Fear & Greed index. The crypto market is going through unimaginable times.
15 Jun 2022, 08:14
🧭 Fear & Greed index 🧭
The crypto market is going through unimaginable times. Bitcoin price dropped from its historical maximum of $69k to $21k, Tesla and MicroStrategy lost $1,5B in total and people lose control in an attempt to save their funds. The market has moved into extreme fear so it's time to talk about Fear&Greed Index.
➡️ This index helps investors don’t become victims of their emotions and make rational decisions on buying, selling and holding cryptos.
Fear & Greed index is gauged from 0 to 100 where 0 means extremely fearful situation and 100 is extremely greedy.
The index rate depends on several Bitcoin indicators measured on a daily basis:
▫️volatility
▪️market momentum and volume
▫️social media
▪️dominance
▫️trends
🔻 If the index is from 0 to 49 the market is fearful. When the market is extremely fearful it’s a great opportunity to buy cryptos.
🔺 When prices grow investors are getting more greedy because of FOMO (fear of missing out) effect.
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