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Topic: Fear/Greed indicator at low - bottom in? (Read 233 times)

legendary
Activity: 2044
Merit: 1018
June 28, 2021, 06:18:24 AM
#32
Fear/ Greed indicator indicates that you are in a good time to buy cryptocurrency. Short term, you can get profit. Long term, sure you will get profit.

It is not my financial advice. Do your investment with your awareness about risk and don't accept all risk because you want to be rich. In crypto market, you can get rich very quick but if you can not manage your investment, you will lose it as quick as how you get.

Bitcoin temporarily finds its temp bottom and you already witness how it bounces in the recent 24 hours.
sr. member
Activity: 1862
Merit: 259
no need to expect any signal, the right time for me to buy is when everyone is scared and sells their assets. do not hesitate to buy if the price drops more than 20% per day because a few days later there will be a significant increase.
hero member
Activity: 2660
Merit: 509
Leading Crypto Sports Betting & Casino Platform
the indicater seems gradually increasing to a more positive light, seems the market isn't clouded with fear anymore but some dips still happening, it could
be a good sign of the market recovering back but many people actually speculated it to be sideways for a long time.

Thats all crypto enthusiast expecting, we need a good positive signal or news to make another bull run this year, the last bull run isnt big enough.
A good news will certainly make a difference but it can also be just a temporary mover within a day. The market is in the normal state and such corrections do often happen. It will eventually rise, no matter how low it can show.

News affects the entire market, if there's good news that really create big impact for sure bull will be more bigger and will last longer,
it's always this way,

There's a certain chance that after this correction and with good momentum from the market the price will pump more higher than the
last time high.

Yeah agree, now Bitcoin have lower hashrate because many rig farm are shutdown and planned to move, after they start it again, it could be many big news to start the momentum.
AFAIK lower hashrate doesn't mean its bad for bitcoin or its market, it's just hashrate is decreasing and thats it, bitcoin mining is already as competitive as it can be and right now I think
is most suitable for bitcoin. Miners could make profit more than usually and that's enough I think.
legendary
Activity: 2982
Merit: 1485
Rollbit.com Crypto Futures
It's 22 now, 20 yesterday, saw max at 38 on 15 June. Remember that it reflects after something happen, not that it shows what will happen so I take this index with a pinch of salt. If BTC goes up %15 in last 24 hours then we see this index to go up faster. Then we can see 35 as your expectation as well but I don't see it as new bullish trend sign alone. I also check this index every day but I don't let it affect my trading positions much.
hero member
Activity: 2884
Merit: 620
Thats all crypto enthusiast expecting, we need a good positive signal or news to make another bull run this year, the last bull run isnt big enough.
A good news will certainly make a difference but it can also be just a temporary mover within a day. The market is in the normal state and such corrections do often happen. It will eventually rise, no matter how low it can show.

News affects the entire market, if there's good news that really create big impact for sure bull will be more bigger and will last longer,
it's always this way,

There's a certain chance that after this correction and with good momentum from the market the price will pump more higher than the
last time high.
I'm also putting my hope with this correction that it's going to bring a better momentum than the last bull run. We're having the same belief that it will push through a higher ATH by the end of the year.

But whether it will or will not, we've seen how quick bitcoin goes in recovery whenever there's a correction and how quick it is to pump after all of the corrections that it has been through.
sr. member
Activity: 1036
Merit: 286
https://alternative.me/crypto/


Go down the page to the chart and click on "max".  You will see that the current reading of 10 is about as low as it can go.


I would say from looking at the chart; a reading above 35 is a buy signal.

The current dip might last longer than we are predicting or speculating and if you thing 35 is somehow low already, be ready for the regret you may feel as it goes lower. The dip will more likely keep on going and the current dip we are experiencing might be nothing compared to the dips that are about to happen. Considering the crisis with China right now wherein crypto services are being banned or getting restricted, it can already be an indicator that the worst is yet to come. If ever that continues, it will surely make a huge impact on crypto's price so be mindful on what's happening in your surrounding always to know the best course of action.
full member
Activity: 2002
Merit: 175
★Bitvest.io★ Play Plinko or Invest!
IMO the bottom is in... Reminds me of the 2013 Bull Run
What is with 2013 compared to 2017 bullrun mate?

i think all bullrun ends up bearish market and this is what we are looking here.

It didn't see above 30 for weeks, so it's clearly we don't see trend reversal yet. Hopefully next days we will see it as market try to hold above 30k Bitcoin and even though alts damaged they were not dipped. This bull trend can go on in next few months until big crash happens.
it may come any moment mate.
legendary
Activity: 2520
Merit: 1510
It didn't see above 30 for weeks, so it's clearly we don't see trend reversal yet. Hopefully next days we will see it as market try to hold above 30k Bitcoin and even though alts damaged they were not dipped. This bull trend can go on in next few months until big crash happens.
copper member
Activity: 177
Merit: 2
IMO the bottom is in... Reminds me of the 2013 Bull Run
member
Activity: 155
Merit: 13
Thats all crypto enthusiast expecting, we need a good positive signal or news to make another bull run this year, the last bull run isnt big enough.
A good news will certainly make a difference but it can also be just a temporary mover within a day. The market is in the normal state and such corrections do often happen. It will eventually rise, no matter how low it can show.

News affects the entire market, if there's good news that really create big impact for sure bull will be more bigger and will last longer,
it's always this way,

There's a certain chance that after this correction and with good momentum from the market the price will pump more higher than the
last time high.

