Post
Topic
Board Trading Discussion
Re: Extreme greed on the market
by
LUCKMCFLY
on 16/11/2020, 19:58:56 UTC
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?

This is just an indication, as you say, but it is not something fundamental by which you should guide yourself, sometimes the strategies of the whales consist of making traders believe that to be able to make the opposite movement and thus win, it is like a jungle, not all investors or traders have an opinion, not all emotions are reflected there.

In the same way, it is good to have all this information so that you can carry out your commercial decision. What matters is that your trading plan is not affected by news, I learned that from a book by Jesse Livermore, which, he did not see or trade news so that they would not interfere in his analysis, of course today is decision of the trader to do what suits him best according to his criteria.