The plaza is buzzing right now about “CPI preview: December rate outlook faces a crucial test” (813K views).
The level of discussion itself is a sentiment indicator. I’ll look at three details:
· Is the discussion largely in agreement, or are there differing views?
· Is the topic just gaining traction, or is it everywhere?
· Has trading volume for $BTC increased at the same time?
Unanimity combined with the topic flooding feeds often means sentiment is nearing an extreme; differing views when a topic is just emerging, on the other hand, tend to have staying power.
$BTC is currently at 74382.97, down 0.055% over 24 hours. Added to the watchlist.
The level of discussion itself is a sentiment indicator. I’ll look at three details:
· Is the discussion largely in agreement, or are there differing views?
· Is the topic just gaining traction, or is it everywhere?
· Has trading volume for $BTC increased at the same time?
Unanimity combined with the topic flooding feeds often means sentiment is nearing an extreme; differing views when a topic is just emerging, on the other hand, tend to have staying power.
$BTC is currently at 74382.97, down 0.055% over 24 hours. Added to the watchlist.