After stepping into the world of crypto money, many investors lose their sleep at night, forget the concept of time after looking at the charts for hours, and wake up and do not feel comfortable without looking at the latest state of the market. In this market, which is open 24/7 and has high volatility, investors who are always alert to make money and not miss opportunities see sleeping as a lost time, especially when there is more opportunity to trade in bull seasons.
Compared to traditional stock exchanges, the crypto money market is where the effects of human psychology are seen more. You have come across many situations where the market price movements cannot be explained by technical and fundamental analysis. Investors, who have been trading in this market for a long time, are open to technical and fundamental analysis and interpret the emotional conditions of the general investor audience and position their own investments accordingly.
The “fear and greed index” calculated by the popular analysis company, which is trying to measure the emotional reflexes of crypto money investors, based on the trends of market volatility, market volume acceleration, social media interest, Bitcoin dominance graph, and the types of research conducted on cryptocurrencies on the internet, today calculated as is 92 points out of 100. Last month, while Bitcoin approached $ 20,000, this rate was 86 points.
So Will This Greed Continue?
Of course, it is not possible to answer this question. Because there is still a FOMO effect in the market and it is difficult to know when it will end. The extreme greed has reached such a point that Bitcoin has been unaffected by negative news flows and not reacting to the news for the last few weeks. The expected sales movements were not seen in the market, including the embodying of regulation news from the USA, news that the coronavirus has mutated today.