BITCOIN: Using the Fear & Greed Index to Time the Market
BITCOIN: Using the Fear & Greed Index to Time the Market
The Crypto Fear & Greed Index has been a contrarian indicator for timing Bitcoin's moves. As the chart shows:
"Greed" has preceded pullbacks (red arrows).
"Fear" has preceded bounces (green arrows).
Following this pattern, the index dipped into "Fear" levels during last week's pullback. This suggests the odds now favor a bullish leg higher rather than a deeper correction.
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