Hey Hivers and Leo Heads!
While I spend a good deal of my time in actual T/A when it comes to the markets, part of that is looking at all sorts of data.
The Fear & Green Index -- Has been to me a useful tool to gauge my current thoughts on the market direction. Historically speaking, this Index has proven to be a useful insight to market direction.
At no surprise, the market direction generally goes the opposite of what the Index says you should be doing! In Either Buy or Selling for the short term.
If we take look currently, we can see that the Fear & Greed Index is now in the "Fear" Zone.
What is the Fear & Greed Index?
Simple put, the index is a collection of market sentiment around news, social analysis, and various market conditions.
One can simply use this indicator to make a good pick on the direction of the market -- Although paired with solid T/A on the charts it can be a great combination for your market picks.
While the market can seem "Bearish" we can see that that it actually represents a good buying spot.
The index is obvious short lived and this is something you need to be checking daily just like a normal T/A charting tools, but if you haven't added this indicator when you base your trades or investments make sure to take a look!
@originate Hive Developer Evangelist & Market Analyst
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