FUD Has Made its Return, Will You Capitalize?
π Bitcoin has dumped below $100K for the second time this month. Predictably, this has caused a wave of FUD and concerned social media posts from retail trader
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π Bitcoin has dumped below $100K for the second time this month. Predictably, this has caused a wave of FUD and concerned social media posts from retail traders. As shown below:
π₯: Significant bullish/greedy bias (usually when markets are getting too much FOMO, prices will go down)
π¨: Neutral/mixed bias (usually markets are more impacted by whale behavior, geopolitical/news driven events)
π© Significant bearish/fearful bias (usually when markets are getting too much FUD, prices will go up)
π Right now, $BTC has just entered into a π© zone, which historically means buys are less risky than average due to panic selling retail traders.
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