What it is: The Crypto Social Sentiment Oscillator looks at several social metrics for both Bitcoin and Ethereum more deeply than a simple Fear and Greed Indicator, to produce a general market sentiment for cryptocurrency.
What it does: Social Sentiment tries to gain insight into the current retail opinion and mindset on the Crypto sector. Analyzing multiple social networks and the positive/negative posts and engagement throughout, we can establish a broad overview of the underlying emotion in reaction and anticipation of price movement.
How to use it: A value of 100 can indicate extreme market greed, with 0 indicating extreme fear. Generally, the more Greedy a market is, the more it is punished to the downside. The more Fearful a market is, the more it is surprised by the upside.