This is just a visual aid to discern if there's any correlation with the hypothesis that Full moon is Bearish and New Moon is Bullish: 1.The Growing Moon is RED to represent downward pull from a Full Moon. 2.The Waning Moon is GREEN to represent upward price push to a New Moon.
The green line is just the 200 day weekly ema that bitcoin has never had a close below. Using Heiken Ashi candles to help see the trend more clearly. And obviously I'm just using the (MP) Moon Phases Indicator. ~~~ So far I think people are more irrational and emotional in Full Moon energy. So it can magnify news one way or the other....
This could all be BS but I feel like it deserves more attention because there are obvious key price shifts at moon phase changes such as the 20K peak of 2017 bull market as one of the most obvious examples...
What have you concluded about the moons effects on the market? Please share your thoughts!
it's not as woo woo as people think. It is known that moon and weather shifts affect psych/behavior. Just ask the cops or 911 operators if they see a correlation with crime increase during full moons. I think most will say absolutely. Impulsive buying and FUD spikes probably weaved in with many other cyclical metrics.