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Author Topic: How good is sentiment analysis as trading indicator  (Read 26 times)
32ethereum (OP)
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December 29, 2020, 01:02:03 PM
 #1

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


bill gator
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December 29, 2020, 01:34:55 PM
 #2

Eth sentiment graph


Eth graph


Quoting to show your graphs, which are crucial to illustrating the point you're trying to make (and the question(s) I have).

So, both graphs are of the same time-frame and line up during this particular slice of time?
That's definitely interesting at first glance, but a good test would be running it back in time as far as you can to see if the pattern remains consistent.
I'd be interested to see how closely they correlate at varying levels of analysis and if there's any anomalies that might pop up when looking at a bigger data-sample.

If so, then what you're suggesting might turn into a solid piece of the equation for when to get in and get out.
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