#MarketGreedRising
Trends: Monitor Google search trends related to Bitcoin, reflecting investor interest. Search spikes often coincide with market volatility.
Surveys: Weekly surveys capture the direct sentiment of investors, which influences the index score.
Index Interpretation
The index ranges from 0 (extreme fear) to 100 (extreme greed). High values may indicate an overbought market, while low values could indicate oversold conditions, presenting potential buying opportunities.
Using the Index
Investors use the index to guide their strategies. High scores might prompt caution or selling, while low scores could indicate a good time to buy.
Limitations
While useful, the index is based solely on sentiment and lacks technical or fundamental analysis. It should be used in conjunction with other tools for a comprehensive market assessment.