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RE: SEC S16-W5 || Navigating the STEEM Token

in SteemitCryptoAcademy6 months ago

Greetings friend,
Combining sentiment analysis with technical indicators creates a more complete trading strategy. Let me borrow your words, it is like blending art and science. For example, if the STEEM price chart shows a potential bullish breakout and there's a surge of positive sentiment on social media, it's a stronger signal for traders to take action. When the price drops, sentiment plays a big role. If people are positive on social media, it's seen as a good time to buy, boosting the market and helping the coin recover faster. Understanding the sentiment on platforms like Twitter and Reddit gives us a real-time look into the community's mindset. Positive news and community interactions can uplift the token's value, while negative sentiment can lead to sell-offs. It's all about catching those emerging trends early on social platforms.

You've indeed provided an absolute knowledge on the topic at hand, all the best pal and good luck as you move on.

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that's what i do
it's the actual definition of sentiment analysis
if sentiment analysis is not meant for profits then for what?

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