Bitcoin Fear and Greed Index: The crypto market is NOT pure mathematics!
The market is psychology and mathematics. Thepsychology is responsible for overshooting and extreme price movements.
What is Fear and Greed Index?
![Latest Crypto Fear & Greed Index](https://steemitimages.com/640x0/https://alternative.me/crypto/fear-and-greed-index.png)
The bitcoin Fear and Greed Index is an indicator that measures the emotions of investors in the crypto market. The index can fluctuate between 0 and 100 and is displayed graphically like a speedometer. Zero means "Extreme Fear", while 100 means "Extreme Greed". The factors including in the index are:
1. Volatility (25 %)
2. Market Volume (25%)
3. Social Media (15%)
4. Surveys (15%)
5. Dominance (10%)
6. Trends (10%)
#source: https://alternative.me
#source:https://coinmarketcap.com/
This can be clearly seen in the two pictures. For example in Julie 2019 the Bitcoin price has reached its highest value at 13.404 USD and Crypto Fear & Greed Index was almost 95, whereas in March Bitcoin has its lowest price at 5.900 USD and the Crypto Fear & Greed Index is now 12.