[ Trading ] Bitcoin Fear & Greed index
Have you seen the lasted Fear and Greed Index? Very interesting index. Currently is very low and that is ‘’good’’ because although bitcoin had been in free fall lately it looks like we are close to the bottom… for now.
The index is currently at 15 today 24 June. On 6 Feb it was on 8 (That was the previous 6 month low of $6000), so I think we are going lower.
Source: https://alternative.me/crypto/fear-and-greed-index/
Let me know if you have seen this index before and what you think about it?
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We must be close to a bounce, but I am waiting for 5200.
If we go there the bounce will be fast and aggressive.
I hope you are right with that target. I have a 3 month old order at 5642 and if we go up now after being this close, I would be sad.
Bitcoin down trend is over now, from here it will get stable and market will recover. Most people comes in fear and sell their coin and when pump come, again they enter at high prices.
That is very true @crypto-worldnews, but is human normal behavior and that is way chart always repeat themselves.
Yes in crypto currency all patterns are set, every year Bitcoin do the same. It goes high and again form triple bottom and new people who started this field gets into panic and they sell and exit.
That little short squeeze yesterday gave me some hope turning my portfolio green for the first time in ages. But he trend just continues. Just hoping for the bottom soon!