$BTC Market sentiment reference: Fear & Greed Index 57 (Greed), down 12 from yesterday.
Let's use this data to talk about the Fear & Greed Index.
The momentum and volume component looks at current trading volume compared with the averages over the past 30 and 90 days. When the market is rising and buying volume continues to grow, this is counted as greed.
When extreme readings appear, market volatility also tends to be higher. At such times, it's more important to manage your position size than to rush to add to it.
Understanding an indicator helps you avoid being spooked by a single number; it's not for predicting market tops and bottoms.
#BTC
Let's use this data to talk about the Fear & Greed Index.
The momentum and volume component looks at current trading volume compared with the averages over the past 30 and 90 days. When the market is rising and buying volume continues to grow, this is counted as greed.
When extreme readings appear, market volatility also tends to be higher. At such times, it's more important to manage your position size than to rush to add to it.
Understanding an indicator helps you avoid being spooked by a single number; it's not for predicting market tops and bottoms.
#BTC