$BTC Market sentiment thermometer: Fear & Greed Index 28 (Fear), up 3 from yesterday.
Folks, how exactly is the Fear & Greed Index calculated? Here’s the quick version👇
The market momentum and volume component compares current trading volume with the averages over the past 30 and 90 days. When prices are rising and buying pressure remains strong, that’s counted as greed.
The index mostly reflects Bitcoin-related conditions. Altcoins often move to their own rhythms, so don’t apply it blindly.
Indicators can fail, so don’t skip your stop-loss: think ahead about what you’ll do if your assessment is wrong—that matters more than guessing correctly.
#BTC
Folks, how exactly is the Fear & Greed Index calculated? Here’s the quick version👇
The market momentum and volume component compares current trading volume with the averages over the past 30 and 90 days. When prices are rising and buying pressure remains strong, that’s counted as greed.
The index mostly reflects Bitcoin-related conditions. Altcoins often move to their own rhythms, so don’t apply it blindly.
Indicators can fail, so don’t skip your stop-loss: think ahead about what you’ll do if your assessment is wrong—that matters more than guessing correctly.
#BTC