What is Reddit's opinion of
alternative.me?
From 3.5 billion Reddit comments
100 reviews of this app found across Reddit:
For the uninformed:
https://alternative.me/crypto/fear-and-greed-index/?utm_source=share&utm_medium=ios_app
This is the only TA I you should use. Sentiment analysis.
Uses Volatility, Social Media, Market Dominance, and Surveys to drive the metric of sentiment.
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreations. There are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, that means the market is due for a correction.
The 'Fear and greed index' was talked about a lot during the bear period in 2018 and 2019 and the general idea was tops signalled by greed and bottoms by fear. There was no precedence then of how the index might work in a bull period.
Now we have some idea - that it is basically useless in a bull market for spotting tops. The signal has been on 'Extreme greed' since beginning of November - a period in which we have seen a price tripling.
A quick reminder to buy or at least HODL when others are fearful.
We're in an "extreme fear" phase. This is when fortunes saree made or lost. Keep the faith and just focus on six months time.
When the markets are in the every news source every day, and your mom is asking you if she should buy gamestop and bitcoin, it is usually time to sell.
Market Cap to GDP - The Buffett Indicator - Updated Historical Chart | Longtermtrends
Crypto Fear & Greed Index - Bitcoin Sentiment - Alternative
Well, the Fear and Greed index these days is jumping between 14 - 35.
Back in March, it was around 79
And the higher the index the more people invest in crypto
The fear and greed index pulls data from a number of sources that analyzes market sentiment beyond just price action.
Investing is emotional for A LOT of people, so understanding and being able to quantify that emotion is invaluable.
For more information check The Fear and Greed Index Page where it goes into more detail about this.
Fear Index: 9
https://alternative.me/crypto/fear-and-greed-index/
The lowest it’s been was 8 back in Feb.
I expect some form of bounce in the next 24 hours (not just due to the FI). However the real question is what will happen afterwards: sideways/stability or back to downward movement.
I disagree. I think big news would be wasted right now. When sentiment is neutral and people are deciding what to do would be ideal, rather than now, while people are desperately trying to protect their investment.
✔️ SHORTS/LONGS ratio over 1.
✔️ BTC sentiment below 18 (https://alternative.me/crypto/fear-and-greed-index/).
❌ daily RSI below 30.
looks like we are near the bottom but not there yet. Personally I'd wait until ETH bounces before longing BTC.
Also it's amazing to see how well BTC is holding versus the altcoins. Yes, BTC price is low, but it didn't capitulate unlike most altcoins.
Bitcoin price is crashing down, down, down.
The Fear and Greed index is doing things I have never seen before (not following it's normal pattern for PUMP N DUMP, it is now all fear and DUMP. https://alternative.me/crypto/
But, the *REALLY* funny part is that the market cap for Tether an*d I[D]IO*TA are now less than $19,000 US apart.
Tether is about to become a TOP 10 cryptocurrency. I am LMFAO already !!!
Ohhh, and, and the even funnier part is that people are converting their Bitcoin into Tether because they think it is a "safe harbor" while the price is crashing.
Get the popcorn ready guys and gals, I think lots of comedy GODL is to come.
The fear and greed index is at 27, this is the lowest I've seen it so I'm going to do what I've never done before and double down on my DCA amount this month
Index
Fear & Greed index going back up again, sentiment on Reddit, Twitter, YouTube etc turning super bullish, even BTC-to-1k people like Tone Vays are slowly shifting their tone (heh). Im skeptical but then again I really don't know what to make of the market, thought the Bitfinex news would have a bigger impact.
When people post dumb fearful stuff, it’s a green indicator for the smart people to buy. If you’re not buying when everyone’s scared, you’re buying completely wrong. Maybe that’s why you’re scared to look at your portfolio because you got in at all time high.
Use this to buy.
https://alternative.me/crypto/fear-and-greed-index/
If it’s fearful buy in.
If it’s greed sell.
Crypto fear vs. greed went from 56 to 49 to 28 in three days.
https://alternative.me/crypto/fear-and-greed-index/
Pretty sure this is the steepest decline in sentiment I’ve seen all year. We still have some room to go down (we were at 13 on Oct 2nd), but I’ve found it typically takes a day or two for the indicator to adjust. I wouldn’t be surprised to see us back in the teens within the next day or two, even if we remain sideways here.
