CNBC Tweets Have Been a Contrarian Bitcoin Price Indicator With 95% Accuracy726.18

According to research from prominent cryptocurrency trader Jacob Canfield, who plotted out his findings against a BTC price chart on the popular charting site TradingView, CNBC’s tweets can be used as a contrarian Bitcoin price indicator with as much as 95% accuracy.

Canfield claims that almost “every single bullish tweet” has been at or near the top of nearly every BTC rally in 2018. Meanwhile, each bearish tweet has represented a reversal of a previous downtrend.

Original source
https://www.newsbtc.com/2018/08/25/cnbc-tweets-have-been-a-contrarian-bitcoin-price-indicator-with-95-accuracy/

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