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?
The OP was posted on 11th November and if you see the trend since the time of this thread posted, the price has only gone up which again makes me believe like these Fear&Greed and other charts are just not accurate or even give a rough idea. I would have respected these charts had the price stayed same but it has gone up and this clearly tells you that the crypto market at least cannot be determined by these charts and usual analysis.
I am going to buy even more Bitcoins probably once I get my salary and that is because I am expecting some new records to be set in the next year and yeah you may discuss about the crash that is going to happen, but I have my own belief in Bitcoins.