Just saw: $BTC Sentiment thermometer: Fear & Greed Index 20 (extreme fear), down 8 from yesterday.
People keep asking how to read the Fear & Greed Index, so here’s my take.
The social media component looks at the volume and buzz of discussions about Bitcoin; a clear increase in engagement generally corresponds to greater greed.
The same reading means different things in an uptrend and a downtrend: in an uptrend, elevated greed can persist for a long time.
If you’re using leverage, keep extra margin and don’t let one sudden swing liquidate your position.
People keep asking how to read the Fear & Greed Index, so here’s my take.
The social media component looks at the volume and buzz of discussions about Bitcoin; a clear increase in engagement generally corresponds to greater greed.
The same reading means different things in an uptrend and a downtrend: in an uptrend, elevated greed can persist for a long time.
If you’re using leverage, keep extra margin and don’t let one sudden swing liquidate your position.
