𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 So I was trying to see if we were still following the pattern of the last dip based on the fear and greed index as we are back to Neutral. And I found that the neutral 51 point today would be pretty much the point we hit on our way to recovery on Aug 6 of 2021. Now I did not check the prices, just following the recovery trend. So far we are still following the same recovery trend and we would be on the brink of an increase in greed...already starting this week and taking us up to 70 on the Fear & Greed scale. Would that mean that the prices will rise? Unfortunately not as much as the index points, if we would look at the chart for Aug 6 we would notice that BTC is at the same level as today around that 43K and moving up to 53K over the next 6 weeks. That 53K would be followed by a huge rejection lasting 2 weeks and only then BTC really started its road to recovery. #Crypto #BTC #trend
1 comment
very good and useful information friend, it is a great analysis in this regard, let's wait to see how the move turns out.