What is Crypto Market Social Sentiment Analysis?

Suba

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In general, traders and investors use social sentiment analysis of the crypto market for short and medium term analysis, which is combined with fundamental and technical analysis as a basis for decision making. The concept of market social sentiment analysis will exist in all financial markets, be it crypto, stocks, and forex.

Market social sentiment is a collection of the behavior of investors and traders towards a crypto, which measures the mood and psychology of the market which has the power to affect market cycles.

Traders and investors will involve the understanding and behavior of social media users towards a particular cryptocurrency. Traders and investors can also be assisted or use available platforms to analyze market social sentiments such as natural language processing (NLP), machine learning (ML) and artificial intelligence (AI) technologies.
 

Golden9

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I simply like to use the market sentiment indicator, though sometimes it's not really accurate. You buy when it's below 30, and you consider selling above 70.
Sometimes, price can keep falling or rising for a long while in those ranges.
 

Suba

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Of course if you buy Bitcoin under $30k, and you consider selling targets above $70, it may take a long time at least you have to wait for 2025, which is predicted to form a new ATH.
 
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