We are in the Greed zone!
The Fear and Greed Index by CNN shows that we are in the Greed zone at the moment.
The screenshot above shows the cyclic nature of the Fear and Greed index. If we read into the recent patterns, it seems that we are about to top the Greed index... if this pattern continues.
Well, though the Fear & Greed Index by CNN is based stocks market sentiments, it may have some value for crypto price predictions. That is, we may be on a downward move next, moving into fear zone and drop in prices.
Meanwhile, we can also look at the Fear and Greed Index for Crypto.
At the moment it has gone into the middle ground.
If the Fear & Greed for stocks is a leading indicator, we might see that of the Crypto indicator rising into more greed. But if we predict that the Fear & Greed for stocks would move into fear, my thinking is that crypto might get into the fear zone together.
What do you think?
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
Posted Using LeoFinance Beta
now all is connected stocks and crypto, thnx to tesla,coinbase etc.
So my bet is if stocks go to fear then crypto too, but we just gained some impulse so i hope we will go to extreme greed for some time:)
Then you should have a profits taking plan, else all would be in vain when bear strikes. !PIZZA
I gifted $PIZZA slices here:
@cryptothesis(9/15) tipped @svanbo (x1)
cryptothesis tipped leonchikov (x1)
Please vote for pizza.witness!
Both markets are related and if one goes down, the other will also get affected to an extent. It mainly affects tech stocks and they are a huge weight in the stock indexes.
Posted Using LeoFinance Beta
The question is whether the timing is the same or lagging.
FOMO is coming...
Popcorns ready! :)
You see I think being are trying to push their profits now.. Being greedy never ends in a good place 😂 im jjust keeping what I have, happy that the markets are recovering
I agree with you. Crypto is going to follow stock market and is going to go bearisch... We're going to get a falling market soon in my opinion... !BBH
@cryptothesis! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @svanbo. (1/1)
Oh dear! On one end.
On the other end… I will buy more! lol
!PIZZA
Exactly, that's the spirit !LOL