Bitcoin Misery Index exploration today. This article is exclusive content from the premium channel by Infocrypto.
Thus, are permitted to publish it. For a further introduction, their service has been recently reviewed in our crypto signals posts.
Without a doubt, I would like to start by talking about the sentiment analysis. which in my opinion is more important in the cryptography market than in any other market. I have been observing this in my 6 years experience on Crypto Currencies trading.
Despite the fact that Fear, uncertainty and doubt = (FUD) are part of this market. Indeed I have been investigating this for a long time. Every day I use the social networks to map the feeling of the community to use it in my analyzes, the bitcoin misery index is no friend to most. This has given me good and bad indications over time. So In every new FUD released in the media, we see a big capital outflow. With few ventures to invest in a fearsome market. The good side of all this is that we are kicking out the weak hands. As well we are getting stronger with the carriage ride.
I am very optimistic in the long run. Even with the current market conditions, the weak holders cannot see the structure of the market. Caught in too much of a negative mindset. With their conditioning and the psychological state do not let them see beyond the lines.
FUD driver of the Misery Index
The Bitcoin Misery index does not care. It also does not allow them to see where this market will drive us in the long run. It is natural that in every market there are good and bad times. If you can not deal with volatility and dives, then get out of the market. Stay out because this market is not for weak and emotional people. If you do not have a strong psychological profile, and if you are not open to sudden changes. Well you will be devoured alive!
Only the strong will keep their investments, they will buy down on the lows when everyone is scared. The strong will benefit when all the weak, frightened, and emotional abandon their positions by surrendering to a FUD. This drives the Bitcoin Misery Index. Remember that at this point I will be there buying.
Before talking about the Bitcoin Misery Index. We would like to let you know that not everything is lost for the emotive ones. Equally we have a solution:
On the website we have teams of specialists oriented to the market of cryptography. It uses Technical and Fundamental Analysis and is ready to help you psychologically and emotionally.
The BMI (Bitcoin Misery Index) was created by Thomas Lee. He is a Wall Street strategist and co-founder of Fundstrat Global. The BMI measures bitcoin price consistency (+ 7.07% over the last 90 days). Using the end of the day plus volatility. The results are given on a scale of 0 to 100, where 0 is “totally miserable”. Bitcoins holders are willing to distribute all their bitcoins, and 100 are “totally happy”. In short no price in the world would be enough to sell your currencies.
Bitcoin Misery Index Chart
In this 6 years on the crypto world I have noticed and confirmed a few things. One is that sentiment is very important in the market analysis. We also use Google Trends to analyze the sentiment of the market. Which is based on what they are searching for. We hope you enjoyed this article about The Bitcoin Misery Index! 🙂
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