When I talk about analyzing sentiment around the STEEM token at social media then it can provide valuable insights in overall community perception and in influence of price movements and fluctuations.
There are different social media platforms such as Twitter, Reddit, and Telegram are most common areas for cryptocurrency lovers, including the STEEM community. By proper monitoring and analyzation of the sentiment that can be expressed in discussions, comments, and posts related to STEEM, we can understand very well that what's the actual people,users or community perception and thinking about STEEM token.
When I talk about sentiment analysis then there are some particular techniques involved with it for classification of different types of sentiments either they are positive negative or neutral so sentiment analysis in this way is performed at large scale so it engage millions of people at social media to gauge and rule out that what is actually overall community sentiment towards this specific token.
These are I am showing that how sentiment analysis provide hints about overall community perception and influence or effects at price movements:
Community Sentiment
If we are analyzing sentiment, then easily we can know how positively or negatively the community perceives or think about overall health and robustness of the STEEM token. Positive sentiment would be indicated to foster a sense of optimism, increased excitement level, or confidence in overall potential of token, while when I talk about negative sentiment then it would increase challanges,concerns, criticisms, or doubts related to different uncertainties. When I talk about changes in sentiment with the passage of time then they can provide valuable information when I talk about evolving of STEEM token.
Market Sentiment
The sentiment which community is showing is basically one of the most influential at market sentiment which can show a lot of effect at overall movements of price so I can say that if there is a lot of social media promotion and their are all out of positive discussions about this token STEEM then it could be a great source for attracting more and more investors users and traders so now it is understood for all of you that it would increase demand of the token in this way and potentially would results in out in its price as well as when we talk about opposite scenario of it then we can we can say that if there are negative discussion related to this token then it would act as a discouragement of investors even for those who have plans to invest here and in this way selling pressure would increase result in dump in price of this token.
News and Announcements
Sentiment analysis is one of the most helpful tool and technique for the identification of community reaction after hearing different kind of news and updates related to STEEM token. Again I am discussing first about positive sentiment that if it is then it would cause a significant level of development like it could be in the form of any innovation of new feature which would be the bull run indication and on other hand as a result of fake news announcements updates and rumors overall cause negative sentiment to build so this news could be in the form of some risk associated with a particular token and some challenges that could be horrible so it would results in bearish trend in market.
Influencer Impact
Sentiment analysis is also helpful to get know how about a particular individual or a particular investor in STEEM community so if there would be monitoring of sentiment which is presented by some of the influential figures can let us know about impact of community perception at moment of price of this token.If there is positive sentiment so many member of the influential community then it would foster a sense of enthusiasm and it would be a source of attraction for more and more investors and especially new users and vice versa.
There are different social media platforms like Twitter and Reddit that could be very helpful in providing us information about anticipation of significant implication for STEEM market.
Real-Time Information
We all know that social media platforms have real time nature so it can provide information of minute to minute. If you want to stay informed about the latest news and new updates and developments so you should monitor topics that are in trending and discussions that are in trending at these social media platform which are related to STEEM. Anticipation of market trends are very important and helpful to know from the real time information.
Early Detection of Trends
Through social media platform it is important to early detect different trends because suppose if anyone is promoting social media at Twitter then it is understood that when everyone see the promoted tweets of steemit posts suppose then he would know about the platform and someone would develop in first in navigating about the platform and Mount develop chain and token.
This is I have also provided you an example from my personal Twitter account in which you can see that I am promoting some of my recent posts at Twitter and everyone is free to see these posts.
We can identify different patterns and trends that are emerging newly by analysing different discussions different specific hashtags and conversations that are surrounding STEEM so early detection of emerging trends is very helpful in anticipation of market implications and in this way and in this way anyone can make inform decisions.
Sentiment Analysis
When ai talk about sentiment analysis then is one of the most powerful tool in having any understanding that but people have perception about STEEM related discussions. We can analyse the sentiment that is expressed in suppose in comments and post by general people and by this we can check the over all sentiment of the community and general uses towards this STEEM token. Again I can say that positive sentiment would increase level of enthusiasm and excitement which would increase in pump in its price its situation becomes opposite to it and it would be the negative sentiment then it would address and comes with negativity and most of time selling pressure increase which results in dump in its price.
Influencer Insights
Influencers and experts can also definitely show their perception about this token at social media platform so as there are different followers these experts and individuals have so for that reason they can shape in their own way conversation around STEEM discussion and can make this token more recognised also. If we are proper monitoring their post ,tweets and discussions then we may predict and show our perspective regarding STEEM market.Influencers are also very helpful in giving early signals of market implications due to the level of expertise which they have.
Crowd Wisdom
By knowing about discussions and particular opinions of different individuals at wider social media platform we can know many more things about collective wisdom of crowd. Ideas that are related to crowd can help in identification of emergency opportunities and anticipation of market implications.
Networking and Collaboration
In between professionals ,different researches and experts social media platform can be a great way in facilitating of network and collaboration so by active engagement with these communities their could be more stronger relationships exchange ideas we can develop and we can spreads and innovations to others and networking could be a great way in providing us insights about market implications that can drive advancements in STEEM market
From my above discussion you all know that is the importance of sentiment analysis in understanding over all the community perception about STEEM.Either through sentiment analysis we have observe positive sentiment or negative sentiment it would be the indication of bull run by attracting investors and users and it would be the indication of bearish trend with the increasing selling pressure respectively.
When We combine technical interviews with sentimental analysis then we can know more comprehensive and extensive view of market and trading signals could be more enhanced we can see because it is multi directional approach we can say another words for making it more clear. Sentimental analysis can be combined with technical indicators in the following ways I am explaining below;
Price Analysis
Price analysis is one of the fundamental is when we talk about trading first because through this we can analyse historical patterns of STEEM due to which investors feel much easy to identify the patterns and understanding and support and resistance levels so by the combination of it with sentimental analysis correlations between sentiment and price movements can be seen by traders.As I an example you can take my above quoted text which is below;
If there would be positive sentiment or negative sentiment it would be the indication of bull run by attracting investors and users and it would be the indication of bearish trend with the increasing selling pressure respectively.
Volume Analysis
Volume analysis is really helpful in providing information about buying and selling activity of STEEM.If there are higher trading volumes the it is most often indication of increased market interest and participation. When volume analysis are combined with sentiment analysis, traders automatically try to implement correlations between sentiment and trading volumes. As an example you can say that ;
If overall sentiment is positive and there is a surge in trading volume, then it is indicating that buying pressure is increased leading to increase or pump in price but on the other hand, if sentiment is negative and there is a downtrend in trading volume, then it might be possible that investors are not interested in investing because of any negative update and hence price automatically decline due to increase in selling pressure.
Technical Indicators
There are particular technical indicators(I have already talked about them many times in my previous participations too),like moving averages, oscillators, and trend lines so these are those which are commonly used by traders for identification of entry and exit points.If we are going to combine them with sentiment analysis, traders can take sentiment as additional confirmation for making their trading decisions.As an example we can say that;
Suppose there is a technical indicator suggest bull run, and sentiment analysis is showing positive sentiment, it may build up the confidence level in the trading signal.Oppposite to that situation, if a technical indicator suggests any thing negative so it would show bearish signal, and sentiment analysis suppose is indicating a negative sentiment then now after combination of both it could reinforce the bearish trend.
Now this is all about below my graphical analysing
Two days ago i analyzed market in detail. I observed BTC/USDT charts in detail and now I am trying to explain in the light of technical analysis.
ACCUMULATION
If we see the chart of 4 days ago we will see the accumulation which is the state comes after down trend . In this state the traders hold the btc for sometime in case of smart money trading . When they hold for sometime then most probably after thi act the supply is decreased and demand is increased and according to Richard wychoff's law of supply and demand , the market pumps again and we see up trend again. Keep in mind the accumulation is a form of sideway trend.
