A note: $BTC
Market sentiment thermometer: Fear & Greed Index 55 (Greed), down 8 from yesterday.
People often ask how to read the Fear & Greed Index. Here’s how I see it.
The Fear & Greed Index condenses market sentiment into a number between 0 and 100: closer to 0 means more fear, while closer to 100 means more optimism.
Sentiment indicators are largely driven by prices: prices plunge first, and fear follows. So the index is more a reflection than a cause.
Indicators can fail, so don’t skip stop-losses. It’s more important to decide in advance what you’ll do if you’re wrong than to predict correctly.
Market sentiment thermometer: Fear & Greed Index 55 (Greed), down 8 from yesterday.
People often ask how to read the Fear & Greed Index. Here’s how I see it.
The Fear & Greed Index condenses market sentiment into a number between 0 and 100: closer to 0 means more fear, while closer to 100 means more optimism.
Sentiment indicators are largely driven by prices: prices plunge first, and fear follows. So the index is more a reflection than a cause.
Indicators can fail, so don’t skip stop-losses. It’s more important to decide in advance what you’ll do if you’re wrong than to predict correctly.