/biz/ - Business & Finance

>>53682714
>stoch rsi
Meme indicator. kys

>>53682746
You have to go back.

>>53682714
check the 1M stoch RSI

>>53682714
We are going to 30k before sippin on 12k for a second. We'll get assblasted all the way to 40k EOY and crab there until the halving.

>>53682792
Yes, you're right, and the 1M Stoch RSI isn't the only thing which indicates the bear market is over. However, #1: Even if it's over that doesn't mean BTC won't dump massively; bear markets have bullish moments (rallies) and bull markets have bearish moments (crashes), and #2: There are a few things which indicate the bear market isn't over.

>>53682714
7:1 ratio so 1d has time to go up still, 1D going up will look like a little bump on 1w

BTCUSD was looking bullish on the regular RSI, until this happen. Very curious.

Post shorts

All this retarded TA shit is irrelevant, it will pump or dump according to CPI data next week

>>53682927
See: >>53667479
Read the title.

>>53682714
> bulltrap
> close your shorts
Which is it?

>people here STILL don't understand how the indicator works

>>53682937
"News" are not relevant. Only the chart is relevant. The global market trades according to how the chart looks. And the Stoch RSI being bottomed out means the market is turning bullish; it wants to buy more than sell. That's what we have on the 1D. That's the reality of the situation. Not anyone's opinion; it's not "TA", it's simply the market itself, a result of BTC's price action, which has been shaped by the market. And the Stoch RSI being topped out AND rejected (not hugging the top), means the market is turning bearish; it wants to sell more than buy. That's what we have on the 1W. That's the reality of the situation. Not anyone's opinion; it's not "TA", it's simply the market itself, a result of BTC's price action, which has been shaped by the market.

>>53682949
Both, obviously, as we don't know how high it will pump. Precisely because a bulltrap is now occurring/beginning, that is why I advise you to not short right now.

>>53682956
how does it works doe

OP, you really are a gem in this cesspool of retards and autists. Level headed discussion with evidence to back it up, on an anonymous tibetan goat farming forum at that. How far you think this pump will go? I say it's got until 23k or wherever the next big liquidity zone is if 22.3k which was previously support is broken upwards.

https://www.tradingview.com/script/zsmaLEyI-RSI-Impact-Heat-Map-Trendoscope/

Everyone on this board is genuinely retarded. I am a professional trader. I trade cryptocurrencies full-time. I don't know why I even bother telling you all this because nobody will listen, but Bitcoin is beginning a mega-pump to a minimum of $28k. I have my money where my mouth is. I bought the bottom with size at $21,468. That is Bitcoin's second generational bottom. The recent SEC action against Kraken is intensely bullish. Few understand this.

>>53683238
Based 50 and 200 day SMA back this up as well

Alright give it to me straight I have $20 on Kucoin, how do I use this knowledge to turn this $20 into more than $20 serious answers only please

>>53683238
lmao you are trading with like bit over 100 bucks

>>53683238
but u didnt even get dubs. not so smart after all

>>53683286
Kneepads

>>53682971
Can you explain how to understand all this I appreciate you doing so but I’m pretty lost.

>>53683347
wow haha so funny and original you must be the king of community and unique ideas please fucking kill yourself you unloved hated fat sack of neckbeard dogshit, fucking cringe and pathetic loser
>in all fields

>>53683238
Good take but your size isn't size.

>>53682714
stop trading BTC you retard
why aren't you trading LDO now that there's a whole drama with CB and kraken??
you are a complete fucking moron
do you even have an account on DYDX?
I am willing to bet a large amount that you don't

>hurr durrr crybto is btc price !!!
you have to kill yourself, CEX sissy

>>53683383
It was just a joke ser.You have 20 dollars, to leverage you’d probably get instagibbed and that’s it, 20 dollars gone. Only real advice is wageslave and get some capital.

>>53683295
I am 20 years old with minimal capital. The point is I'm a profitable trader, jackass. Position size is relative. I will be trading with multiple thousands after I hit a home run this pump and make 30 grand from my small capital. My gains don't lie. I know my shit.

>>53683409
>The point is I'm a profitable trader, jackass.

>>53683432
let's see your profits. Oh right, you don't have any. You don't know how to trade. Have fun staying poor. Only traders make money in markets. Bag holders always lose.

>>53683238
>Bitcoin is beginning a mega-pump
>generational bottom
Your posting style is the same as picrel retards/shills who said things like 6k was the generational bottom.

>>53683409
But you said you were professional? How are you making a living from investing such a small amount?

>>53683409
based

>>53683238
>longs.png
Just because someone longs doesn't magically prove the bottom has been reached. So many people longed above 6k. You longing just means you're another fomoing retard.

>>53683409
im 20 too and i trade with more than that though

>>53682790
No u
>>53682971
>It's bull and bear
>That's the reality
That's your interpretation of lines on a screen

>>53683564
The way the chart looks is not anyone's opinion or interpretation, dumbo. The chart is what it is. If you have a problem with how the chart looks, then you have a problem with BTC / a problem with the market.

>>53683530
I use 30x leverage and snipe bottoms

>>53683697
What do your fees look like on GNS? Thinking about it instead of binance cex.

>>53683556
good for you? Everyone trades differently. I have 20 $100 positions and 3 $1,000 positions. You fucks are too worried about ego and 'size' to understand that ALL THAT MATTERS IS PROFITS. Keep making fun of my 'small' trades. You fucks don't know shit. I'm about to make $30 grand and dump it all in Litecoin.

