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Crowd Showing Little Fear of a Quick Rebound... Therefore Perhaps You Should?

@brianq
1 min read
02.04.2024
BTC


📉 #Bitcoin has seen a drop to $66.4K, and #altcoins have shed much more of their market caps as prices have continued their concerning retracement to kick off April. However, the crowd is staying quite strong and showing confidence toward the prospects of a quick rebound.

The frequency of words like #buy, #buying, #bought, and #bullish are being spread at about double the frequency of words like #sell, #selling, #sold, or #bearish.

Historically, the best dip buy opportunities occur when the crowd consensus is showing a bit of fear toward a further drop. This usually results in small wallets dropping their bags for whales and sharks to scoop them up.

Track this chart to see when the red bars (representing negative sentiment) begin catching up with the blue bars (representing positive sentiment). There will likely be a precise moment when this #buythedip opportunity presents itself!

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