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/biz/ - Business & Finance

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14055344 No.14055344 [Reply] [Original]

Buy when oversold and sell when it gets overbought.

with this simple strategy im banking in crypto since 2013

why arent you doing that- this strategy works on every stock and every crypto- you can backtest it back to ancient times it will always work.

How come noone is making money in crypto like that- its so easy

>> No.14055367

Show proof of trades or put a bullet through your skull

>> No.14055375

>>14055367
no

>> No.14055383

>>14055344
imagine thinking any of this shit works in a market as manipulated as crypto.

>> No.14055390

define oversold and overbought

>> No.14055451

>>14055383
of curse it works- its basically the only strategy that works short term and in the long run- how can it not work?
>>14055390
when an asset is overbought the price will dump - when an asset is oversold the price will most likely to recover - also happens 99% of the time
https://www.sunshineprofits.com/gold-silver/dictionary/rsi-indicator/

>> No.14055458

>>14055390
i dont trade gold- i only use RSI on BItcoin ethereum and others

>> No.14056273

>>14055458
How good are your trades using only RSI?

>> No.14056322

>>14055458
what time frames are you working with

>> No.14056326

>>14055344
Both.

>> No.14056333

is chicken sacrifice the way to do it? i used to collect black cats...

>> No.14056355
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14056355

>>14055344