Why I'm Watching the Crypto Fear and Greed Index for My Next Buy Signal
Extreme fear can signal opportunity. Here's one way to spot it in the crypto market.
Why I'm Watching the Crypto Fear and Greed Index for My Next Buy Signal
Overview
Many crypto investors have two modes: "This coin is going to zero" and "I'm retiring next month." There's rarely an in-between.
These emotional extremes can create opportunities for patient investors willing to swim against the current. That's why I keep an eye on CoinMarketCap's Crypto Fear and Greed Index.
Details
It won't tell me what to buy or when, but it does tell me when the crowd is losing its collective mind in one direction or the other. Taking action on its signals is an exercise in statistics and mass psychology.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
