Fear & Greed Index - Crypto site You should know

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Inspired by @cryptomoondust article: https://read.cash/@cryptomoondust/what-crypto-sites-are-you-using-763ac973 I decided to write a article about one of the interesting crypto sites.

If You are in a crypto for some time You already know that crypto market behaviour is usually very emotional. Most people starting be greedy when the market is rising (become green) which results in FOMO (Fear of missing out occasion). For other side people often sell their crypto in irrational reaction of seeing that price is falling down (and indexes are red).

So guys from Fear and Greed Index create a site that show you what is a current sentiment on market to try save you from your own emotional overreactions.

You Can find that index on: https://alternative.me/crypto/fear-and-greed-index/

Index value is between 0 and 100 (0 means that fear on market is extremal and 100 that sentiment is totally greedy). More details about how that index is calculating You Can find on their website.

Crypto Fear & Greed Index Over Time is also very important and useful option. You Can try to find a correlation between market reactions and Fear and Greed Index. 

In my opinion that index is very useful and worth to take for consideration when making a buy/sell decisions.

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Comments

I like trading in cryptocurrency even it is very volitile sometimes. But im still having a profit

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