UP TREND AND VALIDATION
Now we can see the uptrend as i have marked in the chart. This is not the fake bull because we can see the volume also. Price is increasing with the increase in volume which means that this is real pump aur bull trend which is also called validation . It can be seen very clearly that if volume is high the price is also high and if volume is low price is also low which supports the term validation
DISTRIBUTION AND MARK DOWN
After mark up market again shows sideway trend for sometime most probably this sideway trend indicates the state of distribution . In this state the smart money traders starts distribution and then make entry again and starts selling . It is not necessary that after distribution the market will definitely show the down trend but we can say that most probably the market will show the down trend. Sometimes in special case after distribution the market again starts up trend but in most cases we observe mark down after distribution. We can also observe here the validation according to Richard wychoff's law of effect and results.
HALVING AND BURNING
Here we can discuss wychoff's law of supply and demand. Here we can say that before burning the BTC we are seeing real pumps and which means that after halving it will realy take a great uptrend in history. According to law of supply and demand after burning the supply will decrease and demand will increase so BTC market will definitely gain a real pump . According to experts there are many predictions of real pump in the future after halving.
Yes according to my knowledge there should be some of considerations while we are using sentiment analysis in a volatile market or fluctuating market so here I'm with you to discuss all things in detail.
Real-time Analysis
In a market which is fluctuating sentiment can change in a quick way so this is very significant to use sentiment analysis tools that can be be a great wt of providing real-time data and updates. Real-time analysis is permitting the investors to stay on top of the latest sentiment trends and to show their reaction in quick way for alternating market conditions. By continuously monitoring of sentiment in real-time, investors feel easy to have their knowledge in identification shifts in market sentiment and regarding to that they can adjust their trading strategies.
Accuracy and Reliability
The accuracy and reliability of sentiment analysis tools are also significant which can never be neglected too.With the fluctuations in market, even small fluctuations in sentiment can have a potential impact at trading decisions and can totally change decision making strategy too.Thats why it's very significant to use sentiment analysis tools with high level or extent of accuracy for detection of sentiment from different sources like social media posts, news updates, and from discussions on forums. Investors should also keep in mind about the reputation and record of the sentiment analysis for providing one of the most reliable outcome measure.
Contextual Understanding
Sentiment analysis should go further also than classification of sentiment as positive, negative, or neutral for more and in depth understanding or knowledge. That's why its very significant to keep in mind the context in which sentiment is going to be expressed.As an example I can explain it like this;
If there is a negative sentiment about STEEM towards a recent news event which is not actually well defined so here there is a duty of investors to delve into deep understand of the underlying or in depth reasons behind the sentiment and to evaluate that how it could be relate with their investment decisions.
Sentiment Aggregation
When all know that market is very volatile so sentiment can be distributed and spread across different platforms and sources. Investors should think about using sentiment aggregation tools which can be helpful in collecting sentiment data from different sources and provide a collective outlook on it as a result. Aggregating sentiment is helpful for investors to attain more extensive understanding of the overall sentiment either it is positive or negative towards STEEM and helps in minimization of challanges or risks that are linked with reliance on opinions in which there could be biasness.
Sentiment analysis is very helpful for investors in making informed decisions about STEEM in fluctuating market but how I am explaining here;
Early Warning Signals
Sentiment analysis can play it's role as an early warning system so in this way it makes investors alert to significant shifts related to overall market sentiment. By detection of any changes in sentiment before they are reflecting in price and trading volumes, investors are easy in the anticipation of market movements and in this way they can take proactive or in other words you can say precautionary measures.As an example I can say;
If sentiment analysis have shown a sudden surge in negative sentiment towards STEEM then it means that there may be a possibility that investors would keep in mind to take in consideration to minimize their exposure or implementation of risk management ways.
Contrarian probabilities
Sentiment analysis can be helpful in identifying contrarian chances so if sentiment is too much positive or negative, it may indicate an overbuying or overselling condition.So in this way it reflects increase investing interest of investors or decrease investing interest of investors respectively.
