Post
Topic
Board Trading Discussion
Topic OP
How good is sentiment analysis as trading indicator
by
32ethereum
on 29/12/2020, 13:02:03 UTC
Im new to machine learning nad im playing around with some nlp and twitter sentiment analysis using textblob

I know this is a bitcoin forum but i was running the sentiment analysis using ethereumas keyword and i was running it for a few hours and i plotted out the results and
i have to say in my opinion(noob) it looks defintly like something that can be used in the future with some modifications.

Whenever i watch videos of people trading they use all kinds of indicators but i never ehard anyone using sentiment analysis as indicator so im curious what experienced trades sy to that

Here is a graph on ethereum sentiment over the last couple hours in ~5 minute intervalls

Eth sentiment graph
https://i.postimg.cc/SQvv9h70/Selection-999-238.png

Eth graph
https://i.postimg.cc/4yDPSXBm/Selection-999-239.png