It can and will go lower, we’ll hit 69420 again before the end of the year.
magus-21 on
And Mercury is in retrograde.
That’s about as significant as this „factoid“ about RSI
[deleted] on
[deleted]
kitbiggz on
I seen a couple memes that said Trumps tweets beats your TA.
So true. Trump and CZ run the markets we are just along for the ride.
TexasBoyz-713 on
If I were to buy at any point in the past 6 months it would definitely be right now.
partymsl on
We are for sure close to a local bottom here.
But the question is, will be get to a new ATH or make a lower high and nuke it to $40k?
Livid_Yam on
Bottoms are in
Fireman77333 on
You can clearly see it was overbought and still rised higher
The same applies here just because it’s oversold doesn’t mean it’ll stop
FuzzyAttitude_ on
THE REASON IS : NVIDIA earnings was a bit scam (they’re not that good) and OpenAI seems a scam company after the new findings!!! AI market crashes = everything crashe! And SP500 and Nasdaq nosedive!! Also the jobs report was cancelled!! market is afraid
Theworldsuckss on
I’m loading up massively here, it’s time to shine
ShoshiOpti on
Correction, most oversold for now. Hold onto the hats boys rocket pointed down for a while.
RetroClubXYZ on
Lol at bitcoin. More worthless that a Donald Trump promise.
cowboy_shaman on
It can get a lot more oversold. If that was the top, we are in for another year of pain
goldtank123 on
I always recall this quote. When it’s time to buy you won’t want to
not420guilty on
Your lines drawn on a chart don’t control the market 🤷♂️
cuervo_gris on
In the same picture you can see how it can go lower when we are dumping in the bear market, this image is useless
felya on
You don’t even know how to use the RSI indicator correctly. Most people think “RSI is oversold. Time to buy” – What it’s actually showing you is continued momentum to the downside. Look at the RSI on the monthly chart. How it’s looking to you now?
MusicalBonsai on
Yeah, but go a few weeks back to see that we still have a way to go until it’s at the lowest oversold. We are just crossing down, not crossing up.
thiago1v1s1 on
TO THE ROOF!!!!!!!!
LET’S GOOOOOO
/s
Popular-Mark-2451 on
What does oversold even mean. As if there is a conductor conducting an orchestra instead of a market of behaviour.
If lots of people wake up one day and realize they’re holding something that is worth nothing, that doesn’t mean it’s oversold.
The fact that Bitcoin is *still* $90k means that it has an RSI of massively, massively, terrifyingly overbought.
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It can and will go lower, we’ll hit 69420 again before the end of the year.
And Mercury is in retrograde.
That’s about as significant as this „factoid“ about RSI
[deleted]
I seen a couple memes that said Trumps tweets beats your TA.
So true. Trump and CZ run the markets we are just along for the ride.
If I were to buy at any point in the past 6 months it would definitely be right now.
We are for sure close to a local bottom here.
But the question is, will be get to a new ATH or make a lower high and nuke it to $40k?
Bottoms are in
You can clearly see it was overbought and still rised higher
The same applies here just because it’s oversold doesn’t mean it’ll stop
THE REASON IS : NVIDIA earnings was a bit scam (they’re not that good) and OpenAI seems a scam company after the new findings!!! AI market crashes = everything crashe! And SP500 and Nasdaq nosedive!! Also the jobs report was cancelled!! market is afraid
I’m loading up massively here, it’s time to shine
Correction, most oversold for now. Hold onto the hats boys rocket pointed down for a while.
Lol at bitcoin. More worthless that a Donald Trump promise.
It can get a lot more oversold. If that was the top, we are in for another year of pain
I always recall this quote. When it’s time to buy you won’t want to
Your lines drawn on a chart don’t control the market 🤷♂️
In the same picture you can see how it can go lower when we are dumping in the bear market, this image is useless
You don’t even know how to use the RSI indicator correctly. Most people think “RSI is oversold. Time to buy” – What it’s actually showing you is continued momentum to the downside. Look at the RSI on the monthly chart. How it’s looking to you now?
Yeah, but go a few weeks back to see that we still have a way to go until it’s at the lowest oversold. We are just crossing down, not crossing up.
TO THE ROOF!!!!!!!!
LET’S GOOOOOO
/s
What does oversold even mean. As if there is a conductor conducting an orchestra instead of a market of behaviour.
If lots of people wake up one day and realize they’re holding something that is worth nothing, that doesn’t mean it’s oversold.
The fact that Bitcoin is *still* $90k means that it has an RSI of massively, massively, terrifyingly overbought.