There should be constant monitoring of trends and sentiment analysis on social media so that it may provide traders with an advantage in the dynamic STEEM market ecosystem.
Real-Time Market Insights
Social media platforms are helpful in measurement of real-time information and opinions.With constant monitoring level of social media trends and sentiment traders can have clear understanding into the current market sentiment towards STEEM.Traders in this way can identify trends which are emerging
and can gauge overall general people or in other words public opinion, and can also remain updated about latest news,trends and developments.So here you can understand now that how is real-time information giving traders a competitive edge by permitting them to make informed decisions depending on current market sentiment.
Early Detection of Market Shifts
Social media platforms play their role in discussions and debates about cryptocurrencies like STEEM. When you analyze sentiment at social media then it becomes easy for traders to detect early signs of market shifts.As an example I can say that;
If there is a rapid increase in positive sentiment towards STEEM at social media, it would be the indication of a potential price increase . On other hand if there is a minor gap or a surge in negative sentiment then it going to suggest a declining trend. By having knowledge and understanding of these shifts before the time,traders can adjust their trading strategies according to them and can take benefits from market movements or fluctuations before getting them more well known .
Identifying Influencers and Opinion Leaders
We all know that at social media platforms there are multiple influencers and opinion leaders that can significantly have major impact at market sentiment. When you would monitor sentiment at social media platforms then traders would identify these influential individuals and would able to read and save their different opinions and recommendations related to improvements in blockchain that they want to give regarding STEEM.So by following perception or recommendations of these influencers it would be much helpful for them to having an understanding of factors that are responsible for driving market sentiment.So now you can conclude that how this information is useful in validation and to challenge and setting traders own trading strategies and make them are to make more informed decisions.
Sentiment based Trading Strategies
Sentiment analysis at social media could be a major tool for development of trading strategies that are sentiment based.Traders can use sentiment analysis for identification of patterns and correlations between social media sentiment and price movements of STEEM.As an example I can say that;
If there is positive sentiment at social media which is continuously preceding and results in price increase so in this way traders can develop a strategy which involves purchase of STEEM tokens if sentiment is turning positive.So with the incorporation of sentiment analysis into trading strategies, traders can significantly increase market sentiment and can improve their resulting trades.
Risk Management and Mitigation
Traders can manage and mitigate risks by continuous monitoring of sentiment at social media. By having a clear understanding about negative sentiment it is easy for traders to identify significant risks, challanges or negative news which is surrounding STEEM. This is permitting traders to think about implementation of certain precautionary measures like they can adjust their positions, they can set stop-loss orders.As well as, sentiment analysis is helpful for traders to rule out the effects of market events or news.
Greetings friend,
Analyzing the sentiment around the STEEM token on social media is super important. Platforms like Twitter, Reddit, and Telegram are where all the crypto enthusiasts hang out, including the STEEM community. By keeping an eye on the discussions, comments, and posts about STEEM, we can get a real sense of how people feel about the token. And you're right, sentiment analysis helps us classify those feelings as positive, negative, or neutral. It's a big task that involves millions of people on social media, but it gives us a good idea of the overall community sentiment towards STEEM. Have a great day and I wish you all the best.
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Greetings to you too again 😀
I again want to say that I am happy to see your comment but I can understand that you have not posted it two times but it could be an error give to which this is you have commented same comment at my post second time but overall this is very encouraging for me and I just want to say that together we all are here for making the platform more stronger by our Crypto related discussions and by showing our knowledge in it.
I also wish you all the best...Stay blessed....
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We support quality posts anywhere and with any tags.
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Thanks @malikusman1 for a positive support
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Your insightful analysis on sentiment analysis for STEEM trading is truly impressive I appreciate how you have covered every aspect comprehensively from monitoring social media trends to combining sentiment analysis with technical indicators. Your graphical analysis adds a nice touch too. Wishing you the best of luck in the contest
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Thank you so much for your kind comment at my post and I am very happy that you really like the way in which I navigate the STEEM token as well as thank you so much for appreciating me due to a reason of monitoring each and every respect of questions in a comprehensive way as well as I'm happy that you really like my extra effort that I put in showing my graphical analysis.
