Crypto Fear & Greed Index can tell you when to buy BTC for COINBASE:BTCUSD by Samoto

Why Measure Fear and Greed?

Crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in the irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.

Therefore, alternative.me analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means “Extreme Fear”, while 100 means “Extreme Greed”.

You can find the indicator in TradingView and it is quite amazing what it shows.
In a bull market, it actually shows you great buy opportunities for buying the dips or playing the swings!

Hope you will enjoy it!

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