The influence of short sellers is overestimated.
The market is mainly driven by sentiment. Currently people are fearful, this is why the good news don't have the usual impact. But sentiment is already getting more optimistic.
This is pretty accurate, the reason behind this is that hedgefunds and professional traders usually only trade from Mon - Fri, so the volume on the weekends is usually much lower and this allows the market to be very easy manipulated on weekends. The direction the market usually takes on weekends is the same as the overall bitcoin sentiment, right now the sentiment is more bearish (fearfull, data from the crypto fear and greed index) which mostly results in the market going down.
Crypto Fear & Greed Index Right Now at 76 (EXTREME GREED)
https://alternative.me/crypto/fear-and-greed-index/
Last week: FEAR 44/100
Yesterday: GREED 58/100
NOW: EXTREME GREED 76/100
Just be cautious, last time it was a fierce correction (for BTC)... I guess we'll see tomorrow...
remember a few months back when we were talking about the fear greed index and people were talking about how we didn't have that indicator during the last bull market and looking forward to seeing what it would look like in one?
well we are in one, so take a look at it now. apparently there is an "extreme greed" status hah
RSIs look they're bout ready to flip. Crypto fear index at one of the ATLs with a value of 9. Capitulation like formation at 4am last night.
I think we might be ready to go.
Last week, we were at 74 greed on the Crypto Fear & Greed Index. Now, we are hitting as low as 46 just from that little dip a couple days ago. It's crazy how the sentiment can drop so quickly, but is quite slow to rebound. What are your estimates for seeing greed above 90? EOY?
I use these three in combination:
BTC rainbow chart https://www.blockchaincenter.net/bitcoin-rainbow-chart/
BTC stock to flow https://www.bybt.com/pro/i/S2F
Fear and Greed index https://alternative.me/crypto/?daily_hash=5db6764c43cf8d30be17dc7c6a2e8618f7884fb9
https://alternative.me/crypto/fear-and-greed-index/
Most of us dip buyers could be wrong, but you gotta buy when there is blood in the streets, even if it's your own.
Chasing trends is how you lose money, most people sold all their crypto in 2018 as that was the trend. Look how that turned out.
Not really bearish, and not really 'crashing'. Fear and greed index still greedy. But things had been on a crazy tear for a couple of months. It would have been much weirder if there wasn't a correction. Markets don't just go up without taking some breaks and resets along the way. That being said, yes, it's entirely possible that this is the start of what will, in hindsight, turn out to be a bear market (to be clear: not saying that's the case), but if it is, it's early days yet. *IF* it's the start of a true bear market, I assure you, this is nothing so far, and if you really do plan to hodl, you'd be well served to tune everything out and focus on other things while stuff hits the fan.
12 - 11.5 probably, I use the Greed Fear Index to decide when to DCA buy and sell
https://alternative.me/crypto/fear-and-greed-index/
Basically anything over the 60 index for maybe a week is indicative to me that I should be gearing up to sell out of where I'm at.
Me personally I don't think we will see a parabolic bull move this winter because of coronavirus's continued effect on the economy. Maybe next year or year after I would be buying up through the summer.
Still DCA'ing anyways.
https://alternative.me/crypto/fear-and-greed-index/
Index just updated for today, yesterday was "extreme fear" level at a low of 9 (all time low is 8 though this thing has only been running since February). Today is improved at 17 but still in extreme fear territory. Someone posted this the other day and I was interested in watching it, gotta be better than judging market sentiment based on reddit posts at the very least.
Why limit yourself to one news outlet? Use an aggregate sentiment AI.
I suggest small buys under 30, equal small sells over 70, rinse repeat, YMMV.
> Anyone have a good sentiment monitor/tracker?
Here's two that I like. They're imperfect obviously, but something interesting to glance at from time to time:
I don't know about the optimism. I check crypto fear & greed index (https://alternative.me/crypto/fear-and-greed-index/) daily and it seems to correspond with the swings quite well. The sentiment is downright depressed right now.
