Fear and Greed DCA Backtest

The calculator uses each day's Alternative.me Crypto Fear and Greed Index value and Bitcoin closing price. When a strategy triggers, the selected amount is invested at that day's close. The current portfolio value uses the latest available Bitcoin price in the historical dataset.

You can read today's score and the full history on the crypto fear and greed index page, or compare the results here with a plain schedule in the Bitcoin DCA calculator.

• Buy only in fear: invest a fixed amount on every day the index is below your threshold. You may skip long stretches of the market, so you can finish with less Bitcoin than regular DCA.
• Regular DCA: invest the same amount on a fixed schedule, whatever the mood. This is the baseline the other strategies are measured against.
• Sentiment-weighted DCA: invest more when fear is high and less when greed is high. It keeps you buying through the whole period while leaning into weakness.

Compare ROI and average buy price, not only the final value. A strategy that invests less money can have a higher ROI and still leave you with a smaller portfolio.

• Extreme Fear (0-24): heavy selling and panic.
• Fear (25-44): caution and weak confidence.
• Neutral (45-55): no strong lean either way.
• Greed (56-74): optimism and rising risk appetite.
• Extreme Greed (75-100): euphoria and FOMO.

See what happened to Bitcoin after each zone in the What Happened Next table. You can also look at notable days such as the COVID-19 crash and the FTX collapse.

Backtests are useful for studying how a rule behaved in the past, but they do not predict future returns. They also exclude trading fees, taxes, slippage and execution differences. The index only goes back to 2018, so any result is based on a small number of market cycles.

Sentiment data is for information only and is not financial advice. For profit and ROI maths on a single trade, use the crypto profit calculator.