Daily Sentiment Analysis: Market withers a bit heading into new week
cryptocurrency·@remystephens·
0.000 HBDDaily Sentiment Analysis: Market withers a bit heading into new week
.png) <i>General reminder: This is one of three types of sentiment analysis I do. The daily analysis will likely only benefit short term traders. [The weekly analysis](https://steemit.com/cryptocurrency/@remystephens/crypto-sentiment-analysis-top-11-coins-for-the-week-of-may-6) I do is best suited for swing traders. And [the monthly analysis](https://steemit.com/cryptocurrency/@remystephens/monthly-sentiment-analysis-on-272-cryptocurrencies-top-15-coins-going-into-may) is my more long-term offering.</i> <hr> There seems to be a bit more tension in the air than there has been recently. Volume and enthusiasm dwindled a bit in the [Alt market last week](https://steemit.com/cryptocurrency/@remystephens/crypto-sentiment-analysis-top-11-coins-for-the-week-of-may-6), and the rejection of $BTC at $10K seems to be having a psychological impact after so much buildup. The sentiment on the Alts in particular over the last three days has been the lowest during a half week stretch since early April. A healthy pullback after a roaring April was always likely, but the feeling among the [40 influencers and traders I follow](https://twitter.com/FOMOCryptoDojo/lists/crypto-power-rankings) is the least confident its been in a while, which is worth noting. There isn't anything that jumps out at me in the data just yet, but just wanted to do a quick post and point out the change. We'll see what tomorrow brings. Trade safe. As always, here's the market data for today: | Coin | Positive | Neutral | Negative | Total Mentions | Power | |------|----------|---------|----------|----------------|-------| | BTC | 2 | 3 | 8 | 13 | -6 | | ETH | 2 | 0 | 0 | 2 | 2 | | LTC | 0 | 1 | 0 | 1 | 0 | | BCH | 1 | 0 | 0 | 1 | 1 | | Alt | 60 | 12 | 12 | 84 | 14* | <i>Alts get -10 penalty with Majors falling below 0</i> <h3>The Influencers</h3> | [@MagicPoopCannon](http://www.twitter.com/@MagicPoopCannon) | [@CryptoKevyn](http://www.twitter.com/@CryptoKevyn) | [@CryptoChoe](http://www.twitter.com/@CryptoChoe) | |-------------------------------------------------------------|-----------------------------------------------------------|-------------------------------------------------------------| | [@Crypto_Ed_NL](http://www.twitter.com/@Crypto_Ed_NL) | [@cryptoWalk3r](http://www.twitter.com/@cryptoWalk3r) | [@CryptoDonAlt](http://www.twitter.com/@CryptoDonAlt) | | [@CryptoHornHairs](http://www.twitter.com/@CryptoHornHairs) | [@CryptoYoda1338](http://www.twitter.com/@CryptoYoda1338) | [@Pacoiin](http://www.twitter.com/@Pacoiin) | | [@cryptoSqueeze](http://www.twitter.com/@cryptoSqueeze) | [@CryptoGat](http://www.twitter.com/@CryptoGat) | [@CryptoTutor](http://www.twitter.com/@CryptoTutor) | | [@Haejin_Crypto](http://www.twitter.com/@Haejin_Crypto) | [@Anbessa100](http://www.twitter.com/@Anbessa100) | [@davidgokhshtein](http://www.twitter.com/@davidgokhshtein) | | [@Crypto_Rand](http://www.twitter.com/@Crypto_Rand) | [@Crypto_Capone](http://www.twitter.com/@Crypto_Capone) | [@Socal_Crypto](http://www.twitter.com/@Socal_Crypto) | | [@CryptoCred](http://www.twitter.com/@CryptoCred) | [@whatbitcoindid](http://www.twitter.com/@whatbitcoindid) | [@BigCheds](http://www.twitter.com/@BigCheds) | | [@VentureCoinist](http://www.twitter.com/@VentureCoinist) | [@BigChonis](http://www.twitter.com/@BigChonis) | [@RektCapital](http://www.twitter.com/@RektCapital) | | [@tehMoonwalker](http://www.twitter.com/@tehMoonwalker) | [@notsofast](http://www.twitter.com/@notsofast) | [@CryptOrca](http://www.twitter.com/@CryptOrca) | | [@TheCryptoMonk](http://www.twitter.com/@TheCryptoMonk) | [@TheBlond82](http://www.twitter.com/@TheBlond82) | [@CryptoWildWest](http://www.twitter.com/@CryptoWildWest) | | [@HonestlyCrypto](http://www.twitter.com/@HonestlyCrypto) | [@crypto_birb](http://www.twitter.com/@crypto_birb) | [@JewKorean](http://www.twitter.com/@JewKorean) | | [@cryptostaker](http://www.twitter.com/@cryptostaker) | [@cryptodemedici](http://www.twitter.com/@cryptodemedici) | [@cryptocobain](http://www.twitter.com/@cryptocobain) | | [@CryptoTutor](http://www.twitter.com/@CryptoTutor) | [@CryptoMichNL](http://www.twitter.com/@CryptoMichNL) | [@CryptoBulld0g](http://www.twitter.com/@CryptoBulld0g) | <h3>Who am I?</h3> I'm an investigative data journalist during the day, and I've been looking for a way to cut through the noise and get a true sense of what some of the biggest crypto influencers are pushing toward and pulling away from. Using a pseudonym here because I can't post about this shit on my verified accounts. I've become mildly obsessed with crypto and its constant stream of data and needed an outlet. So here I am. <h3>What is this?</h3> Each week, I scrape the Twitter accounts of some of the crypto world's favorite influencers, traders and TA folk. I run a basic sentiment analysis to see which coins they are mentioning positively, in a neutral way and which they are mentioning in a negative light. I calculate "power" simply by subtracting negative mentions from positive ones to give an aggregate score. The higher the score, the better, the lower the worse. For the daily rankings, I also create aggregate scores for the majors and the Alt markets. The Alts get a 10 point deduction any time the majors go below zero, since overall the Alt-market has a tough time staying above water when BTC is in a spiral. This isn't financial advice, just my own way of trying to make sense of what's out there. And as with most things, the more data I collect, hopefully, the more interesting it'll be. This is a work in progress. Please leave suggestions on how to make it better. I imagine if I keep up with it, I'll be able to expand a bunch of the analysis, but I wanted to start somewhere.