Social media can provide valuable insights in overall community perception and in influence of price movements and fluctuations. Yes Twitter and Reddit are the much bigger example in this category. Technical Indicators, Volume Analysis and Price Analysis you see with market sentiments and give you a perfect data there.
Have a blessed day dear friend.Good luck in the contest.
I am happy that you clearly understand the importance of social media in promoting anything like if we want to promote a project and if we want to promote a blockchain or a particular currency then we can promote it at social media because it could be one of the most strongest way increasing the positive sentiment of a particular project blockchain or currency.
When I talk about importance of overall sentiment of traders and investors as well as market then it is important to analyse the price movements and fluctuations in the future as well as you have explained some of the technical indicators as well as volume analysis and price analysis which are really very helpful to analyse the market sentiment.
By analysing market sentiment it is very clear for us to predict future price movements but still there are risks involved and we cannot predict 100% because it can fluctuate any time.
Thank you much for wishing me good luck in the contest...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit