Technical Notes｜$BTC ｜Fear & Greed Index 29｜Fear｜Up 1 from yesterday
First, a definition: In this index’s algorithm, a rising Bitcoin market-cap share is viewed as a sign of caution, because funds often move out of smaller coins and back into Bitcoin when people are afraid.
How to read it: I personally use this index as emotional context; actual decisions should still depend on your own position and stop-loss.
Cross-checking several data points is more reliable than looking at just one, but even more indicators still can’t provide a definitive conclusion.
#BTC
First, a definition: In this index’s algorithm, a rising Bitcoin market-cap share is viewed as a sign of caution, because funds often move out of smaller coins and back into Bitcoin when people are afraid.
How to read it: I personally use this index as emotional context; actual decisions should still depend on your own position and stop-loss.
Cross-checking several data points is more reliable than looking at just one, but even more indicators still can’t provide a definitive conclusion.
#BTC
