A lot of FOMO is happening currently! Not only on Bitcoin but even more on the Altcoins and
So people ask: Is this only a fake out or the start of the long awaited bull market? Today we want to show you THE indicator to have an eye on right now and today.
Just as expected: (Timestamp YT Video)
As you know two weeks ago we published on our
So now that we can see these things exactly happening we have to ask ourself the question: how far will this rally go?
Before we show you the indicator we would like to show you a famous quote:
“Be fearful when others are greedy and greedy only when others are fearful.”
BEWARE of THIS Indicator!! (Timestamp YT Video)
Both of the graphs show the same timespan from the 1st of Febuary 2018 until today.
Looking at the picture we can see the Fear/Greed Ratio Chart from alternative.me where a value above 50 denotes a market sentiment with more greed than fear and thus a value below 50 a market sentiment with more fear than greed.
Its MINDBLOWING to see, that always when the ratio went above 50 it was a great indicator that we were due to a correction.
Now we can see that we are entering greedy territory again with values way above 50. Is our guess with the highest probability of an Altcoin March just as we said in January still in place? Well, it is. Is the Bitcoin prediction of probably nearly $4.900 still in place before we see a final wash out? Well, maybe it is as well.
But the greed currently not only due to this chart but in social media and many plattforms shows us that we are going into an unhealthy territory. Maybe the market continues to soar. We would really appreciate that, since we are bulls and love these market movements.
On the other hand we feel like some people still didnt learn their lesson. So now its about to continue watching the Fear & Greed Index and to see what happens next. Just talking from the data POV: when the index went above 50, it was good to take some chips from the table. BUT: If you completely stand on the sideline in fiat or stable coins you might miss out the moonshot when it comes.
Disclaimer: The content covered in this article/video is NOT investment advice. We are not NOT financial advisers. These are only our own personal opinions, ideas, charts, technical analysis (TA), insights, curated news publications and price prediction(s) for 2019 and beyond. Always do your own research and only invest solely based on your own findings and personal judgement. Trading and/or investing in Bitcoin (BTC), Ethereum (ETH) or any other type of cryptocurrency or altcoin is extremely high risk and the market + price of any asset can crash at any time! Cryptos are incredibly volatile! This article/video/live stream is purely for entertainment purposes only!