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Title: RSI is too high - DOWN WE GO Post by: ask on September 06, 2016, 03:28:13 PM Expect dump below $600.
Title: Re: RSI is too high - DOWN WE GO Post by: sandiman on September 06, 2016, 03:29:46 PM let's all sell the strengh, good advice ::)
Title: Re: RSI is too high - DOWN WE GO Post by: randy8777 on September 06, 2016, 03:41:57 PM the price going below $600 is not a big deal. support isn't strong enough so it won't be a surprise if we go back to sub $600 prices.
also; Sell now. We are going below 500$ again. opposite happened. Title: Re: RSI is too high - DOWN WE GO Post by: ask on September 06, 2016, 03:56:54 PM the price going below $600 is not a big deal. support isn't strong enough so it won't be a surprise if we go back to sub $600 prices. also; Sell now. We are going below 500$ again. opposite happened. Bull trap. No volume. Title: Re: RSI is too high - DOWN WE GO Post by: Slark on September 06, 2016, 04:07:59 PM I am not that sure if bitcoin can be measured by standard RSI indicators. People used that before and it is more of a hit or miss prediction than reliable gauge.
Also we don't really understand Chinese market which is crucial for bitcoin trading - and simply put - Chinese traders are weird. Title: Re: RSI is too high - DOWN WE GO Post by: socks435 on September 06, 2016, 04:09:27 PM This is a signal? i hope that the price of bitcoin will not down again.. because i am waiting for more increase price this month..
I hope no body can sell right now.. Title: Re: RSI is too high - DOWN WE GO Post by: Shiroslullaby on September 06, 2016, 04:29:16 PM Relative Strength Index?
Can someone explain this a bit to someone who is fairly new to trading? I'm reading the Wikipedia page https://en.wikipedia.org/wiki/Relative_strength_index but some explanation on how this applies to Bitcoin at this point in time would be greatly appreciated. You are saying that we are in "overbought" territory and the price is about to fall? Title: Re: RSI is too high - DOWN WE GO Post by: amacar2 on September 06, 2016, 06:25:10 PM This is a signal? i hope that the price of bitcoin will not down again.. because i am waiting for more increase price this month.. There may be many traders out there who like to keep price swinging on $600 price range, but if this support above $600 remain strong for few more days, price may get pumped rather than going sub 600.I hope no body can sell right now.. Title: Re: RSI is too high - DOWN WE GO Post by: Slark on September 07, 2016, 04:44:22 AM Relative Strength Index? If you already know scientific explanation and definition then here is good example how to use RSI to estimate buy/sell opportunities of bitcoin:Can someone explain this a bit to someone who is fairly new to trading? I'm reading the Wikipedia page https://en.wikipedia.org/wiki/Relative_strength_index but some explanation on how this applies to Bitcoin at this point in time would be greatly appreciated. You are saying that we are in "overbought" territory and the price is about to fall? https://www.cryptocompare.com/exchanges/guides/how-to-trade-bitcoin-with-the-relative-strength-index/ (https://www.cryptocompare.com/exchanges/guides/how-to-trade-bitcoin-with-the-relative-strength-index/) You will find good explanation of RSI in relation to Bitcoin charts there. Title: Re: RSI is too high - DOWN WE GO Post by: 1Referee on September 07, 2016, 04:51:08 AM This is a signal? i hope that the price of bitcoin will not down again.. because i am waiting for more increase price this month.. I hope no body can sell right now.. I guess you mean "I hope nobody will sell right now"? The price is too unpredictable at this point to make a guess about which direction the price will be moving to in the coming days. Chances for the price to go up or down are equal right now. Title: Re: RSI is too high - DOWN WE GO Post by: pooya87 on September 07, 2016, 05:01:47 AM it is so funny to read some of the comments in this board.
whenever the price is falling everybody is saying we are done and will take ages to go back because there is a massive dump. and whenever there is a rise everybody is saying there is no support, no volume,... we are going back. i say instead of this desperate talk open up an exchange site or one of many chart sites and look at the numbers sometime. Title: Re: RSI is too high - DOWN WE GO Post by: Denker on September 07, 2016, 02:26:16 PM This is a signal? i hope that the price of bitcoin will not down again.. because i am waiting for more increase price this month.. I hope no body can sell right now.. This is one of many signals! And no good trader will make a decision on just one oscillator. OP often writes nonsense. And if it indeed happens he will write "I told you so". Probably he is having his own interests and therefore tries to manipulate some invested members here with the hope it might work out. So always do your own research or look for several different opinions by known market participants and then make your decision. Title: Re: RSI is too high - DOWN WE GO Post by: ask on September 21, 2016, 07:45:23 AM As I said two weeks ago. South was right direction.
