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Cnbc bitcoin indicator
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They discuss moves when they happen. On the show you get to hear sober opinions from both sides, on Twitter you get the Tweets. The ramp up in coverage happens before trend reversals in part because that is when crypto is exciting again and people are interested… and because CBNC Fast Money is reporting on that, they have spent a lot of working as a counter indicator.
With all that covered, to use CNBC Fast Money as an indicator: short when they say go long and long when they say go short. You can use their profit taking area to define your stop and their stop to define your profit taking area if it is given. If not, then you have to use some TA skills to find your targets.
That is how the meme works. I'll be updating this more as we move forward to see how this trend continues. After I posted the chart, I received over 1. Thanks for the lover and support. Will post more soon! Nope, still works like a charm. Comment: Yesterday, we saw a bullish tweet and a bearish tweet come out within about 10 minutes of each other. CNBC is starting to use a very smart hedging strategy. Hedging is where no matter which direction a security moves, you've got a way to make money.
Will continue to monitor as time goes on.
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With every bearish tweet we see, it has been a clear indicator of a short reversal and end of a rally. In the last week, we've seen 3 bearish tweets from Twitter , which gives us a clear indication to go long here. I believe this is a perfect reflection of the emotions of average traders and investors, which is why it's such an effective strategy. I'll be updating this more as we move forward to see how this trend continues.
After I posted the chart, I received over 1. Thanks for the lover and support. Will post more soon! Nope, still works like a charm. Komentar: Yesterday, we saw a bullish tweet and a bearish tweet come out within about 10 minutes of each other. The whole thing with crypto in most of its phases is that it goes up quickly after going down and goes down quickly after going up. If you just report on the direction it is currently moving and suggest a trade, it will almost always make you look like you are making the wrong call at some point in the near future!
They discuss moves when they happen. On the show you get to hear sober opinions from both sides, on Twitter you get the Tweets. The ramp up in coverage happens before trend reversals in part because that is when crypto is exciting again and people are interested… and because CBNC Fast Money is reporting on that, they have spent a lot of working as a counter indicator.
With all that covered, to use CNBC Fast Money as an indicator: short when they say go long and long when they say go short. You can use their profit taking area to define your stop and their stop to define your profit taking area if it is given.
