Hi Readers,

We are extremely sad to know that Cryptomarkets are bleeding and perform badly beyond imagination for the past couple of weeks.

Many of my friends shared that they are not at all interested to open their crypto wallets to check the portfolio value which has decreased a lot and bottom down. 

But, to my surprise some of them, also kept some money to meet the market with courage and put some buying at this point in time. 

As you can see the mindset of these two extreme type of the investors.

Will it go down? Or, make a recovery in the market... I am not sure.... in what ways the cryptos would travel?

But, I am preparing my self to face both these ends..

The multi factorial cryptomarket Sentiment Analysis according to alternative.me, it stands at the following

At this time while I write this article on 7th May, the Fear and Greed Index stands at 23 and it denotes the extreme fear which is as same as yesterday.

You can see, the degree of fear getting improved from last week. 

If we take this for an analysis for a month from now, again from alternative.me, the following is the data.

From the above graph, we could understand that the Crypto Fear and Greed Index has been gradually decreased from 37 points ( as of 8 April 2022) to 23 points till today (7 March 2022). 

It is known to all that by the point 0, it is considered at extreme fear and the point 100 is noted as extreme greed.

In technical speaking, during the extreme fear time, the investors would be much worried and the prospects for the buying is evident/ the markets would tend to go up. In a high greed market, the investors would tend to book profits and the markets would eventually break down. 

As this being the time, we should be extremely cautious in our actions whether to make some additional purchase or wait for a nosedive for the bottom fishing. It is upto the investment appetite and capacity of every investor!

But, for me, I am buying at this point in time as the BTC is trading around USD 36K. I am even prepared to buy again if goes around USD 30K or even lower- Consider the BTC halving position!!

But on the major side with the global economic indictors, there are no positive cues.

Are we really heading for a global recession? If so, most of the investing communities would not be happy to invest in major asset classes including the crypto but would like to have more liquidity to meet the difficult times. 

We will discuss in detail with the next article with other technicalities with the other global macro economic indicators.

This too will pass and let's hope for the best!