As we all know in this world every human has it own emotions,Due to this all every individual mostly make decisions from their emotions.Usually our emotion cause us to make decisions which may sometimes go against us or favor us due to our condition and character at that moment of making the decision.Whenever one try to manage his or her emotion the best decision can be made whiles whenever one does not manage his emotion the worst decision can be made which he or she may regret.
Here are some of the emotions human do feel or go through happiness,Sad,Anger,Anxiety,Fear etc.Sometimes our emotion can be good or bad you can testify from the examples I gave.
Cryptocurrency is usually a general market for all where every individual is able to make transactions that is purchasing and selling,Usally the cryptocurrency market is strongly rely on was we call the law of supply and demand for making technical examine.From the lesson the teacher gave,the law of supply and demand states that whenever the price of a cryptocurrency rises the supply also rises also whenever the price of a cryptocurrency lessen the supply also lessen.
Fear and Gears in the cryptocurrency market is usually the feeling component that is influencing all the price movements on market.In the market whenever there is a dip in price of cryptocurrency all user would like to sell all their assest to stop them from loosing their profit and this is because of fear,Also whenever there is a rise in price of cryptocurrency on market all users wants to purchase assests directly to improve their profit and this is because of greediness.Usually whenever there is a dip in price of cryptocurrency on market all users will begin to sell all their assest which they have purchased already and due to this there is going to be a serious dipping of price of cryptocurrency on the market also whenever the price of cryptocurrency on market increases all users will start to purchase a lot of assest and due to this there is going to be a serious increase of cryptocurrency price on market.
From my research and to my understanding I can boldly say the Fear and Gear Index is a good technical indicator.The Fear and Greed Index happens to be one of the best technical indicators which usually rely on all the informations gathered from other source to help make a correct decisions on the market.In cryptocurrency market it is strongly depending on what we call the law of demand and supply.In the world of cryptocurrency whenever there is a rise or dip of price of an assest on market,This is going to arouse the feeling of all investors on the market to reply toward the reaction of their assests.The fear and gear index being a good technical indicator it is purposely used in collecting and assessing correct informations from different dependable sources,That is going to help everyone to know how the passionate conditions of all traders on market,Which is always influencing the price of assest on market.
Here are some of the components which can cause the passionate reply of all traders on market,Informations from our friends and bloggers,Informations from the mass media newspaper,magazines and book,Whenever there is a rise or dip in price on market and also all Informations we get from all the social media plafforms such as Facebook,WhatsApp,Twitter etc,Are all factors which is causing the emotional reply of traders on market,Sometimes these informations out may not be true.That is why we use the fear and gear index to help bring together a very correct informations from other sources to help examine the current passionate condition of market.Because the fear and gear index is a good technical which gathers information from other source all informations given out about the market condition is very accurate.Traders must not use only the fear and gear index for examining to take their final decisions o market but should take the advantage of adding two or more indicators to help them get an accurate and best market condition.
To my opinion,I would love to see the Altcoin been added to the fear and gear index,The altcoin all fundamental structure is almost the same to Bitcoin.The altcoin was made after a successful built of the Bitcoin,As we know the fear and gear index is also one of the best technical indicator which is purposely used in bringing correct informations but as we speak no other coin is having access to the fear and gear only the Bitcoin which I think it is wrong,To my opinion and also as a new user to the world of cryptocurrency and also will like to start trading in no time,It will be my great wish to see all other cryptocurrency using the fear and gear index for technical examining to get accurate information on market.
Also to my opinion I would love to see an excess use of the time update,The regular use of the social media to spread out informations about the update of traders emotion on market every time to investors ,This is going to help all traders to know the market condition every time before they start their trading.
On this date 8th October 2021,We have the the Fear and Greed index to be 69 which is clearly showing that there is a Greed on market,As the current time I performed this task which was 9th October 2021 we have the Fear and Greed to be 74 which simply telling us there is going to be a lifting in greed on the market.From the lesson of our professor and my research whenever the market ranges from 0-40 it simply tells us that the assest has been oversold means it will be getting reversal in trend.Also whenever the market ranges from 60-100 and it tells us that there is a high greed on market which means there is an overbought so there will be a reversal in trend.
Mostly our emotion lead us to make decisions which if care is not taken you can make the worst decisions for yourself and might worry your life.Whenever we talk about the cryptocurrency we have the fear and gear index which is usually influencing all the emotions of traders on market when it comes to making decisions .Whenever there is a dip in price of an assest on market users begins to sell all their assests which is due to fear,And also they get information from the social networking to help traders to get enough informations about traders emotion to prevent from loosing their profit,Whiles whenever there is a rise in price of an assests users begin to buy a lot of assets on market to be able to get enough profit,Also the social networking is helping to spread out information to users to know the traders emotion to make enough profit.
The fear and gear index is one of the best indicators which is use to bring out accurate informations from different sources,This help to narrate all the current feeling of the market condition and also it is use in forecasting a possible in the price of assest to change in opposite directions.Users should not only use the fear and gear index to make their final decisions but should join two or more indicators to examine on the market to get an accurate results.
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