MoonTrader
Long

Moon phases and double top/bottoms

BITSTAMP:BTCUSD   Bitcoin / Dollar
103 0 0
It's a little messy, but this is what I'm seeing right now. The moon phases, along with other lunar phenomena, give some pretty good clues as to what the price will do in the coming months. I have drawn the overall moon phase trends as well as levels where I believe short-term double taps of support/resistance levels served as reliable short-term entry/exit points. If acted on in the past month and a half, I just recently saw another double bottom at 610, but failed to recognize it at the time. Lesson learned.

Although my long term trend lines are apparently a myth, I believe a new trend line will be established (we can't grow exponentially forever) just like it was before the Gox bubble and we will see new highs by the end of August.

If a trader with just 10BTC had used these double tops/bottoms as indicators, this would have yielded ~2.5BTC which now equals over $1100 profit. Granted, hindsight is always 20/20, but considering where these double tops/bottoms occurred, it should have been apparent that, absent emotion, these would have been good trades.

If this helps you or you like my work, please consider a small donation:

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Cheers.
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