Extreme Greed

Extreme Greed

By toofasteddie | The cryptorunner | 9 Nov 2020


We are approaching to a limit that we have not reached since June 25, 2019.

The Crypto Fear & Greed index is at the highest value so far this year, 90 on a scale of 100, although this value is not yet the ATH.

  • Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.

  • When Investors are getting too greedy, that means the market is due for a correction.

The ATH was obtained 17 months ago, when it reached 92 out of 100 points.
What happened later we all know, a 68% correction which lowered BTC price from 13800 to 3800 USD in an interval of time of 8 months.

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I don't think we will see that correction in the coming weeks but I do think it will, but to a lesser extent.

The possible supports would be:

  • $ 13,890
  • $ 12,000
  • 10,900/10300$ Area

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What do you think? should we expect a healthy correction?

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

 

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toofasteddie
toofasteddie

Dad, Engineer, Runner and Crypto-trader


The cryptorunner
The cryptorunner

Opinion and Trading Ideas about crypto

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