We are coming down from a Full Moon on January 5th with a low of 272. Price has since dropped to a low of 179.05 during the Last Quarter of this Moon Phase. Next Phase is the New Moon which is January 20th.
It seems the Cycles from Full Moon to New Moon causes a reversal in price.
However, to take note, when the Moon Phases are particularly stretched wide apart, there is a very severe drop in price.
Comments
flibbr
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Got your moon cycle understanding broken here dude..
New moon on the 20th.... full moon on the 3rd of Feb... so we are in the 'full moon pump' time right now... and we are moving... from a new moon to a full moon.... and the full moon is down..
So we are moving... from and up moon... to a down moon... so the cycle from one to another.. the transition is down.
Nuseii
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Not understanding what you mean. The Full moon has been waning for the past 2 weeks leading into this New Moon. I see a price decline(obviously) from there.
With this New Moon it sets the trajectory for the next transition. Perhaps my wording on reversal is too succinct, but i agree with you and maybe you're not understanding?
Nuseii
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The downtrend after the Full Moon to me is readily apparent, and so is the coordination of the current "uptrend"(strong micro) with the New Moon arriving tomorrow.
Nuseii
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And i also agree that if the full moon's arrival in 2 weeks should kick things in gear for perhaps a nice bull run.
Nuseii
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Last comment before i go back to "regular TA", as i reference in the picture, the longer the distance between New Moon + Full Moon we seem to experience a catastrophic price drop...that's to consider to.
flibbr
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full moons = lows. Don't know why your saying full moon and bull run in the same sentance.
Nuseii
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Still trying to correlate it, but yeah i'll jump on TS later.
flibbr
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That sounds good.. we can have a 'moon off'.
Nuseii
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Need to add this here before i forget, but now i see what you mean. Full Moon shows the low, but that shit is down now, and i think New Moon is the signal for the reversal. I understand what you mean. Full Moon clearly in here denotes the particular lows. Will be referencing your chart and researching further.
New moon on the 20th.... full moon on the 3rd of Feb... so we are in the 'full moon pump' time right now... and we are moving... from a new moon to a full moon.... and the full moon is down..
So we are moving... from and up moon... to a down moon... so the cycle from one to another.. the transition is down.