🐋 $BTC Sentiment reference: Fear & Greed Index 69 (Greed), up 8 from yesterday.
The sentiment index can help with position management, provided you understand how it’s calculated.
The index is divided into five zones: Extreme Fear, Fear, Neutral, Greed, and Extreme Greed, and is updated once a day.
Sharp swings within a single day are usually caused by dramatic price moves that day, and it’s not uncommon for the index to then return to its previous zone.
Understanding how to read the indicator isn’t hard; the hard part is sticking to your rules when the market is at its most volatile.
The sentiment index can help with position management, provided you understand how it’s calculated.
The index is divided into five zones: Extreme Fear, Fear, Neutral, Greed, and Extreme Greed, and is updated once a day.
Sharp swings within a single day are usually caused by dramatic price moves that day, and it’s not uncommon for the index to then return to its previous zone.
Understanding how to read the indicator isn’t hard; the hard part is sticking to your rules when the market is at its most volatile.