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Greed is back, but not every green candle deserves your money
The daily take
Greed is back, but not every green candle deserves your money.
Bestie, Fear and Greed is at 71 now. That is a hotter tape than the last pack. BTC is green. ETH is green. So yes, the market is trying to risk-on again.
But the clean read is selective confirmation. ZEC is up 6.42% today and 41.3% on the week. SOL is up 5.82% with $3.557B in volume. HYPE is up 3.54% with $1.204B in volume. Those are actual receipts.
Here is the filter, mija: RAIN is still down 3.5% today while up 24.9% weekly, and XRP is still red today too. In Greed, I do not chase laggards pretending to be leaders. I want daily strength, weekly strength, and volume.
Follow for crypto reads with receipts, not vibes.
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