🐋 $BTC Sentiment reference: Fear & Greed Index 57 (Greed), down 12 from yesterday.
Sentiment indicators are useful for position management, provided you understand how they’re calculated.
The index is published only once a day. It describes sentiment over a period of time, not intraday sentiment.
Sentiment indicators can help you see whether you’re being swept up in the crowd’s mood—which may be more useful than trying to predict market direction.
Don’t chase a trade during the sharpest moves. Wait for the price action to play out, then take a look.
#BTC
Sentiment indicators are useful for position management, provided you understand how they’re calculated.
The index is published only once a day. It describes sentiment over a period of time, not intraday sentiment.
Sentiment indicators can help you see whether you’re being swept up in the crowd’s mood—which may be more useful than trying to predict market direction.
Don’t chase a trade during the sharpest moves. Wait for the price action to play out, then take a look.
#BTC