Stocks

[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.

[walrus]

Well bitcoin broke 17,000 usd. Odd thing is I don’t see a lot of fomo at the moment. It’s not all over the news, internet searches aren’t particularly crazy about bitcoin at the minute. Leads me to believe it’s big money moving the price. I know PayPal announced some bitcoin involvement along with square but that is kind of old news. Basically I was digging around a little trying to see what is behind the sudden spike. A lot of people got burnt on btc when it hit twenty thousand a while back. Bottom line I have no idea. It’s not like a stock where you can read a about, let’s say Apple adding a new service or Berkshire Hathaway buying 1 billion shares of something. I did read JP Morgan put a 300,000 usd price target on btc but if you dig into that it wasn’t J.P. Morgan it was some dude who works for J.P. Morgan. Probably just bought a bunch and wanted to pump up the price.

[TIC]

quick buy stocks in listerine

[walrus]

Bitcoin 18,567 dollars. I give up is it just going to plow through every record now.

[walrus]

https://m.youtube.com/watch?v=-4UD-i27et8 this is what happens when btc breaks 19k, the cat gets happy

[walrus]

[walrus]

Wtf btc at 19,733 usd can’t break 20k