Fear and greed is at 13, extreme fear, and it keeps falling every single day. 😨
The alternative.me Fear and Greed Index reads 13 today, Extreme Fear, down from 20 yesterday and 28 the day before, after Bitcoin fell from above 76,000 dollars to a low of 67,052 dollars in the same stretch. 📉 ETF outflows are running, the Dollar Index sits above 103, and the Coinbase Premium Index has dropped below minus 4, its deepest level since February, so buyers are scared and US demand is quiet at the same time. My reading is that fear this deep is where bottoms eventually form, but only after price reclaims 70,000 dollars, because fear alone never marks the low, price confirmation does.
Do you buy extreme fear at 13, 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 13 today, Extreme Fear, down from 20 yesterday and 28 the day before, after Bitcoin fell from above 76,000 dollars to a low of 67,052 dollars in the same stretch. 📉 ETF outflows are running, the Dollar Index sits above 103, and the Coinbase Premium Index has dropped below minus 4, its deepest level since February, so buyers are scared and US demand is quiet at the same time. My reading is that fear this deep is where bottoms eventually form, but only after price reclaims 70,000 dollars, because fear alone never marks the low, price confirmation does.
Do you buy extreme fear at 13, or wait for the 70,000 dollar reclaim first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearAndGreed
