A quick note: $BTC
Sentiment thermometer: Fear & Greed Index 57 (Greed), down 12 from yesterday.
People often ask how to read the Fear & Greed Index, so here’s my take.
The index is updated only once a day. It reflects sentiment over a period of time, not how people are feeling intraday.
Extreme fear can last for weeks, and extreme greed can keep getting hotter. If you rely on the index alone to pick a bottom, you can easily jump in too early.
Don’t place orders during the most volatile few minutes. Wait for the price action to play out before taking a look.
#BTC
Volatility is high, so manage your leverage carefully.
Sentiment thermometer: Fear & Greed Index 57 (Greed), down 12 from yesterday.
People often ask how to read the Fear & Greed Index, so here’s my take.
The index is updated only once a day. It reflects sentiment over a period of time, not how people are feeling intraday.
Extreme fear can last for weeks, and extreme greed can keep getting hotter. If you rely on the index alone to pick a bottom, you can easily jump in too early.
Don’t place orders during the most volatile few minutes. Wait for the price action to play out before taking a look.
#BTC
Volatility is high, so manage your leverage carefully.