| Author | Source |
|---|---|
| u/pizza-adventure |
Edit: Lots of apes are asking for the inputs that I use to generate the version of the indicator depicted below. Iāll drop another post that gives you all the specifics š
It may not be the MOASS but theĀ Game of StonksĀ is about to blow the fuck UP!!!
How do I know thisā¦ Well, let me introduce you apes to a little indicator that has done me well in the pastā¦Ā CRSI
For the smooth ones:Ā CRSI is a technical analysis indicator created by Larry Connors that is actually a composite of three separate components. The Relative Strength Index (RSI), developed by J. Welles Wilder, plays an integral role in Connors RSI. In fact, Wilderās RSI is used in two of the indicatorās three components. The three components; The RSI, UpDown Length, and Rate-of-Change, combine to form a momentum oscillator. Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions.
Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions.
Source:Ā https://www.tradingview.com/support/solutions/43000502017-connors-rsi-crsi/
If you leverage the RSI indicator in your TA then youāre basically familiar with the CRSI but there is a catchā¦ The CRSI is a leading indicator which makes it useful in recognizing moves before they happen, which can be beneficial at timesā¦
Anywayā¦ I use this indicator on the 1D chart and have been for sometime now. I wanted to show you apes something. Something that has my tits jacked beyond the typical state of jacked tits. You ready?
Red = Suppression / Green = Run
Why is this important? Well, when I look at this I see manipulation. We all know what was happening around this time and the CRSI was showing how hard the hedgies were keeping the stonk down before the March run upā¦ Literally 18 straight days of price suppression and then āĀ KABOOM!
Fast forward to todayā¦ I started to notice somethingā¦ The CRSI was floored again, just like it was in February but I needed more data to confirm, so I waitedā¦ And guess what you beautiful motherfuckers āĀ WEāRE HERE AGAIN!!
June suppression @ 14 days and counting š
ā ļø KENNYāS FLAT LINING AGAIN ā ļø
Historically, weāve seen explosive price action after such a period of the stonk being oversoldā¦ I donāt know how much longer they have until the next run up,Ā BUT IT AINāT MUCH LONGER!
TLDR; The stonk is oversold at levels we havenāt seen since the March run up, which suggests that thereās going to be a significant price movement toward the upside sooner than later.
TITS JACKED - NO DATES - BUY - HOLD - BUCKLE UP ššā
Clearly, not financial adviceā¦