BTC: Lunar Phases & Ichimoku Cloud

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I hope i don't come off as someone who believes in BS esoteric stuff,


It's incredible how the moon seems to affect the price of bitcoin             (and probably other assets too!)

anyways my main observation in this chart is how the full moon coincides with the ichimoku cloud going up.

While I'm not sure what it means, I will definitely be looking out :)

Link to the study ->
I enjoyed this study. The ancient people, Jews and many tribes understand that there is a time and a season. Thanks for the info
+1 Reply
Correlation does not mean causation - there are many famous examples, like women's hemlines and stock prices (shorter correlates with higher ;)), or immigrants in US developing more heart problems the moment they start to speak English at home. But most likely it is not speaking English which is so harmful to our hearts ;), but all these cheeseburgers.
-1 Reply
samuel16 Asterix
Please try harder. I know saying "correlation does not equal causation" is fun and smart sounding, but it is not entirely appropriate in this case.

First off I am not implying causation. (implying implied implications)

Secondly, If you would at least read the abstract (page 1) & the introduction (starting on page 2) of the study I linked to in my chart, you would see I that I am not basing this solely on correlation.

from the last paragraph on page 2
"A large body of research in psychology has documented a link between depression, anxiety, altered moods, and unusually high levels of geomagnetic activity."

now you might ask "but what does that have to do with the moon? It isn't electromagnetic" and you'd be partially wrong in thinking that!

In this discussion thread on the interaction of the moon and the earth's magnetotail

"...That further implicates a major influence on the Earth's fragile Ionosphere-Surface equilibrium! At the times at Full Moon the Earth's biosphere undergoes major changes likewise."

The moon and the earth are electrically contected and as is (somewhat) widely known, an electric current creates a magnetic field.
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