Fear and greed is at 20, extreme fear, and it fell from 28 yesterday. 😨
The alternative.me Fear and Greed Index reads 20 today, Extreme Fear, down from 28 yesterday and 29 the day before, after a week of fear while Bitcoin fell from above 76,000 dollars to 67,555 dollars. 📉 ETF outflows have run six straight days and the Dollar Index sits above 103, so the market is scared and under owned by institutions at the same time. My reading is that extreme fear plus six straight days of ETF outflows is the setup where bottoms form, but only after price reclaims 70,000 dollars, because fear alone never marks the low, price confirmation does.
Do you buy extreme fear, or wait for the 70,000 dollar reclaim first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearAndGreed
The alternative.me Fear and Greed Index reads 20 today, Extreme Fear, down from 28 yesterday and 29 the day before, after a week of fear while Bitcoin fell from above 76,000 dollars to 67,555 dollars. 📉 ETF outflows have run six straight days and the Dollar Index sits above 103, so the market is scared and under owned by institutions at the same time. My reading is that extreme fear plus six straight days of ETF outflows is the setup where bottoms form, but only after price reclaims 70,000 dollars, because fear alone never marks the low, price confirmation does.
Do you buy extreme fear, or wait for the 70,000 dollar reclaim first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearAndGreed
