Crypto Market Sentiment & Price Update - Oct 3rd 2021 (Fear & Greed Index)

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FG index oct 3.jpg

The Crypto Fear & Greed Index measures the overall emotions and sentiment of the crypto market at the point in time.

  • Extreme Fear indicates investors are being too worried and may signal a good buying opportunity.

  • Greed signals market is overextending and may be due for a correction soon.

Update 3rd of October

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With the latest pump in the crypto market, the index has moved to neutral first time since the beginning of September. With the looming US stock market crash because of the shitty politic scene, analysts are projecting flow of funds to crypto market. (Market News) However, I am seeing this as a huge pump and dump coming soon as the entire crypto scene is still a bit bleak since the China ban. Proceed with cautions.

Bitcoin Price Update

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The recent rally hit a minor resistance at 48k and might see a further rally to major resistance at 50k-51k. However, the expecting MACD crossover might signal a consolidation between 48k & 45k.

P.S.

As always, usual advice on crypto market

  • Not financial advice
  • Do your own research
  • Never invest the amount you're not willing to lose.

Posted Using LeoFinance Beta

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