cyberalchemy

BTC to $39k by mid-January, then to $70k in 3 weeks?

KUCOIN:BTCUSDT   Bitcoin / Tether
I use astrological indicators so if that's not your speed, this one isn't for you...


Mercury Retrograde - January 14, 2022

The Mercury retrograde cycle often has a huge impact on BTC . The 3 weeks before Mercury goes retrograde are often marked by falling prices, with the bottom coming in about the time Mercury goes retrograde. There is usually an initial drop with a few weeks of sideways action before the second drop.

Mercury goes retrograde January 14 so we are now within that several week period and we've already seen falling prices.


Full Moon - January 17, 2022

Over 80% of the time, the full moon coincides with the local price bottom and the new moon coincides with the local top (+- 2-3 days). The full moon is January 17th, which is a Monday and also MLK Day in the USA. I would expect to see the local bottom with a few days of January 17th.


Analysis

I think the current downward trend will continue another 2-3 weeks until around the weekend of January 14th. Dropping to around $39k will complete the head and shoulders pattern that started July 21, 2021.

After that I think we'll see a strong rebound...maybe even up 80% to $70k during the 3 weeks of the Mercury retrograde period. Last year we had about a 90% pump during the first Mercury retrograde of the year.


Jupiter in Pisces - December 28, 2021 WARNING!

This is the one astrological factor that may screw up the strong rebound in mid-January. Jupiter in Aquarius was very strong for BTC most of 2021. But Jupiter slipped into Pisces for almost 3 months during 2021 from May 13 to July 28. I think this is what caused the 50% price drop at the end of spring . If we don’t see a good rebound in the third week of January, Jupiter in Pisces may be putting a damper on things like it did for the May 30, 2021 Mercury retrograde. There is even the possibility of a repeat of the 50% drop we experienced the second half of May 2021, perhaps falling to $29k. I don’t anticipate this, but it’s worth keeping in mind.



This is not financial advice...just some astrological indicators to use in your own trading.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.