🐋 $BTC Market sentiment reference: Fear and Greed Index 26 (Fear), down 11 from yesterday.
Sentiment indicators can be useful for managing positions, provided you know how they’re calculated.
The Fear and Greed Index quantifies market sentiment on a scale from 0 to 100: the closer to 0, the more fearful; the closer to 100, the more optimistic.
Big swings within a single day are usually driven by substantial price fluctuations that day. It’s also not uncommon for the index to return to its previous range after a few days.
Don’t change your plan because of a single number, and don’t gamble with borrowed money on one reading.
#BTC
This is just my personal opinion. Please consider it rationally.
Sentiment indicators can be useful for managing positions, provided you know how they’re calculated.
The Fear and Greed Index quantifies market sentiment on a scale from 0 to 100: the closer to 0, the more fearful; the closer to 100, the more optimistic.
Big swings within a single day are usually driven by substantial price fluctuations that day. It’s also not uncommon for the index to return to its previous range after a few days.
Don’t change your plan because of a single number, and don’t gamble with borrowed money on one reading.
#BTC
This is just my personal opinion. Please consider it rationally.