Indicator of fear and greed (important )

Indicator of fear and greed

It went down 4 times before, below the 10 level, as is clear from the stocks on the chart

It's the fifth time

Twice of them, the price made a final bottom, the bottom of 3200 and the bottom of 3800 (the second and fourth arrow from the north).

And twice, the price made a rebound after them and came back down again (first and third arrows)

Twice the final bottom was the fear indicator preferably in the lower regions and then rises

As for the two rebounds, the fear indicator quickly bounced back up with the price

If we apply what happened to the current situation

It remains if the indicator stays below and then goes up, the price will make a bottom and we will not see these prices again

Which is logical, because at the bottom, fear remains more prevalent for a longer period, with concern of falling more

If this movement happened regardless, what would the price of Bitcoin be?

Then we will have a pattern similar to the previous bottoms

The information was transferred to the Secretariat from Steve’s video on YouTube and was explained with the summary for the benefit

@Tareq