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RE: Case Study: How Social Media Can Indicate Crypto Market Tops & Bottoms

in #cryptocurrency6 years ago

The biggest battle in trading/investing is overcoming ones's own behavioural biases that are reinforced by the "crowd" effect. In this respect while social media comments are useful data I personally think they serve to amplify the "noise" regardless of whether we are in a bull or bear market.If you believe passionately in the fundamentals of crypto and are a hoddler you need to accept that the road to big profits will be rocky and full of many very painful boom bust cycles. IMHO we have only just started the "anger" phase. Price and moving averages don't lie and they are both going down. Therefore I think we still have a way to go to reach a bottom.