bitcoin 49K retest and bounce 11 and 12 septemberOn 12 September Mercury reaches the same place in the sky where He turned retrograde and caused the initial drop to 49K for bitcoin.
As I mention in my BITCOIN BTC 2024 PREDICTIONS book, on 12 September bitcoin starts climbing, due to the kendra positions of Moon and Mars; and of Sun and Jupiter respectively in the sky.
I See the most likely scenario being that bitcoin drops to 49K and bounces upwards from there on 11th and 12th September.
BINANCE:BTCUSDT
May This Galaxy Bless All.
Mercury
PLATINUM, WHAT IS IT AND WHY THE HECK WOULD I WANT THIS METALWhat is Platinum?
Platinum is a chemical element with the symbol Pt and atomic number 78. It belongs to the noble metals group, which also includes palladium, rhodium, iridium, osmium, and ruthenium. Platinum is characterized by its high density, malleability, ductility, and resistance to corrosion. These unique properties make it an invaluable material for various industrial applications.
Where is Platinum Found?
While platinum is relatively scarce, it is not as rare as some other precious metals. The majority of the world's platinum supply comes from two main sources: primary production and recycling. South Africa is the leading producer of platinum, contributing significantly to the global supply. Russia, Zimbabwe, and Canada also have substantial platinum deposits.
Platinum is often found alongside other minerals, such as nickel and copper, in ore deposits known as platinum group elements (PGE). Extracting platinum from these ores involves complex processes that require advanced mining and refining technologies.
Why Would You Want Platinum?
Jewelry and Luxury Goods:
Platinum's brilliant white sheen and resistance to tarnish make it a popular choice for crafting high-end jewelry. Platinum jewelry is not only exquisite but also durable, making it an ideal choice for engagement rings, wedding bands, and other fine accessories.
Catalytic Converters:
The automotive industry extensively uses platinum in catalytic converters, where it plays a crucial role in reducing harmful emissions from vehicles. Its catalytic properties make it an essential component in promoting cleaner air and environmental sustainability.
Electronics and Industry:
Platinum is a key player in various industrial applications, including electronics, due to its excellent conductivity and resistance to corrosion. It is used in the production of electrical contacts, laboratory equipment, and in the manufacturing of glass.
Investment and Financial Markets:
Platinum, like gold and silver, is considered a precious metal and is actively traded in financial markets. Some investors choose to include platinum in their portfolios as a hedge against inflation and economic uncertainties.
Platinum mining is a challenging and complex process. Extracting platinum from the Earth involves several intricate steps, and the scarcity of platinum deposits adds to the difficulty of mining this precious metal. Here is an overview of the key challenges associated with platinum mining:
Ore Extraction:
Platinum is often found in combination with other metals, forming platinum group elements (PGE) deposits. Extracting platinum from these ores requires advanced mining techniques. The ores are typically low in concentration, making the extraction process more intricate than that of more abundant metals.
Depth of Deposits:
Many platinum deposits are located deep underground, which adds to the complexity and cost of mining. Deep-level mining requires specialized equipment and poses safety challenges for miners. In some cases, mines may extend kilometers below the Earth's surface.
Energy Intensity:
The extraction and refining of platinum involve energy-intensive processes. The high temperatures required for smelting and refining contribute to the overall energy consumption of platinum mining operations.
Environmental Impact:
Mining operations, especially in ecologically sensitive areas, can have significant environmental impacts. Platinum mining may result in habitat disruption, soil erosion, and water pollution. Sustainable mining practices and environmental regulations are essential to mitigate these effects.
Labor Intensity:
Mining platinum is a labor-intensive process that requires skilled workers. The complexity of the operations, coupled with safety considerations in deep-level mining, makes it essential to have trained personnel.
Market Volatility:
The platinum market is subject to price fluctuations, influenced by factors such as supply and demand dynamics, economic conditions, and geopolitical events. This volatility can impact the profitability of mining operations and investment decisions in the platinum industry.
Technological Challenges:
The extraction and processing of platinum ores require advanced technologies. Developing and implementing efficient and environmentally responsible mining technologies is an ongoing challenge for the industry.
Despite these challenges, the demand for platinum in various industries, such as jewelry, automotive, and electronics, continues to drive the exploration and extraction of new platinum sources. Innovations in mining technologies and sustainable practices are being explored to address the difficulties associated with platinum mining and ensure its responsible and ethical extraction.
THE TECHNICALS
Sharp downtrend, weak, although down, it is a support trend.
