Just saw: $BTC . Market sentiment reference: Fear & Greed Index 62 (Greed), up 5 from yesterday.
People often ask how to interpret the Fear & Greed Index. This is how I think about it.
The social media component tracks engagement and buzz around Bitcoin topics. A sudden surge in discussion generally suggests increased greed.
Big swings within a day are often caused by sharp price movements that day, and it’s also common for the index to return to its previous level afterward.
The indicator can fail, so don’t skip your stop-loss: thinking in advance about what to do if you’re wrong is more important than getting the prediction right.
People often ask how to interpret the Fear & Greed Index. This is how I think about it.
The social media component tracks engagement and buzz around Bitcoin topics. A sudden surge in discussion generally suggests increased greed.
Big swings within a day are often caused by sharp price movements that day, and it’s also common for the index to return to its previous level afterward.
The indicator can fail, so don’t skip your stop-loss: thinking in advance about what to do if you’re wrong is more important than getting the prediction right.