Why is it Time to buy Crypto's and why could it go Up ? View on the Sentiment...steemCreated with Sketch.

in #cryptocurrency • 6 years ago

Dear Crypto-Fans,

today we have a closer look on the Sentiment and Korrelation in between Markets or Assets.

Why does Correlation between Cryptocurrencies Matters ?

The Correlation between different Markets shows us, if they do the same or the Opposite.
That means a Correlation " 1 " means, it is Identic and " -1 " means the exact Opposite.

I had a look at the Market Capitalization of the biggest Coins and what you can see that the Correlation between Bitcoin and most of the other Coins is almost exact " -1 ".

So imagine. Thats means when the Market Cap of Bitcoin is going Up, the other Coins going Down.

market_Capatalization_03.2018.png
Chart by CoinMarketCap.com

Why does it Matter ? And Sentiment-Trading...

As you know already I'm coming out of Future Trading and there you can see the Sentiment of Investors. The Sentiment showes you how many institutionel Investors or privat Ones are Buying or Selling.

Statistic tells us that around 95% of the privat Investors are on the "Wrong-Side" !

It's true. What tells us that ?

As we can see in the Chart when Bitcoin Marketap is dropping fast, then it is propably some "Big Guys" selling some Contracts. Important aswell is that only the Bitcoin can be sold by Futures.

"The smaller Coins" with less Possibilities, to place easy big Orders. Thats propably us, the privat Investors.

> That means the "Big Guys" Buy, when the Blood is on the Street, when Everybody is crying and selling their Positions.

> Just another Indikator for a hopefully soon raising Market !!!

Have Fun,
bitcoin.news

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#bitcoin #busy #money #news
6 years ago in #cryptocurrency by
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     6 years ago 

    Thank you for sharing.

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    [-]
     6 years ago 

    You're Welcome... Thanks for reading !

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      [-]
       6 years ago 

      Its difficult see the rebound in prices soon

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      [-]
       6 years ago 

      I Hope so. Worst Case could be a couple of Years, but it will come up. :)

      cheers, bitcoin.news

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        [-]
         6 years ago 

        Yet it's been going down for months now... I'm slowly starting to believe it's being manipulated by whales

        [-]
         6 years ago 

        There are 2 Questions to ask !

        1. Did anythig Change the Idea or the technological Invention ?
        2. Do we have bad News (Based on Information, not like " it's a Bubble ;) )

        And the Answer on both is - NO.
        Thats why it probaply is a Manipulation! So let's use it for Profits :)

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           6 years ago 

          This post has received a 34.48% upvote from @lovejuice thanks to @mysho. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.

          [-]
           6 years ago 

          You got a 50.41% upvote from @luckyvotes courtesy of @bitcoin.news!

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