THIS ONE goes back to Feb 2018, I haven't found any going further back tho. I'm pretty sure a crash was just another extreme greed to extreme fear fall, it just affected the price that much more. Maybe we went back higher in the fear and greed index as the price stabilised and then fell again with the price but as said I didn't find any going further back.
Watch the fear and greed index. When it shows fear….buy.
DCA in, DCA out. Every Tuesday, I look at https://alternative.me/crypto/fear-and-greed-index/. When we're in "fear" territory, I take the opportunity to do my weekly DCA purchases. When we're in "greed" territory, I sell that week instead of buy.
https://alternative.me/crypto/?daily_hash=e0b357609c412afbffa11e7582b1b57f13232fc3 (fear/greed index)
Remember the rules of trading;
1) Be greedy when others are fearful
2) Be horny when others are greedy
Alternatively the market is mainly driven by sentiment and that is currently fearful. Institutions already accumulated large amounts of BTC, it would be in their interest if the market went up.
Look at the whole crypto market. Is dipping really hard right now. It's not OMI alone. A lot of fear in the market, which you can see here .
A lot of recent buyers are selling at a loss. You can see that from some charts from glassnode.com.
Really, I don't know when this will recover. I do believe, it will recover, no doubt about that. Crypto is here to last and has endured a lot more since it's beginning.
Patience is the key.
Market greed is down for the first time in the last 2-3 months, good consolidation phase to pick up most coins (BTC down 20% down from ATH, DOT 25%, LINK 15%, ATOM 20%)
I know the weekly looks ready to cross down, but other indicators seem to suggest we're already at the bottom of the drawdown. Buy when others are fearful!
Fear and Greed Index is Fearful
https://alternative.me/crypto/fear-and-greed-index/ is bottomed out.
BCH fork drama seems resolved.
Usual end of the year rise time is here.
Might be good to get in the market in case this is the bottom, but set your stop loss orders; don't get dumped on if this shit falls again.
What's interesting is that we are trending higher and higher since October 12 on the fear and greed chart.
You could see it as a shift to a positive sentiment, or a sell signal because people start to become "greedy" again.
Nevertheless, it's interesting to see that according to this metric we are ranging higher than end of July 2018 and going towards numbers of May 2018
the $100 premium on March futures at $6300 is just depressingly bearish...
not to mention the devastatingly low sentiment as measured by alternative.me. Highest sentiment since $8k+...
sickening how pessimistic the market is right now
Be patience... no company in the world is able to build a complete technology and a team in such a short time. We will see result in one or 2 years. Bosch and other companies are pushing their developments very hard... IOTA is to big to fail with these investors. In the worst scenario they will take it over because the invested to much. It is absolutly normal managers are fighting. We have still a big win since last year without any big and finalized developments.
BTW: See here like the overall feeling is: https://alternative.me/crypto/fear-and-greed-index/
Don’t forget to read a very simple, but fairly accurate model the bitcoin fear and greed index.
With it, don’t forget the old yet sage advice
“Buy when others are fearful, sell when others are greedy”
Fear and Greed Index is at 28, still marching along solidly in "Fear".
Good time to buy, keep that DCA going.
Use it. How many people have you showed how crypto works? Have you accepted doge for payment? Paid anyone with it? Tipped? Thats how you get it to go up.
If you dont want to do that then:
Historically, when BTC really climbs again (not these weak ups and downs), people come rushing to crypto and the alts take off. We are not there right now.
https://www.blockchaincenter.net/altcoin-season-index/
Bitcoin sentiment is neutral right now https://alternative.me/crypto/fear-and-greed-index/ and just 2 weeks ago it was at extreme fear.
So your choice: Do something to help you investment, or have patience. Or both.
Always buy the dip, sometimes sell the tops. Mostly hold. This is always a good guide to use. The further in the red you get, that's a buy signal. The further in the green, sell. Never buy the top/hype and sell the crash.
If this Bitcoin bioch dips to $25k in the next few days, there's your entry point to whichever crypto you want and ride the wave up.
It analyses general market sentiment. When it's in greed mode, we're most likely due for a correction. When its in fear we're more likely to go back up.
https://alternative.me/crypto/?daily_hash=2ec3012c9a06559bacca003ef909d9f8e9129193
I'm not trading on it as I'm a shitty trader but it is quite accurate
That's investing on emotion, we've all been there and will probably be there again if we aren't mindful.
