lower-calls-may-give-some-modest-crypto-market-relief
π When crypto crashes, how does the crowd typically react? Well, they expect prices to keep on crashing. After Bitcoin sank to $60.0K, we have seen a mild boun
Not financial advice. DYOR.
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π When crypto crashes, how does the crowd typically react? Well, they expect prices to keep on crashing. After Bitcoin sank to 65.5K.
πΎ Is this nothing but a dead cat bounce? Or has enough retail been shaken out to justify a quick rally back up to the $70K's. The crowd will likely have a lot to do with it, based on:
π¦ High calls of "lower" or "below", indicating the crowd is bearish and fearful. Prices typically rebound when this spikes (like now).
π₯ High calls of "higher" or "above", indicating the crowd is bullish and greedy. Prices typically drop when this spikes.
π§ Monitor this unique way of measuring fear vs. greed across social media, where you'll find some incredibly accurate short-term and long-term signals!
Not financial advice. DYOR.
