Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: Hueristic on August 23, 2019, 03:02:26 AM

Quote from: soxxx on August 22, 2019, 10:37:13 PM

Quote from: BobLawblaw on August 22, 2019, 09:24:01 PM

E X T R E M E F E A R

https://alternative.me/crypto/fear-and-greed-index/

https://i.imgur.com/I6vC8zF.png

This indicator doesnt work imo, yeah social media/trends might be dipping, but thats just typical when the price is "boring".

I don't feel any extreme fear right now, I think if we went down below $9000 or $8000, then you will see real fear, but right now? not much at all. Broken indicator.

https://sludgefeed.com/cnbc-counter-trade-indicator-strikes-again/

Very often the sentiment indicators are a contrarian signal and price move into the opposite direction. But timing is often off so it can be risky to swim against the current too early...