Fear is 28 and the crowd is turning openly bearish on Bitcoin, Ethereum and XRP. Is that a warning or an opportunity? 😨
The Fear and Greed Index sits at 28 today, firmly in Fear, one point down from 29 yesterday, according to Alternative.me via CoinStats. 📊 Santiment social data shows Bitcoin recording only 0.82 bullish comments for every bearish one, Ethereum at 0.88, and XRP at just 0.49, the weakest of the three, while CoinGecko puts total market cap near 2.46 trillion dollars with Bitcoin dominance around 59 percent. My reading is that fear this deep usually comes near the pain, not the start of it, because the crowd is already bearish after a 8 percent weekly Bitcoin fall, and history says widespread fear can set up a recovery, but only when the selling actually stops.
Does extreme crowd fear mark the bottom, or does the market need one more washout first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearGreed
The Fear and Greed Index sits at 28 today, firmly in Fear, one point down from 29 yesterday, according to Alternative.me via CoinStats. 📊 Santiment social data shows Bitcoin recording only 0.82 bullish comments for every bearish one, Ethereum at 0.88, and XRP at just 0.49, the weakest of the three, while CoinGecko puts total market cap near 2.46 trillion dollars with Bitcoin dominance around 59 percent. My reading is that fear this deep usually comes near the pain, not the start of it, because the crowd is already bearish after a 8 percent weekly Bitcoin fall, and history says widespread fear can set up a recovery, but only when the selling actually stops.
Does extreme crowd fear mark the bottom, or does the market need one more washout first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearGreed
