Bitcoin sentiment overview

Thursday November 26th has been painted in red:

A 'dump' or 'correction' - both words were trending. Traders mentioned 'correction' generally used to say 'Calm down, this is just a healthy correction'. Pretty optimistic statement.

We also had 'buy', 'dip', 'black' and 'friday' trending. All combining in many variations of calls like 'Buy this dip, it's a black Friday sale'. Quite confident.

Santiment sentiment detector plotted a very positive bullish chart for BTC, based on it's twitter mentions:

It has beed that high only four times since 2017 bull run. And looks like it used to precede a price correction.

This time we would like to dive deeper into social media channels and do a manual research of what were people saying about BTC.

This is a compilation of most articulated calls before the dump:

And this is a compilation of most articulated calls after the dump:

Actually we're amazed by correct dump calls hours prior to dump (first table).

It's also interesting that the general balance between bullish and bearish calls hasn't changed much. And this can be seen on sentiment charts remaining in dangerous zone.

For comparison, Ethereum sentiment is also in a dangerous bullish zone, but not that strong bullish:

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Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.