The Fear and Greed dichotomy. When the price rises a lot the greed kicks in, when the price falls the fear happens.
How are we feeling AMPians? FG index going to extreme fear - https://alternative.me/crypto/fear-and-greed-index/
Just loaded up some more, running out of fiat.
https://alternative.me/crypto/?daily_hash=2a07288ae87960f5f261046a1d1b880e79d8150a
Fear and greed index, If you look at the chart over a year it's quite interesting how it rides with lows/highs. If market sentiment leans heavy to greed it tends to help mark a top/parabolic rise and either correction or possible top.
I would never suggest to invest in anything near the all time high. Of course there are exceptions like the MSCI WORLD before the corona crisis etc. But always keep in mind Bitcoin went from $18k to $3k in 2018. The lowest Bitcoin price last year was around $3k aswell.
I always invest when there is fear and not greed in the market. (Check out: https://alternative.me/crypto/fear-and-greed-index/)
I said it earlier and I'll say it again: the Fear & Greed Index for Bitcoin is at a 78 (Extreme Greed) level. This is not meant as FUD, but it makes sense at this point that Bitcoin will have a correction/dip soon.
Still, afterwards I honestly believe it can get up to $80k by EOY. So I completely agree with you.
https://alternative.me/crypto/?daily_hash=384996f57cd0748e16f5e2b85dfb1806bf38f812 check that web, it's amazing because it will tell you where in the greed/fear momentum the market is.
Bob is telling that you should wait for the meter to hit 40, the market is over 70 now.
What is this panic selling you are talking about? Lol
Seriously though, I love when the market dips. I’m like a kid in toy store discounts abound, more buying and more aggressive DCA-ing…
I like to use Fear and Greed Index to size my weekly DCA-ing… When below 30, I double my DCA amount, when below 20, quadruple it, between 30 and 70, I keep at my usual size, above 70, only half and when above 80, a quarter, or I skip it entirely.
I love it because it keeps it all super simple and I don’t need to overthink it too much;)
Here’s what I do. Not financial advice…
I buy and hodl Bitcoin. Period. Never sell.
I trade Bitcoin related stocks like MSTR, HUT, GBTC, MARA, etc. Sometimes I time it right and make a killing, sometimes not so much. Overall if you watch a few Bitcoin related stocks you can see patterns in the trading. There’s a lot of FOMO.
Match this up with buying when people are scared, and selling when they are greedy…seems to work.
It tracks the general sentiment for bitcoin. It can give an idea about how people think about bitcoin om that day. You can see it here if you want: greed and fear index
It goes from 1-100
https://alternative.me/crypto/fear-and-greed-index/
We're dipping fast into fear, anything can happen in the upcoming days, but if you're new to crypto, make sure you're wearing your brown pants just incase.
I like to follow up on smaller projects I hear about here.
Also the crypto fear and Greed index is something I use to put a number value on current market sentiment. I usually buy when it's under 20.
The Greed/fear index is always a good tool to zoom out. If people are being greedy it might be time to get ready for the imminent correction.
Agree! I'd add these as well
The 21-day Moving Average Points to Bullishness
Data from the Fear and Greed Index highlights that the market has shifted to “greed,” 11 weeks on from the sentiment’s dip into “extreme fear.”
I'm new to crypto but my current strategy is DCA based on the fear/greed index.
Buy X amount of Y cryptos whenever the fear index is <=15.
Sell X amount of Y cryptos whenever the greed index is >=91.
I'm not knowledgeable/confident enough in myself so I'm moving that responsibility on the index which is outside my control. Obviously the index is still subjective as it is human created but at least it has a solid track record which you can check using this DCA fear/greed index tool. My opinion is that for the vast majority of people, DCA is the best choice, yet, I've done some testing and it seems to me that (at least in the last 2 years that the tool works) this modified DCA based on fear yields better results.
Keep in mind that this strategy requires more patience and long-term planning than simple DCA. You might go a full year where you buy nothing and then buy almost daily for a month. So you've got to be prepared to quickly splash the money you would slowly spend in simple DCA. This is crucial and necessary so as to determine "Buy X amount".
