Astro Crypto: Summer Bitcoin Slump Could Bring Bountiful Fall Harvest
21 Settembre 2021 - 10:00PM
NEWSBTC
The stars are older than all of us, and older than history itself.
Yet bring up astrology with the Bitcoin crowd, and for the most
part the response is skepticism or even mockery. Both the study and
the cryptocurrency itself share several similarities, such as a
mathematical foundation, cyclical behaviors, and unusual financial
applications. If you are the type to believe, or are just curious,
a notable full moon is passing, leading into the autumnal equinox
tomorrow. How might this seasonal shift impact the cryptocurrency
market trend, and how does math apply to what many believe to be
pure myth? September Harvest Moon Could Bring Bounty For Hard
Summer Work Planets all revolve around the sun. Their position at
the time each person is born and there forth is believed to instill
certain influences at distinct moments. Depending on the rotation
and layout of the planets, it can have all kinds of seasonal
impacts. The Farmer’s Almanac uses such cycles to predict how much
snow each winter holds, for example. Certain conjunctions are said
to bring about famine, drought, or worse. For example, historians
believe that a a triple conjunction of Saturn, Jupiter and Mars
caused the Black Death plague. Related Reading | Interview: Crypto
Damus On Successfully Combining Bitcoin TA With Financial Astrology
The late WD Gann used planetary influences along with math to
predict tops and bottoms with “legendary” precision. He taught no
one his tricks, but left all kinds of bizarre mathematical tools
behind that few know how to take advantage of. So how does this all
impact Bitcoin? The Harvest full moon hasn't appeared on the chart
yet its so fresh | Source: BTCUSD on TradingView.com The new moon
and full moon chart alone shows significant correlation with
Bitcoin price action. Just last night as BTC plunged near $40,000,
the full Harvest moon and last full moon of the summer was passing.
The moon was named for the fact that farmers used the moon’s light
to work late into the night on annual harvests ahead of colder
months. It has been a long, arduous summer for crypto holders, but
this moon could be a sign that its time to reap the fruit of one’s
labors as the autumn equinox hits. Could The Fall And Golden Ratio
Be The Key To The Next Bitcoin Peak? The equinox signals change is
coming. Change in the season; change in the way humans behave based
on those seasons. Seasonality in finance is real, hence the phrase
“sell in May, and go away.” The opposite idea is called the
Halloween Effect, where investors buy up assets big time to sell
around the holidays when enthusiasm is highest. Seasonality and
equinoxes don’t always work with the first ever cryptocurrency, but
when combined with the power of the Harvest full moon and other
favorable mathematical positioning, there is a recipe for something
special. After holding above the golden ratio, the final leg up
comes in the autumn | Source: BTCUSD on TradingView.com Each final
leg up in each Bitcoin bull run has begun at the autumnal equinox,
driving to new all-time highs until the winter equinox arrives.
Since fall arrives each year, but the same effect doesn’t occur,
the necessary ingredient for liftoff is a pullback to the golden
ratio. Related Reading | Mercury in Retrograde: Why Bitcoin Traders
Fear The Astrological Event Bitcoin price has always retraced back
to the golden ratio, before blasting off to the end of the cycle.
Below it has never been filled no matter the cycle. If the same
scenario plays out, anyone that has survived the summer’s bearish
heat, will have a very happy holiday season. To be fully clear,
everything written here is pure conjecture based on correlation and
past cycles and performance. These aren’t a guarantee of future
results. But when the math adds up and Fibonacci is everywhere in
nature, why wouldn’t the sum of the full moon, autumnal equinox,
and Bitcoin be something very interesting. In closing, we’ll leave
you with the JP Morgan quote: Millionaires don’t use Astrology,
billionaires do. Follow @TonySpilotroBTC on Twitter or via the
TonyTradesBTC Telegram. Content is educational and should not
be considered investment advice. Featured image from
iStockPhoto, Charts from TradingView.com
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