$BTC Market mood thermometer: Fear & Greed Index 57 (Greed), down 12 from yesterday.
When I first got into the market, I thought this index was based on survey votes. It took me a while to realize that it’s actually calculated mainly from several types of objective data, including volatility, market momentum and trading volume, social media engagement, Bitcoin’s share of the market cap, and search trends. Surveys aren’t a major factor.
Leave plenty of room when using leverage, so one wick doesn’t liquidate your position.
When I first got into the market, I thought this index was based on survey votes. It took me a while to realize that it’s actually calculated mainly from several types of objective data, including volatility, market momentum and trading volume, social media engagement, Bitcoin’s share of the market cap, and search trends. Surveys aren’t a major factor.
Leave plenty of room when using leverage, so one wick doesn’t liquidate your position.