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When we visit the Coinmarketcap site we will see the Fear & Greed Index (FGI) on the main page, currently showing the number 80. We can use the FGI to assess the market atmosphere and as a sentiment indicator so that we can get an idea of market emotions.
Coinmarketcap represents FGI with a score ranging from 0 to 100. which is divided into five zones: Extreme Fear (0-19), Fear (20-39), Neutral (40-59), Greed 60-79), and Extreme Greed ( 80-100). We can use the Fear and Greed Index (FGI) as an interpretation and reference for when we should enter and when we should exit the market. If the FGI is close to O, it means the market is in a state of Extreme Fear or too much selling and if the figure is close to 100, it means Extreme Greed and a correction may occur.
Of course we can't just use FGI to analyze crypto but must be assisted by other technical analysis such as moving average, RSI, MACD etc.
Coinmarketcap represents FGI with a score ranging from 0 to 100. which is divided into five zones: Extreme Fear (0-19), Fear (20-39), Neutral (40-59), Greed 60-79), and Extreme Greed ( 80-100). We can use the Fear and Greed Index (FGI) as an interpretation and reference for when we should enter and when we should exit the market. If the FGI is close to O, it means the market is in a state of Extreme Fear or too much selling and if the figure is close to 100, it means Extreme Greed and a correction may occur.
Of course we can't just use FGI to analyze crypto but must be assisted by other technical analysis such as moving average, RSI, MACD etc.