Two strong (one stronger than the other) support trends, IF UNDER, THEN BUY is probably the rule for those.
It looks like there is some downside to come, which has been showing.
The ideal price targets are thicker, and basically mean, under perfect conditions, I'd exit and enter at these levels, however, nothing is ever perfect.
AS far as what the technicals say for price, I'd say there is a good chance it can maintain $800, however, there is a possible dip showing, which takes price down to $700. Again, these are both under or at major trends, and we can say that if price gets to these levels, I have a better than average chance at profit. AND if I'm wrong, I'm backed up by multiple support lines, which means less time in the red.
Other scenario is where the bullish momentum keeps moving up at we head up to 1200 or so before hitting that huge dip. However, I tend to see this as the less likely option.
RSI is showing the dip, along with various other indicators as coming in the short term and being backed up with support and buying in the longer term, this doesn't include a black swan event, which would theoretically take the price way down, and rocket to all time highs, as platinum will likely hold value.
Good luck!!
Personal opinion, I'm bullish long term from a fundamental side and technical side.
BTC/USD Gematria, Dump, Twitter, PumpAs u can see, all twitter posts was before the market movements.
Check gematria for ORANGUTAN, GORILLA, SCORPION and ONE SIX.
Also u should know the language of numbers.
Follow my twitter and lets begin the GAME
A STRANGE GAME.
THE ONLY WINNING MOVE IS
NOT TO PLAY.
HOW ABOUT NICE GAME?)
🅱️ Bitcoin's Connection To The Stars In Retrospect! (₿)We looked mainly at three planetary alignments to see how these would affect Bitcoin and find out if they would support the bullish signals we were getting from the charts. (November to early December 2022)
We wanted to know specifically if the planets were pointing to a recovery/higher prices in 2023. Bitcoin's growth potential.
The planets we looked at were mainly Jupiter, Uranus and Mars.
Mercury also but it goes retrograde quite frequently and so we give it less importance.
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Disclaimer: Before we start, please allow me to say that I am in no way knowledgable about astronomy and the planetary/solar system, nor do I have any significant amount of knowledge or experience regarding astrology nor any topic whatsoever for that matter, I am a complete novice at everything and always open to learning. I am sharing what I see, intended always 100% for your own entertainment, some learning is possible by taking and leaving...
Take what you like, leave what you don't like.
Now, I don't mind using every tool available at my disposal in order to get a wider perspective and any signal needs to be read together with other signals and the whole market. Taking signals in isolation can lead to mistakes.
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Let's continue...
As these celestial bodies station to move backwards, what is called a "retrograde", we expect the markets to react in a similar way. Not only the Cryptocurrency and financial markets but all aspects of life start to reflect the energies these planets are emanating/releasing/emitting.
Backward motion, retrograde, all their qualities and characteristics we feel in the same way.
As these same celestial bodies station to move forward, direct, we expect forward motion to resume.
These planets go through very long cycles and when a phase changes the effects are not felt instantly, it can take several weeks or months for the full effect to take place.
For example, Mars goes retrograde only once every 2 years for about 3 months. Once it goes forward, it can take weeks before these energies are fully revealed/expressed in our day to day life.
Jupiter which is the planet of expansion, abundance, luck, wealth, growth, etc. went direct and later entered Aries Dec 20, 2022.
Mars went direct Jan 12, 2023.
Uranus went direct Jan 22, 2023.
Mercury ended its retrograde Jan 18, 2023 but Mercury goes retrograde 3 times per year, so this is a common occurrence and so less important compared to the other bigger planets.
Bitcoin Connection To The Stars, Looking Back!
In relation to Bitcoin, we can see how by December 20 Bitcoin printed its first strong green candle after the 14-Dec. peak.
19-Dec. marked a higher low compared to 21-Nov. and Bitcoin has been growing since. It takes time for these energies to develop and so we see Bitcoin slowly rising and finally speeding up after Jupiter entered Aries Dec. 20, 2022.
12-Jan. marked the strongest bullish session in more than 2 months, Mars goes direct and Bitcoin starts gaining in bullish momentum. Mars is the action planet, as Mars stations direct the action starts, everything gets to move forward. This is clearly reflected in Bitcoin's price.
18-Jan. marked the end of the mini consolidation phase and also Mercury's retrograde.
22-Jan. Uranus goes direct and all the stars are now aligned for everything to move forward...
