we're going into the abyss
FUUUUUUUUUU
Anthony Miller
Lincoln Harris
WHY DID I LISTEN TO BIZ WHY DID I FOMO IN
Benjamin Russell
We broke 60 RSI on daily for the first time this year
Ryder Butler
I just loaded 10. Am I doing it right or should I wait until it's ran 5% again?
Alexander Ross
What this mean?
Jose Nguyen
Do you guys want to hear something sad? I hope bitcoin dumps back down to 6k levels so that people can't make as much money. I say that because I never know what coin to buy and when to buy it and I am down from my initial investment. I just want to bring people down with me. Bear markets are my favorite type of markets. Bull markets make me jealous of everyone making money.
David Reed
Sorry, but I read your file name. You know it's illegal to copy Pepes.
Jaxson Sanders
I'll make a picture, one sec.
Bumping thread in meantime
Brayden Smith
If you had done nothing but sell at 60 RSI and buy at 35 RSI for the past 4 months you'd have been fine.
But every time this year it's bounced off of 60 RSI except for this time. A good indicator I think to sell some and wait for it to dip again. I could go higher still sure but if it gets closer to 100 it will have to come down like it always does, to what level it comes down I don't know
Also this , I always lose but I just want to lose with everyone else of Jow Forums and do better than everyone on Reddit.
Brandon Howard
Nice arbitrary lines.
John Reyes
The daily chart RSI since the peak in December has been 60 or below. RSI is generally how strong the price action is moving. The higher above 50 the stronger the price action is moving up and below 50 the stronger the price action is moving down.
With an RSI capped at 60, but with no bottom limit each peak in price has been lower than the last. Now we have peaked 60 on the RSI it is more possible that the next time we test it we will break through more deeply.
Once people noticed the 60 RSI cap it becomes a self-fulfilling prophecy.
Josiah Martinez
The longer it takes to retrace the more it's going to hurt people going long.
Hudson Williams
Soros knows this too and he will always do the opposite. You have to consider that most indicators were made by the jews in order to take money from you.
Jordan Roberts
Fuckem, they can hold until my shorts are in the green. Least they could do as I held while their longs went green.
Austin Hall
Most of the indicators were made by Anlgos so they could tell when the Jews were acting up. It is a lot clearer when you have indicators that some price actions are artificial.
Hudson Foster
Just so anyone knows. Indicators will work better on daily time frames. They are very wishy washy on lowers. But if you picked the most basic bitch indicators and traded the daily BTC chart since 19.5k you would be doing really well.
Matthew Fisher
Kinda lazy and arbitrary but it does illustrate what I was trying to say. I could have made it more detailed but I'm lazy.
I didn't make them go long.
I use daily and if I want to see more detail I go to 4 hour, never lower really.
Joseph Roberts
Anons have been talking about bearish divergence on price/macd/rsi for a while now. You can see the divergence build up through the hourly chart, to the 4h/8h/12h and then spill onto the daily chart. You get to plan ahead when you use the shorter timeframes.
Nolan Ortiz
Yeah, but if manipulators wanna keep the price up, they will. It is so obvious at this point that they prevent any drop from happening to create more and more FOMO and the delusion we are back in the bull market because of a single green candle.
Daniel Young
what other basic bitch indicators would have helped you do well?
Jeremiah Rivera
I tend to think that any manipulators out there are not fully retarded. It makes more sense to do price manipulation like aikido or judo than through a boxing match. The short squeeze seems to be the best example one could think off. The shorts loaded themselves on the wrong foot and then some whale (probably bitfinex/tether) figuratively hip tossed them by stop-hunting their own clients.
Josiah Evans
RRRRRRRRRUUUUUUUUUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
Justin Brown
Trend lines, RSI and Res/Sup lines. That's like it. Maybe Fib
Colton King
Yeah if you're hunting for divergence my advice is definitely not targeted towards you as those people are making their own decisions. I'm just speaking broadly to the less experienced anons. It's better to start on the daily then the hourly's. I was stubborn about this when I started and ignored the words of experienced traders telling me otherwise.
Stoch RSI
Bollinger Bands
RSI
Candlesticks
If you have confluence with all 4 of these on the daily, there is a HIGH chance we are going up/down.
For example:
11.8 Top
>Top of the bands
>stoch overbought
>RSI at 60
>Inverted hammer (sellers exhausted)
Price dropped hard. I don't use any of these to trade lower time frames but they're surprisingly effective on the daily chart.
Right now I'm seeing this confluence again and am already scaling into a short. Daily is closing bearish in 10 minutes and we have a tweezer top.
Brody Lewis
This as well. Drawing major supports and resistance lines will help you get an idea of why price is stalling in a certain area. I have drawn lines weeks in advance of price getting near them and it will nearly always respect it. We had an old trend support on the log that we never successfully closed above this whole run. Price actually stayed underneath it and it acted as resistance.
David Baker
Here's an example to illustrate what I mean. See that ancient trend support on the top. That line has been there since february. Then bottom is zoomed in.
Lincoln Brooks
WHYYYY
Ryder Powell
>arbitrary when they clearly indicate points of reversal
Dominic Wood
uhh guys look at these:
Daniel Bell
The buy volume is scary low...
Dylan White
Never allow Jow Forums to convince you to fomo in.