Crypto Sentiment Analysis: All You NEED To Stay Ahead!! ?

Crypto Sentiment Analysis: All You NEED To Stay Ahead!! ?

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?Essential Videos?

Cryptocurrency Technical Analysis Tutorial ? https://youtu.be/ltcnTTeDFjY
Where Crypto Fits In The Finance Market ? https://youtu.be/8a0LGCMrjAA
How To Sell The Crypto Top ? https://youtu.be/W5MCQJR-yWA
How To Buy The Crypto Dip ? https://youtu.be/Prkv45GfGUg
Cryptocurrency Trading Bots Explained ? https://youtu.be/ye3nUsbegGI

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– TIMESTAMPS –
0:00 Intro
2:12 History of Sentiment Analysis
5:10 How Does Sentiment Analysis Work
8:16 Sentiment Analysis In Cryptocurrency
9:26 Cryptocurrency Fear And Greed Index
11:44 Bitcoin Bull & Bear Index
14:07 Cryptoradar
15:32 Santiment & LunarCrush
17:94 Altcoin Sentiment Analysis Trading
18:43 Conclusion

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⛓️ ? Useful Links ? ⛓️

► History Of Sentiment Analysis: https://arxiv.org/ftp/arxiv/papers/1612/1612.01556.pdf
► How Sentiment Analysis Works (In Detail): https://monkeylearn.com/sentiment-analysis/
► Cryptocurrency Fear And Greed Index: https://alternative.me/crypto/fear-and-greed-index/
► Stock Market Fear And Greed Index: https://money.cnn.com/data/fear-and-greed/?iid=EL
► Bitcoin Bull And Bear Index: https://www.augmento.ai/bitcoin-sentiment/
► Bison Cryptoradar: https://bisonapp.com/en/cryptoradar/
► Santiment: https://santiment.net/
► LunarCrush: https://lunarcrush.com/markets?rpp=50
► Sentiment Analysis “Predicts” Altcoin Prices: https://www.frontiersin.org/articles/10.3389/fphy.2019.00098/full

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?History Of Sentiment Analysis?

Sentiment analysis has been around for a long time but it took off in the early 2000s as social media platforms started to emerge

It was first used by online shopping giants like Amazon and politicians like Barack Obama to gauge public opinion without having to read every single comment. As of about 2010, sentiment is used for trading

?‍?How Does Sentiment Analysis Work??‍?

In a sentence, sentiment analysis involves analyzing a text to determine whether it is positive, negative, or neutral

This is done by assigning a score to each word depending on how negative or positive it is, and then adding all those scores together to see what the overall sentiment of the text is

?Sentiment Analysis In Cryptocurrency Trading?

If you can detect the emotions of investors in advance with sentiment analysis on say, social media platforms like Twitter and Reddit, you could theoretically predict the price action of any cryptocurrency

?Bitcoin Fear And Greed Index ?

The fear and greed index for cryptocurrency is modeled after the fear and greed index for the stock market which was created by CNN’s financial division. Both are updated on a daily basis

Like the fear and greed index for the stock market, the fear and greed index for cryptocurrency is created using an aggregate of metrics that are also worth looking at separately

?Bitcoin Bull And Bear Index?

In contrast to the fear and greed index, the bull and bear index focuses exclusively on bitcoin sentiment on social media platforms, specifically Bitcointalk, Reddit, and Twitter

More importantly, the bull and bear index is updated every hour which makes it more suitable for active day trading.
?Cryptoradar?

The cryptoradar tracks social media sentiment for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP in real time

?‍?Santiment And LunarCrush?‍?

LunarCrush tracks over 2 thousand cryptocurrencies, and you can rank them using any of the 27 sentiment and price-based indicators LunarCrush offers

Like LunarCrush, Santiment tracks a series of social sentiment metrics using data from Twitter, Reddit, and even Telegram for nearly 2000 coins and tokens

?Altcoin Sentiment Analysis Trading?

Sentiment analysis’ forecasting features are more powerful for mid and small cap altcoins. This is because their price discovery is more organic as they are not the focus of market manipulation

Even though many mid and small cap altcoins are also manipulated from time to time, usually that manipulation is coordinated through social media

Because most if not all this information is out in the open, sentiment analysis indicators can often let you get in early and sell right as that pump is peaking

Even so, be weary of how that sentiment data is being collected

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? Disclaimer ?

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #analysis #greed #fear #bulls #bears

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