/biz/ - Business & Finance

Yes if used on it's own, if combined with (short and long term) moving averages, exponential moving averages, bollinger bands and the MACD it's not a meme

>>53798886
>if combined with (short and long term) moving averages
explain further please

>>53801023
The more indicators you use (and the more timescales you check eg. hourly, daily, weekly,...) the more accurate your TA will be, an indicator flashing one thing while all other indicators are flashing another thing probably doesn't mean much.

For example if the RSI was showing oversold conditions but the price is still above the short and long term moving averages I wouldn't buy it, if the RSI was showing oversold conditions and the price was below the short and long term moving averages I would start DCAing in

>>53798864
>>53798886
>>53801023
It is a meme
All of these “lagging indicators” are retarded memes
If there was a legitimate indicator that worked it would not be freely available. If it did, the market would use it until it was no longer free money
It’s the same as how supply and demand works, if a method produces value it will be overused until it doesn’t.

Stop believing these retarded strategies beyond tarot cards used for gambling
>inb4 you just don’t get it
Flipping a coin has 50/50 odds but you can still get 10 in a row, even easier when the market has gone up

>>53801090
These indicators track long term trends retard, you can look at a chart and see what these indicators said in the past and if they were accurate or not, you can test out these things for yourself

>>53801084
>>53801126
note: the bollinger bands have been by far the best predictor in Bitcoin's future price action from what I've seen, every time it touches the top range at crashes a week later kek, that said I would still recommend checking all the other ones

>>53801090
here's the genius explaining everything to everyone, like there's a bunch of SNIPER BOTS noticing you're making $20 on a fucking forex pair and saying "HEY THAT GUY MADE $20, WE HAVE TO CHANGE THE ENTIRE MARKET OR WE WILL BE SCREWED"

>>53801084
how do you interpreter the current situation? Stoch rsi at weekly is overbought at daily and it is oversold at weekly

>>53801700
RSI is overbought at daily, Bitcoin is also trading above the 50 day and 200 day moving averages and touched the top bollinger band.

In my opinion it will go down in the short term

>>53801741

>>53801741
short term likely correction, but i wouldnt count on new lows

>>53801897
I agree with you

>>53798886
>so many indicators you don't know what to do
just use emas(mostly) rsi and atr(%) to determine volatility and if it's even worth your time

>>53801905
The last correction was brutally rejected, just made a round through the channel liquidated a few longs and just returned to the upper channels band. Saw back to 17300 been thrown around a lot, that might even be too optimistic

All indicators and TA are memes.
>S&P golden crosses
>Takes 3 gap down days consecutively, one being -2%

>>53802012
keep seething niggo

>>53802663
Fake and gay

>>53802875
>NOOOOOO YOU CAN'T JUST POST NUMBERS AND PERCENTAGES THAT PROVE ME WROOOONG, I'M WITH SCIENCE, IT MUST BE PHOTOSHOPPED

>>53803137
nigger

>>53798864
Why don't you look back 2 years at your favorite asset and see what happens at each cross? Then pair it with another indicator and see what happened? You have to check it out for yourself to really understand.

>>53803416
the thing is to backtest anything in tradingview it's a pain in the arse to write pine code. i mean i hate coding but this is real shit. wanted to write me a bot with alerts once and discovered that the alerts needed are only available in the highest jew tier package.

>>53803459
Its a pain, but OP can pull up 3 indicators for free and see what happened in the past. Just this basic shit has helped me immensely.