Fear jumped from 34 to 50 overnight, from Fear to Neutral, while Bitcoin stayed above 80,000 dollars. 😨
Alternative.me data checked at 05:00 PKT on 5 November reads 50, Neutral, against 34, Fear, the day before, while Bitcoin trades near 80,446 dollars and Ethereum is up 6.54 percent in 24 hours. 📊 My reading is that this is the fastest sentiment flip of the week, and it matters because yesterday traders were still suspicious of the bounce, but today the same bounce is being treated as normal. Sentiment alone is not a buy signal, and a jump to Neutral after one green night can reverse just as fast if 81,004 rejects, but it does mean the fear trade is no longer crowded.
Is Neutral 50 a real reset, or just one green night fooling everyone? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
Alternative.me data checked at 05:00 PKT on 5 November reads 50, Neutral, against 34, Fear, the day before, while Bitcoin trades near 80,446 dollars and Ethereum is up 6.54 percent in 24 hours. 📊 My reading is that this is the fastest sentiment flip of the week, and it matters because yesterday traders were still suspicious of the bounce, but today the same bounce is being treated as normal. Sentiment alone is not a buy signal, and a jump to Neutral after one green night can reverse just as fast if 81,004 rejects, but it does mean the fear trade is no longer crowded.
Is Neutral 50 a real reset, or just one green night fooling everyone? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
