$BTC Sentiment thermometer: Fear & Greed Index 30 (Fear), unchanged from yesterday.
When I first got into the market, I thought the Fear & Greed Index was based on survey votes. It took me a while to understand: questionnaires aren’t the main source. Volatility and trading volume carry the most weight. A sudden increase in price swings is treated as a sign of fear, while persistent growth in buying pressure during a rising market is counted as a sign of greed.
Before opening a leveraged position, first consider whether you can withstand the worst-case scenario, then see what the indicators say.
#BTC
When I first got into the market, I thought the Fear & Greed Index was based on survey votes. It took me a while to understand: questionnaires aren’t the main source. Volatility and trading volume carry the most weight. A sudden increase in price swings is treated as a sign of fear, while persistent growth in buying pressure during a rising market is counted as a sign of greed.
Before opening a leveraged position, first consider whether you can withstand the worst-case scenario, then see what the indicators say.
#BTC