| Hello SteemitCryptoAcademy a warm welcome to you all here. |
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This is me @kathy-cute from Philippines and you are here Reading my Blog. I hope you all are enjoying the current season here. It's an honor for me to participate in this beautiful contest. This is my participation in a contest Navigating the STEEM Token.
How can analyzing sentiment around the STEEM token on social media provide clues about the community’s overall perception and influence price movements? |
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Sentiments and people's believe play a vital role in driving the market. It greatly influence the price of the commodity or asset. Same it has great influence on Steem token too. If their positive perception of traders about STEEM on social media platforms, it will help positive impacts on Steem, and if it has some negative rumors speculating about STEEM, it will badly effect STEEM.
The best example we have is of Twitter, if there is something positive on Twitter and a specific project, in nights it's price pump to the moon, and if something negative about it, it dump badly. Same is Insta, Facebook and YouTube trends too. These are the major social media platforms too.
Now let's talk about how sentiment analysis around the STEEM token on social media provide clues about the community’s overall perception and influence price movements? Let's take example of STEEM in Current scenerio.
These days we are about in the phase of crypto bull run. BTC halving is about a month away. We have all side the news of Crypto and BTC in finance market. A great liquidity is entering the market. Just in some months crypto market, marketcap jumped from 1.5Trillions to almost 2.6 Trillions. The reason of such a huge liquidity is BTC is trending. So same if we try to make steem Token in trending it will greatly it will need our community efforts, and by doing so we can see a huge liquidity in Steem and too many investors will get attracted towards it. It's easy to use social media platforms achieving this goal.
How can emerging trends on social media platforms, such as Twitter and Reddit, be used to anticipate potential STEM market implications? |
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Twitter is known for making trends world wide. Anything become a trend on Twitter gain it's value. It could be anything, maybe related to sport, finance , entertainment world or any other. The same it effects a crypto asset greatly. If we see any coin in trending, it always bring a huge liquidity to that crypto currency. A huge amount of investors and traders put their portfolio in that coin and trade on it.
Social Media impacts and effects on a crypto assets.
• If a Coin become in trending on Twitter or Reddit it always bring a huge liquidity to that coin. Too many people invest in it and we see a huge volume in it those days.
• Overall the marketcap of a coin is increase and it help in gaining it's price too.
• We have ranking of coins on coin marketcap, if a coin become popular and and gain liquidity and it's marketcap increases, it's Ranking also get to the top. In crypto many people prefer top 100 crypto currencies. For a coin being in top 100 means a great achievement.
Most of the time we see a crypto market is run by fud and fomo on social media. The most recognizable face is Elon Musk. His one tweet can take a coin's price to the moon and can also dump it very worse. We have example of DOGE and Bitcoin. Some years ago we saw his tweet about Doge and it's price got shooted. The same he twitted a few years ago that Tesla stopped taking BTC as their payment method and we saw A huge crash it BTC's price. I think it got dump from $60k to $28k level. So this is very true that social media trend do effect a crypto asset.
How can sentiment analysis be combined with other technical indicators to enhance the importance of STEEM-related trading signals? Provide a graphical analysis that illustrates this point of view. |
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Yes sentiment analysis in a combination with indicators give a too good results. Sentiments is raises by the fundamentals news in the market, while Technical indicators give us technical analysis. Now our strategy should be like; we should see a crypto currency both technically and fundamentally. If technical analysis give us green signal or buying signal, but fundamentals are going against that coin, we should be aside of such a coin. We shouldn't take any entry in it. Sometime a coin give us bad technical signal, but fundamentally it's strong, so taking entry in such a coin is risky too.
On the other hand if a Coin give us good news both fundamentally and technologically, we should find it a golden chance a never miss it to go for long position. If you are a future traders, bad fundamentals plus bad technical analysis give you a very good selling signal too. It shows the price will dump from this position.
Let me show some favorite indicators of mine here:
1) Fibonacci Tool.
This tool gives us different retracement levels, and retracement is the most common phenomena happening in crypto. four hours chart showing us Steem has gone up to $0.4, which we call a current high, then took retracement and now going up again. Most probably we see steem above $0.4 in upcoming days. It has done taking it's retracement. Now it's trading near a golden level of $0.38. If it is able to cross we can see Steem bullish in future.
Now technically steem is giving us good signal, we should watch it in combination with fundamentals news. If fundamentals are good for Steem, we can say Steem has 90% chances of going up.