Regarding "Y cryptos" so which cryptos to buy, my strategy is inspired by this post which practically argues splitting it evenly between the top 5-10 cryptos (excluding stable coins) with peak yielding being top 7. Personally, I've invested in BTC-ETH-BNB-ADA-DOT-LINK-VET. I'm also taking into account that when heading towards a bear market, you want to own only BTC and maybe ETH, whilst when heading towards a bull market, use alt coins. Currently, I'm trying to transition to 60% BTC 40% ETH.
I have yet to test the DCA out strategy as the index has not been high enough recently but this is my plan.
Yes.
The market is driven by sentiment, news, retail and institutional investors, algorithms, day traders, whales, short sellers, leverage traders and more.
The biggest factor is sentiment. You could see that all the good news pouring in recently couldn't move the market up. But sentiment is slowly shifting.
Sentiment here isn't the best indicator.
https://alternative.me/crypto/fear-and-greed-index/
Fear and greed index, which leverages Twitter sentiment, is still fearful.
The extent of manipulation is totally exaggerated by our community. This feeds the overall fear we are currently witnessing.
The market is driven by sentiment, news, retail and institutional investors, algorithms, whales, day traders, short sellers, leverage traders and more.
Looks like the sentiment is slowly getting less fearful.
You are off. We are at the same levels of fear like during the last crash early 2020.
https://alternative.me/crypto/fear-and-greed-index/
But it's only a matter of time until the market turns.
I cant wait for the 5680000000 "I shouldve bought X at Y" posts coming in a few days.
Youve had 4 days now to DCA and accumulate at GREAT prices.
Fear/Greed Index is now at ATH FEAR. Buy some shit goddamnit. Every indicator in the entire history of the universe is telling you to buy right now.
https://alternative.me/crypto/fear-and-greed-index/
Can gauge overall market sentiment. As for individual coins, there are many aspects to technical analysis - and many metrics:
https://www.finder.com/crypto-market-technical-analysis
Relative-strength index (RSI) is often utilised. Values of >0.7 often indicate a coin is overbought and values of <0.3 indicate the coin is oversold.
However, no single metric is fool-proof (many crypto coins will remain at >0.7 RSI during a bull-market for example) and the crypto markets are particularly irrational/unpredictable.
Reminder: the biggest blast-offs always happen when the chart looks absolutely dire, and people are giving up hope. Crypto fear and greed index is well into Fear territory at the moment.
Always check out the Fear and Greed index here: https://alternative.me/crypto/
Planning your exit can also mean HODL for 10~20~30 years so keep that in mind, if you are x years away from potential early retirement, which means you won't need to worry about an exit plan this market cycle and can chill
Yeah, for sure. There's no question that speculation, FOMO, and greed are driving things (though the Fear & Greed Index hasn't been too crazy--it spiked into 'extreme' territory with today's pump, maybe temporarily, but it's been staying at bullish-but-not-insane levels over the past while).
It's always a double-edged sword when you set a lofty target that you don't think will be met for a while, and then bam, it gets met way sooner than expected, and you have to reevaluate what you think of it all.
At this moment, I will have to agree with you, greed is so hot right now. (https://alternative.me/crypto/fear-and-greed-index/).
Plus due to Covid and overall global economy not being in the best shape, there is a higher chance that more desperate individuals will pour in their money to try to gain something, as fear & desperation can also fuel this pump, to what extent I can't say.
The crypto greed and fear index is still in the "Fear" since the huge drop of the beginning of september.
What do you guys think about this? Crashing again? Will rise?
Hi guys, does anybody know how I could get this indicator : (https://alternative.me/crypto/fear-and-greed-index/) into a self-updating picture in Google sheets?
So that I don't have to check into the website daily. I know there are a lot of methods given at the end of the page to actually display the indicator on a website, but none for Google Sheets
The Crypto Fear and Greed Index is Extreme Greed right now.
Usually that means it's time to take some profits and chill out on the sidelines for a bit, and usually that means a selloff is going to happen somewhere...
Can't believe we didn't even score in the single digits on the fear-and-greed-o-meter today. If this is not single digit fear, then what is? Actual Armageddon?
you obviously havent been paying attention to the crypto fear and greed index
it was "extreme fear" yesterday. woooooh (how do you type a ghost sound)
Personally, I think now's not a good time to buy as well.
