SOUNDS CRAZY, BUT Swing trading BTC with moon cycles works
A few months ago I made this chart for fun just to see if BTC follows any pattern based on the new moon (pink vertical lines) and full moon (blue vertical lines). To my great surprise there has been a trend and it is holding strong
-BTC typically peaks after the full moon into the new moon
-Almost every cycle, a few days after the new moon bitcoin drops about 20% and doesn't start recovering until after the full moon
With Elon Musk going on SNL this Saturday I think we'll see a big run up this weekend.
New moon is May 11th so expect a big sell off early next week!
I will probably sell Saturday night/Sunday morning and wait for the dump to buy back in!
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Also worth noting the riding the wave on the 20 day MA
BTCUSD
seems to work for BTC too!
-BTC typically peaks after the full moon into the new moon
-Almost every cycle, a few days after the new moon bitcoin drops about 20% and doesn't start recovering until after the full moon
With Elon Musk going on SNL this Saturday I think we'll see a big run up this weekend.
New moon is May 11th so expect a big sell off early next week!
I will probably sell Saturday night/Sunday morning and wait for the dump to buy back in!
--------
Also worth noting the riding the wave on the 20 day MA
BTCUSD
seems to work for BTC too!
Trade active:
Like clock work bitcoin crashed right around the new moon on May 12th!!
**please note I must have accidentally shifted the pink line over before publishing... new moon was on the 12th not the 10th***
Sold my position at 66.2K
Will be adding dips between now and the full moon on May 26th! Hopefully this crazy, but so far accurate moon chart hangs strong and we have another bitcoin run after the full moon!
**please note I must have accidentally shifted the pink line over before publishing... new moon was on the 12th not the 10th***
Sold my position at 66.2K
Will be adding dips between now and the full moon on May 26th! Hopefully this crazy, but so far accurate moon chart hangs strong and we have another bitcoin run after the full moon!