$BTC Market sentiment reference: Fear & Greed Index 69 (Greed), up 8 from yesterday.
Let's use this figure to break down the Fear & Greed Index.
The social media component tracks the volume and popularity of Bitcoin-related discussions. Unusually high engagement is generally seen as a sign of greater greed.
Rather than looking at a single day's reading, it's usually more useful to watch the direction of change over several consecutive days: a gradual recovery from a low and a rapid drop from a high mean different things.
Don't change your plan based on a single indicator, and definitely don't gamble borrowed money on one reading.
Let's use this figure to break down the Fear & Greed Index.
The social media component tracks the volume and popularity of Bitcoin-related discussions. Unusually high engagement is generally seen as a sign of greater greed.
Rather than looking at a single day's reading, it's usually more useful to watch the direction of change over several consecutive days: a gradual recovery from a low and a rapid drop from a high mean different things.
Don't change your plan based on a single indicator, and definitely don't gamble borrowed money on one reading.