Jupiter was still going through its post-shadow phase and this ended exactly on guess what date? 14-Feb., yesterday... As this phase ends and now Jupiter is 100% forward/direct, Bitcoin breaks up, Cryptocurrency breaks up and the doors are open for new highs all across the board.
All the stars are now moving forward until late April 2023.
What does this means for us technical analysts and traders?
Regardless of the fake signals that sometimes come up on the charts...
Regardless of the doubt that creeps in when the action stops...
Regardless of the FUD and bad news bear markets tend to create...
The stars are telling us to move forward...
We have very strong confirmation of this fact based on the price action of all the pairs that we trade.
Bitcoin, Cryptocurrency and the Stock Market is moving together with the stars.
Bitcoin stations direct!
Namaste.
Mercury Rainbow Zodiac Ethereum Chart 𓃭 ♥ 𓆃
I spent 20 hours creating my Mars Rainbow Bitcoin Zodiac chart (previous posts) and with just a click of a bottom, this amazing new indicator "planetary signs" created by @nasserhumood reveals this vibratory ecstatic planetary symphony with ease and grace.
𓃭 ♥ 𓆃
Mercury Heliocentric transits.
Mercury Speed And Pattern EthereumAs you can see when Mercury speed accelerates, it has recently lead to longer down trends (when the horizontal lines are closer together).
Now we are at the point where Mercury is slowing (expanding) again - as well as entering its uptrend "pattern". We are still in an overall bearish longer term multitide of cycles until 2024, but I would not be suprised to see the price rise into the first week of May.
From the Lunar eclipse towards the end of May looks sketchy.
Ethereum's flow through geocentric Mercury + local dynamic sq9This chart is automatically done to show Ethereum and Geocentric Mercury at $10/° planetary lines. We are also displaying the 180° harmonic of these planetary lines. Both appear to have strong influence on Ethereum geometrically and I will the final decision on that to you!
We are also showing how the retrograde, often time, results in a well-contained impulsive price action.
We added two dynamic square of 9 levels, one starting from the local low ( in orange ) and the other from the recent ATH ( in green ).
The intersection between time and price of these dynamic square of 9 levels at 360° is something that can also be targeted giving you time and price components to trade off of or build your idea are.
Geocentric Mercury
We have 3 upcoming Gann Seasonal Dates -2 in Nov. and 1 in Dec 22nd.- These dates may form minor to major trend changes.
ETH intersects mercury in these red boxes above, and it can be clearly seen to provide support when it holds. This is not going to be a deep analysis so feel free to form your own conclusions. but I think ETH has a pretty tight invalidation. it's also important to pay attention to the current price action as it may form a double top, a solid R can be found lower or after the breakout and confirmation above the ATH. It is going to be tricky to swing with a solid R.
The Gann dynamic square of 9 is anchored to the low, and everything in this chart is set to $10/degree for reference.
This is a personal view/opinion and you shouldn't trade it without doing your own research and work. This is published for entertainment purposes. ( I have to say this )
Bitcoin and the Infamous Mercury RetrogradeMost 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 I'd like to think I'm a level above wasting anyone's time.
Data. Numbers. Math. Patterns. Time. Theory... I love em all.
This analysis will focus on a period of time that generally happens 3 but sometimes 4 times a year and it has to do with the planet Mercury.
Very quickly, Mercury Retrograde is simply when Mercury passes Earth on its way around the Sun. Because Mercury has an inner track and can complete an orbit in around 88 days, there will be times when Mercury cruises right by Earth. From our view on Earth, it would almost appear as if Mercury is moving backwards.
Don’t take my word for it, look it up yourself if you’re interested but they say that Mercury Retrograde leads to a lot of negative action, specifically regarding expression, communication, technology and other misfortunes including financial disruptions.
It should be said that there are also two weeks before Retrograde and two weeks after Retrograde, give or take, and these are Shadow periods. I’m not going into detail about those as this intro is already far too long.
So, what better way to see what type of affect Mercury Retrograde has on trading Bitcoin then looking at the chart, plotting the retrograde periods and taking a few simple measurements?
I started with 2016 as this should give us enough data to get started with. 2016 had 4 Periods but the last one started in 2016 and ended in 2017.
2016:
January 5 – January 25, 2016
April 28 – May 22, 2016
August 30 – September 22, 2016
Dec 19 2016 – Jan 8, 2017
Below you will see a chart with the 4 periods and their relevant data. This data includes the amount of days, the % gain or lost and the equivalent dollar value of that gain or loss.
