Market Notes｜$BTC ｜Fear & Greed Index 63｜Greed｜+8 from yesterday
Definition: The index updates only once a day. It describes the market mood over a period of time, not real-time sentiment.
How to read it: One way to use it is as a contrarian reference: when fear is extreme, watch for signs that the market may have fallen too far; when greed is extreme, beware of overheating. This is just one way of thinking about it, not a buy or sell signal.
Don’t chase trades during the few minutes when the market is moving fastest. Wait for the candlestick to settle before deciding.
#BTC
I often get it wrong too. Make your own judgment.
Definition: The index updates only once a day. It describes the market mood over a period of time, not real-time sentiment.
How to read it: One way to use it is as a contrarian reference: when fear is extreme, watch for signs that the market may have fallen too far; when greed is extreme, beware of overheating. This is just one way of thinking about it, not a buy or sell signal.
Don’t chase trades during the few minutes when the market is moving fastest. Wait for the candlestick to settle before deciding.
#BTC
I often get it wrong too. Make your own judgment.