Hey guys,
By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash. I've been observing this index for quite some time and find it pretty accurate, of course it doesn't give you the exact day or time but it indicates the sentiment on the market. Do you ever use this index in your trading analysis?
To me, the Fear & Greed metric is really important for me to use and find good prices to buy and sell. I often trade with high leverage so I have to be very careful in analyzing crowd sentiment. In addition, these indicators will often not be too accurate, so we also need to consider candles more to be sure of the victory.By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash. I've been observing this index for quite some time and find it pretty accurate, of course it doesn't give you the exact day or time but it indicates the sentiment on the market. Do you ever use this index in your trading analysis?
P/s: Fear & Greed indicator and volume trade will be the perfect combination to help us to order / take profit at the most accurate and reasonable time.