Thank you so much for wishing me best of luck 🤞💕
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Always analyze on social media data to increase the price trend of Steem. Also, new investors should analyze any currency with proper information. The currency of social media where people's good friends make bad comments is highly discussed. The more discussions are positive the more the coin's price will trend. Coins that emerge negative will continue to trend downwards in price.
You have shared a lot of beautiful participation with us. Good luck in your competition.
Regards @shohel44
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Thank you so much for your response at my post as well as I agree with you that we should always make analysis of STEEM price movements by knowing it's over all market sentiment and by knowing that how people of community are attracting towards it and for this this and need to involve social media in this context so that by the interest of people who are involved and who want to involve in STEEM we can think about its feature and we can make more precise future price predictions.
I agree with you that investors should also make strong fundamental and technical analysis before getting involved in any cryptocurrencies and before making any decision related to their investment so that they mistake there investment strategy in their best way by proper management of risk of loss.
Agree with you that at social media everyone is free to share their experience and to share their perspective about a particular currency so for that reason if we see that there are much good comments about a particular currency then it means that people are going to attract in this Crypto currency so its price future would be brighter and if people are posting bad discussions and bad comments about a particular currency then it means that they just want to get stay away from that particular currency so it is an negative sentiment over all.
I appreciate your comment at my post and thank you so much for wishing you good luck in this competition and I am also going to visit your entry to and hopefully it would be as informative as your comment is...
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Your beautiful attitude is very nice. I did not expect you to give feedback so nicely. Thank you very much for your nice feedback.
We should all share the right information on social media. Not only Steam but anything should share accurate information on social media. Besides, many confusing tax cases can occur due to incorrect information. That's why we will share as many accurate comments as possible. Wishing you success in your competition.
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It was my pleasure to give you feedback and I am happy that you clearly understand through my extensive comment that how we should share information at social media and what is the importance behind it and which is the relationship of sharing information and social media platforms in sentiment and thank you so much for wishing me a lot of success I also wish same for you
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Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
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Thanks 👍
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Greetings friend,
Analyzing the sentiment around the STEEM token on social media is super important. Platforms like Twitter, Reddit, and Telegram are where all the crypto enthusiasts hang out, including the STEEM community. By keeping an eye on the discussions, comments, and posts about STEEM, we can get a real sense of how people feel about the token. And you're right, sentiment analysis helps us classify those feelings as positive, negative, or neutral. It's a big task that involves millions of people on social media, but it gives us a good idea of the overall community sentiment towards STEEM. Have a great day and all the best.
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Greetings to you too 😄
What is STEEM token market sentiment and invester sentiment it is most important to know that's why analysing sentiment is very important to know that how much this token is well known as well recognised.
I agree with you that there are different platforms like Twitter and telegram as you are talking at which we can promote a particular cryptocurrency for making it more recognised as well as after that we can also wait for the overall perception of general users and investors that how much they are attractive towards a particular currency because it would help us to make decision for investment if there is positive sentiment of people and it would be helpful for us to make decision to sell our assets if there is negative sentiment among people.
Moreover this I agree with you that it is very tough to know we use and to get discussions of thousands and millions of peoples at social media about a particular cryptocurrency but we can make a generalised decision by knowing over all community sentiment towards a particular cryptocurrency as you are talking about STEEM.
Thank you so much for wishing me all the best and I also wish you a best day full of blessings and I am also going to visit your entry soon
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Congratulations, your post has been upvoted by @scilwa, which is a curating account for @R2cornell's Discord Community. We can also be found on our hive community & peakd as well as on my Discord Server
Felicitaciones, su publication ha sido votado por @scilwa. También puedo ser encontrado en nuestra comunidad de colmena y Peakd así como en mi servidor de discordia
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Thanks @scilwa for your support
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Greetings my friend @khursheedanwar! 🙋♂️ Combining sentiment analysis with technical indicators enhances trading signals. It's like adding spices to a dish, making trading strategies flavorful and profitable. All the best in the contest, success for you! 👍
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Greetings to you too @artist1111 😊
Happy at your response as well as I agree with you that it is always best decision to combine sentiment analysis with other technical indicators if you want to make good decisions and decisions that don't let you down in any type of market condition.
