Bitcoin Fear and Greed Index

[Beerwizzard]

This "fear and greed index" shows only sentiment and nothing more. This shows only the current situations that doesn't tell us anything about the future price. We can compare the price chart with a trade volume and end up with the same result. I have no idea what for this shitty index can be used.

Welcome and trying to prove your pointless analysis.
Look at the chart of the btc price, it didn't follow any Elliott wave, and what do you think your pathetic research can make any sense?

If you don’t like a thread/post then don’t comment. There’s no need to be an asshole & try to ridicule somebody.

Peace.

If you say some opposite opinion about my bullshit then don't say it because it does't let me to jack off on this bullshit.
Classic.

[LUCKMCFLY]

I think we all have different statistics to show from studies that have been done, they may prove to be useful at some point for those people who like to trade following the news and everything new related to bitcoin following some advice from Influencers or people who Take the time to do this type of analysis.

Personally I think that if there is more level of greed at this time in the market is very positive because we have a great way to see that the market in general carries a path to a bullish career by many traders in the world, despite that we are not in this phase, since we are in the accumulation phase, I would love to see bitcoin coming soon in prices from $ 9K to $ 10k since it is a price level where the accumulation range can be burst to get a possible bullish streak, still not being fulfilled that most bitcoins do not reach 80% of the accumulated.
When I do trading, I never look at this type of information, because my way of trading is different, it does not have to do with seeing statistics or news, unless they are fundamental or that the statistics show that the millionaire portfolios are already for 70% of accumulated bitcoins.

[ePesoInitiative]

the analysis is interesting, I really did not know that there was a graph that could measure fear and greed, how do they do it ?, is it because of the things that people comment on social networks or how do they get that data?

They post it on their webpage.

25% based on volatility
25% based on market momentum/volume
15% based on social media
15% based on surveys
10% based on coin market cap dominance
10% based on Google search trends


This is an interesting metric that I will be adding to my webpage and keeping a closer eye on.

Actually traditional markets like the DOW and NASDAQ has their fear and greed index taken from almost the same metrics. But this doesn't help in predicting the price action especially if you are margin trading. Maybe best for long holds, knowing when to sell is usually when the sentiment reaches extreme euphoria.