Quote from: Myleschetty on November 18, 2020, 11:52:47 PM

Quote from: 8m_zk on November 11, 2020, 08:17:28 AM

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?

I'm a short term cryptocurrency trader but I never use such an index in my trading analysis because there are some occasions in the market which will change the trend of the Bitcoin market even when the signal shows the market to experience a dump in price.

Very true specially in the bitcoin market because no matter what the signals are indicating the market can move in any direction without any explanation or indication so yeah pretty explosive and dynamic market.

I hardly play with the price because I often buy in the bull run and then forced to sell in the bear run so I have stopped playing with the price of bitcoins but one thing I do is, when a small dip happens I buy some amount and as soon the market gets to the normal amount again, I just sell and save my profits.

Good luck and well played for people who held strong in tough times!