2017:
Dec 19, 2016 to Jan 8, 2017
April 9 – May 3, 2017
August 12 – Sept 5, 2017
December 3 – December 22, 2017
Below you will see a chart with the 4 periods and their relevant data. This data includes the amount of days, the % gain or lost and the equivalent dollar value of that gain or loss.
2018:
March 22 – April 15, 2018
July 26 – August 18, 2018
November 16 – December 6
Below you will see a chart with the 3 periods and their relevant data. This data includes the amount of days, the % gain or lost and the equivalent dollar value of that gain or loss.
2019:
March 5 – 28, 2019
July 7 – 31, 2019
October 31 – November 20, 2019
Below you will see a chart with the 3 periods and their relevant data. This data includes the amount of days, the % gain or lost and the equivalent dollar value of that gain or loss.
So, obviously we got some results that seem to be all over the place. A 28% Gain in 2017 but a 38% loss in 2018.
Surely we can find a way to make more sense out of this. Yes, we will add a moving average and then see if we make gains while in up-trending markets and losses while in downtrending markets to give confluence to the idea that maybe Mercury Retrograde goes with the trend.
Below you will see a 200 Simple Moving Average on the Daily chart for overall trend Bias.
Price above the 200 = Uptrend
Price below the 200 = Downtrend
The idea here was to see if the Mercury Retrograde followed the overall trend. As we can see, it's not perfect. We can see trend following more often then it doesn't but no concrete conclusion can be derived from the 200 DMA.
The last one is Neutral because Retrograde starts above the 200 DMA and ends Below the 200 DMA.
This was the longest part of the thesis. I tried a few dozen indicators to see if there was any type of “signal” prior to the Retrograde that could give a good leading indication. Unfortunately, from the Aroon to the Whadda I just could not find something that was 100%. It always came down to the two in 2016 and that rise in 2019. And I really tried a lot. MACD, OBV, MFI, RSI, Stoch, Ichi, even faster MA/EMAs, a few oddball indicators, momentum, etc…
But then it dawned on me. Retrograde. Moon Phases. Huh… Let’s See
New Moon in the Cycle:
2016:
January 5 – January 25, 2016 - Down
April 28 – May 22, 2016 - Down
August 30 – September 22, 2016 - Up
Dec 19 2016 – Jan 8, 2017 - Up
2017:
Dec 19, 2016 to Jan 8, 2017 - REPEAT
April 9 – May 3, 2017 - Up
August 12 – Sept 5, 2017 - Up
December 3 – December 22, 2017 - Up
2018:
March 22 – April 15, 2018 – No New Moon = DOWN
July 26 – August 18, 2018 - Down
November 16 – December 6 – No New Moon = DOWN
2019:
March 5 – 28, 2019 - Up
July 7 – 31, 2019 – No New Moon = DOWN
October 31 – November 20, 2019 – No New Moon = DOWN
So, this is pretty interesting. Not perfect but interesting. When there is No New Moon Present in the Retrograde Cycle - Price ALWAYS declines.
When there is a New Moon present we get 6 up and 3 down. Need to investigate further.
Full Moon in the Cycle:
2016:
January 5 – January 25, 2016 - Down
April 28 – May 22, 2016 - Down
August 30 – September 22, 2016 - Up
Dec 19 2016 – Jan 8, 2017 – No Full Moon = UP
2017:
Dec 19, 2016 to Jan 8, 2017 - REPEAT
April 9 – May 3, 2017 – Up
August 12 – Sept 5, 2017 - No Full Moon = UP
December 3 – December 22, 2017 - Up
2018:
March 22 – April 15, 2018 - Down
July 26 – August 18, 2018 - Down
November 16 – December 6 - Down
2019:
March 5 – 28, 2019 - Up
July 7 – 31, 2019 - Down
October 31 – November 20, 2019 - Down
Another very interesting piece of information.
When No FULL MOON is present in the cycle, Price goes up.
In the presence of a Full Moon, price declined 7 to 4. Again, not really great findings here. The more interesting is definitely the lack of presence from a Full Moon.
