$BTC Market sentiment thermometer: Fear & Greed Index at 55 (Greed), down 8 from yesterday.
When I first got into crypto, I thought this index was based on survey results. It took me a while to understand that it’s actually calculated mainly from several types of objective data, including price volatility, market momentum and trading volume, social media engagement, Bitcoin’s market cap dominance, and search trends. Surveys aren’t the main source.
Working backward from where to place your stop-loss to determine your order size is much more reliable than sizing your position by gut feel.
#BTC
Just sharing my personal views—not financial advice.
When I first got into crypto, I thought this index was based on survey results. It took me a while to understand that it’s actually calculated mainly from several types of objective data, including price volatility, market momentum and trading volume, social media engagement, Bitcoin’s market cap dominance, and search trends. Surveys aren’t the main source.
Working backward from where to place your stop-loss to determine your order size is much more reliable than sizing your position by gut feel.
#BTC
Just sharing my personal views—not financial advice.