The Fear and Greed Index just got “neutral” for the first time in more then 4 months! But don’t get too excited…
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The Fear in Greed Index just got to “47” and is now officially “neutral” which is special as in the last four months we have spend most of our time in “Extreme Fear” and then a bit time at “Fear”. So this switch in sentiment was obvious after this kind of rallies we have had in all of Crypto and also the stock markets.
But I would recommend to not get too happy here as it’s obviously just an index that is not even meant for trading. Also this is in some way a sign that we are slowly but steadily nearing the top of this rally. Because typically a “Greed” in the 90s is a top of a bigger crypto rally.
Just don’t rely on this one index but take this as a good information to be cautious in the markets.
submitted by /u/partymsl
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