See this chart... I see an upwards change in google trends for "bitcoin" word... It followed always with a new price peak (hype) in the bitcoin price... (The original price chart is from bitcointalk.com)
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The upwards change in google Trends for "bitcoin" word continues to grow....
How do you layer google trends onto a tradingview chart?
ifinta
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I see, the upwards change in google Trends (for "bitcoin" word) continues to grow...
ifinta
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Good - I showed the start a bull trend some years ago :) The lowest values of the bitcoin market of some years we can see on the same diagram, I showed here... ~150 USD After this trading idea the bitcoin market reached fast 20000 USD at the end of last year. You had possibilities to buy at 300 USD and sell it in this bull run. It was passible to make a profit of 6000 % - 7000 % ! With a little patience... Only two years in a bull trend.
Kappy
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Thanks for sharing. I think this is a great way of gauging sentiment at this time. My opinion from an Elliott Wave perspective is that the recent spike is a "wave B" corrective wave of the same degree as the previous three all time highs. If it is indeed the same degree, I believe that supports this spike in sentiment/Google Trends.