After the drama of Bitfinex and Tether, the Crypto Fear and Greed Index is now in the area of fear.
The Alternative.me index, created by the developers and creators of Strawpoll.com and Thundercheck.org, analyzes market volatility, surveys and social networks to determine the current general sentiment of cryptography operators. The current 42 mark means that investors are concerned that there is a further fall in the price of Bitcoin on the horizon.
The index applies the famous advice of Warren Buffet that suggests that the merchants should have "fear when others are greedy and greedy when others are afraid".
According to the site,
- Extreme fear It can be a sign that investors are too worried. That could be a purchase opportunity
- When investors are receiving Very greedy, that means that the market is due to a correction
Cryptographic dealers in general are reacting to news about the allegations of Bitfinex and Tether, with Bitcoinist contributor and analyst Filb Filb telling his 13,000 Twitter followers that he has moved to Fiat.
I've been to fiat.
Reasonable to assume that people will leave Finex, will exchange USDT -> USD = risk to the downside.
Happy to get an offer below or a sustained break to the upside in USD.
Hopefully, all FUDs, except the name of the game, are protected gains. pic.twitter.com/gt18MGqdLd
– fil₿fil₿ (@filbfilb) April 26, 2019
The encrypted merchant and investor Josh Rager tells his 31,000 followers on Twitter that he believes the Bitfinex situation will leave the market intact.
To calm the nerves, I really do not see the situation of Bitfinex ruining the market in the short term
Yes $ BTC falls to $ 4200 or less, I will continue to be a safe buyer to invest
I would love to extend / buy Bitcoin between $ 4 and $ 500 to $ 6200 and $ 6400 before another fall
– Josh Rager ? (@Josh_Rager) April 26, 2019
Cryptography analyst Willy Woo, who bought his first Bitcoin in 2013, tells his 91,000 followers on Twitter to remember how the markets recovered after the aftermath of Mt. Gox
It's good for the ecosystem that the shit is shaken. In the short term there is FUD. I do not think this next bullish race will be significantly affected.
Do you remember Mt Gox? 5% of all stolen coins, + 90% of the volume was marketed there, it was at heights of the price of mania, it took only 13 months to detoxify
– Willy Woo (@woonomic) April 27, 2019
Meanwhile, YouTube's most popular cryptographic analyst, DataDash, says it is recommended to see if Bitcoin can have more than $ 5,000.
"If we are really able to stay here for the third time, this would be pretty safe, this has been one of the most bearish news, as we will see in a moment, that we have seen in all 2019. If this is not enough to push Bitcoin beyond this range, or to push Bitcoin below $ 5,000 and Market cap [of all cryptocurrencies] below the $ 168 billion range, that will be a triple bottom, a sign of confidence for markets to move up. "
At this time, the market for cryptographic products is mixed, with Bitcoin 1.74% to $ 5,174, according to Coin360. Ethereum rose 1.25% to $ 155.61, and XRP rose 0.52% to $ 0.2950.
Technical analysts are analyzing short and long-term trends in light of the recent setback.
NewsBTC – The price of bitcoin shows signs of weakness.
Currency currency – Resist resistance to the price of Bitcoin 2015
CryptoGlobe – The bears have to break the 50-day SMA to continue lowering the price
Captain Altcoin – The current level is in a line of critical defense.
FXStreet – The XRP / USD bears take the price below $ 0.30
NewsBTC – At spot rates, XRP is under pressure.
Crypto Daily – LTC / USD will have to deal with the area of $ 72.16 during a higher movement
CoinClarity – The indicator shows normal recoil for Litecoin complete
Stellar, EOS, Bitcoin Cash, Tron, Cardano
NewsBTC – Possible return for Bitcoin Cash, XLM, EOS, TRX
Cointelegraph – Institutions sought: BTC, ETH, XRP, BCH, LTC, EOS, BNB, XLM, ADA, TRX
Join us on Telegram
Follow us on Twitter
Check out the latest headlines