Bitcoin market Short term Sentiment utilising Trading view
Bitcoin and the crypto market is going through correction at the current moment. This is a trial to explore the market sentiment through reviewing the Ideas presented on trading view. A Search criterion of one-week for most agreed ideas in the Cryptocurrency market presented 59 Ideas in total. 57 of those ideas were about Bitcoin / USD. BTC None BTC 57/59 2/59 96.6% 3.4%
We reviewed each of those ideas for the presenter sentiment. The analysis of the result was as detailed below Bulls Bears Neutral 22 23 12 38.5% 40.4% 21.1%
Those who are in the bear category, pointing to a significant support mostly at 2100 with the lowest at 1900.
Data suggests
Bitcoin analysis represents main category for agreement 57/59 on tradingview . The current Market status is equivocal with a split between bulls and bears but that is limited to short term . Long term views remain bullish with most of analysis sees enough support of trend at 1900 to 2100 if 2300 line dose not hold.
Bias
The author has a bias toward bulls in the Bitcoin market The sample is limited to trading views website which makes it a small sample