RSI
RSI stand for Relative Strength Index. It is too much simple tool, only have two levels. 70 levels and 30 levels. In this graph we can see Steem is in over bought region. It shows steem may take retracement from here. Now it should also be watched along with fundamentals of steem.
What are important considerations when using sentiment analysis in a volatile market environment, and how can it help investors make more informed decisions about STEEM? |
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A volatile crypto market is always called a risky. Crypto itself is too much volatile and if the market is in volatile situation, it becomes double risky. According to all the experts, they say not to trade in volatile market.
How to overcome/Tickle volatile market?
Use Technical Analysis tools and fundamentals in combination
Use as many valid and authentic tools in combination as possible. If you have strong command on technical analysis you can still survive in volatile market. Technical signals should be watched along with Fundamentals news too and make decisions based on it.
Always try to be aware of fud and fomo in the market. Wrong news may make you come up with potential lost in your portfolio.
Always try to keep an expert mentor, who have great and many experience of crypto. He will guide you what to do. Must follow his advice.
You should have proper risk management. In volatile market you must keep your trade with a ratio of 1:5 or 1:6. This should be minimum, in order to avoid any great lost.
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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It has been discussed many times in this post that trend on social media greatly effect the crypto market and an individual crypto coin too. Infact some experts are of the view that, crypto market are run by these trends on social media. Trends in favor of the market or a crypto asset make it more attractive for the investors and it results in huge liquidity in it and negative trend is it's opposite.
Now being aware of the importance of trends in crypto market, we should always be aware and monitoring social media and follow it's trends. We should have a sharp eye on it.
Talking about Steem and Steemit, social media trends will greatly effect it, because Steemit in itself is a social media platform. Plus it is more near to the topics of AI, technology, advancement and stuff like that. If these things are in trending, we can see their impacts on Steem and Steemit too. Along with it if their is specifically trend related to STEEM, it will greatly increase it's marketcap and it's value will increase greatly.
So now for example I am interested in Steem project, I should follow everything related to it on social media. AI must be aware of news and statement about it on social media. If someone is interested in other crypto currency he should follow all the things related to him, and will check it's reputation on social media.
| My deep heart invitation to my dear friends :@cive40, @jasa107, @nathalidelgado, @emsonic, @elrazi, @safridafatih, @hotspotitaly, @hardphotographer, @beemengine, @tommyl33, @nushrat, @reetuahlawat, @carlaisl |
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Have a nice Day ahead.I know You must be someone beautiful with a beautiful heart. I know you must be someone cute/handsome. I wish you too many blessings in life. |
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Regard kathy-cute
I would like to say that your thoughts on the navigation of Steem tokens are very inspiring and informative. Explaining the impact of sentiment analysis on social media was particularly unique. Best of luck and looking forward to your future articles.
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Hello friend greetings to you, hope you are doing well and good there.
You have said that, Sentiments and people's believe play a vital role in driving the market. It greatly influence the price of the commodity or asset. This is very well said, I completely agree with. It's people's sentiments and believes the create fud and fomo in the market. You are very true in saying that sentiment drive the market. You have quoted the example of Elon musk, ofcourse he is very influential figure and his tweet can do many things to the market.
You are using some beautiful indicators, also in my favourite list too. This is very perfect that Analysis data bring out from these indicators should be watched in parallel with market sentiments and fundamentals. You have mentioned some beautiful ways of countering a volatile market. It's really nice to read your post here.
I wish you very best of luck in this contest.
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Appreciate your beautiful response my friend, it's honor for me an expert like you praising my post. More love 💝
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Hey @kathy-cute greetings from the Philippines! 🇵🇭 Your insights on navigating the STEEM token are incredibly insightful and well-articulated. I particularly appreciate your explanation of how sentiment analysis on social media can impact STEEM's market dynamics. Best of luck in the contest
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Best of luck to you too my dear friend in the contest. Have a beautiful day.🥰
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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,
You are very correct. Sentiments and what people believe really have a big impact on the market, including the price of assets like the Steem token. If traders have a positive perception of STEEM on social media, it can have a positive effect on its value. On the other hand, if there are negative rumors or speculation about STEEM, it can negatively impact its price.
We can see this influence on social media platforms like Twitter, Instagram, Facebook, and YouTube. When something positive is said about a project on these platforms, its price can skyrocket. But if something negative is spread, it can cause a significant drop in price.
Now, let's talk about sentiment analysis specifically for STEEM on social media. By analyzing the overall perception of the community through social media, we can get clues about how it might influence price movements. For example, in the current scenario, with the crypto bull run and BTC halving approaching, there's a lot of news and liquidity entering the market. If we can make STEEM trend and attract attention on social media, it could lead to increased liquidity and more investors getting interested.
So, community efforts and creating positive sentiments around STEEM can really make a difference. Let's keep spreading the word and see how it positively impacts the token.
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Honor for me to see your beautiful comment here. Thank you so much.
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Greetings my friend @kathy-cute! 🌟 Your insights on sentiment analysis impacting STEEM's market are spot on! It's will probably a social media rollercoaster affecting prices. Let's spread positivity and navigate STEEM to new heights! All the best in the contest, success for you! 👍
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Thank you so much for your best wishes my friend. More love 🥰.
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The vote was removed because your account is suspected to be a farming account. Do the needful and verify the authenticity of your account.
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Thank you so much for the big support.
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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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Your beautiful comment embrace me an honor, thank you so much friend.
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Hello friend
You shared how much you admire the activity on social media. You cited the Twitter as a special space is vital as most engagement makes token rise at night and least engagement causes an automatic dump. You stressed the BTC halving is quite close as it caused liquidity. Most importantly the active engagement would be a function of the liquidity on STEEM. I enjoyed your entry and success in the challenge my dear friend
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I am glad you admire my work. Thanks from the deep heart to support & comment. More love for you friend.
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Hello friend
It was one of the most delightful experience to read your post from which I know that you have presented yourself with your own understanding and some of the calculations that were basically technical analysis of you and you have observed sentiment clearly on the basis of which you are showing your personal analysis on each and every question.
I am very happy that you clearly know about importance of sentiment. Sentiment plays a great role when you have to make price predictions about particular token as nowadays we all are very curious about STEEM so first according to your own analysis you have observed over all market cap of cryptocurrency and you have observed that marketcap has increased from 1.5Trillions to almost 2.6 Trillions. So this is a positive triangle we all have observed and observing still until Bitcoin halving event.
As well as I am happy that you have applied two indicators to show a graphical representation of steem price and first of all you have applied Fibonacci retracement by using Fibonacci sequence and according to your observence there is 90% chances of increase in its price as well as when I talk about relative strength index then there are over buying conditions so it means that there are more chances of increase in its token demand.
I am really happy to read your post because you have summarised all the points which shows your comprehensive understanding and grip on this topic I wish you good luck and success
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Your comment give me more energy to work hard here. Thanks from the deep heart to support & comment. More love for you friend.
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It was really my pleasure to be here at your post and this is really very encouraging for me that you respond back so I want to advise you to be original and to stay consistent in your hard work so that it may brings fruit for you.
Again I wish you success and good luck.
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Your informative evaluation highlights the extensive effect of belief as well as idea in driving market characteristics especially noticeable in the STEEM token's community. Leveraging social media sites fads like Twitter and also Reddit allows expectancy of market effects, affecting liquidity as well as financier belief. Incorporating feeling evaluation with technological indications supplies an extensive technique to trading choices stabilizing both basic as well as technological elements for ideal outcomes.
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Nice to see you here, thanks for your beautiful comment friend.
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You are always welcome my friend kathy
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Analyzing was very good of you. Graph charts work much better in the market. Social media is constantly publishing graph chats. People find it easy to take any decision easily by analyzing graph charts. People discuss the pros and cons of social media platforms. On all circles a large content of price increases works and prices work down. Check correct information is shared on social media and many people invest based on that information which helps them a lot. It is easy to identify how well it will do by analyzing only those who are high people who have son coins. That's why we always have to follow high profile people on social media. A lot can be learned by following them as the top individuals invest in the price trend ups and downs. And marketers always highlight the positives as well as the negatives. Wishing you success in the competition.
Regards @shohel44
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Las redes sociales son los medios de difusión eficaz donde se establecen las tendencias, monitorearlas es importante así como seguir las opiniones y debates en torno a los temas de interés de personalidades influyentes y reconocidos por su experiencia.
Verificar que las fuentes sean confiables evita el FOMO o el FUD, la manipulación está a la orden del día.
Gracias por compartir tus conocimientos.
Te deseo el mejor de los éxitos.
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Hello dear
Thanks for sharing this great information about steem token. I'm glad to read your article and force me to read more your articles. Getting position in top 100 is the great for every coin. Many success to you.
Greetings from my side
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