GM crypto bro's, this morning BTC is still moving sideways in roughly the same area as yesterday. The Fear and Greed index this morning is at 28, and the Stoch RSI is starting to approach the overbought area, increasing the chance for BTC to retest and enter the yellow zone area, possibly reaching around 60K. However, this does not mean the potential for a deeper drop has disappeared.
Psychologically, when the Fear and Greed index is in the fear zone, it usually tends to move towards extreme fear first. But keep in mind that the market is dynamic. Don’t be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today’s crypto update.
I’m Akki, one chart at a time.
Psychologically, when the Fear and Greed index is in the fear zone, it usually tends to move towards extreme fear first. But keep in mind that the market is dynamic. Don’t be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today’s crypto update.
I’m Akki, one chart at a time.
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