Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

This Overlooked Indicator Makes Bitcoin (BTC) Look Attractive at Current Levels: Crypto Analyst Benjamin Cowen

by Daily Hodl Staff
March 31, 2022
in Bitcoin

Widely followed crypto analyst Benjamin Cowen has his eye on an overlooked indicator that suggests Bitcoin (BTC) has significantly more upside potential soon.

In a new strategy session, Cowen tells his 722,000 YouTube subscribers about the Fear and Greed Index, which measures sentiment in the crypto markets.

Traditionally, traders will take a more bullish stance when the index is flashing maximum fear, and a cautious outlook when it points to greed.

Cowen breaks the index down with a 90-day simple moving average (SMA) to point out historic patterns. Based on his interpretations, the analyst says that once the 90-day SMA on the Fear and Greed Index dips below 30, BTC usually bottoms out and ignites rallies.

“What it does show, is that when the 90-day moving average is say, below 30… As long as you have the right outlook, as long you’re not thinking it has to go up tomorrow – because if you find yourself in some type of situation like let’s say 2018, it could still be a few months away – but historically speaking, when the 90-day moving average of the Fear and Greed Index is below 30, it tends to be a fairly attractive area to sort of move into the market.”

Source: Benjamin Cowen/YouTube

The closely tracked analyst says that historically, the herd typically gets the direction of the markets wrong, highlighting the utility of the index. He notes that for some time now, the index’s 90-day SMA has been below its key level.

“Overwhelmingly, it seems like most people just want to buy when the market is bullish, but really, if history is any indication, buying when the market is bearish seems to work out a lot better, because when you’re buying when the market is bearish, you’re buying when most people don’t want to, and typically the herd gets things wrong over a longer time frame.

So it would make sense in general if history is any indication to DCA [dollar cost average] Bitcoin when the market is bearish and wait for it to turn back bullish, which historically always has done…

Looking at the 90-day moving average, you can see that it’s actually been below that 30 threshold, essentially since mid-February, and we’re still below it, even now…

Again it is a lagging indicator so it’s not going to work out perfectly. If the price of Bitcoin were to come back own, I imagine the Fear and Greed Index could still hang out below 30 for a while.”

O
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Andrea Danti

Submit a Press Release

Industry Announcements

  • Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures
    May 17, 2022
  • SRG Studios Is Launching Their NFT Collection – The Cosmic Coffee Cups
    May 16, 2022
  • Anonymous Turns to CultDAO for Support Against Unjust Government Actions
    May 12, 2022
  • Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand
    May 12, 2022
  • Lina Valentina’s ‘No More’ NFT Collection Denounces Domestic Violence
    May 11, 2022
  • Cake DeFi Enters Into Esports With Competitive Gaming Platform FACEIT
    May 10, 2022
  • Introducing YUSE, the Ultimate Multi-Utility Token
    May 10, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$29,961.00
$29,961.00
2.36%
Ethereum
$2,034.59
$2,034.59
2.72%
BNB
$301.72
$301.72
2.03%
Cardano
$0.562757
$0.562757
3.99%
XRP
$0.429746
$0.429746
0.9%
Dogecoin
$0.089138
$0.089138
1.62%

Spotlight

  • Top Analyst Says Bitcoin (BTC) Fast Approaching Bear Market Bottom – But There’s a Catch
    May 11, 2022
  • Stablecoin Regulations Need To Allow Room for Failure, Says Crypto-Friendly SEC Commissioner Hester Peirce
    May 14, 2022
  • Former Goldman Sachs Executive Raoul Pal Says Bitcoin (BTC) Forming Massive Bullish Technical Pattern
    May 17, 2022
  • Cardano Founder Charles Hoskinson Says Fears of Crypto Market Collapse Overblown, Sets Timeframe for Recovery
    May 12, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl