Now the index is 38 and referring to Fear and the price of bitcoin is 7308 USD
This is Crypto Fear and Greed Index which shows the mental behaviour of the markets.
In General, if the index is below 30 then the people are in Extreme fear where the markets are falling.
When the index is between 30 and 50 mostly the trade is sideways.
On a contrary when the index is between 50 and 70 there is some confidence in the market.
When the index is above 70 it represents extreme greed in the market.
This happens when there is continuous rise in the markets.
But when there is Extreme fear in the market it has been the best time to invest in the markets.
On the other hand when there is extreme greed it has been the best time to sell the assets.
The above mentioned points are for information purpose.
Please do your own research before investing in financial markets.
Please upvote, comment and follow my posts for regular updates on cryptocurrencies.
For those who are seeking extra upvotes on their posts can join in Kryptonia. This is a platform where you can earn Superior coins for completing small tasks and you can create tasks for getting upvotes, comments and followers on your steemit posts. If you find this information helpful please join through the below link. KRYPTONIA
For those who are seeking to get free basic income weekly Join manna base platform. Mannabase is an universal basic income platform which works to provide basic income for all the citizens in the world. All the registered users of the platform will receive weekly airdops on thursday.
If you are intersted in joining this platform.
Please join through the following link
Earn Presearch coins for doing search through presearch engine instead of google search. If you find this information helpful please join through the below link. PRESEARCH