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Details: ht
Wow, guys! I just took a look at the so-called Fear & Greed Index for cryptos and it's at 34 - definitely a sign of fear! I think this is a complete joke... yesterday it was the same, but last week it was neutral at 48. Can we trust this? I don't even know if I'm bearish or bullish on Bitcoin today - this market is more unpredictable than a lottery result!
This index goes from 0 to 100, they say that low values show excessive selling ( good time to buy, right? ) and high values indicate that the market is too inflated and may crash. But then come the platforms with their "exclusive data" wanting to show that they know everything... ah, give me a break!
I also saw that next week an economic tsunami is coming! Pure hysteria or reality? The data from the US is going to be released - jobs, manufacturing, unemployment... and the famous Payroll on Friday. Any word from the guys at the Fed makes the cryptos jump up and down like popcorn in a hot pan.
Meanwhile, Ethereum is down there, falling below 4,000 dollars with a measly increase of 0.23% in 24 hours. What a sadness! And there are people talking about $KAITO, $AEVO and $THE as "focus assets" - I bet by next week they will already be talking about others!
The founder of Telegram is resisting censorship, the US government may stop due to lack of money... and here we are, trying to guess whether it’s time to buy or sell. One thing I know: this market is for those with a strong stomach who don't mind losing everything overnight!
And speaking of that, where are the "hot articles"? No records! Is it that no one is writing anymore or is it just that no one is reading? The crypto world sometimes feels like a group of people shouting in empty rooms...