Crowd Back to Being Greedy Now That Prices Are Again Speedy
๐ค๐ฑ According to social media data across X, Reddit, Telegram, 4Chan, BitcoinTalk, & Farcaster, the enormous swings from greed to fear have perfectly told the
แจแแแแฅ แแญแญ แ แญแฐแแแข DYORแข
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๐ค๐ฑ According to social media data across X, Reddit, Telegram, 4Chan, BitcoinTalk, & Farcaster, the enormous swings from greed to fear have perfectly told the story for Bitcoin's price. In the chart below:
๐ด Circles indicate days where there are abnormally higher BULLISH comments compared to BEARISH comments, about $BTC (Greed Zone)
๐ข Circles indicate days where there are abnormally higher BEARISH comments compared to BULLISH comments, about $BTC (Fear Zone)
๐ Since we know markets move the opposite direction of the crowd's predictions, the days where comments dip into the Fear Zone have perfectly predicted upcoming bounces. ๐ And alternatively, the days where comments dip into the Greed Zone have perfectly predicted upcoming dips. This latest rise has made retail greedy once again, but it may calm down quickly if the rally comes to a quick halt.
๐ง Monitor how sentiment continues to shift here on this chart, and see what others in crypto can't!
แญแ แจแแแแฅ แแญแญ แ แญแฐแแแข DYOR.
