Fear and greed just printed 13, extreme fear, the lowest in months. đš
Alternative.me data checked at 02:00 PKT puts the Crypto Fear and Greed Index at 13, labelled Extreme Fear, down from 20 on Friday and 28 on Thursday, after Bitcoin fell below 66,000 dollars on Saturday. đ PlainBTC reports the index fell to 13 on Saturday as ETF outflows hit a seventh straight session and leveraged longs were liquidated for a second day. My reading is that extreme fear alone is not a buy signal, it only tells me the crowd is scared, and in a flush the fear can sit at 13 for days while price keeps sliding, so I wait for a level, not a feeling.
Do you buy when fear prints 13, or do you wait for a reclaim of 70,000 first? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearAndGreed
Alternative.me data checked at 02:00 PKT puts the Crypto Fear and Greed Index at 13, labelled Extreme Fear, down from 20 on Friday and 28 on Thursday, after Bitcoin fell below 66,000 dollars on Saturday. đ PlainBTC reports the index fell to 13 on Saturday as ETF outflows hit a seventh straight session and leveraged longs were liquidated for a second day. My reading is that extreme fear alone is not a buy signal, it only tells me the crowd is scared, and in a flush the fear can sit at 13 for days while price keeps sliding, so I wait for a level, not a feeling.
Do you buy when fear prints 13, or do you wait for a reclaim of 70,000 first? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearAndGreed
