After the Bitfinex and Tether drama, the Crypto-Fear and Greed Index is now in the fear zone.
The Alternative.me index, created by developers and developers of Strawpoll.com and Thundercheck.org, analyzes market volatility, surveys and social media to determine the current general mood of crypto traders. The current level of 42 means that investors are concerned that another drop in Bitcoin prices is on the horizon.
The script meets the famous advice of Warren Buffet, who should recommend traders "timid when others are greedy and greedy when others are fearful."
According to the website
- extreme anxiety may be a sign that investors are too worried. This could be a buying opportunity
- If investors become too greedy this means that the market is due for a correction
Crypto traders generally respond to the news the allegations of Bitfinex and Tether with Bitcoinists contributor and analyst Filb Filb, who tells his 13,000 Twitter followers to switch to fiat.
Ive Gone to fiat.
Reasonable assumption that people are leaving Finex to trade USDT -> USD = Downside Risk.
I'm excited about a lower bid or a continued USD downtrend.
Hopefully all FUDs, but the name of the game is the protection of profits – bad let the superstar dealers clarify this 🤨 pic.twitter.com/gt18MGqdLd
– fil₿fil₿ ( @filbfilb) April 26, 2019
Crypto Trader and investor Josh Rager tells his 31,000 Twitter followers that he thinks Bitfinex's situation will keep the market intact.
To calm the nerves, the situation of Bitfinex should not really ruin the market in the short term.
If $ BTC falls to $ 4200 or below, I'm still a confident buyer for investment
I'd love to buy / buy Bitcoin in mid to high $ 4ks and below $ 6200- $ 6400 to benefit from another decline
– Josh Rager @ (@Josh_Rager) April 26, 2019
Cryptanalyst Willy Woo, who bought his first Bitcoin in 2013, says his 91,000 Twitter followers that they should remember how the markets after Mt. Gox.
It is good for the ecosystem that garbage is shaken out. In the short term there is FUD. I do not think that the next bull run will be significantly affected.
Do you remember Mt Gox? 5% of all stolen coins, + 90% of the volume were traded there, it was at Mania Heights, it took only 13 million for detoxification
– Willy Woo (@woonomic) April 27, 2019
Meanwhile, YouTube's best-known cryptanalyst, DataDash, says it's encouraged to see Bitcoin hold over $ 5,000.
"If we can actually hold a third time here, that would be really confident. These were some of the most bearish news as we will discuss what we saw throughout 2019. If this is not enough to let Bitcoin pass this area, or to push Bitcoin below $ 5,000 market capitalization [of all cryptocurrencies] below the $ 168 billion area, that will be a triple bottom – a sign of confidence that markets will continue climb. "
19659002] Currently the crypto market is mixed, Bitcoin dropped 1.74% at $ 5,174, according to Coin360. Ethereum rose 1.25% to $ 155.61, and the RFA increased 0.52% to $ 0.2950.
Technical analysts are breaking short and long-term trends in light of the recent pullback.
NewsBTC – Bitcoin price shows signs of weakness
CoinDesk – 2015 resistance to Bitcoin price reappears
CryptoGool – Bears must break the 50-day SMA to further lower the price
Captain Altcoin – The current level is at a critical line of defense
FXStreet – XRP / USD Stocks Down Under $ 0.30  NewsBTC – At Spot Rates, XRP Under Pressure
Crypto Daily ] – LTC / USD must fight during a climb with the range of $ 72.16
CoinClarity indicator shows normal retracement for Litecoin Complete  Stellar, EOS, Bitcoin Cash, Tron, Cardano
NewsBTC – Possible Comeback for Bitcoin Cash, XLM, EOS, TRX
Cointelegraph – Institutions Wanted: BTC, ETH, XRP, BCH, LTC, EOS, BNB, XLM, ADA, TRX
Visit us at Telegram
Follow us on Twitter