Crypto's Bullish Talk, Bearish Trades: A Swarm Intelligence Algo
Hello,
Artificial Swarm Intelligence
I wrote an Artificial Swarm Intelligence algorithm to run on popular prediction platforms, and Swarm AI reported more than 80% of traders believe in a BTC crash. That's strange because the same algorithm on social media wrote that BTC was a trending topic. Everybody talks about Satoshi Nakamoto, and these talks often diverge into bullish ideas about BTC. According to the swarm, people claim to believe in a bullish outcome for BTC, but they trade to expect a bearish future. I leave the conclusion to you. Who to believe, what people say, or what people trade? And will people lose, or will they make a self-fulfilling prophecy?
Technical Analytics
Technically, MACD demonstrated bearish power until 05 August and slightly weakening bullish momentum by 28 September. At the moment, however, both sides seem powerful. Since 01 October, there's been a bearish cross on MACD, but recently, bears haven't picked up the momentum.
Conclusion
I'd wait until one of the sides starts to exhaust itself before making a trade. The setup suggests possible targets in the white zone, but also that the market can become volatile. If I traded now, I'd use strict stop losses.
Regards,
Ely
Artificial Swarm Intelligence
I wrote an Artificial Swarm Intelligence algorithm to run on popular prediction platforms, and Swarm AI reported more than 80% of traders believe in a BTC crash. That's strange because the same algorithm on social media wrote that BTC was a trending topic. Everybody talks about Satoshi Nakamoto, and these talks often diverge into bullish ideas about BTC. According to the swarm, people claim to believe in a bullish outcome for BTC, but they trade to expect a bearish future. I leave the conclusion to you. Who to believe, what people say, or what people trade? And will people lose, or will they make a self-fulfilling prophecy?
Technical Analytics
Technically, MACD demonstrated bearish power until 05 August and slightly weakening bullish momentum by 28 September. At the moment, however, both sides seem powerful. Since 01 October, there's been a bearish cross on MACD, but recently, bears haven't picked up the momentum.
Conclusion
I'd wait until one of the sides starts to exhaust itself before making a trade. The setup suggests possible targets in the white zone, but also that the market can become volatile. If I traded now, I'd use strict stop losses.
Regards,
Ely
Komen
BTC's moving in the expected direction, but please use Stop Loss.Komen
BTC's halfway to the white target zone on the chart around $56 500.Komen
BTC is getting near the sell zone. Be careful. The instrument is bullish, but as the chart shows, it can reverse from the 70k-s. It's not yet decided.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.