🐋 $BTC Sentiment reference: Fear & Greed Index 28 (Fear), down 22 from yesterday.
The sentiment index can be useful for managing your funds, provided you understand how it is calculated.
“Fear” and “Greed” are just names for ranges. Readings within the same label can still differ considerably, so looking at the number is more accurate than looking only at the label.
Extreme fear can last for several weeks, while extreme greed can become even greedier. Trying to time the top based on the index alone can easily lead you to exit too early.
Don’t chase trades during the most volatile few minutes. Wait for prices to settle before taking another look.
#BTC
The sentiment index can be useful for managing your funds, provided you understand how it is calculated.
“Fear” and “Greed” are just names for ranges. Readings within the same label can still differ considerably, so looking at the number is more accurate than looking only at the label.
Extreme fear can last for several weeks, while extreme greed can become even greedier. Trying to time the top based on the index alone can easily lead you to exit too early.
Don’t chase trades during the most volatile few minutes. Wait for prices to settle before taking another look.
#BTC
