🚨 The fear gauge on Wall Street is flashing red
The VIX volatility index jumped more than 70% during today’s session, marking one of its sharpest surges in years amid a strong sell-off and growing market fears.
This is one of the indicators I talked about a lot when $BTC was falling toward $60,000.
My view was, and still is: when the fear gauge spikes and markets enter a state of panic, opportunities for a bottom to form ahead of a strong upward move begin to emerge.
But keep in mind: a rising VIX doesn’t mean a bottom is confirmed or that a rebound will begin immediately.
I’m watching it closely now, because extreme fear can turn into an opportunity for those who know how to wait and manage their risk. 👀
#USStocksSlipandCryptoMarketUnderBroadPressure
The VIX volatility index jumped more than 70% during today’s session, marking one of its sharpest surges in years amid a strong sell-off and growing market fears.
This is one of the indicators I talked about a lot when $BTC was falling toward $60,000.
My view was, and still is: when the fear gauge spikes and markets enter a state of panic, opportunities for a bottom to form ahead of a strong upward move begin to emerge.
But keep in mind: a rising VIX doesn’t mean a bottom is confirmed or that a rebound will begin immediately.
I’m watching it closely now, because extreme fear can turn into an opportunity for those who know how to wait and manage their risk. 👀
#USStocksSlipandCryptoMarketUnderBroadPressure