Both a New and a Full Moon in the Cycle:
2016:
January 5 – January 25, 2016 - Down
April 28 – May 22, 2016 - Down
August 30 – September 22, 2016 - Up
Dec 19 2016 – Jan 8, 2017 – No Full Moon = UP
2017:
Dec 19, 2016 to Jan 8, 2017 - REPEAT
April 9 – May 3, 2017 – Up
August 12 – Sept 5, 2017 - No Full Moon = UP
December 3 – December 22, 2017 - Up
2018:
March 22 – April 15, 2018 – No New Moon = DOWN
July 26 – August 18, 2018 - Down
November 16 – December 6 – No New Moon = DOWN
2019:
March 5 – 28, 2019 - Up
July 7 – 31, 2019 – No New Moon = DOWN
October 31 – November 20, 2019 – No New Moon = DOWN
When we have both a New Moon and a Full Moon, the results are just about Random. 4 Up and 3 Down. I even checked the placement of which moon came first but again, nothing consistent from the 7 Cycles left to look at.
Here is what we do have.
No New Moon = Price goes down 4 for 4 Cycles
No Full Moon = Price goes up 2 for 2 Cycles
The presence of Both a New Moon and Full Moon = Random 4 Up and 3 Down
The question then becomes, what does this Cycle have or better yet… Not Have.
And therein lies an unforeseen problem. There is a New Moon and on the very last day of the cycle, there is a Full Moon.
Now, depending on where you are in the world, will the Full Moon count when the trading ends on March 9th, 2020 at 00:00 UTC? I suppose that is up to you to decide. If it was a New Moon only, then 2 out of 2 times in the past we had price go up.
Just to really jab the knife in a little deeper… The Full Moon on March 9th, the last day of the upcoming Mercury Retrograde cycle, is a SUPER FULL MOON. It’s considered a SUPERMOON when it is at its closest to EARTH so it will look Bigger and Brighter. There will only be one other Super Full Moon in 2020 it will be April 7th.
Stats:
2016:
January 5 – January 25, 2016
20 Days
-8.60%
Loss of $37.10
April 28 – May 22, 2016
24 Days
-191%
Loss of $8.50
August 30 – September 22, 2016
23 Days
3.75%
Gain of $21.50
Dec 19 2016 – Jan 8, 2017
20 Days
15.87%
Gain of $125.60
2017:
Dec 19, 2016 to Jan 8, 2017
---Same as above---
April 9 – May 3, 2017
24 Days
28.00%
Gain of $331.10
August 12 – Sept 5, 2017
24 Days
21.65%
Gain of $794.40
December 3 – December 22, 2017
19 Days
27.27%
Gain of $2973.10
2018:
March 22 – April 15, 2018
24 Days
-5.81%
Loss of $515.70
July 26 – August 18, 2018
23 Days
-21.61%
Loss of $1764.70
November 16 – December 6
20 Days
-38.37%
Loss of $2139.00
2019:
March 5 – 28, 2019
23 Days
8.48%
Gain of $313.80
July 7 – 31, 2019
24 Days
-10.18%
Loss of $1144.10
October 31 – November 20, 2019
20 Days
-11.79%
Loss of $1080.80
Total UP = 6 Periods
Total Down = 7 Periods
Average Gain when up = 17.50%
Average Loss when down = -14.03%
MER-PERP (get MAX SHORT) Positionit looks like the measures are starting to deflate, I think the fall will reach 0.15$, you can go short with the maximum leverage.
I closed all deals on it at a small loss. I think the short will fight off the losses.
Mercury's speed at 0.98 or 1.98 marks trend energy transitionsA Financial Astrology Research member "Ashok" recently suggested that based on George Bayer financial astrologer rules, the points where Mercury's in Geocentric longitude speed is 59 minutes (0.98 in decimal) or 1 degree 58 minutes (1.98 in decimal) seems to indicate major tops or bottoms in market prices. I felt curious about this rule so have extended our Mercury speed indicator to mark those points and plotted vertical lines to clearly validate if the rule has real predictive value. You can see in the chart that locating this points give us an intense planet energy transitions points in BTCUSD. Is really impressive how this speed points narrow down an important trend energy transitions which can be used to locate good trading opportunities.
However, once this rule is confirmed that works the question is: Why this speed values are important for determining the trend energy transitions? I'm researching to figure out why this is important, any hints will be appreciated. Thanks!
Is clear that last BTCUSD trend transition have occurred very close to this points so the expectation is that next major top will be reached at the next speed mark.
DISCLAIMER: This idea don’t provide financial or investment advice and the main purpose is to document the research observations within financial astrology field. Any allocation of funds following the documented machine learning model prediction is a high-risk endeavour and it’s the users responsibility to practice healthy risk management according to your situation.
