BTC and ETH:
>way oversold on the RSI
>MACD uptrending
>volume still good
>obvious retrace/red candle after parabolic rise over the last week
Buy the dip
Ayden Ward
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Parker Price
cringe
Nathaniel Morris
based
Ryder Mitchell
>oversold
Except the primary influence of crypto prices is...the price of crypto.
Connor Moore
you don't know what this means
Adrian Wood
look who was right retard
Luke James
any more future insight for the poor fags like me?
Jace Garcia
i think we're going to stay in this range for a little while, but it looks like the momentum is still trending upward slightly again on BTC and ETH. just check the rsi and macd on the 15min time scale if you're swing trading
Andrew Garcia
buy when the RSI is really low (below 30 or around there) and macd is moving upward
Dominic Torres
*procedes to google to find out what RSI and MACD means*
Ryan Parker
If you are going to use meme lines and meme indicators, at least use them on the daily, user.
Kayden Rogers
Have sex
Ryan Young
youtube.com
this hippy explains it really well, starting at 1:15
Josiah Russell
yeah man bch is gonna be a big mover again and ltc too. they had they freaky 12-15% early gains last run. my money is actually mostly in eth etc riight now so im glad u feel what i feel too :)
Kevin Baker
I've had plenty of sex, it's why I'm poor. Hookers can be an expensive hobby user
Jeremiah Brooks
completely textbook rsi reversal
Gavin Gomez
>woke on bch
>holds ltc
Explain.
Thomas Cooper
im using it on the hourly because i wanted to know if this dip was going to continue or if we were going to rebound. on the daily, RSI can be overbought/oversold for too long of time frames and things get blurry-- see august/september
Colton Smith
A reversal on the hourly will usually tell you about a temporary retrace. Even on the 4H you don't have an oversold RSI. So I expect a retrace to about 5050-5100, then some sideways action, then a dump. And after that, we'll probably continue going up towards 6000. IMO.
Isaiah Miller
Rsi's, macd. Its all horseshit.
If the Bogs, Jews and factory hall pnd chinks want bitcoin to go to 3.3k it will go to 3.3k no mather what your memetools say.
Jordan Gomez
that is, if we don't go straight to 4500 soon, which is very possible as well.
Brandon Carter
I agree with all of this. Unsure about the dump but possible.
Chase Bell
the reason I believe there will be a dump, is because institutional money usually create liquidity by raiding stop losses and liquidating accounts, in order for them to get a good position. So I would guess there will be some of that before going up. I may be wrong, though.
Elijah Ward
you must be new
TA is a meme
Henry Clark
Prices also always seem to stick around the 50/200 day moving averages which we are way above. So it might be good for it to go back down to maybe the 200 day (4650-4700) and use that as support
Michael Ross
really because I just predicted the rebound using basic TA
Jace Lee
Totally agree.
Lincoln Cox
50 day as support rather
Isaac Rodriguez
Looking at a chart and coming to the conclusion the price will go up or down is basically TA. The problem is that lots of people don't know how to use it and expect it to work 100%. TA is also part personal interpretation, it's an analysis, not a crystal ball. The way people use TA is totally a meme, but a good analyst can use TA to his advantage. Another thing, TA without risk management is worthless.
Aaron Adams
u must be newer
Aaron Campbell
rsi low on what timeframe? the hourly?
William Jenkins
yes but it was more obvious on the 15min