We're oversold on RSI on the weekly chart, which is the first time in almost a year. Our fear/greed ratio is also extremely on the greedy end: https://alternative.me/crypto/fear-and-greed-index/
The 13 week moving average, which we typically claimed support in the last bull market, is at 5k, so we potentially have a long ways to fall.
I'm of the opinion that waiting it out is a good move. But to each his own.
Absolutely, and this is why I don't usually do this. But look at that parabolic chart over the past week. We usually only get this kind of steep pump at the end phase of a bull market, not right at the beginning.
I know, I am the party pooper now because everyone else is in FOMO mood and happy about all the green. But it can't keeping go up like this forever.
Another indicator: The greed index was 78 yesterday, the highest in a year
Any opinions on this https://alternative.me/crypto/fear-and-greed-index/ ? They describe more or less how they calculate it, but not exactly. So far, looks like buying in the extreme fear pays off and selling at extreme greed pays off too. If now is not extreme greed I dont know what is
J'avais testé sous Linux+Windows du temps où c'était gratuit (donc ça remonte), ça marchait vraiment bien même si pour du gaming la latence rendait le truc inutilisable. Pour de la bureautique pas de problème normalement. Une review plus récente.
Alternatives. Je pense que Sharemouse est le plus prometteur.
I'll be curious to see how the Fear & Greed index measures for today once it's settled in a few days. It's a shame we don't have any data for the 2017 run.
Whilst there is unabashedly an upward trend toward greed, it's interesting to see how far it dumps down on downward movements. The 4th of March (Down from local high of $4.2k, to $3.65k local bottom) and 11th of April (Down from local high of $5.45k, to $4.9k local bottom) saw pretty severe fear increases.
The slower climb in this instance seems to have built a more gradual climb in fear and greed, with a lot more swing days/volatility. Perhaps a stronger sign of disbelief than on previous rally bottoms. Of course, this means nothing truly, as disbelief is only hairs breadth from becoming market reality.
What are you all feeling, fear or greed? (the answer is meant to be nothing; separate emotions from trading you fools)
https://alternative.me/crypto/fear-and-greed-index/
Today's fear rank is 11, yesterday's was 17 because it was recorded around a bounce, day before that was exceptionally low at 9.
Lower numbers indicate higher amount of fear, all three of these numbers are still "extreme fear" territory. The scale is 0-100. If there is another dip I expect us to go below the record low of 8, which perhaps isn't that impressive since this metric has only been going since the beginning of this year.
https://alternative.me/crypto/fear-and-greed-index/
I was surprised to see we made a higher high on the greed index.
Also surprisingly the price already seems to be at the longterm log support line on my charts, how do you guys have it drawn?
https://alternative.me/crypto/fear-and-greed-index/
Crypto Fear & Greed Index
Each day, we analyze emotions and sentiments from different sources and crunch them into one simple number: The Fear & Greed Index for Bitcoin and other large cryptocurrencies.
https://alternative.me/crypto/fear-and-greed-index/
Crypto Fear & Greed index is at 25, Extreme Fear. Fantastic place to buy. Close to the February and April bottoms. It is interesting we are getting higher lows in the fear index with each cycle.
I'm scared that my post gets removed if I put this inside, so here is that:
These are general things I use to check general state of market every day!
https://www.blockchaincenter.net/bitcoin-rainbow-chart/ - Bit Coin rainbow chart
https://alternative.me/crypto/fear-and-greed-index/ - Fear and Greed index
https://www.blockchaincenter.net/altcoin-season-index/ - Alt/Bitcoin season index
I would say every week or month on the same day, but I also prefer to do it when the Fear and Greed Index is on Greed, and Bitcoin is oversold on the daily or weekly timeframe (basically when the RSI is below ~30).
There’s actually an index (Fear/Greed index (https://alternative.me/crypto/?daily_hash=384996f57cd0748e16f5e2b85dfb1806bf38f812)) that tracks sentiment and gives it a score. In general, the greater the greed, the better the time to sell or not buy. The greater the fear, the greater the discount/buying opportunity. For me personally, I believe any Bitcoin under several hundred thousand dollars is a massive bargain, therefore I buy weekly regardless of news or price. But I think your mind is in the right place. When the mainstream media is singing its praises, that is unnerving sometimes.
man when something is pumping 60% already you missed the pump wait until the next round of Chinese FUD or douchebag elon and keep your cash until then.