2021Saturn & Mercury Retrograde Trading Patterns - Slow RecoveryWe recently entered a Saturn Retrograde Sunday 23rd May 2021, and Mercury goes Retrograde 29th this month. So I wanted to take a look at how 2020 price action was affected by these scenarios playing out last year to see if we can learn from the past and prepare ourselves.
Jeroen Van Lange of Blockchain Today does a lot of mercury retrograde studies and said that in a bear market he notices the price action dips a little when we go into a retrograde. But in a bull market price action is often is a continuation of price action to the upside. If we are to learn something from this present-day retrograde, we'd need to determine if we're in a bull or bear market.
My sense of it is that should be break above $40K and stay above it by the end of the weekend, then mercury retrograde this weekend may give us a stimulus in upward price action. However, this Mercury retrograde comes during a Saturn Retrograde with is "retarded speed" as a theme.
In 2020 you will see price action during the yellow sticks was a little sideways and slower to recover from the "event" dump of February. However, toward the end of the retrograde period we saw a Bart Simpson pump and dump landing just a little bit above the price of where we were at beginning of the retrograde period. All in all a slow climb up.
If you're expecting a fast recovery of the bitcoin price after our recent dump, we might just see 3 more weeks of a slow and steady recovery with some dips along the way. We shall wait and see. Saturn goes progressive 10th of October this year. You'll see in this chart the Mercury retrograde patterns for 2020 green lines. Price action was down as we went into retrograde pre Halving technically at the end of the bear market. Howeer as we entered the bull run post halving mercury retrograde had a rally.
moving into Mercury and Venus + gap fill + important datesThis chart shows Mercury and Venus planetary lines and how price reacted to both of their harmonics so far ( opposition 180 degrees )
It also shows the Mercury box set at opening price.
A touch at the 1.618 down, a move up into the gap is to be expected keeping all geometry and dynamic Gann planetary lines in mind.
Another dip coming March 5? - Mercury retrograde analysisThis analysis correlates the apparent retrograde motion of Mercury to the cycle we've been in since the end of January. All times are given for the west coast United States. Add 8 hours for UTC.
It all started as Mercury stopped its forward motion to go retrograde at 8pm January 30. Prices flattened out for 2 days in a very narrow range. Then exactly 2 days after Mercury went retrograde, prices started rising sharply.
The average pattern during Mercury retrograde was about 5 days of upward trend followed by 2 days of sharp downward trend. The length of the upward trends shortened by about a half-day each time.
Just as Mercury resumed forward motion on February 20 there was a very sharp dip with a half-hearted attempt at recovery before the plummet down.
The 5-day rise and 2-day fall trend accelerated and reversed. It only took 3+ days for prices to fall from ATH to near bottom and then a 1-day rally attempt failed, leading to a 4+ day plunge to lower lows. The bottom was the same support level that was in effect when Mercury went retrograde.
For the last 3.5 days we've been in another upward trend. If this pattern continues, I expect another pretty sharp drop in another day or so, followed by a very steep climb from the bottom.
This will finish off the inverted head and shoulders pattern and return us to previous highs. With such a steep climb, there will likely be another small correction about 5-6 days after the dip. If the pattern continues that'll last for 2 days and then we can continue the climb upward.
March 13 is the last day of Mercury retrograde shadow period so after that Mercury will be moving forward through a new part of the sky and this pattern may not apply.
Because of this unknown, I am cautious about the March 13 date. The lows we experienced a few days ago were the support levels before Mercury retrograde inflated all of the prices so there is a chance of another giant correction. But my gut says that the bears are done for a while and everyone is ready to climb to new highs.
The chart is color coded. Orange for Mercury retrograde and direct. Green for highs and upward trends, red for lows and downward trends. You can hover over the markers for more exact information.
The planet Mercury influenced the sharp rise and fall of cryptoJust a couple weeks ago, I was reading an article on Medium by Coin Monks about how the planet Mercury going retrograde has dramatically affected the cryptocurrency market in the past. Mercury retrograde is a 3-4 week event that happens 3 times a year in which Mercury appears to be moving backward from the perspective of the Earth. We are just leaving one of these periods.
In several examples from 2017 and 2019, the author shows how prices started climbing sharply in the 3-day "shadow phase" of Mercury retrograde.
Then as soon as Mercury appeared to be moving forward again, prices plummeted back down to support levels that were the resistance levels just before the shadow phase of Mercury retrograde began.
This is exactly what happened in this last month. You can see each of the Mercury phases by hovering over the markers on the chart.