GREED is back, why should you care?

By Crypto_Lemon | Analysis by Cryptolemon | 8 Nov 2020

Hello HODLer,

Just a quick message to express my thoughts about the current state of the market. The Fear & Greed indicator is one of the simplest but most useful to understant in which market's phase we are in.

It clearly feels we are in a Bull Market Phase, with elections stress going away and more and more bullish news (for Bitcoin mostly).

We touch a 90 score yesterday and are still very high compared to the past few months as you can see below.

I expect a small consildation before going up again.

I would also like to differentiate Bitcoin and Alts, Bitcoin going up is a no brainer for me. This is less the case for Alts are many of them do not have a clear narrative or value proposition (even if they can indeed moon).

We have an economic crisis, political crisis incoming in the US and a Health worldwide crisis so I expect the money printer to continue to print but risk-on assets to underperform and I put alts in this bucket.

To conclude, I am keeping my BTC Long but I am more neutrals on Alts at the moment.

I am looking still at some tasty ones !

Cheers, and be careful

➡️ Be paid daily to browse with Brave Internet Browser
➡️ A secure and easy wallet to use: Atomic Wallet
➡️ Invest and Trade on Binance and get a % of fees back
➡️ Youtube
➡️ Twitter
➡️ Hive
➡️ Publish0x
➡️ UpTrennd
➡️ Read.cash
➡️ LBRY