Comparison of fear & greed index and Bitcoin priceUpdate on this comparison of fear & greed index and Bitcoin price.
Interesting is the low F&G value at the point of 50%-FIB level.
Drop me in the comment if you'd like me to analyze any other cryptocurrency.
*no financial advice
do your own research before investing
Fearandgreed
Bitcoin repeating a Fear & Greed cycle?Hello everybody,
is Bitcoin repeating a Fear & Greed cycle?
Crazy how similar the green boxes are with regard to time and price change percentage...
Will we see the orange box repeating as well?
That would lead us to $50k Bitcoin at about 11th December 2021 - that price level would match the FIB golden pocket as well.
Do not hope that - but it would give a great re-entry into the market.
Drop me in the comment if you'd like me to analyze any other cryptocurrency.
*no financial advice
do your own research before investing
This is what I got today ...BINANCE:BTCUSDT
maybe I'm not the first person with such a theory (relation between Fear and Greed index and BTC price) but it took time so I get it
I still didn't make sure if it can be enough useful for buying and selling or not , But I'm waiting for an opportunity to understand it .
if you agree with it , please like and comment your idea and share it with mentioning the publisher ;)
VIX pushing higher as VOL returns As Stocks & Crypto push higher, even yields ticking up with a hint of a Gold rally.
It is my opinion that stocks simply can't be this inflated for long. Yes we need to wait for the Fed to reduce QE pace. However, one needs to get Volatility while it's cheap.
Looking for a short term bounce in the #VIX to $24 with this beautiful double bottom / W pattern.
SELL YOUR BITCOINS Because...Hello Dear Crypto Traders or Holders.
How much you know about BTC Fear & Greed index?
Do you know when the market is in Extreme Fear or Greed what will happen?
I am here to learn you a little this type of market analysis .
Well, if you see this idea, congratulations, you are far ahead of many in this market who understand the use of Trading View.
You can tell the difference between analysis and good prediction.
let's get to the point
Not all tools are always used to analyze the market more accurately, and you need to integrate them properly according to your own strategy.
For example, indicators are not used alone, you have to combine the technical with it or ...
I am here to tell you that bitcoin will not go higher than its own ATH at this time, as many expect, you ask why?
I combined the technical and classic RSI indicator and another useful tool called BTC Fear & Greed index.
Well, you know that markets often react to their own past
What does this market tell us now?
He says that whenever the BTC Fear & Greed chart penetrates above 80 and reaches Extreme Greed mode, most of the whales and big ones in the market start selling their possessions when simple people are greedy, and look back at the market in this situation. crash and experience deep shaving
Or vice versa, when people are in deep fear and this tool goes to the numbers 30 and below, whales use people's fear and get their property cheaper than they grab.
Conclusion:
1. Bitcoin has reached its greatest resistance.
2. The RSI indicator from 6 OCT 2021 shows a negative divergence.
3. The BTC fear & Greed index tool has reached over 80.
4. People who bought bitcoin for 64,000 are selling.
5. In the lower time frames formed a twin hills (Double Top).
6. In the 4-hour candlelight we see that the candlesticks do not have the power to break this important level at the moment.
7. And more importantly, the whales are thinking of trapping traders.
You can save your profits and wait for lower prices.
Now you ask what if he did not correct and BTC hit the ATH ? Because in this market, nothing is 100%. In my opinion, if 10% of this happens, after hit the ATH btc will return to 64000 and when the pullback completed you can enter again.
BE SAFE
Strong support Zone ( SHIBA 3h )
(( please read the description ))
Repeat support ( Fib 0.382 ~ 0.5 ), if buyers can break the resistance, we can hope for the target.
According to support, SHIBA can do more trades with higher Targets, but emotions have a big impact on the trading process.
Do you think this support continues or the emotions cause the trades to fail?
tip :
The trading is above the MA 50 (blue line), one should hope for an uptrend and test the resistance Zone .
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* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
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*** pay attention ***
BTC is influential in all transaction
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BTC/USDT Correction Prediction We experienced a massive dump/correction couple days ago. This was expected as Bitcoin pump to 52k very quickly. We might see an impulse then another correction (may be more) before BTC turn bullish.