>>53682714
crab bros just keep winning, they always come out on top regardless of the side, they figured everything out desu

>>53683664
>Chart looks like this
That is the reality
>Therefore means this
That's your interpretation

I don't care how many text books tell you you're right. You're wrong. They're wrong. TA on crypto is a meme.

>>53682714
stochrsi is an absolute garbage indicator. it is one of the worst at predicting anything. never use this indicator if you want to make money, i bet op doesnt even know how to use it properly and only considers overbought/underbought thresholds.

>>53683759
>TA on crypto is a meme.
Ahh, so you're just a newfag. Got it.

>>53683767
>t. seething baggie/redditor

>>53683788
>you're just a newfag
Yeah, but I've been busy

>>53683788
Checked, newfags who are baggies always have a seething hatred for technical analysis. Many of them begin raging even when a completely plain chart is posted without any indicators or analysis on it at all, if the chart looks bearish. Because they don't want to see it, so they lash out against it. So most of the newfags never even look at charts in bear markets, only at the price. The only times they don't sperg out in full rage mode against chart analysis is when the analysis forecasts a pump.

>>53683831
Meanwhile in reality there's only 3 previous posts: >>/biz/?task=search&ghost=yes&search_text=%22ta+on+crypto+is+a+meme%22

>>53683844
>>53683828
You posted a bullish 1 week rsi to support the claim that the 1 day rsi is bearish and this should be listened to.
Nice "reality" you have there. Your psychoanalysis of me shows just how grounded you are..

>>53683409
kek, don't you know unrealized profits don't count?

>>53683853
>Exact phrase
Kek at that post from 2018

>>53683395
>why aren't you trading LDO now that there's a whole drama with CB and kraken??
School this retard more please, like all these plebs be banking hard on BTC it's alright but have you seen LDO, SYLO, AZERO, and CTSI, I guess not, y'all be turning round cycles and complaining of so little profits.

>>53683524
>>53683552
this

>>53683728
based anon

>>53683728
Are you ok anon? Told you to take profits kek
Verification not required.

>>53683828
You never know which RSI is more relevant to price action - daily, weekly, monthly, etc. Any indicator anon ITT, what do you make of this little dip that just happened, should we be buying or hold off? Is the mini bullrun over or do we have another leg?

>>53682714
You misspelled bear

>>53683524
>Feb 2018

That aligns with Feb 2022.
Look at price action in 2019 and you see why bulls are starting to get hyped.
Bears had their cycle and failed to get it under 15k

>>53683409
lol zoomzoom caught the bottom one time and thinks he's goldman sachs jew
get ready to be liquidated this week

>>53683238
You are going to get liquidated! Look at state of the world currently, all indicators point to large scale recession. There is a reason banks and large investors have moved into gold to ride the storm.

>>53682937
>>53683759
>crying about TA
You guys always end up eating shit in the end.

>>53686487
Oh bother.... this fucker again. How many times do we have to tell you?

>>53686487
Again that is 2018 which is 2022 in the bear market cycle.

You have to look at 2019 to place us currently. According to 2019 we are headed up. Bears may get one last bear trap but we will be in the 30s by then.

>>53683828
except it doesnt look anything like that at the time. if it did, everyone would do it.

>>53682714
fucking retard lmao

>>53683879
Are you talking about the OP pic? First of all that's Stoch RSI, not RSI. And:
>posted a bullish 1 week rsi to support the claim that the 1 day rsi is bearish
>1 week bullish
>1 day bearish
OP did the exact opposite. You must have very low IQ. Take a look at OP's post again. He's saying the 1D is BULLISH, not bearish. That's why he's saying you should close your shorts. And that the 1W however is bearish. The total opposite of what you wrote. Take your head out of your ass.

>>53682746
>>53683767
>>53686809
Have fun getting liquidated.

>>53686623
Powell clearly signalled in 2019 that he was going to pause rate hikes before he did it.
If you're betting on a repeat of 2019, you're anticipating Powell doing the opposite of what he's been saying.
He's a spineless idiot, but he isn't going to risk a major rebound of inflation caused by a premature pivot. Especially not with low unemployment and energy prices temporarily being held down.

>>53687127
he has been saying that:
1. There will be a couple/few more rate hikes
2. If inflation spikes up bigly and more rate hikes are needed, it will be done.

Basically saying: He wants to raise by 25bps 2 more times (or 3) and just pause and see how inflation reacts over the course of a few months or so.

I think he is doing the smart thing and being as careful as he can desu.

>>53683719
I would always opt for GNS over any CEX, times are quite interesting won't want to leave my assets in the care of any CEX, the focus at this point using DEXes like AllianceBlock DEX, GMX and Uniswap.

>>53687193
I don't agree with Powell's reactive approach. He's terrified that he's going to get blamed for the recession.
What's actually going to happen is that his timid approach is going to cause stagflation and there's nothing that can prevent a recession. Powell will get blamed for both in that scenario, so he may as well just aggressively hike rates and tell the markets to take their medicine.
Then when it all does actually need rescue QE, he can start to cut rates without fear of rebounding inflation.

>>53682714
I thought we were gonna have a "deathcross Its over for btc, this time surely"

>>53684556
I'm fine. Lost $450. Fuck it. Fuck the SEC. Price is going up.

It’s actually a beartrap and everyone bearish is going to get their shit pushed in. Can’t wait

>>53683177
One of the few non-retarded replies in this thread. I concur.

>>53687481
The weekly being topped may match up with the deathcross occurring. It can flashpump 1k or 2k today or tomorrow taking the daily to the top, then the deathcross occurs and it gigadumps.

>>53683238
Saved for later luls