These charts compare the two bear markets of Jun/Jul 21 and Dec/Jan 22.
Both bear markets coincide with a lunar and solar eclipse (arrows).
The 2021 bear market lasted roughly 3 times 30 days. The midpoint between the eclipses was also the midpoint of the bear market. Liftoff occurred 47 days afterwards.
In both cases we see a capitulation candle and a range afterwards. In 2021 price bounced off the channel median and then off the upper boundary before the rally.
Although the similarities are striking, we can’t derive a specific prediction from it, except the observation that eclipses appear to have a negative effect on the crypto market.
The next solar eclipse is on 30 Apr, and the lunar eclipse on 18 May.
Both bear markets coincide with a lunar and solar eclipse (arrows).
The 2021 bear market lasted roughly 3 times 30 days. The midpoint between the eclipses was also the midpoint of the bear market. Liftoff occurred 47 days afterwards.
In both cases we see a capitulation candle and a range afterwards. In 2021 price bounced off the channel median and then off the upper boundary before the rally.
Although the similarities are striking, we can’t derive a specific prediction from it, except the observation that eclipses appear to have a negative effect on the crypto market.
The next solar eclipse is on 30 Apr, and the lunar eclipse on 18 May.
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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.
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.