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Bitcoin market Sentiment utilising Trading view
Bitcoin and the crypto market is going through correction at the current moment. This is a trial to explore the market sentiment through reviewing the Ideas presented on trading view.
A Search criterion of one-week for most agreed ideas in the Cryptocurrency market presented 59 Ideas in total. 57 of those ideas were about Bitcoin / USD.
BTC None BTC
57/59 2/59
96.6% 3.4%
We reviewed each of those ideas for the presenter sentiment. The analysis of the result was as detailed below
Bulls Bears Neutral
22 23 12
38.5% 40.4% 21.1%
Those who are in the bear category, pointing to a significant support mostly at 2100 with the lowest at 1900.
my observations are
- Bitcoin analysis represents main category for agreement 57/59 on tradingview .
- The current Market status is equivocal with a split between bulls and bears.
- Long term views remain bullish with most of analysis sees reverse of trend is likely to happen at 1900 to 2100 if 2300 line dose not hold.
Bias
- The author has a bias toward bulls in the Bitcoin market
- The sample is limited to trading views website which makes small
https://www.tradingview.com/chart/BTCUSDT/buirJ5oY-BTC-Bullish-with-significant-line-for-support/
Welcome @ehabhamed . I hope you enjoy here as much as I do! Nice post, I will follow your account, please follow me at @rohitrajput and give a upvote to this comment.
Thanks Bro, I am exploring the great Steemit for now and looks like I am going to enjoy it
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