Fear is still stuck at 26, and the market has not blinked even after Bitcoin recovered. đš
Alternative.me data checked at 23:00 PKT on 3 November still reads 26, Fear, exactly where it sat all day and just one point above extreme fear, while Bitcoin recovered from 76,303 to 77,607 dollars. đ That split tells you something important. Price recovered, but confidence did not, which usually means traders are watching the recovery with suspicion after a 6.3 billion dollar exchange hack week and 398 million dollars of ETF outflows on Monday. My reading is that fear this sticky is not a buy signal by itself, but it does mean any real reclaim of 78,661 will surprise a lot of sidelined traders.
Is fear 26 a floor forming under this market, or does it still have to visit extreme fear first? đ€
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
Alternative.me data checked at 23:00 PKT on 3 November still reads 26, Fear, exactly where it sat all day and just one point above extreme fear, while Bitcoin recovered from 76,303 to 77,607 dollars. đ That split tells you something important. Price recovered, but confidence did not, which usually means traders are watching the recovery with suspicion after a 6.3 billion dollar exchange hack week and 398 million dollars of ETF outflows on Monday. My reading is that fear this sticky is not a buy signal by itself, but it does mean any real reclaim of 78,661 will surprise a lot of sidelined traders.
Is fear 26 a floor forming under this market, or does it still have to visit extreme fear first? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
