As many of you guys know closely look at the Fear/Greed Index indicator when trading the crypto market and i try to allign the technical analysis with the sentiment analysis because crypto market is very emotional and many moves are based on the emotions either it's fear/greed or anything else.
For today the 04.02.2022 FEAR/GREED index indicator is located at a NEUTRAL area meaning we have no ENTRY, the RETAIL HEARD is not in a GREED or a FEAR Sentiment so there is no trading opportunity based on this market analysis tool, let's wait for the btc drop somewhere around 45k - 42.5k in those areas there is a high probability the tool will be somewhere around 40-50 FEAR area so that will be a good LONG ENTRY.
✅ Why Measure Fear and Greed?
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
✅ Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
✅ When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
What do you think ? Do you use this market tool ?
For today the 04.02.2022 FEAR/GREED index indicator is located at a NEUTRAL area meaning we have no ENTRY, the RETAIL HEARD is not in a GREED or a FEAR Sentiment so there is no trading opportunity based on this market analysis tool, let's wait for the btc drop somewhere around 45k - 42.5k in those areas there is a high probability the tool will be somewhere around 40-50 FEAR area so that will be a good LONG ENTRY.
✅ Why Measure Fear and Greed?
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
✅ Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
✅ When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
What do you think ? Do you use this market tool ?