Using the lunar cycles, the ebb and flow of market sentiment... we can use this to plot bitcoins oscillations.
Funnily enough when mercury went into retrograde, price hit the bottom, we now have super tight Bollinger bands and mercury about to move into direct, could this signal a down turn ? Maybe, but also maybe not.
If the down moon and mercury...
Look at this high demand! This is obviously a bottom at $450 and new strong support to stay above $500.
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UPDATE: The price went up to $534 since I created this chart at $511
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Carefully adjusted fibchannel and timefibs.
Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments)
0.618 - 0.764 time fibs mark a potential breakout area.
Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways.
So moon rally likely to start in august.
Check this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th...
Annotations on the chart. Due to the fact that such triangles often breakout after 75% - 80% completion, the 0.764 fib seems to fit great. Also the month of July will then mark the beginning of a new cycle with a rally up to 6000 (10 times the value before rally starts, so around 600)
Crypto traders are always going on about the moon, so I've added lunar cycles over the price chart. Results were interesting. Price pivots at 420 in December and April coming very close to Full moons along with the beginning of this current up wave. We're at the critical 640 area, big resistance showing the first real challenge for the bulls. Wave indicator...
I hope i don't come off as someone who believes in BS esoteric stuff,
but...
It's incredible how the moon seems to affect the price of bitcoin (and probably other assets too!)
anyways my main observation in this chart is how the full moon coincides with the ichimoku cloud going up.
While I'm not sure what it means, I will definitely be looking out :)
Link...
Fellow traders, in my last chart, I accurately predicted the recent rises several days before they came about with the use of the Weekly Stochastic.
When I looked at our current position to see our progress, I compared the current weekly level with that of the past two trends.
From this level of stochastic in the previous trend, we had a 2126% increase and then...
![BTCUSD: [ SIDEWAYS ] - Fibchannel + Timefibs](https://s3.tradingview.com/j/JxbyuYhA_mid.png "[ SIDEWAYS ] - Fibchannel + Timefibs")
