The Markets Are Back in ‘Greed’ Territory

Article source, here.

TL;DR

• The Crypto Fear and Greed Index aims to represent the "emotions and sentiments" towards Bitcoin and the crypto market, by taking into consideration factors like volatility and trading volume.

• Early this week, the Index hit 68 - its highest score since Nov. 16, 2021.

• While the Crypto Fear and Greed Index is a nice, easy, vanity metric that lets us keep up with the market sentiment at a high level each day, it does not take into consideration technical and fundamental analytics.

Full Story

Humans are fascinating creatures.

We love to take seemingly random ideas, turn them into a number, and then use that number to make all sorts of decisions.

Which is exactly what the 'Crypto Fear and Greed Index' does.

The Crypto Fear and Greed Index aims to represent the "emotions and sentiments" towards Bitcoin and the crypto market, by taking into consideration factors like volatility and trading volume.

Its rating is out of 100; the higher, the better.

Early this week, the Index hit 68 - its highest score since Nov. 16, 2021.

(Just a few days after Bitcoin's all time high of ~$69,000 USD on Nov. 10, 2021).

So, the Index is well and truly back in 'Greed' territory, but what's it mean for BTC and crypto as a whole?

If you're a day trader, or if you're trying to time the market, things could start to get real interesting, real fast.

If you prefer to take the longer term view (like us), then this is kind of like having a double shot coffee - exciting for a while, until you remind yourself that this is simply an indicator about a moment in time, and there are sure to be better, and far worse, times ahead.

While the Crypto Fear and Greed Index is a nice, easy, vanity metric that lets us keep up with the market sentiment at a high level each day, it does not take into consideration technical and fundamental analytics.

Not financial advice, so as always, DYOR!