$BTC Market sentiment thermometer: Fear & Greed Index at 59 (Greed), up 6 from yesterday.
Let’s talk about what’s behind this number.
The index combines several types of data: price volatility, market momentum and trading volume, social media discussions, Bitcoin’s share of the market capitalization, search engine trends, and more.
Extreme fear can persist for a long time, and extreme greed can keep heating up. Relying on this number alone to call a market top can easily make you exit too early.
Reading indicators isn’t hard; the hard part is sticking to your plan when the market is at its most exciting.
Let’s talk about what’s behind this number.
The index combines several types of data: price volatility, market momentum and trading volume, social media discussions, Bitcoin’s share of the market capitalization, search engine trends, and more.
Extreme fear can persist for a long time, and extreme greed can keep heating up. Relying on this number alone to call a market top can easily make you exit too early.
Reading indicators isn’t hard; the hard part is sticking to your plan when the market is at its most exciting.