🐋 $BTC Market sentiment reference: Fear & Greed Index 62 (Greed), up 5 from yesterday.
The sentiment index can be useful for managing funds, provided you understand how it is calculated.
The index is updated only once a day. It reflects the sentiment over a period of time, not real-time changes.
Rather than focusing on a single day's reading, it is often more useful to look at the direction of change over several consecutive days: a gradual recovery from a low and a sharp drop from a high mean different things.
Reading indicators is easy; the hard part is sticking to your rules when the market is at its most extreme.
#BTC
Opinions may not be right. Please manage your own risk.
The sentiment index can be useful for managing funds, provided you understand how it is calculated.
The index is updated only once a day. It reflects the sentiment over a period of time, not real-time changes.
Rather than focusing on a single day's reading, it is often more useful to look at the direction of change over several consecutive days: a gradual recovery from a low and a sharp drop from a high mean different things.
Reading indicators is easy; the hard part is sticking to your rules when the market is at its most extreme.
#BTC
Opinions may not be right. Please manage your own risk.