$BTC Sentiment reference: Fear & Greed Index 64 (Greed), up 5 from yesterday.
Guys, where does the Fear & Greed Index come from? Here’s the short version👇
The market momentum and trading volume component compares current trading volume with the averages over the past 30 and 90 days. When trading volume remains strong as prices rise, it’s seen as a sign of greed.
Rather than focusing on a single day’s reading, it’s often more useful to look at the trend over several days: a gradual recovery from a low is not the same as a sharp drop from a high.
All data simply summarizes past trends; prices can reverse direction at any time.
#BTC
Stay rational and manage your position size.
Guys, where does the Fear & Greed Index come from? Here’s the short version👇
The market momentum and trading volume component compares current trading volume with the averages over the past 30 and 90 days. When trading volume remains strong as prices rise, it’s seen as a sign of greed.
Rather than focusing on a single day’s reading, it’s often more useful to look at the trend over several days: a gradual recovery from a low is not the same as a sharp drop from a high.
All data simply summarizes past trends; prices can reverse direction at any time.
#BTC
Stay rational and manage your position size.