Bear and Bull Index: Crypto market analysis using LunarCrush


Crypto market analysis using LunarCrush

The Bear and Bull Index is a crypto market analysis of bearish and bullish trends on a scale of 0 to 100.

To get a more accurate score, our analysis now includes LunarCrush.

What is LunarCrush?

LunarCrush — Social intelligence for crypto

LunarCrush is a social intelligence platform for cryptocurrency.

LunarCrush help traders and investors understand cryptocurrency movements in greater detail by analyzing data from across a growing list of social channels to uncover valuable insights that can be used to make data-driven trading decisions. LunarCrush collects activity across social media for bitcoin, thousands of altcoins, crypto exchanges, influencers and more, in real-time every single day.

Using LunarCrush, the Bear and Bull Index distills social insight collected across social media into bitesize, digestible data. The data collected is visualized on a scale of 0 to 100.

A score of (0 to 39) indicates the market is Bearish. A score of (40 to 59) suggests the market is Neutral and can go either way, depending on the current state of the market. A score of (60 to 100) suggests the market is Bullish.

Why Bear & Bull Index

Powered by LunarCrush, the Bear and Bull Index analyzes millions of different opinions across social media to get a general view of the market.

The Bear and Bull Index analysis includes:

  1. 24hrs Trading Volume on Exchanges
  2. LunarCrush social insight
  3. Crypto Fear & Greed Index
  4. Bitcoin Relative Strength Index (RSI)

How to use the Bear and Bull Index

As always, it’s recommended that you don’t rely solely on one indicator or style of analysis. Though experimental, we’ve been able track major market move before they occur. We have analyzed past data on LunarCrush, and experimented with some Key metrics to improve our scoring system.

Major market moves we analyzed:

  1. May 2021 crypto crash.
  2. Bitcoin All-Time High in November 2021.
  3. The Bitcoin price drop in December 2021, where Bitcoin lost about $10,000, or more than 17%, in a 24-hour period.

Key metrics on LunarCrush we analyze for our scoring:

  1. Galaxy Score
  2. AltRank
  3. Social Metrics
  4. Global Metrics

Bear and Bull Index includes:

  1. Market Sentiment Analysis
  2. Social Analysis Summary
  3. Relative Strength Index (RSI)

Can I use the index for long-term analysis?

No, the indicator doesn’t work well on long-term analysis of crypto market cycles. It’s a short-term analysis based on social sentiment. It analyzes the current state of the market on a 24hrs time frame.

Closing thoughts

The Crypto Bear and Bull Index is a simple way to get a general view of the market but complementing it with other metrics and indicators will give you a more balanced view of the market.

Bear and Bull Index: