Meet the New Sentiment Analysis Tools Empowering Smarter Trading

[emjay825]

Gauging the current sentiment towards a particular cryptocurrency might seem trivial compared to more conventional trading techniques such as charting, but it has its place. Ascertaining the mood of a market won’t tell you the best entry or exit point for a trade, but as a broader indicator of which way the tide is turning, it’s extremely powerful. Cryptocurrency traders will remember the euphoria that accompanied last December’s bull run and will, in hindsight, concede that sentiment was an indicator it was time to sell. Most of the time, sentiment analysis picks up on more subtle and scattered cues, which is why it’s a task best left to machines rather than humans to process. More!

[Barmalei]

There is a lot of tools and indicators for trade!!! Many are good on the, but isn't present such with which all would trade always with profit. Everyone selects those which I have studied and which are pleasant

[cryptothief]

https://news.bitcoin.com/meet-the-new-sentiment-analysis-tools-empowering-smarter-trading/?preview_id=209702

Pretty sure you're not allowed to post shortened links, but guessing you didn't realise. I've posted the full link to clear any ambiguity.

[Speaker]

Technical analysis does not work well in the cryptocurrency market, because any good or bad news can dramatically raise or collapse the price.Rather, the growth of crypts depends on people's moods and their faith.