Welcome traders to this Fear & Greed index.
The F&G Index has gone to the lowest level of 6 to date. This is the lowest in the history of cryptocurrency and this could get recorded only if the market bounces back from the current level. In my F&G updates, I have mentioned that we can possibly see the F&G reaching close to 1 as well but then what? Could it go zero...
Why Measure Fear and Greed?
Crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in the irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple...
-Today we are going to show Vix Index on daily chat compared to SP500 (orange line).
The first thing we noticed is the Wedge formations on the chart.
-As Vix starts going down, SP500 keeps rising, the concept is that people trust on the strength of the bullish trend, on this process we can see the Wedge patterns on VIX, and bullish trends on SP500.
-To see...
The VIX is known as the 'fear index'. It has taken a pulse north which is not unexpected, as volatility on the P SPX500 took a leap recently.
The VIX is not an index I trade, nor do I know anyone who trades it. Its value is in keeping a finger on the 'pulse' of the stock market.
When the VIX begins to pulse, expect trouble. Some see trouble only after it has happened.
