Trader Canfield has learned to predict the price of Bitcoin on tweets

Trader Canfield learned to predict the price of Bitcoin on tweets: the investor discovered an inverse correlation between the movement of prices for crypto-currencies and the mood expressed in CNBC tweets
Trader and investor Jacob Canfield unveiled the regularity he found between the dynamics of the crypto currency market and the mood, which is expressed in the tweets of the American CNBC television channel when it comes to this topic. And, curiously, the dependence is reversed: "after I tested my hypothesis, which CNBC named Bitcoin 4.90% Indicator, I found the following regularity: almost every tweet, talking about the growth of the market in the future, in fact, that we were already at the next local maximum, so it would be necessary not to invest in crypto-currencies, but rather sell, fixing profits before another recession. On the contrary, when I saw tweets full of "bearish" sentiment on the market, this indicated a market turn in the direction of growth. "

As Canfield noted, he took into account only tweets that contain the word Bitcoin.
I filtered only for the word "Bitcoin"

• I ❤️ Crypto (@ ILOVECRYPT0) August 21, 2018

He said that his indicator allowed to start investing on time, when the tweets contained pessimistic moods, and he went out plus 30%, earning a profit.

🚀My @CNBCFastMoney $ BTC indicator is saying go long here for #Bitcoin.

📈Average return on bearish tweets = 30% + Profit.

📊If the indicator holds up, we should see #BTC price rally to $ 8500 +.

🙏Share away, but make sure you follow and tag me.

👇LINK: https: //t.co/djElEzroZn pic.twitter.com/mW5EGUG7Rf

• I ❤️ Crypto (@ ILOVECRYPT0) August 21, 2018

The search for a correlation between the crypto currency market and messages in social media has been going on for a long time. This is aimed at the panel of investor sentiment that Reuters and Bloomberg have. As market analysts say, the main signal for buying crypto currency comes when the same CNBC television station publishes a tweet, which says that Bitcoin has died: it will simply mean that the market has reached a "bottom", from which it will almost certainly start to repulse up.

The methodology of Canfield attracted the attention of the editors of the Fast Money program on CNBC, which in the next tweet about Bitcoin jokingly wrote that he "is neither" bullish "nor" bearish "."

This tweet is neither bullish nor bearish. $ BTC pic.twitter.com/vJMJ0V1fGF

• CNBC's Fast Money (@CNBCFastMoney) August 22, 2018