FinTech (Mar 2023)

An Intelligent System for Trading Signal of Cryptocurrency Based on Market Tweets Sentiments

  • Man-Fai Leung,
  • Lewis Chan,
  • Wai-Chak Hung,
  • Siu-Fung Tsoi,
  • Chun-Hin Lam,
  • Yiu-Hang Cheng

DOI
https://doi.org/10.3390/fintech2010011
Journal volume & issue
Vol. 2, no. 1
pp. 153 – 169

Abstract

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The purpose of this study is to examine the efficacy of an online stock trading platform in enhancing the financial literacy of those with limited financial knowledge. To this end, an intelligent system is proposed which utilizes social media sentiment analysis, price tracker systems, and machine learning techniques to generate cryptocurrency trading signals. The system includes a live price visualization component for displaying cryptocurrency price data and a prediction function that provides both short-term and long-term trading signals based on the sentiment score of the previous day’s cryptocurrency tweets. Additionally, a method for refining the sentiment model result is outlined. The results illustrate that it is feasible to incorporate the Tweets sentiment of cryptocurrencies into the system for generating reliable trading signals.

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