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Hello everyone and welcome to my blog. I'm happy to share my thoughts in this great community as regarding this week's edition of the SEC: S16/W5 and to that effect I would be sharing my positive thoughts immediately.
"How can analyzing sentiment around the STEEM token ok social media provide clues about the community's overall perception and influence price movement" |
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Sentiment Analysis is the spotlight that portrays the emotions, feelings and overall image of a product, commodity, token or asset it could be a big project or a miniature one. The sentiment Analysis could also be the gossip zone as regarding a product activity in the overall market space. It could be positive in some cases and negative in others.
The social media is a special window in which global thoughts, personal exoroemces and reactions to an activity is related. Ot is a great point of great feedback on a product. They give these products standards, giving a positive image in cases where it performs well and negative ones on cases of red flags
Sentiment Analysis aids the STEEM token on social media as these activities poses clue as to the general audience on how well the token is thriving in the market giving chances for upshoot of the token as it serves as "bait" to these investors who want to partner in our project thus revealing it's competence and skyrocketing the investment on the token leading to growth and potentiality of the token.
Picture a scenario, as in the Amazon store, a product posed for sale, which doesn't meet the standards of the consumers say an acne cream the negative review has already set the standard for the product and the company would automatically loose it's audience and customers. This is a pratical explanation therefore the sentiment analysis report on social media can catalyse the price movement upwards or deteriorate its too. Interesting fact, just like the news could affect the stock and contracts on the forex market, so these sentiments analysis report too could d same on and around the STEEM
 sourcesentiment analysis is tracked in reviews |
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"How can emerging trends on social media platform such as Twitter and Reddit be used to anticipate potential STEEM market implication" |
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Emerging activities on social media could indeed affect the anticipation on STEEM market in various ways.
Community Participation:
The impact of the people on Twitter and Reddit could in one way or the other fancy the chances of the potential of the token to skyrocket. The positive thumbs up and the hash tags, the joyful screams all these synchronize to attract our right investors and see the token rise fast.
Project Announcement:
The big shout outs! on the social media as regarding new launch or projects launch in one way or the other has the probability of seeing to it that there is a great shift in success in the token it gathers the audience, investors check out what they stand to gain in these projects either by staking or buying a part of the stock and viola it's a veritable tool to emerging success in the token.
These activities has a role to play in one way or the other to enhance the potential of the STEEM in the market producing a highly positive impact and attracting rightful investors to see to it that there is progress in the token.
"How can sentiment analysis be combined with other technical indicators to enhancing the importance of STEEM-related trading signals? Provide a graphical analysis that illustrates this point of view." |
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Sentiment Analysis can be combined with other technical indicators as a double confirmation on a particular token. It is done in one way using a strong indicator. Today after few weeks of studying this strategy I come up with the idea on the great importance of the Moving Average to ascertain various trading process in symphony with the sentiment analysis report.
Moving Average is a technical tool which gives an overall prediction on the general trend of the market in an asset or trading pair. Showing us whether or goes bearish or bullish, or features of consolidation for too. This is a simple way of explaining the special trading tool.
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screenshot from STEEM/USDT pair on binance
Graphically, from left to right on your screen there are special parameters the left screen shows the (Moving Average 5 and 10 respectively) marked with the red arrows.
- (MA 5 is 🟨) while (MA 10 is 🟪)
Careful analyses shows that for everytime the (MA 5) crosses the (MA 10) in the over bought region there is a brief fall in the price, therefore this is subject to this indicator. It occured more than once and Its not a coincidence. Therefore you would be on the lookout for the right entry point and exact time of exit. Moreso, Price action was used although it's not an indicator but a strategy, the red vertical line shows the point of support where the was a reversal in the trend on hitting the lowest low, therefore sentiment analysis could be used with these tools to ascertain proper result in trading journey.
"What are important consideration when using the sentiment analysis in a volatile market environment and how can it help investors make more informed decision about STEEM? |
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Important consideration as regarding a volatile market is indeed the following;
Predicted Accuracy Level:
Most information at some point could be termed a predicted informed guess which doubts the possibility of gaining a good result, therefore most information gathered during sentiment analysis could be a temporary buzz, or say false breakout on the chart which would mar the prediction. The market is volatile so there must be high predication accuracy levels to obtain more progress.
Time-frame Analysis:
Sentiment Analysis repot let's say had been released and trended for about 4 days ago and without that knowledge you plunge into the volatile market without analysis of the time frame it might boomerang. If you didn't get the signal on the accurate time frame it would be a bad one, therefore consider the time frame properly before embarking on these trades.
Knowledge into Market Dynamics:
There must be indept knowledge into market dynamics and various roles it has to play in one way or the other, there must be knowledge into the various tools to predict the market, analyse the trend and await a double confirmation from sentiments analysis report before taking that relentless dive.
"How can constant monitoring of trends and sentiment analysis on social media provide traders with a strategic advantage in the dynamic STEEM market environment?" |
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Constant monitoring of trends and sentiments analysis could in one way or the other open windows of opportunity of knowing your competitors activities, you could find out what they are doing and also enhance your project.
Constant monitoring of trends and sentiments analysis could also provide you with great advantage as regarding picking your entry point, choosing stop losses as perfect assumption as to how the trend of the market is going and subsequent trends too. Enlightenment into the special token and proper ways to be a profitable investor coul be learnt, few tips on assuming success could be achieved and thus you could get a better experience while trading the volatile market.
| S/N | invited friends |
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| 1. | @steemdoctor1 |
| 2. | @irawandedy |
| 3. | @ngoenyi |
| 4. | @josepha |
to join challenge
The analysis in your post is extremely astute and informative. It is important to analyse the sentiment around the Steem token and understand its impact on the market. I learned a lot from your thoughts.
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Pleasures are all mine my dear friend. I'm really glad you had a great time visiting my article and indeed dropping such Interesting and well articulated feedback on my article. Its indeed a motivation to do more on the platform. Cheers to you my friend for stopping by too.
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Thanks for your kind words! Your article was insightful. Looking forward to more interactions. Cheers
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Hello friend greetings to you, hope you are doing well and good there.
You have given a beautiful explantation of Sentiment. you explain Sentiment Analysis is; the spotlight that portrays the emotions, feelings and overall image of a product, commodity, token or asset. This is very valid one dear friend. Now these sentiments decide the future price of the assets. Good sentiments drive it forward, bring more investors and users to the project, while negative is completely it's opposite.
Project Announcement, and Community Participation are the two big factors that effect the commodity. Ofcourse Twitter and Reddit has very much impact on crypto Currencies. they make it to raise high or dump very low. Your favorite inductor is Moving average and you said watching it along with sentiments Analysis is good option. This is the words of my heart. I believe technical analysis should be watched in combination with fundamentals or market sentiments.
I wish you very best of luck in this contest.
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Thanks so very much for studying the details of my article. The spotlight to these emotions is the sentiment analysis and this can be an instrument to ascertain the progress of the token. The shout outs in project announcement and community participation are the sole efforts which are out in place to bring the positive movement on the tokens too. I enjoyed your feedback on my article and success I the dynamic. These kind words are indeed received with thanks.
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@daprado1999 Your thorough analysis of sentiment analysis and its implications for the STEEM token is incredibly insightful You have explained how social media sentiment can influence market perception and trading decisions with clarity and depth. Best of luck in the contest
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Thanks so much my dear friend for studying my article and leaving such beautiful feedback on my blog. It's a thing of beauty to hear these positive reviews. It's gives a breath of fresh air and fosters motivation to make more research and make out more interesting articles subsequently. I'm really intrigued and success in the dynamics my dear friend
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Greetings
Sentiment analysis is like shining a spotlight on the emotions and overall perception of a product or token. It's like the gossip zone where people share their thoughts and reactions on social media. This feedback can be positive or negative, depending on how well the product is received. For STEEM token, sentiment analysis on social media helps gauge how it's doing in the market. Positive sentiment attracts investors and can lead to growth and potential. Just like a negative review for an acne cream can impact sales, social media sentiment can influence the success of a token. It's all about understanding the audience and their perception.
