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Bitcoin-rate of 10,000: Fear & Greed Index gives clear Signal

The price of Bitcoin is shaking constantly at the psychologically important $ 10,000 mark. BTC-Trader need a quiet mind. The Fear & Greed Index shows that this

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Bitcoin-rate of 10,000: Fear & Greed Index gives clear Signal

The price of Bitcoin is shaking constantly at the psychologically important $ 10,000 mark. BTC-Trader need a quiet mind. The Fear & Greed Index shows that this is currently easy. And there is a clear action statement

By Phillip Horch
22. August 2019BTC$10.082,56 0.30%part Facebook Twitter LinkedIn xing mail

The Fear & Greed Index promises to be an analysis of the Bitcoin market. He measures the mood among investors is. He fluctuates between the markers Fear (fear) and Greed (greed).

The Fear & Greed Index and the price of Bitcoin

The Fear & Greed Index moves on a scale between Zero (extreme fear) to 100 (extreme greed).

While the price of Bitcoin is currently so with the $ 10,000 fights, the Index a clear direction: fear. Thus, he is a five, just over the fear boundary.

According to the operators, alternative.me signaled a good buying option:

Extreme fear can be a sign that investors are worried about. This could be a good buying opportunity.

A sell signal occurs only when the Fear & Greed Index turns in the other direction:

When investors are greedy, it means that the market correction is imminent.

in other words: Is the market mood is anxious, is FUD (Fear, Uncertainty & Doubt; fear, uncertainty & doubt) can be a good way to profit from the Bitcoin exchange. Prevails in contrast, FOMO (Fear of Missing Out, The fear to miss something), it is recommended to take distance from the action.

source: Alternative.me

what is the Fear & Greed Index?

The Index aims to get the General investors ' mood map. For this it uses the following parameter:

volatility: The price volatility in the Bitcoin rate is set with the average values of the past into the relationship.Market Momentum/Volume: the analysts have to deal with the Bitcoin trading volume. This put in relation with past values.Social Media: The mood on social channels. How is talking about BTC?Polls: polls Also play a role in the Index – the analysts ask Hodler and traders.Dominance: The dominance of the largest Cryptocurrency according to market capitalization should be a further factor in what mood the market is currently.Google Trends: finally, the queries and changes to topics such as Bitcoin play-rate, BTC, etc., a role for the Fear & Greed Index in the BTC Ecosystem.The price of Bitcoin and the Fear & Greed Index

Currently, the Index is as deep as last at the end of November 2018. At this time, the price of Bitcoin at just US $ 4,000, and provided the opportunity to, in retrospect, the optimal purchase. In the aftermath of the rate of the largest crypto-currency rose to a market capitalization up to June 2019 at just under US $ 13,000. At the same time, the Fear & Greed Index was at 95 – a clear sell signal.

you Take this sentiment analysis so as an indicator, it offers the best buying opportunity. Similar advised recently Goldman Sachs-analyst Sheba Jafari. Jafaris buy recommendation is based on its Elliott wave Interpretation.

Disclaimer: this information is not a recommendation to buy. They represent only the view of the analysts.

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