Stocks

[walrus]

Stonks and bitcoin only go up


Ha!

[walrus]

Bitcoin about to break 13,000. Wtf this idiot Brocktonballbuster mentions it and it moves up 2k? That is screwed up.

Ha?

[walrus]

Ok bitcoin at 13,500. Wtf. It ran up to over 13,700 first time since 2018. Wtf is going on. Should we all sell our bitcoin and buy back at the crash?

[walrus]

One bitcoin now 15,300. Wtf that’s a 4K+ move since broctonballbuster mentioned it. Is Brockton a bitcoin whale manipulating the price

[NoSavingByTheBell]

I been devising an alogorhythm using the GMMA comboned with a great indicator INHO called the RSI, which removes the lagging aspects of the Guppy Moving Average Method, if youre doing spot or arbitrage. Next trade I'm using GOLDEN CROSS: let me break down the GMMA for amateurs here:
BREAKING DOWN ‘GUPPY MULTIPLE MOVING AVERAGE – GMMA’
The relationship between the two sets of moving averages is used by traders to determine if the outlook of short-term traders aligns with investors who have a longer-term outlook. I often use the Moving Average Convergence Divergence (or MACD) which is a trend-following indicator but not for long-term movements.
I have been successfully identifying Changing trends when the two groups of moving averages intersect. A bullish trend is present when the short-term moving averages are above the long-term averages. Conversely, a bearish trend occurs when the short-term averages are below the long-term averages.

[NoSavingByTheBell]

Sorry I forgot to illuminate what RSI is: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, "New Concepts in Technical Trading Systems."

Although "Traditional" interpretation and usage of the RSI are that values of 70 or above (yeah, right 0 indicate that a security is becoming overbought or overvalued, I have been using it in conjunction with the Guppy Method so I can be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition. But you cant use it in isolation. Unless you have money to burn!

[walrus]

Sorry I forgot to illuminate what RSI is: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, "New Concepts in Technical Trading Systems."

Although "Traditional" interpretation and usage of the RSI are that values of 70 or above (yeah, right 0 indicate that a security is becoming overbought or overvalued, I have been using it in conjunction with the Guppy Method so I can be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition. But you cant use it in isolation. Unless you have money to burn!

It’s funny about the same time you mentioned it the maintenance guy at work started talking about it to me. He likes the no federal reserve “the peoples money” thing and how it came about. I asked him if he had any he said no. I never recommend anyone buy bitcoin but I told him if he really likes it he could buy 10 bucks worth or something so he could be in. I told him a few ways to go about doing so. I saw him Friday he was all pissed off he didn’t. I told him not to worry in a couple months it’ll probably be at 3k again.