Bitcoin Fear & Greed Index is now at just 17. That's Extreme Fear.
I've seen this kind of sentiment before. When fear gets this high, most traders start avoiding the market, while some interesting buying opportunities begin to appear.
I'm personally watching this zone very closely.
I don't think the market will remain under pressure for too long. A recovery towards the green side could come with some serious volatility.
I'm not saying blindly open LONG positions. But if price gives proper confirmation, this could be an interesting area to look for long setups.
Just don't forget your Stop Loss. Extreme fear can stay longer than expected, and protecting capital matters more than catching the exact bottom.
$BTC
I've seen this kind of sentiment before. When fear gets this high, most traders start avoiding the market, while some interesting buying opportunities begin to appear.
I'm personally watching this zone very closely.
I don't think the market will remain under pressure for too long. A recovery towards the green side could come with some serious volatility.
I'm not saying blindly open LONG positions. But if price gives proper confirmation, this could be an interesting area to look for long setups.
Just don't forget your Stop Loss. Extreme fear can stay longer than expected, and protecting capital matters more than catching the exact bottom.
$BTC