Thank you so much for wishing me best of luck in this engagement challenge and your comment is very appreciate able for me I really enjoyed it and soon when you would post your entry then I will also love to visit it and I am hopeful that as before and as your comment it would also be great
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Your detailed posts show that your knowledge on this exciting topic of STEEM tokens is extensive. Thank you for using sentiment analysis on social media. This helps traders in their marketing strategies.
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I am very happy to see your comment at my post as well as it is very encouraging to know that you are very excited about STEEM token sentiment analysis that I have presented in front of you as well as you also enjoyed trends that are going on social media nowadays and agree with you that when traders and investors get involve in these social media trends then it let them to make informed decisions for their benefits and with minimization of loss and risks as well as challenges associated.
I also invite you too much participate and don't forget to participate in this engagement challenge because it would let you know many more things about navigating this token and I wish you good luck in advance
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Thank you Your insights are appreciated. I've already participated in this challenge. Please check in academy
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Okay so I am going to visit your post and all the post which I have not visited yet because I really love to learn something new from others post.
It was my joy to comment on your response at my post and I am happy that you also respond back
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Waiting for your jice entry 😊
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Wait just for some minutes...
You would see me at your post
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Thanks dear friend
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My pleasure 😊
Stay engage with others too with positive energy...
Be consistent and be successful 💪
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Greetings
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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Greetings to you too 😄
Thank you so much for being here at my post as well as I agree with you that if we know about people perception about STEEM then it means that we know its sentiment either it is positive negative or neutral as well as when we analyse sentiment at social media platform then it definitely let us know about perception of people that how much they are attractive towards a particular token.
You have clearly demonstrated the importance of knowing sentiment analysis and market trends and I agree with you that it let us know for traders investors and general users that they should buy a particular token they should sell a particular token or they should hold a particular token the depending upon their sentiment it is positive negative or neutral.
You are very clear about most common and most famous social media platforms that are best for analysing trends among people and these are Twitter and I also use it mostly as I have also shared that if people are discussing positively about the particular project then it means that they have positive sentiment and price is most likely to pump also if it is token and if people are discussing some negative about a particular token or project then it means that price is most likely to decline in future.
I extremely agree with you that sentiment analysis is one of the most great tool for knowing the overall perception of traders and investors but it is also important to not that When We combine them with other technical indicators then it can become a great way of making decisions process more clear.
I appreciate your response at my post which is well detail and thank you so much for wishing me good luck in this engagement challenge I also wish same for you and I am also hopeful to see your entry soon....
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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.
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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...
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Hello friend greetings to you, hope you are doing well and good there.
Your post is always amazing, to the point and very much brief. You said Sentiment analysis are some particular techniques involved with the classification of different types of sentiments either they are positive negative or neutral. Yes my dear friend that's true. In sentiment analysis we check out whether the sentiments of people are good, bad or neutral about the market.
You have talked about Twitter and Reddit very well. These platforms have great influence on markets. Especially we see it's impact on crypto. The trends here move the crypto market along. You have beautifully explained some Technical way how we can use them along with fundamentals and sentiment analysis.
I wish you very best of luck in this contest.
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Hlo dear
I am very happy to see you at my post and your comment is very extensive and meaningful so let me discuss each and every aspect of your point so first of all you are talking about my post over all that it is very concise and in a summarised way I have tried my best to cover all the aspects of my post.
I agree with you that sentiment is something that shows your internal feelings either these are positive feelings or negative feelings and by keeping in mind this concept sentiment could be of different types which is positive in negative or neutral so if people , influencers or traders are suppose talking about STEEM blockchain that there are many innovative projects and applications this blockchain is introducing and it has potential to grow in future so it means that this is something positive about which investors or general people are talking so it means that they are attracting towards this blockchain.