I have broken into different zones according to supply and demand based on fear and greed -
Buy zone (Support) - This is a zone where there is high fear where retail investors do nothing, but whales and institutional investors buy and pumping the price up
FOMO zone - where retail invest buying after the pump/reversal
Sell zone (Resistance) - Where big players take profit where high Greed
According to this we might see an impulse towards FOMO/Sell zone then a correction toward the Buy zone 1 again. If that is breached then we can see the price dropping to Buy zone 2.
This is not financial advice please DYOR
The S&P 500 $SPX signaling strong divergenceThis probable next correction is very odd. As the index price action is showing strong negative divergence with de ADL and the MACD (one confirming the other), there is no euforia. Is like everyone is expecting this to happen. It may be just lack of interest of the market or that is summer time.
The Fear & Greed Index is in extreme fear, that almost never happens on tops. Still I can't ignore the technicals that are at least signaling that the SP:SPX is losing strength. So this is time to manage risk. I'm tightening my stops and suggesting to sell at least part of the positions we have at some of the winners like NYSE:PFE and NASDAQ:GOOG .
We opened a short position on the index but I'm still holding some stocks. Also, if the correction actually happens would be a very good opportunity to find strong stocks for the next leg up. I will be looking for strong relative strength and 52 week highs.
money.cnn.com
BTC Calling Bottom Elon Price Manipulation, -In this post i will be explaining why the bull market is not over and why i am very confident this is the bottom for BTC's recent pullback.
-In the past 2 months we know that BTC has been moving sideways.
-We also know that BTC Dom Chart is dropping which is a good indicator that it is alt season.
-We saw major Pairs like ETH LINK and LTC drop draws and make people Ridiculous amounts of money. While BTC moved sideways for 2 months between the $44k-$62k, this is a large indicator for alt-season.
-Here are some Reasons on my Theory with Elon.
-Elon tweeted a few days ago saying how Tesla will no longer accept Bitcoin payments due to the fact of Environmental Reasons and they will be looking for other cryptos to accept in the future.
-ELON IS CREATING FUD AND MANIPULATION IN PRICE DUE TO HIS LARGER FOLLOWERS. YOUR TELLING ME A COMPANY WITH A MARKET CAP OF 568 BILLION DOLLARS DID NOT DUE BACKEND RESEARCH ON A INVESTMENT??? I DONT BUY THAT AT ALL.
-Elon/Tesla also announced that they have sold 10% of there Bitcoin holding to show liquidity.
-This also plays a role on how he is controlling the price. He announced Telsa has sold 10% for liq reasons and a week later he announces that Tesla will no longer be accepting BTC. This is clearly a manipulation in price and movement in the markets.
-Elon and Tesla are most likley buying this dip with that 10% they sold earlier so they can gain more BTC.
-On the TA level i have a few supports in mind We are currently testing the $44k level which is also bouncing off the Blue bullish trendline that i drew from mid December of 2020.
-This leaves me to believe that if we do now hold the $44k level that we will retested $42k and if 42k does not hold Last resort is the last Support i have $38k.
Now We recently have closed the weekly timeframe above the Bull Market Support Band which is a great sign.
Also Keep in Mind that we havent not painted any top wick yet and just the bottom another reason i am bullish.
-We have also seen the fear and greed index hit a 20/100 the lowest we have seen all of 2021.
-As far as recovery i do believe that this will take time to recover with such nasty news and major FUD seen on twitter and many crypto Community that 1 man has created. My guess is Trading Volume will be very low which means that we will see very slow movement across the board on these blue chip and mid cap coins.
-To Finalize this post i would like to say a few things.
-THIS MARKET CYCLE IS FAR FROM OVER
-You must be greedy while others are fearful and that is what is exactly happing in this market rn alot of Fear.
-I have Orders at 44k 42k as well 38k this is not the market top but defiantly a local top for a good amount of time.
-Im not selling any of my portfolio and all this fear and FUD just makes me want to buy more.
-Thanks for reading my Thoughts on the Bitcoin and if you dont know already BTC will determine how Alts perform If BTC keeps dropping Alts will drop hard and if BTC accumulates we will see some random coins pump.
This is all you need! We're going way higher than this. We might drop lower in the short term but in the big picture, we're going past $100k. There's no need to panic and know that long-term trading always beats short-term trading. Also, look at the Bitcoin stock to flow model with the fear and greed index. I think we still have more time till we have a market top. Don't let the so-called experts scare you.
Link to the stock to flow: digitalik.net
Link to the Fear and Greed: alternative.me
Crypto total market capCrypto Total Market Cap Excluded BTC
The RSI resistance on weekly is right behind the corner. Like we can see from the picture this is the fourth time this RSI line gets hit ( RED circles ).
GREEN circle shows where the suppressing downtrend line got broken. (Trend turned to Bull)
BLUE arrows shows that these upward legs are identical size. Which would mean a pullback.
I believe we might get a small and fast retrace from here before we take up higher.
After the line breaks and price stays higher I believe we are going to 250 billion marketcap.
Remember that "more times a support or resistance gets hit the weaker it gets".
What I have seen, the fifth time usually does it ;)
For long term I am bullish.
Also the fear and creed index has been on creed / extreme creed for 2 weeks. (not the first time thou)
alternative.me
This is not a financial advice!
If you do trade use stop loss and small enough positions!
1st mistake beginner traders do is taking too big risk.
-Jebu
Psychology of a Market Cycle - Where are we in the cycle?Psychology of a Market Cycle - Where are we in the cycle?
This tutorial is related with "Trading Psychology - Fear & Greed Index" study
Before proceeding with the question "where", let's first have a quick look at "What is market psychology?"
Market psychology is the idea that the movements of a market reflect the emotional state of its participants. It is one of the main topics of behavioral economics - an interdisciplinary field that investigates the various factors that precede economic decisions. Many believe that emotions are the main driving force behind the shifts of financial markets and that the overall fluctuating investor sentiment is what creates the so-called psychological market cycles - which is also dynamic.
Stages of Investor Emotions:
*Optimism – A positive outlook encourages us about the future, leading us to buy stocks.
*Excitement – Having seen some of our initial ideas work, we begin considering what our market success could allow us to accomplish.
*Thrill – At this point we investors cannot believe our success and begin to comment on how smart we are.
*Euphoria – This marks the point of maximum financial risk. Having seen every decision result in quick, easy profits, we begin to ignore risk and expect every trade to become profitable.
*Anxiety – For the first time the market moves against us. Having never stared at unrealized losses, we tell ourselves we are long-term investors and that all our ideas will eventually work.
*Denial – When markets have not rebounded, yet we do not know how to respond, we begin denying either that we made poor choices or that things will not improve shortly.
*Fear – The market realities become confusing. We believe the stocks we own will never move in our favor.
*Desperation – Not knowing how to act, we grasp at any idea that will allow us to get back to breakeven.
*Panic – Having exhausted all ideas, we are at a loss for what to do next.
*Capitulation – Deciding our portfolio will never increase again, we sell all our stocks to avoid any future losses.
*Despondency – After exiting the markets we do not want to buy stocks ever again. This often marks the moment of greatest financial opportunity.
*Depression – Not knowing how we could be so foolish, we are left trying to understand our actions.
*Hope – Eventually we return to the realization that markets move in cycles, and we begin looking for our next opportunity.
*Relief – Having bought a stock that turned profitable, we renew our faith that there is a future in investing.
It's hard to predict with certainty where we exactly are in the market cycle, we can only make an educated guess as to the rough stage based on data available. And here comes the study "Trading Psychology - Fear & Greed Index"
Factors taken into account in this study include:
1-Price Momentum : Price Divergence/Convergence versus its Slow Moving Average
2-Strenght : Rate of Return ( RoR ) also called Return on Investment ( ROI ) is a performance measure used to evaluate the efficiency of an investment, net gain or loss of an investment over a specified time period, the rate of change in price movement over a period of time to help investors determine the strength
3-Money Flow : Chaikin Money Flow ( CMF ) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities. CMF calculations is based on Accumulation/Distribution
4-Market Volatility : CBOE Volatility Index ( VIX ), the Volatility Index, or VIX , is a real-time market index that represents the market's expectation of 30-day forward-looking volatility. Derived from the price inputs of the S&P 500 index options, it provides a measure of market risk and investors' sentiments. It is also known by other names like "Fear Gauge" or "Fear Index." Investors, research analysts and portfolio managers look to VIX values as a way to measure market risk, fear and stress before they take investment decisions
5-Safe Haven Demand: in this study GOLD demand is assumed
What to look for:
*Fear and Greed Index as explained above,
*Divergencies
Tool tip of the label displayed provides details of references
Conclusion:
As investors, we always get caught up in the day to day price movements, and lose sight of the bigger picture. The biggest crashes happen not when investors are cautious and fearful, it's when they're euphoric and expecting financial instruments to continue going higher. So as we continue investing, don’t forget to stop and ask yourself, where in the chart do you think we are right now? The Market Psychology Cycle shines light on how emotions evolve, fear and greed index can come in handy, provided that it is not the only tool used to make investment decisions. It is easy to look back at market cycles and recognize how the overall psychology changed. Analyzing previous data makes it obvious what actions and decisions would have been the most profitable. However, it is much harder to understand how the market is changing as it goes - and even harder to predict what comes next. Many investors use technical analysis (TA) to attempt to anticipate where the market is likely to go. Investors are advised to keep tabs on fear for potential buying the dips opportunities and view periods of greed as a potential indicator that financial instruments might be overvalued.