Title: Re: RSI is too high - DOWN WE GO Post by: PantminerS7 on September 21, 2016, 07:52:13 AM Price has been stable for a while now. Even so, I doubt we'll hit the $500 mark any time soon. Last dump (BFX) we got all the way down to $480 for a short while, then the buy orders ticked in and we were back at $570 again...
Title: Re: RSI is too high - DOWN WE GO Post by: Doms on September 21, 2016, 08:32:57 AM RSI alone can't be used as an indicator to buy or sell, or whether the price is going anywhere. The relative strength index somehow tells us if bitcoin is either overbought, oversold or within normal range. I think the last time I saw it reach overbought levels, we were at the mid $700 levels, and I knew then that the price would go down anytime soon. But right now, I think we are in the normal range and I don't think it is affecting how the price behaves in the last few days, also given the small volume of transaction we are seeing.
Title: Re: RSI is too high - DOWN WE GO Post by: target on September 21, 2016, 08:37:58 AM Guys, may i know which trading platform are you using and how did you set up your RSI levels? I don't understand see indicators on some exchanges actually. can you also post some screenshot of your platform please. Title: Re: RSI is too high - DOWN WE GO Post by: Denker on September 21, 2016, 08:46:57 AM RSI alone can't be used as an indicator to buy or sell, or whether the price is going anywhere. The relative strength index somehow tells us if bitcoin is either overbought, oversold or within normal range. I think the last time I saw it reach overbought levels, we were at the mid $700 levels, and I knew then that the price would go down anytime soon. But right now, I think we are in the normal range and I don't think it is affecting how the price behaves in the last few days, also given the small volume of transaction we are seeing. I agree. You could have also named several other indicators or oscillators why the price should have fallen or increased. So it's a bit more than that.But as usual those threads will get bumped when op was right in 1 of 10 cases. The price dropped how much? 8 bucks? Well let the people go crazy. :D Title: Re: RSI is too high - DOWN WE GO Post by: ~Bitcoin~ on September 21, 2016, 01:58:29 PM As I said two weeks ago. South was right direction. It take two weeks for your prediction to turn out as right, but i don't think we will be going more south/low than $590 level.Title: Re: RSI is too high - DOWN WE GO Post by: LFC_Bitcoin on September 21, 2016, 02:08:39 PM Sling enough shit at a wall & some of it will stick.
Title: Re: RSI is too high - DOWN WE GO Post by: talks_cheep on September 21, 2016, 05:31:51 PM Op, ask, has proven to be right, albeit it took 2 weeks for it to play out.
I believe there's more down side than up side at this point. In my posts and threads, I've often repeated how it will stagnate or fall between July (the halving) and Nov/Dec'2016. Before November 2016, this will go down, 500 and under is very possible. Keep in mind the late Nov/early Dec rise to 800-900. Keep in mind the coming crash in Jan'2017, we're looking at 250 blood bath level. What a wild ride it's going to be! Title: Re: RSI is too high - DOWN WE GO Post by: Shiroslullaby on September 21, 2016, 06:45:35 PM You really think it will drop as low as $250?
What about other coins? Will Etherium or Monero or some of these other coins gain traction? Is the price of some other coin going to go up/ down? Or will only Bitcoin be affected? Title: Re: RSI is too high - DOWN WE GO Post by: talks_cheep on September 22, 2016, 12:21:52 AM You really think it will drop as low as $250? What about other coins? Will Etherium or Monero or some of these other coins gain traction? Is the price of some other coin going to go up/ down? Or will only Bitcoin be affected? I KNOW it will crash hard in JANUARY 2017. Whenever btc crashes, altcoins like ETH and XMR tend to gain. First rule of investing, DIVERSIFY. All you with all your eggs in one basket, you're doing it all wrong. Title: Re: RSI is too high - DOWN WE GO Post by: DeathAngel on September 23, 2016, 06:43:24 PM Op, ask, has proven to be right, albeit it took 2 weeks for it to play out. I believe there's more down side than up side at this point. In my posts and threads, I've often repeated how it will stagnate or fall between July (the halving) and Nov/Dec'2016. Before November 2016, this will go down, 500 and under is very possible. Keep in mind the late Nov/early Dec rise to 800-900. Keep in mind the coming crash in Jan'2017, we're looking at 250 blood bath level. What a wild ride it's going to be! Lol did you buy at 1200 or something, maybe you missed the train. This is a retarded post. |