Yeah agree, now Bitcoin have lower hashrate because many rig farm are shutdown and planned to move, after they start it again, it could be many big news to start the momentum.
hero member
Activity: 2884
Merit: 620
The bottoms in.... let all the bums speculate but it's going to at least 100K Q4
Hoping for that and that's what we're all looking forward.

Thats all crypto enthusiast expecting, we need a good positive signal or news to make another bull run this year, the last bull run isnt big enough.
A good news will certainly make a difference but it can also be just a temporary mover within a day. The market is in the normal state and such corrections do often happen. It will eventually rise, no matter how low it can show.
copper member
Activity: 177
Merit: 2
The bottoms in.... let all the bums speculate but it's going to at least 100K Q4
sr. member
Activity: 1484
Merit: 253
https://alternative.me/crypto/


Go down the page to the chart and click on "max".  You will see that the current reading of 10 is about as low as it can go.


I would say from looking at the chart; a reading above 35 is a buy signal.


Now is the good time to buy while an opportunity comes when price decline. Our hope is in every dip of btc price, so don't let chances be gone, because this will give us an assurance to gain as soon market survives. Recently we're at below 35, then another entry level is surely a good start for those who haven't yet hold btc before last bullrun reached at $60k.
member
Activity: 155
Merit: 13

If you take a look especially at previous price years; 2018 and 2020. You will see very similar actions of the fear/greed index. It is like acting support, around a value of 10-20, very strong support started since the year 2018.
If ever this is still not the bottom of the fear/greed index, I am still expecting a very long sideways for more months on Bitcoin these coming months.

I was thinking the same things, actually this fear index doesn't seem to be getting better in a short time. When I looked at the chart you shared, everything became clearer in my mind.
My expectation is that there will be positive signals again in September and October, and we will make a definite return to the market and bull.

Thats all crypto enthusiast expecting, we need a good positive signal or news to make another bull run this year, the last bull run isnt big enough.
hero member
Activity: 2002
Merit: 670
Seabet.io | Crypto-Casino

If you take a look especially at previous price years; 2018 and 2020. You will see very similar actions of the fear/greed index. It is like acting support, around a value of 10-20, very strong support started since the year 2018.
If ever this is still not the bottom of the fear/greed index, I am still expecting a very long sideways for more months on Bitcoin these coming months.

I was thinking the same things, actually this fear index doesn't seem to be getting better in a short time. When I looked at the chart you shared, everything became clearer in my mind.
My expectation is that there will be positive signals again in September and October, and we will make a definite return to the market and bull.
hero member
Activity: 2884
Merit: 620
buy and leave for future guarantees.
it's that simple for bitcoin, and pause to glance at the current altcoin price.
Yes. Very simple and this is applicable for people like me who's just a holder and waiting for it to the right time of selling it.

You'll see that there's so much FOMO that has happened when bitcoin had reached the ATH and people keep buying. And it should be this time that they do the same if ever they made a mistake on that particular ATH.

But they seem to be disappointed.

when this kind of situation has happened, we can only watch and watch as investors and institutions hunt for cheap prices from the sharp declines of the past few years.
it is undeniable, in fact we admit that as small traders, we cannot act freely. we don't have enough capital. and does the institution take advantage of this opportunity? obviously they came and held it for collateral in the future.
We can act freely whether the whales are playing or institutions are on it. You only have to make your positions firm when you trade and when you think that the bottom is already in.

If that is so then you have to take decision of buying in if they're also buying in or you don't have to wait for them to validate that the bottom is in if you're aware of it and you know that it's already in.
hero member
Activity: 2002
Merit: 578

If you take a look especially at previous price years; 2018 and 2020. You will see very similar actions of the fear/greed index. It is like acting support, around a value of 10-20, very strong support started since the year 2018.
If ever this is still not the bottom of the fear/greed index, I am still expecting a very long sideways for more months on Bitcoin these coming months.
This is exciting to watch, looks like we may see squeeze here and 2021 ending might be exciting. Sideways until September will still be valid until we see new ATH or see that 6 figure value per Bitcoin.
legendary
Activity: 2282
Merit: 1344
Buy/Sell crypto at BestChange

If you take a look especially at previous price years; 2018 and 2020. You will see very similar actions of the fear/greed index. It is like acting support, around a value of 10-20, very strong support started since the year 2018.
If ever this is still not the bottom of the fear/greed index, I am still expecting a very long sideways for more months on Bitcoin these coming months.
member
Activity: 1355
Merit: 67
Sure we could buy these dips and see how it goes.  But be warned, it could all just be a dead cat bounce.  Go do the trade but be ready to let go a soon as the prices go south..  You wouldn’t want to be the last guy holding the bag.  Lol.

when you buy you need diamon hands. We know that this is not for paper hands.
legendary
Activity: 2968
Merit: 1095
Leading Crypto Sports Betting & Casino Platform
I do not see this indicator to be something very reliable, in my opinion it was expected that the price would not fall below $28000. there are big supports on the $30,000 and $28000 and people should only panic if and if they only see the price drop below $28000 because if the bitcoin price drops below $28000 then we will see the $20,000 price back. for now there is no reason to be afraid

when this kind of situation has happened, we can only watch and watch as investors and institutions hunt for cheap prices from the sharp declines of the past few years.

in the past the price rose from $1000 to $20,000 and then dropped from $20,000 to $3000, it is natural that people get scared and think that the same scenario of the past can be repeated.
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