regular rsi

RSI-sama, I kneel

>>51409987
There's another thing everyone loves ignoring ... a lot of money is still stuck in NFTs, DeFi, Doge clones, other shitcoins and the people who sold their coins to those bigger fools refuse to buy BTC. Uniswap and various airdrops like UNI, 1Inch, Tornado, Murall have been very detrimental to the ecosystem. Also the higher the marketcap the harder it is to exponentially grow it.

>>51410126

>>51409550
>Negative news
Priced in bro

>>51410116
>What lengths K and D do you use ?

>>51409987
i know whatchu talkin bout my negger

>>51409178
Baggies will keep seething at Stoch RSI all the way to the bottom.

>>51409987
The entire coronavirus shit was a smokescreen from what was going on in the financial markets in the USA in late 2019.

>>51413330
And in 2020 as well, and later, of course.

>>51409178
UGHHHH!!! NOOO YOU CAN'T LOOK AT THE STOCH RSI AND KNOW IT'S GONNA DUMP NOOOO!!! GUHHH GUHHH

>>51409178
>nooo, you can't just know where to sell, nooo, it's a mystery!

>>51409550
stoch RSI doesn't always immediately dump when it hits 100.
In fact, you could argue it still hasn't dumped yet, confounding the problem even further. So you're exclaiming victory when it hasn't even come yet. And that victory isn't usually secured half the time.
Anyways trading isn't about right or wrong it's about sticking to a strategy. If you stick to Stoch RSI, that's great. Just stick to it and be happy that it works. And maybe share the strategy in an informative way.

>>51409178
so easy

>>51409178
Stoch RSI chads just keep winning.

>TA is literally a meme. It's all luck at the end of the day.

>>51409550
How can 4 hr stoch be way oversold yet daily is way overbought?

>>51410406