r/CryptoCurrency • u/marker853 Redditor for 3 months. • 20d ago

I found an indicator that has helped me! STRATEGY

Which indicator you ask? Well its not something you overlay on your charts, its actually this very sub. Yes r/cryptocurrency has been a great indicator. At least for me.

I can see what the sentiment is regarding the markets by your very posts and comments. Of course I have combined that with my own thoughts which have helped me gauge and position myself a bit better. I find I have a slightly clearer picture.

For example sometimes I look at what's going on in the news and what that charts look like, then sprinkle in some of the sentiment from here.

Anybody else feel the same way?

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u/Cormano_Wild_219 20d ago

This is not a new concept. There are probably hundreds of redditors that have created very detailed programs that measure the social sentiment on Reddit for them. They will sweep entire comment sections of a sub and analyze the verbiage and tickers/keywords to give you the social sentiment

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u/Suspicious-Sector-52 Redditor for 5 months. 20d ago

Definitely already got the trading bots in effect out here. Several posts about portfolios based around Reddit sentiment data I’m pretty sure