Lunar_eclipse
SPY - Lunar Cycle LunacyTo be clear: I have zero tolerance for anything in the lines of financial astrology bullshit , magic 8 ball readings, or other hullabaloo.
This is simply a chart for my own viewing and the education of others on the lunar cycles matched with the market from 2018 to the present day. Red is the full moon, a "bottom" and green is the new moon, a "top", following the seemingly arbitrary guidelines of www.theidiotandthemoon.com a website that I was linked to through DM.
Every O is when the guidelines proved profitable, and X is when the guidelines proved a failure. The success rate for the guideline is 68%, and the failures almost never grouped cases - meaning until this lunacy begins to be correct again, you should assume it won't be. The power of the moon unsurprisingly can't beat pervading trends. Currently, it should not be "working" as it miserably failed in the last cycle. God (or maybe the "old gods") knows when it will ever be. The followers have told me this is due to the recent "super blood wolf moon", and that's why today's market is on such a downturn. Mindblowing.
If I had the spare time, I would map out the rest of all of time, just to prove that this is no better than chance in the long run. If you trade purely on the basis of moon cycles, you're an absolute idiot.
Whatever you decide to this with this information is up to you - I'd personally laugh, find it humorous at best, and toss it out alongside any other arbitrary indicators retail investors swear by.
Lunar Events, FUD, pop events and BTCI was curious as to whether the waxing (growing) or waning (declining) of the moon had any effect on the markets. So I'm marking the full and new moons. not really observing anything to definitively report.. Then I remembered we just had a total lunar eclipse! (1/31/18). I remember being bombarded by FUD that day and have accumulated crypto news articles along the way and that time stood out. I read an article where Bloomberg actually researched if eclipse events affected the market. Traditionally, eclipses are ominous events. Bloomberg said they found no correlation. ...Now, if Bloomberg did find significant data to support that then would they actually release it? All that doesn't really matter because I want to compile the data and see for myself.
I made this chart a day after Elon Musk launched his rocket. I'm new to Trading View and just figured out I'm able to publish/share my charts. So please, if anyone has any insight, ideas or whatever then I'm all ears! :)
Also, whenever there's a total lunar eclipse, there's a partial solar eclipse that's nearby.
The next total lunar eclipse dates are:
July 27-28th, 2018
Jan 21, 2019
Partial Solar eclipse dates:
Jul 13th, 2018
Aug 11th, 2018
Jan 5-6th, 2019
BTC Channel Upward Breakout Prediction Looks like around the FUll Moon Lunar Eclipese on the 31st things will turn around.