bearish for bitcoin

Shorts have been closing out for awhile and Longs have been going up at an alarming rate. This is a contrarian indicator and shows the next big bout of volatility will most likely be downward. The BTC greed index spiked to 48 yesterday. For reference, since the crash, when the greed index hovers around 50 is usually a selling opportunity.

You can find the BTC fear/Greed index here: alternative.me/crypt...ear-and-greed-index/

تعليق:

disregard the arrows.

Candle graph is shorts. Line graph is longs.

تعليق:

@Salmin

alternative.me/crypt...-and-greed-index.png

told you it would be at 40, its at 39 now. maybe one or 2 more days of trending up. but reversal could happen earlier than that