Is CNBC Fast Money A Bitcoin Indicator?

According to trader Jacob Canfield on the charting platform TradingView CNBC’s Fast Money,

Jacob says:

“After back-testing what I like to call the “CNBC Bitcoin -0.78% Indicator,” it is giving us a clear buy signal in this new range.

Almost every single bullish tweet we’ve seen has been at the top of nearly every single rally, giving us a very strong sell signal.

With every bearish tweet we see, it has been a clear indicator of a short reversal and end of a rally.

#1 – 90% return.
#2 – 26% return.
#3, #4 #5 – 34% return.

With every bearish tweet, we typically see on average a 30% return.

In the last week, we’ve seen 3 bearish tweets from Twitter , which gives us a clear indication to go long here.

CNBC Bitcoin Indicator Gives An Insane 95% Accuracy For Bitcoin. by jacobcanfield on TradingView.com