✴️ THE FEAR AND GREED CRYPTO INDEX! WHERE ARE WE AT NOW? 😳
Hey STACKERS!
It's been a while since I took a look at the "Fear and Greed" Index. I just wanted to see where we are currently at in the crypto markets.
What is the "Fear and Greed Index?"
It's a website that analyze emotions and sentiments from many different sources to crunch into a simple number.
In other words, it's a rough estimate how people are feeling about cryptos at this very moment.
Check out the current charts below:
Too my surprise, we are at levels that we haven't seen since May 2018! The current "GREED Index is at 65!" 😳
Every time we see the Greed Level above 55+, we usually see a nice correction to the downside. Does this mean that this will happen, absolutely not... we can still go up from here.
So Charles, are you Bullish or Bearish?
Well, I'm currently in between both of them. We are still in a bearish market and the only time I will become truly bullish is when Bitcoin can close over $6,000+ (a huge resistance level).
In my opinion, I don't think Bitcoin has hit the bottom yet. I can see this happening in a few months but what do I know?
I'm just a crypto lover just like you guys! 🤷♂️ 😂
My best opinion is just to dollar cost average your favorite tokens every week. By doing this method, you don't have to be "emotional" in your buying habits. 😎
If you're interested in checking out the "Crypto and Fear Index"... You can visit the website here for more info.
So are you guys Bullish or Bearish? Hit the comments below!
Keep On STACKIN! 💞
~ Charles Fuchs
For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
I don’t think the bottom is in, 2300 is where I’m at. This run to 4K lost momentum real quick.
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We may go to $5k soon but if it don’t, no biggie. It’s the year of accumulation 😀
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Very true. I’m just over here “stackin” ;)
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Magic Dice has rewarded your post with a 80% upvote. Thanks for playing Magic Dice.
Stack away!!!
2019 is the year of stackin 😬
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Bullish long term for sure. Bearish near term. Gonna share this for my fb friends who are into crypto. Would love to stack up enough Steem to become a dophin while prices are where they are at. What a fun metric! This fear and greed towards crypto. The next upswing is gunna be awesome!
So many people are 50/50... well know what will happen in the next few months 😬
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dollar cost averaging??? surely it can’t be that simple! lol
great post man. yeah i’m always bullish for the long run but thinking i enjoy these cheap prices so i can keep stackin ;)
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I know right? Keeping it simple is always the best way to do things! 💪🏼🙌🏼💯
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I'm bearullish :)
I’m stealing this word 😅
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That fear to greed went crazy fast lol im not so sure I trust that index :P there are just to many outside factors. Fidelity introduction to crypto, s10 crypto, lightning network and network usage on the rise. There are far more positives then any negatives at the moment.
Good point, my friend. There are countless positive fundamental developments that go far beyond any price action, but people often only look at prices as measured in fiat currency.
Look at the low shorts right now 😬
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Dude my greed certainly went up and I was drop kicking myself in the nuts for not converting my liquid STEEM to EOS like I said I was going to do. And I'm already pretty heavy on EOS..... I calculated that I missed out on about $500 . But I realized I was being extra greedy. My liquid STEEM was sitting there looking like the kid who didn't get picked to play dodgeball at recess. It was sad.
Dude your funny lol... remember no emotions and go with your gut 😂
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Well with most cryptos I don't have emotion but with STEEM I just want to punch some fools in the face. Not going to lie
How can you, most of the are hidden avatars 😂😂
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Just think if a young Steemian thought Bernie Sanders was the real Bernie sanders and got aggressive at a rally. LOL
Fully agreed. My guess is we will see the btc bottom at around 1800-2200 Dollars.
Resteemed :-)
A lot of people been saying that number also... a lot of buyers between $1800-$2600 😀
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Same opinion here @stackin, people are still waiting for a bull market, way to bullish imo, market makers can still dump on them and get their money, I think we are only halfway to the bottom, and we should still see 2k prices (maybe wicks to 1.8k) but I'm not dollar cost averaging, I'm waiting for a trendline breakout and confirmation of the trendline before investing, which should happen around august if we don't drop... also watching some ma like the 20ma weekly that made us drop the last time in 2014
Would love to see a low of $2000 bitcoin 🙌🏼🙌🏼😅
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Longterm I am bullish. I have my small portfolio which I HOLD and just add Icon more and more. Every month a bit. I am convinced it is a good buy opportunity and that this ecosystem will do something great in SK. I still wish I would have been earlier into crypto, but however... I wont give up until I reached my goals.
Keep on stackin 🤣
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