Monitoring Tom Lee’s Consensus Bullish Outlook

In addition to reading the tape, quantitative price analysis, and technical analysis, are there any tools we can use to monitor whether or not Tom Lee’s bullish outlook on Bitcoin based on Consensus is playing out or fizzling out?

One possibility might be to use the Google trends to monitor searches for both Bitcoin  and Coinbase to see if there is an uptick that might suggest new entrants into the market. We can anticipate that generalized search terms are more likely to be correlated with news but that new entrants might be searching Coinbase or specific exchange terms if they were interested in opening accounts.

Recent Bitcoin and Coinbase interest:

c2_coinbase_167c1

Compared to time around Consensus last year:

btc_coinbase_17

And for 2016:

btc_coinbase_16.png

Granted, I did not perform an extensive and robust analysis. But, my cursory review does not show the same level of interest in Bitcoin searches this year as last year. However, it looks like we had a momentary blip in 2016 and then greater interest developed a few weeks later. That might be related to the amount of time it took for new participants to open accounts and/or for the possible new developments to be digested.

https://trends.google.com/trends/

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s