The mood analysis: what most people think of Bitcoin traders?
Source:
Prediction price of digital assets is a collection of otnositelnosti and conventions. Neither technical nor fundamental analysis can not give a clear idea about the future course of cost or altcoins. But in battle all means are good, so some experts carry out the analysis of moods of players in the market.
theHow to read people's thoughts
The Movement of Bitcoin determines the overall condition of the market, a lot of news about BTC can suddenly trigger a pump or drop altcoins. Sentiment analysis around the main cryptocurrency is divided to several parts:
thethe frequency of references to # hashtag #BTC: 55.7% positive reviews against 42.1% neutral. The other negative;
mention BTC in social networks: the number of positive posts three times higher than the negative;
index of greed and fear (version Alternative.me): among traders is dominated by greed. The same results can be judged according to CNN Money.
Bitcoin has also managed to settle in the area of $ 4,000, which certainly plays into the hands of the bulls. Unfortunately, the cryptocurrency is not yet able to break through this level in one confident movement upwards, so some market players are still cautious.
But with aldonaj the situation is not so good, but not bad. Towards the top coins by market capitalization traders remain neutral. Judging by their posts online, most still refrains from open trading positions on altonah and waiting for a new movement of Bitcoin.
Source: The Wolf of Wall Street
We recommend you to build your trading strategies in the same vein. While BTC may not penetrate some key levels — including it is not necessary to purchase the Alta «.».
On the latest market news can always be found in our . Relevant courses coins .
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