Why do bears and sad boys ignore the weekly RSI?
Why do bears and sad boys ignore the weekly RSI?
Parker Moore
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Ethan Sanchez
2014
Jack Taylor
2013
James Thomas
Way I see it, well be back to $11,600 in two-three weeks.
James Turner
You can find something that will confirm your bias on any chart, but the weekly chart is looking horrible to me.
Hudson Torres
It looks fine
Brayden Sullivan
>he fell for it
Zachary Perry
In fact you could make an argument well go up faster and more violently than the other charts due to the insane descent. These charts are all scaled the same. All look like shit, 2018 looks most shit.. Which means it looks great.
Aiden Moore
Jason Green
Thanks user. As another user said, bear fags are like moon fags when BTC hit 20k and thought it was going to moon forever
Hunter Barnes
RSI is a misleading af indicator, it can stay oversold for a long time while everything crashes or stay overbought for a long time while everything moons.
Jose Fisher
Exactly, look at the charts lol
Jose Bell
I don't use fractals, all I'm saying is from the candles so far nothing is telling me reversal, Stoch can stay on oversold for a while.
Mason Barnes
I SEE IT BULL RUN CONFIRMED
Tyler Walker
2013 and 2014 bottomed out oversold for 11 candles. 2018 oversold bottomed out for 10 now. Today closes the weekly
Christian Hughes
Unless we get another big dip before 8pm we're going back up.
Dylan Hughes
Machine learning generates POSSIBLE IMPORTANT LOW signal, but this was at the end of Friday when it bounced off the 314 day MA, now it fell below, will have to wait until after Monday for new analysis and prediction for April
Lucas Hernandez
Real question:
Why do you use Stoch RSI on weekly candles?
Use normal RSI and you will see a different outcome
Joseph Miller
bounce then down to oversold is what he means
Christian Watson
I bought at 6600 and bought 34k REQ at 2350 sats, how fucked am I?
Jackson Brown
>the weekly chart is looking horrible
ISN'T THAT THE FUCKING POINT??
Xavier Moore
Pretty Fucked. You better short on bitmex with 10x-15x leverage if you want to make some easy money. Bitcoin = king shitcoin
Jackson Lopez
this, though more like 8:35 according to my TA. i can see a huge rally inc
Gabriel Wood
>not 100x leverage
pussy
Daniel Price
Daniel Flores
A market can remain overbought for a long time due to increasing prices drawing in new buyers to pump the price up further.
In contrast, oversold markets tend to correct quickly - once weak hands have been shaken out, there is no one left to sell.
Carter Gomez
label your axes numbnuts
Michael Gonzalez
Looking at RSI I see no reason why bitcoin won't go to 3-5k. Right now we had a leading first wave diagonal so this is either an uptrend or just a ABC correction. My bet is on ABC to about 7000-7300 and then final wave down to anywhere between 4900-6000. If you caught the bottom there's no reason to close your long position until impulse wave failoure.
Jordan Allen
Source for this?
Owen Murphy
Mini bros know what's up. Other teams take note.
Sebastian Collins
/our guy/ martin armstrong
armstrongeconomics.com
Called the high
Lucas Gray
PUMP IT
Owen Morris
Nice. But how do I get that spreadsheet?
Cooper Wright
Because weekly RSI can be on the ground for two months before turning up?
Alexander Price
Well that's awkw.. It has been on the ground For nearly 2 months.
Sebastian Russell
because we don't know what those letters means
Camden Sullivan
Retard strength index
Jacob Peterson
check daily