Bitcoin Astrology TA
Here's a little astrology information I've been researching as of recent, I've never actually applied these ideas to trading. I've always been an astrology nerd, and I will say there is a lot more to it than most people think. So this will be pretty general. Most of this information is based off the movements of the planet Mercury. Why Mercury? Because Mercury was the Roman god of commerce and financial gain, it's one of the fastest moving planets, and I've seen the most correlation with Mercury and the markets.
We have officially started Mercury Retrograde on Jun 18 and it will continue until July 12. Mercury retrograde usually results in bearish or volatile markets, depending on the sign it's in and the aspects it's making with other planets. Mercury has been in the sign of Cancer since May 28. Cancer is a water sign. and Mercury doesn't really like to be in water signs. Ive seen the most bearish action with Mercury is in water signs, especially when it's in retrograde. In the past Mercury transit Cancer typically resulted in a drop, sideways action with a increase, or sideways action with increase to a drop. Much like the movements we've had recently. On June 10th Mercury began a trine aspect with Neptune and it will last until June 27. Mercury aspecting with Neptune in the past has mostly resulted in bearish trends or large drops, which actually happened right around June 10. One other thing to look out for is the Solar Eclipse on June 21, Solar eclipses typically result in bullish action, so that may be a bullish day.
As for the chart comparison. What you see is a chart from a Mercury retrograde in July 2019 which looks pretty similar to what we have going on now. A prime example of retrograde, which means to go back to a position or time. It may play out in a similar way. If we don't break 9100, two levels to look out for a bounce to could be 9600, then 9750. But I'm feeling pretty bearish personally.
Aspect- In astrology, an aspect is an angle the planets make to each other
Transit- The term transits refers to the ongoing movement of the planets through various degrees and zodiac signs
"Millionaires don't use astrology billionaires do" J.P. Morgan
We have officially started Mercury Retrograde on Jun 18 and it will continue until July 12. Mercury retrograde usually results in bearish or volatile markets, depending on the sign it's in and the aspects it's making with other planets. Mercury has been in the sign of Cancer since May 28. Cancer is a water sign. and Mercury doesn't really like to be in water signs. Ive seen the most bearish action with Mercury is in water signs, especially when it's in retrograde. In the past Mercury transit Cancer typically resulted in a drop, sideways action with a increase, or sideways action with increase to a drop. Much like the movements we've had recently. On June 10th Mercury began a trine aspect with Neptune and it will last until June 27. Mercury aspecting with Neptune in the past has mostly resulted in bearish trends or large drops, which actually happened right around June 10. One other thing to look out for is the Solar Eclipse on June 21, Solar eclipses typically result in bullish action, so that may be a bullish day.
As for the chart comparison. What you see is a chart from a Mercury retrograde in July 2019 which looks pretty similar to what we have going on now. A prime example of retrograde, which means to go back to a position or time. It may play out in a similar way. If we don't break 9100, two levels to look out for a bounce to could be 9600, then 9750. But I'm feeling pretty bearish personally.
Aspect- In astrology, an aspect is an angle the planets make to each other
Transit- The term transits refers to the ongoing movement of the planets through various degrees and zodiac signs
"Millionaires don't use astrology billionaires do" J.P. Morgan
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