$BTC Market sentiment reference: Fear & Greed Index 28 (Fear), up 3 from yesterday.
Everyone, how is this index calculated? Here’s the quick version👇
The social media component tracks the volume and pace of engagement in discussions about Bitcoin. An unusual spike in engagement generally indicates greater greed.
The same reading can mean different things in bull and bear markets: in a bull market, greedy sentiment can persist for several months.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close before deciding.
#BTC
Everyone, how is this index calculated? Here’s the quick version👇
The social media component tracks the volume and pace of engagement in discussions about Bitcoin. An unusual spike in engagement generally indicates greater greed.
The same reading can mean different things in bull and bear markets: in a bull market, greedy sentiment can persist for several months.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close before deciding.
#BTC