On the other hand if investors are saying about same blockchain that there are no strong fundamentals this blockchain have as well as there are no regular updates for their users this blockchain is introducing and for that reason maybe it cannot grow more in future so it means that people and investors are thinking in a negative way about this blockchain so this is you can say that it is negative sentiment and if people are not discussing this blocking and if they are discussing then they are happy and unhappy with the project in equal ratio then it means that people are neutral about it because there are mixed perspective regarding this blockchain they have.
Now I extremely agree with you that Twitter is one of the most strong platform which is social media platform at which you can tweet in your positive or negative words depending upon your own choice because there is no restriction at social media on you on sharing a particular content and as it is social media so people can share anything about blockchain or any other it is positive or negative according to their own thinking and thoughts. I agree with you that whatever is going to share at social media platform would definitely impact thinking of people and in this way it can bring a change in sentiment and in this way can cause are pump and dump and neutral trend in market.
I am happy that you like my technical analysis and my fundamental analysis also which I also combine with sentiment analysis because it is always recommended to combine different analysis together if you are going to invest in our project particularly because it let you know about actual facts and you can make more good decisions about investment that you should invest in a particular project or not and if you should invest then how much you should invest your amount.
Thank you so much for wishing me good luck in this engagement challenge I also which same for you and soon I would be there at your entry to visit it.
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I'm actually satisfied to state that you have actually released an important post in academy neighborhood with some sophisticated information pertaining to steam token. As a matter of fact your aesthetic analysis reveals the suggestion of blend in the BTC/USDT chart, providing a sensible circumstances of technological analysis in cryptocurrency trading.Wish you all the best for your competition.
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First of all I warmly welcome you at my post.
I am very grateful to you that you have committed that my post in such good words and more than this I am really very happy that you are internally satisfied after reading my post because you are considering my words most understandable as well as most clear about the respective topic which was to navigate the STEEM token.
I am very happy that you understand each and everything but mostly the thing that attracts you is my chartist analysis which I have shown with all of you and special you like my BTC/USDT chart 📉📈 in which I have shown different trends and you can clearly understand and clearly see that market is most likely to pump as the event of BTC halving is in the month of April which is just about to start.
I agree with you that technological analysis is one of the most important thing when you are going to talk about cryptocurrency trading but I have an advice for you that it would be more good if we would combine multiple things together like technical indicators as well as sentiment if we want to prevent ourself from wrong decisions also.
Thank you so much for wishing me best of luck.
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Wow, I was surprised to see your detailed reply to my comment. Thanks a lot for your warm welcome as well as your kind words! I'm genuinely thankful that you found my comment appreciable and also informative. Your steemit post certainly supplied an extensive evaluation of STEEM token navigating together with your chartist evaluation was especially outstanding. Your BTC/USDT graph was certainly informative specifically with the upcoming BTC halving event in April.
I entirely concur with your recommendation to incorporate different logical techniques, consisting of technological signs along with view evaluation to make well-informed trading choices. It's important to think about several aspects to minimize the danger of making inaccurate judgments.
Again, thanks for the mindful feedback that you have given for my comment, and also I wish you the most effective of good luck with your future ventures in cryptocurrency trading!
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That's great you feel surprised after my detailed feedback and that's why you also respond in a great way like this.
Yes I really recommended and again recommending to combine technical indicators along with other techniques that have fundamental techniques like sentiment analysis also so that you may keep yourself stay way from inaccurate and you may become more precise while setting trading strategies.
It was my joy to give you a mindful feedback at your comment and thank you so much for wishing me good luck in my future ventures regarding cryptocurrency trading I also wish same for you
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Thanks again for the valuable reply my friend. Really appreciate your hard work from the bottom of my heart. ❤
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Most welcome and your back response is also quite appreciateable for me.
Greetings to you and have a blessed Monday 😊🌻
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