Bitcoin and Google trends (bull)

Google trends can be used as a very useful instruments of contrary opinion, when infacts the popolarity of "buy bitcoin" is on the top at 100, it is likely to go down because it is in a hype bubble. So in the following charts you can notice that in this moment we are very very low which is not, alone, enough to predict a rise, it could also go down forever and day. But if you think that Cryptos have good fundamentals and that basically nothing very bad happened ad you see the popularity going down so much, it could be a very useful indicator, as always, a single indicator is not enough and we need to mix togheter several reasonings and clues.

In my opinion we are in a huge squeeze in volatility, bitcon is building a round bottom and we will have a price raise soon.

From this charts we can also see where are the regions whit the most searches and this is pretty interesting.

Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysis gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.

Fonte dei dati: Google Trends (https://www.google.com/trends)