Fear & Greed explained
The Fear & Greed Automation buys Bitcoin when market sentiment drops to a level you define as fearful. It's based on the Bitcoin Fear & Greed Index, a daily measure of market mood.
How is the Fear & Greed Index calculated?
The index scores market sentiment on a scale from 0 to 100, using inputs like volatility, market volume, and social media trends. A score of 0 indicates extreme fear; a score of 100 indicates extreme greed.
Why buy during fear?
Historically, periods of fear in the Bitcoin market have often coincided with lower prices. Buying systematically during these periods can be a disciplined way to accumulate over time.
How do I customise it?
You set a threshold and a purchase amount:
Threshold: Set a Fear & Greed level between 0 and 50. The automation triggers when the index drops to or below your chosen level.
Purchase amount: Choose an AUD amount to buy each time it triggers. Funds are reserved from your AmberApp AUD wallet.
Is there a limit to how often it can trigger?
The automation checks once daily. It executes one buy order per day when the index meets your threshold and you have sufficient funds reserved.