$BTC Market sentiment thermometer: Fear & Greed Index 62 (Greed), up 5 from yesterday.
Let’s use this data to talk about the Fear & Greed Index.
This index combines several data points: price volatility, market momentum and trading volume, social media discussions, Bitcoin’s share of the market cap, search trends, and more.
Sentiment indicators can help us recognize whether we’re being swept along by the crowd’s emotions—which may be more useful than trying to predict whether prices will rise or fall.
Don’t chase trades during the most volatile few minutes. Wait for the price action to play out before taking a look.
#BTC
Let’s use this data to talk about the Fear & Greed Index.
This index combines several data points: price volatility, market momentum and trading volume, social media discussions, Bitcoin’s share of the market cap, search trends, and more.
Sentiment indicators can help us recognize whether we’re being swept along by the crowd’s emotions—which may be more useful than trying to predict whether prices will rise or fall.
Don’t chase trades during the most volatile few minutes. Wait for the price action to play out before taking a look.
#BTC