Warren Buffett's quote, buy when others are fearful, and sell when others are greedy
Why I'm optimistic about the EuroDespite the uncertainty in the markets (Gold and VIX) and the fundamentals (productivity and consumption) indicate a faster recovery in the United States, which theoretically should appreciate the USD, in my opinion the market remains irrational.
But following Keynes' advice "markets can stay irrational longer than you can stay solvent", I prefer not to take a stand against the market.
The Fear & Greed indicator created by MagicEins, based on CNN's F&G Index is very useful for analyzing market sentiment, we can see that there is still a lot of room to reach the Jan/2020 greed levels.
In the short term we follow the sentiment and the market flow, the CoT shows that the large speculators continue to bet in favor of EUR. The last time speculators were bought on more than 100k contracts was in mid-2018, when EURUSD quote was ~ 1.17.
Another important reason in the short term is the EU summit taking place this weekend, where the EU leaders are edging closer to a deal on a Europe Recovery Fund. This can generate great optimism against the EUR.
Technically we are at an important top and the tendency of the retail trader is selling tops, but as most of these traders are losers in the long run - I will bet against.
EURJPYprices likes to repeats time and time again as you can see both trades are the same but the right being the bigger version look at how price moved up with some strong bullish momentum but as seen with price action this played a roll in catching other out buying when they see candles like that, then what happened next we moved up into a correction followed by a double top or the cup and handle as people say for a sell this is why i love looking at price and this gives us better direction but not all the time i would say an edge within the markets but seeing this helps of course,
breakdown on GU,EU key points on them good morning traders, so this is a little breakdown on GBPUSD and EURUSD and what i'm looking at for the upcoming weeks, there's a lot of room on both pairs and now we just need to wait for the time or the confirmation before we take them, don't get the fear and greed of missing out as this can play on your feeling and emotions with trading we don't want this, be the best you can be and follow what price is telling you, fear will crush you in the long run learn to be patience and wait for its hands first i hope this helps and would love to know what you guys think
all stay safe and have a great weekend!
BTCUSD - Uncertain situationWell, I am really not sure what is going to happen the next days.
The BTC indicators I am currently seeing are:
- Fear and Greed Indicator is very low and 5-10 levels normally is a good buying opportunity
- Bitcoin on Google Trends is rising very fast, which could potentially mean a rising interest
- If we keep that level, this could be the biggest triangle and continuation I have ever seen. For that reason, I will keep my leveraged long open, just in case we skyrocket in seconds.
- Having lost important EMAs, we could as well be in a bigger bearish channel or something similar, that's why I'm saying that I really don't know which side to take position on.
- The 1h chart is contracting, which let's me believe, that there is going to be some action very very soon.
Overall market signals that I see:
- Not just stock markets have lost value, so did Gold. Which leads me to think that an economic crisis is on it's way. These would not end well for Bitcoin either.
- The inverted yield curve (cross from 2 year and 10 year treasury bonds) triggered already, which historically has always been the start of a recession.
- I expect certain markets such as DJI to recover a bit (maybe to 23500) and this could push us back up for a while. On the other hand, I don't believe in it too much, because COVID-19 is not yet over and this negates the pull-back IMO.
- The altcoin market has the potential to drop to 14B, which would be another 65% drop or around 40B of lost money.
If COVID-19 is not rapidly gone from mother earth or at least made treatable, markets are going to bleed more and more till the day we manage it.
It is probably better to stay on the sideline with bigger positions.