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Thanks so much for your gracious act of studying my article from the top to bottom. Highlighting the specail points I deserve to hear and leaving behind a very well articulated comment. You are a great blogger and I appreciate every detail of your articles.
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Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
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Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
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Greetings friend,
Analyzing sentiment on social media helps us understand how people feel about STEEM. Positive sentiment attracts investors and can give us confidence in the project. By tracking sentiment trends, we can make better decisions about buying, selling, and holding STEEM. Social media platforms like Reddit and Twitter are great for analyzing trends and understanding consumer behavior in the STEEM market. It's a valuable tool for businesses and researchers. Good luck in the contest
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Thanks for stopping by, the social media is a tool to analyzing the potentiality of these token getting a positive bullish uptrend or a negative free fall in the token. It's indeed a powerful tool and can never be overlooked. I enjoyed seeing you share these great words on my article. Success in the challenge my dear friend too, it's received with great pleasure.
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It's like when you're watching a movie and the spotlight focuses on the main character, revealing their emotions and thoughts to the audience. Similarly, sentiment analysis shines a light on the feelings and perceptions surrounding a product or token, giving investors valuable insights into its overall image and potential.
It is like imagining being at a concert where the crowd's cheers and applause amplify the energy in the room, making the performance even more electrifying. Similarly, positive engagement from the community on platforms like Twitter and Reddit can create momentum for a token like STEEM, propelling its potential for success to new heights.
It's like when you're baking a cake and you follow the recipe step by step, but you also taste the batter to ensure it's just right before putting it in the oven. Similarly, combining sentiment analysis with technical indicators provides traders with a comprehensive approach to evaluating a token's potential.
Good luck
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Thanks so much!
These ideologies are such in symphony with my thoughts. I'm most glad to receive these great analysis through your brilliant interpretation of my article. These are great instruments to enhance the success in the token. The crowd cheering indeed amplifies the intensity in the room, what more çan I say. The sentiment analysis must be a prerequisite to ascertaining positivity or negativity in the potential of the tokens. I'm appreciative for your great feedback and thanks immensely for your time.
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The article provides valuable insights into sentiment analysis and its impact on the STEEM token. Well-articulated and informative!
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Your post charmingly catches the significance of view evaluation, matching it to an emphasis lighting up the feelings together with understandings bordering an item or property. Incorporating view evaluation with technological signs equips investors with thorough understandings, as showed graphically, making it possible for educated choices in the vibrant STEEM market conditions.
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We can easily understand how social media and information can affect people by analyzing the opinions of individuals. This time the price trend of Esteem is increasing day by day. I think most of this price trend is due to more discussion of Bitcoin and a huge change in price. Almost all the coins in the market now have more discussions and price changes than Bitcoin. In this we can easily understand that anything can have many effects in more discussions. The price trend of any coin is one of the biggest factors because they are always analyzing what is next and what is now. It is better for us to share information so that higher people share good opinions. It is normal for the price trend to rise if people's comments are positive and if people's comments are negative then the price trend is down. However, positives are always more visible, so we can easily share positives to increase its price trend. Besides, another thing that plays a special role is the interaction of people with opinions like beauty on the platform. Individuals have to analyze everything through social media to understand how good or bad it will be. Social media contains a lot of information, a lot of content that can be easily identified through analytics.
Regards @shohel44
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Thank so much for studying my article. The great engagement on the cryptocurrency has given a great toll in the positive price movement. You highlighted Bitcoin and it is really true as this has spread out like wildfire to other tokens. There is now great success in the increase in other token. Therefore the active discussion on these assets online is indeed a function of their great potential. Positive talks would yield a great positive uptrend while negative talk would yield asset downfall. Thanks once again for stopping by
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Thank you soo much for sharing participation with us. I am very happy understand your perspective that you know about sentiment analysis and its importance as well as in your graphical representation in which you have applied removing average indicator is really showing that moving average 5 is crossing over moving average 10 so which is indicating a positive trend and we have also observed that from 2 months that trend is increasing either there was correction in between but still overall there is positive trend in future in 2024 it is going to be more positive.
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