A note: $BTC
Market sentiment thermometer: Fear & Greed Index 63 (Greed), up 10 from yesterday.
People often ask what the Fear & Greed Index means. This is how I understand it.
The index is updated only once a day. It reflects the sentiment over a period of time, not real-time changes.
Rather than the reading on any one day, the direction of change over several consecutive days is often more useful: a gradual rebound from a low and a rapid drop from a high mean different things.
Rare readings often point to greater volatility. At times like these, it’s wiser to reduce your position than to make a big bet.
These are just views for discussion. You’re responsible for your own gains and losses.
Market sentiment thermometer: Fear & Greed Index 63 (Greed), up 10 from yesterday.
People often ask what the Fear & Greed Index means. This is how I understand it.
The index is updated only once a day. It reflects the sentiment over a period of time, not real-time changes.
Rather than the reading on any one day, the direction of change over several consecutive days is often more useful: a gradual rebound from a low and a rapid drop from a high mean different things.
Rare readings often point to greater volatility. At times like these, it’s wiser to reduce your position than to make a big bet.
These are just views for discussion. You’re responsible for your own gains and losses.