Fear and Greed in Market

It is not doing good and almost every coin is in red. In a way, we can say that the market is ina bloodbath situation and this is not the first time we have seen this type of market behaviour and surely not the last time. This time when people anticipate that altcoins will do great but it is not happening. And Bitcoin has done pretty well but now it is also down and now ranging in the price range of 100 KUS dollars.

If you hook at the chart below which is for the fear and greed index you will notice that currently, the count is 55 which is called neutral. The market is in a neutral state as of now where people are not ready to buy and they are not prepared to sell as well so they are in a situation where they are not able to decide whether they should buy or sell and this situation is called a neutral situation in the market.

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I believe that this is temporary and it will not stay for too long so have some passion and try to avoid trading this time because it can be risky. The right strategy would be to wait for some more time to see how the market behaves and plan your trading activities accordingly. It is not necessary to trade every day especially when the market is not doing great in terms of fear and greed index metrics and this is one of the important metrics we have in the market.

Every market has this type of metric and crypto is not the only one so some sort of strategy in place and having some passion can help us plan things better and also reduce losses if things are not right. At this point when the index is 55 for greed and fear I can say that it is time for us to take a pause and wait for the right time and in the meantime set up some effective strategy.

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