🐋 $BTC Sentiment reference: Fear & Greed Index 59 (Greed), up 6 from yesterday.
Sentiment indicators are useful for managing funds, provided you know how they’re calculated.
According to the logic behind this index, a rising Bitcoin market-cap share is seen as a flight to safety, because people often move from smaller coins back to Bitcoin when they’re afraid.
Don’t chase a trade at the most volatile moment; wait for the candlestick to close before taking a look.
Sentiment indicators are useful for managing funds, provided you know how they’re calculated.
According to the logic behind this index, a rising Bitcoin market-cap share is seen as a flight to safety, because people often move from smaller coins back to Bitcoin when they’re afraid.
Don’t chase a trade at the most volatile moment; wait for the candlestick to close before taking a look.