FEAR + GREED AUG 2019 BTC has just had a good pump from $3000 to $10,000 apprpox.
I would have assumed F&G would have been more in the 60s/70s because we eventually got a drop to $6000 and back to $3000.
Why was F&G so low (fear) after a pump. It would suggest the sentiment was to buy?
I know it's not a science but just curious as to why the siganls and market sentiment offered by F&G didn't line up
The Fear and Greed Index (F&G) is a measure of market participants' sentiment towards Bitcoin. While it can be helpful in assessing the overall sentiment towards cryptocurrencies, it is important to note that it is not a perfect science and can be influenced by many factors.
In the case you mentioned, with BTC having a good pump from $3000 to $10,000, it makes sense for the market sentiment to lean more towards greed. However, it is possible that other factors, such as regulatory concerns or market volatility, may have kept F&G at short-term lows.
It's also important to remember that F&G is not the be-all and end-all of market analysis, and investors should consider a range of other factors when making investment decisions. Finally, market sentiment can be difficult to accurately predict, and even the most sophisticated tools and techniques may not provide a complete picture of what is driving market behavior.