MoonTrader
Long

Time for a "big picture" correction?

BITSTAMP:BTCUSD   Bitcoin / Dollar
371 5 4
Bitcoin has been declining steadily for almost 2 weeks. How long can the bears last?

Still no major crash and increasing volume . Next full moon is Aug. 11, which is a likely bullish signal, but I believe the price will begin moving before then, followed by a stronger bull move at the time.

In the meantime, we may experience one more leg down via the bearish channel I drew, which is still in effect. This market has to decide whether it wants to go full bear or return to bull , and I don't believe it will be able to move past strong support at 550-560.

Input and donations are always welcome:

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Cheers.
KSK
2 years ago
Hi, I looked at your ideas, and found you like to use the lunar cycles as a part of your predictions. I'm interested to understand how the moon affects markets?
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MoonTrader KSK
2 years ago
Hi, thanks for asking. Lunar cycles, like any other indicator, aren't guaranteed to work, but they have been quite effective. They are based on the idea of astrology, which is, admittedly, unpopular. The idea, however, isn't to make a trading horoscope, which are implausibly detailed and specific, but to help mark points at which a trend change might occur.

It works particularly in markets that are emotion-driven and seems to be a better indicator in commodities than in stocks. Since there seems to be a lot of emotion at this point, I think the lunar cycles over the last few months have been rather good indicators, as you can see by my chart. There are also other planetary aspects and positions that you can watch for, Trend changes tend to be strongest on days when there are many planetary phenomena occurring at the same time. I keep track of mostly moon phases, lunar declination (the angle the moon is to the earth's equator), and apogee/perigee (how close/far away the moon is to/from the earth).

I am sorry I forgot the name of the book I learned this from, but here's a good article on the matter.

http://www.cnbc.com/id/43671378#.

Take care and follow me if you like my ideas :)
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MoonTrader MoonTrader
2 years ago
Also, be aware that changes don't have to occur on the exact day, but usually are strongest within 2 days of the actual event.
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KSK MoonTrader
2 years ago
Thanks, an intresting angle to look at things in the market
+1 Reply
energizer KSK
2 years ago
Indeed. Just take a look at the moon phase when every bubble ended. You will be surprised how precisely it hits the top at the new moon. There were some inaccuracies on the previous bubble making it to form double top. The idea is when the market is full of motion it is highly driven by emotions, and here comes the Moon. When the market is gliding it is not so obvious, but still usefull.

And I couldn't mention the fact that Moon is one of the stranges space object in our Solar system.
+1 Reply
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