🚀 How does the fear and greed scale work?

The index scale ranges from 0 to 100: low values ​​indicate fear, high values ​​indicate greed. Values ​​from 0 to 24 indicate strong fear, 25 to 49 indicate fear, 50 indicate neutral, 51 to 74 indicate greed, and above 75 indicate extreme greed. When fear is extreme, prices fall, creating a buying opportunity. If you are extremely greedy, you can lock in profits by selling assets at the peak. However, the index should be used with caution.

🤩 Although the index is useful, it cannot be used to explain all market movements. Bitcoin volatility can cause short-term changes in the index. For example, in February 2021, Bitcoin fell almost $12,000 in a week, and the index fell from 94 to 38 before returning to 73 in April and May. Therefore, it is important to do your research and remember that investors often follow the crowd.

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