A quick note: $BTC Market sentiment thermometer: Fear & Greed Index 57 (Greed), down 12 from yesterday.
People often ask what the Fear & Greed Index means. Here’s how I understand it.
The social media component looks at the volume and speed of engagement around Bitcoin topics. A noticeable increase in engagement is generally considered a sign of greed.
Extreme fear can last a long time, and greed can keep getting greedier. Trying to buy the bottom based on this number alone can easily be too early.
Don’t let a single indicator throw off your original plan, and definitely don’t use borrowed money to test a reading.
People often ask what the Fear & Greed Index means. Here’s how I understand it.
The social media component looks at the volume and speed of engagement around Bitcoin topics. A noticeable increase in engagement is generally considered a sign of greed.
Extreme fear can last a long time, and greed can keep getting greedier. Trying to buy the bottom based on this number alone can easily be too early.
Don’t let a single indicator throw off your original plan, and definitely don’t use borrowed money to test a reading.