I'm not going to do a chart analysis this time because I scrolled through the indicators and found a really interesting one. It's called "Moon Phases'' .
It made me curious because I didn't know it, so I did some research on the net, but I can't find anything interesting. Do any of you operate with this strategy? How does it work?
Most people don't know this about me, (and 100% won't care) but I love astrology. The stars, the unknown, the mystery, all shrouded in darkness. I have questions and nobody has the answers. Probably part of the allure, I'd imagine.
I also love Technical Analysis. I don't consider myself amazing by any stretch but...
You can research about moon phase trading on google, here i tried to find btc correlation and for me it works. make your own decicions.
When the last full moon failed btc price didnt nuked down, and we are about to see a new new moon after a failed full moon.
Before you read this TA please note this comes with the disclaimer that I am totally testing a theory here and it might turn out to be utter rubbish but hey, we’ll soon find out either way!
I’ve decided to combine my two loves of trading and astrology to see if I can find a correlation with moon cycles and price action. Now, I know this is already a thing and...
I have outllined 3 scenarios.
First, there is the green line where we break up out of this triangle and retest the dotted trendline. This would likely be sparked by bullish news about staking. There was this article that came out yesterday where we are finally given an estimate of staking which is rather sooner than most anticipated....
Very likely we'll see 4.27, as it is a measure move of the bull flag, and the 1.618.
4.20 is also resistance though- wick of day after ATH.
Eyes set on 3.79 for re-entry/ adding to position.
Little resistance on wave 5, likely to surpass ATH.
If it goes above the 1.618 without a retracement, could go straight to $4.50-$5.
Funding ends in 1h, could see some profit...
Chainlink is going somewhere, if I were you, I'd go all in.
This is not financial advice.
Look at the chart, bullish divergence, many important fib levels and EMAs been taken out. Price action looking more and more bullish by the hour.
Check the other time frames by yourself. Or just buy chainlink, you don't even need to look at the chart to know this is going...
one way too look the chart it's time for long, would reach the long target on 12 november target it's 1500
"lunatic" comes from the Roman moon goddess "Luna"
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The moon is now over 50% illuminated and as stated in my previous analysis, I took profit at 10,900 and have now entered a short trade. I don't plan on closing it until approximately the 14th (date of the upcoming full moon). I see a clear rejection on the daily BTC/USD chart forming and I believe this sequential 1 will be the first of many in the days to come....
This last new moon was a super moon and it's effects are becoming obvious, however a full moon is on the rise on the 14th so I don't think this rally will last past that date.
There is further upside to be had, my target is towards the top of the triangle (10,800 to 11k range). This could be over the next week and no later than the 11th in my opinion. If that...
A new moon is on the rise and I am expecting the price to follow (roughly 4 - 5 % increase).
Also noteworthy, Bitcoin has been in a big descending triangle , however I don't expect it to break out one way or another until mid September at the soonest.