Update on the [fear index](https://alternative.me/crypto/fear-and-greed-index/): 54
Heard of this phrase before?
>Buy when everyone is selling, and sell when everyone is buying
If you scroll down to the “Crypto Fear & Greed Index Over Time” graph and set it to 1 Year, you’ll see a nice correlation between the most fearful sentiment and the bottom of the dip!
[Every time it dips below 50, it usually is a red day](https://preview.redd.it/pk0h4gmwtbp61.jpg?width=1227&format=pjpg&auto=webp&s=32f9a3291b3a45ce5d0c6a16f753422304a47724)
Notice how the sentiment can flip very suddenly as well from below 50 to 70? This just shows how quickly the sentiment in the crypto space can turn. If your objective is to see long term gains, then these dips should be seen as opportunitities. Also, the same for going from 90 down to below 50 – in a matter of days as seen at the end of August 2020.
[Marked three spots: September, January and March.](https://preview.redd.it/6biiuo90ubp61.jpg?width=1206&format=pjpg&auto=webp&s=9307ddcdb85eb1ac5103793458630613dc3e0bef)
There’s a lot more TA out there, but for the noobie like me learning about trends and TA, I thought to share this with you folks. Get the cash handy, I’ll be sure to buy this dip after the Options sell pressure is off.