Fear and greed just dropped to 20, extreme fear, for the first time since July. đš
Alternative.me data checked at 20:00 PKT on 13 November puts the Crypto Fear and Greed Index at 20, extreme fear, down from 28 yesterday, and Coinspeaker notes it is the first extreme fear reading since July. đ Bitcoin fell 6.7 percent in 24 hours and 9.1 percent in a week, Ether lost 5.5 percent on the day, and Solana gave up 3.4 percent, all while the index collapsed. My reading is that extreme fear is a sentiment signal, not a buy button, because bottoms form when fear stays extreme and sellers run out of coins, not on the first day the index flashes red, and with Bitcoin at 69,121 dollars the market still needs proof that 67,568 holds.
Does extreme fear at 20 mark the bottom, or does fear have to get worse before buyers return? đ€
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #Sentiment
Alternative.me data checked at 20:00 PKT on 13 November puts the Crypto Fear and Greed Index at 20, extreme fear, down from 28 yesterday, and Coinspeaker notes it is the first extreme fear reading since July. đ Bitcoin fell 6.7 percent in 24 hours and 9.1 percent in a week, Ether lost 5.5 percent on the day, and Solana gave up 3.4 percent, all while the index collapsed. My reading is that extreme fear is a sentiment signal, not a buy button, because bottoms form when fear stays extreme and sellers run out of coins, not on the first day the index flashes red, and with Bitcoin at 69,121 dollars the market still needs proof that 67,568 holds.
Does extreme fear at 20 mark the bottom, or does fear have to get worse before buyers return? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Sentiment