I read on this sub that if you follow the fear and greed chart https://alternative.me/crypto/fear-and-greed-index/ when its green and really greedy you sell and when there is fear you buy. (so far i havent had the balls to do the sell part so ill just keep some spare cash to DCA when we dip again)
Not financial advice.
Look at the fear & greed index. When it's below a certain level (let's say 30) -- DCA in. When it's above a certain level (let's say 70) -- DCA out.
https://alternative.me/crypto/fear-and-greed-index/
This is the definition of buy the fear and sell the greed.
Obviously it's not full proof, but you can at least use it as a resource to start to guide your thinking.
Basically when people think the markets are going to keep crashing forever is the best time to buy, and likewise when people feel like the market will never go down is the best time to sell.
I'm hoping someone can offer en ELI5 here.
Is there a way to calculate the fear and greed index (https://alternative.me/crypto/fear-and-greed-index/) by buy and sell orders or is it based on news and herd activity?
It's a single swinging scale. From extreme fear one side to extreme greed the other. 72 puts it in greed.
What tool do you help you understand the markets movements (to the extent we can) I use these to help me plan my DCA and mentally prepare for dips.
Then there’s the Reddit mantras which are true:
HODL we should all know that time in the market beets timing the market.
NEVER invest more than you can afford to lose.
Take emotion out of your investing.
Never APE in at an ATH for FOMO.
If you see the suicide prevention hotline pined at the top of this sub it’s a good time to buy (sad but true).
I know these aren’t perfect but they’ve helped me in the past. Fancy sharing your go to datasets/tools/strategies?
Good question, I think they explain it here at the website of the group that came up with it but to be honest I'm not sure I understand it myself. Like the Bitcoin or Ethereum Rainbow Charts, it's interesting but we shouldn't put too much faith into them. Crypto predictions are rarely as straightforward as we'd like them to be.
DCA = dollar cost averaging. simply buy on a weekly/monthly basis without caring about the price. i suggest dcaing only in moments of fear and dcaing out (selling a small percentage every week/month) during periods of greed. you can check the Fear and Greed index for that. I simply deposit a large chunk of money on exchange every once in a while even if it isn't the best practice. And btw i DCA manually because of lower fees.
"time in the market beats timing the market" - Thomas Jefferson
I don't. I use fundamental analysis, doing my own research and understand on a macro level that the entire crypto space is going to 100x from here this decade as it grows based on network effects. I simply buy and hold. Trading in this volatility isn't worth it and is a pain honestly to scrap a few dollars here and there. On a long enough time horizon, profit will be made.
If you wanted to though, I'd reccomend using this to trade I guess:
https://alternative.me/crypto/fear-and-greed-index/
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some indicators can help as a guideline https://alternative.me/crypto/fear-and-greed-index/ https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/ https://www.lookintobitcoin.com/charts/reserve-risk/
I’m starting to use the crypto greed and fear index to DCA during times of fear. Seems like it’s been a solid strategy since the start of the year…
I mostly dumped high $$ during massive dips rather then DCA and has worked for me so far. I also use the fear greed index https://alternative.me/crypto/fear-and-greed-index/ especially when there is fear or extreme fear indexes. During bear trends or markets that is where you position yourself to make the most when bulls resume.
But might now DCA whilst we are back in a bullish trend/market.
There is no big time manipulation how you said. Maybe some attempts here and there.
The market is driven by sentiment, news, retail and institutional investors, algorithms, day traders, whales, short sellers, leverage traders and more.
Biggest factors being sentiment and news.
The sentiment is currently very fearful, that's why the good news don't have the usual impact. But the constant good news are slowly shifting the sentiment.
https://alternative.me/crypto/fear-and-greed-index/
The recent crash started with the negative inflation news from the US. Even the gold price dropped back then, even though you would expect the opposite.
irrelevant, if you want to judge sentiment just use this indicator.
https://alternative.me/crypto/fear-and-greed-index/
Sentiment has improved a little, but is still in extreme fear.