🌙 Beware the Bearmoon: Bitcoin's Rising Wedge Signals $56-57k 📈 Bitcoin has recently exhibited a rising wedge pattern on the 4-hour chart, indicating a potential correction in the near term. This pattern is characterized by converging trendlines forming higher highs and higher lows, signaling a weakening momentum and a potential reversal. 🔍
💲 As of the time of writing, Bitcoin is trading at $68,200, and based on the formation of the rising wedge, a measured move suggests a correction towards the $56,000 to $57,000 range. This projection is derived by measuring the widest part of the wedge and extending it downwards from the breakout point. 📉
🌙 Furthermore, tomorrow marks a new moon, which historically has shown a correlation with downward price action in the cryptocurrency markets, colloquially referred to as "bearmoon." This phenomenon is often attributed to a combination of factors including options expirations and human psychology, leading to increased selling pressure and market volatility. 🐻
📊 Adding to the confluence of indicators, daily indicators also support the notion of a correction towards the projected range. Combining technical analysis with lunar cycle patterns and other indicators strengthens the case for a potential downward movement in Bitcoin's price. 📉
💼 Traders and investors should monitor price action closely, keeping in mind the identified levels and factors influencing market sentiment. Risk management strategies should be implemented to mitigate potential losses in the event of adverse price movements.🛡️
Newmoon
(Chart-Art) The Ballad of Bearmoon: Bitcoin's Tale in Verse 🌑🐻(Chart-Art)
In the land of Bitcoin, a tale unfolds,
Where charts are painted, in red and cold. 🎨❄️
With bearish patterns, they do declare,
The top is in, beware, beware! 🚩🐻
A blood moon rises, casting its spell,
As bears and bulls in their struggle dwell. 🌑🐂📈🐻
Goblin Town looms, a place of dread,
Where downtrends lead, and hope has fled. 💀💔
The bears, they roar with teeth so sharp,
Driving prices down, to the dark. 🐻📉🌌
But the bulls, they stand, with hearts aflame,
Seeking to reclaim, their rightful claim. 🐂🔥📈
Yet amidst the chaos, one must be wise,
For markets are fickle, with treacherous skies. 🤔💼
Though the bearmoon reigns, and charts turn red,
With caution and cunning, one can tread. 🌑🚶♂️💡
So heed this tale of Bitcoin's plight,
In the realm of crypto, where day turns night. 🌃🌑
For in the dance of bears and bulls,
Lies the art of trading, where wisdom pulls. 📉🎨🤲🐂🐻
AUDUSD Weekly Forecast >>> Correction on New MoonAUDUSD potentially going up to 0.72140 on Internal Retracement 0.786, and retest the Exponential Moving Average 162 (green line), after make a turning point on last New Moon .
Sell potential on 0.72140 >>> wait for confirmation trade using Stop Order,
with Stop Loss above 0.72380 and Price Target around 0.70210,
Time Geometry Forecast
Price will be hit December 19th on Full Moon - December 21th on Sun Ingress .
If Price don't make turning point or any sell signal around entry level, then wait on 0.7300 on yellow line for Short Selling with the same target price and Stop Loss 50 pips above entry level, price may make turning point on full moon and sun ingress period , either peak or trough
FX:AUDUSD
AUDUSD Alternative Scenario : Double DirectionToday is Full Moon >>> High Probability for AUDUSD to make turning point between November 19th untill 21th
61% AUDUSD will Bullish to reach the next target 0.76400
39% AUDUSD will Bearish to reach the next target 0.70700
Wait for Price Action to make a decision, market now likely wants to end it's flag pattern and perform a strong bearish trend if the flag pattern has been broken out with an impulsive red candle
Market can also make a false break on the lower trend line in the flag pattern, can develop a huge bullish movement until next New Moon
Strong Classic Support and Resistance had placed in the chart using a yellow horizontal line, where the market mostly respect to those level
Fibonacci Leve l has been plotted to the chart to make it easier to understand
0.786 is the most important level and will be our moment of truth what is the next price direction
1.272 External retracement is our next target for either bullish or bearish scenario
$NKN/USDT: Moon Trading & Technical AnalysisAs we can see, this token has been performing excellently. And now it has been forming a triangle pattern from which we can see two potential targets: TP2 which is a projection of the highest side of the triangle and it is when started to be formed, and then we have TP1 which is a projection of the smaller constitutive part of the triangle. We only need to wait till the 4H candlestick breaks above the upper triangle line which is acting as resistance. Sit back, relax, enjoy your weekend and leave some alerts.
Also you can check the fundamentals of this token which are great and extremely bullish! Never invest in something you don't understand my friend. And remember this is not financial advice, just my opinion.
Let me know your thoughts on the comments below!
Have a fantastic day and may we see great profits from this token!
AUDUSD Forecast : Prepare for a Strong Bullish TrendAUDUSD now has break the Falling Wedge Pattern after completely finish the 5th Wave of Elliot Wave , like I publish before...
Start today on New Moon 5 November 2021, and will end the strong trend probably on 14 November 2021 if we calculate the date using square of nine from the history pivot , and maybe on the day between 19 November until 21 November 2021 on Full Moon that make a cluster with Sun Ingress.
Consider from Financial Astrology on planetary harmonic cycle, this week is Mercury Retrograde that will make XAUUSD on a bullish trend with probability more than 75%, and we know that AUDUSD has a positive correlation with Gold Market, because Australia has an effect to build a trend in Gold Market.
From Technical Analysis , I see that a big major Falling Wedge has been retested, and form a minor falling wedge that has been break by a bullish movement. 0.75627 can be our target price, but we must also consider that in weekly time frame, AUDUSD already break a bearish chart pattern.
Disclaimer on, no holy grail or nearly perfect set up, follow the market, do stop and reverse if it's needed. My forecast have a win rate about 81%
Follow me on Instagram @jaysen.xav
$BEL/USDT: Moon Trading & Technical Analysis$BEL is looking really good in the 1H timeframe and recently their official Twitter account has been sharing their involvement on the Metaverse and NFT, proving their Bella Virtuoso permissionless LP strategy platform with Tuner Simulator for Uniswap v3 buil-in. Bella's solution is decentralized, automated and optimized and it will add automatic execution bots to apply the strategies and non-custodial, smart-contract-based fund-managament to provide security.
I think we can take a nice 15% of profits on this one in SPOT.
What do you think of this setup?
Remember, this is not financial advice, but for educational purposes only. Always do your own diligent research.
$AXS/USDT: Moon Trading & Technical AnalysisWe are slowly approaching to the New Moon in Scorpio and $AXS looks like wants to go higher... I would wait for one more 1D candlestick before taking a decision, but be careful, lately one or two days after the New Moon prices are going crazy in either direction.
This is not financial advice but for educational purposes only. Always do your own diligent research.
$CVC/USDT: Moon Trading & Technical AnalysisCivic is looking really great for a long position. I am already holding a lot of this token and I am super bullish for the next week and half (till the Scorpio New Moon) when I trust prices will skyrocket! However, nobody can predict the future of the market and any attempt to do it is just a personal and subjetive opinion.
This is not financial advice but for educational purposes only! Always do your own diligent research!
$COSMOS/USDT: Moon Trading & Technical AnalysisI am seeing a potential great setup on ATOM once we have a clear pullback from this pump. Make sure the RSI is below 20 level or as close to that level as possible before you go long!
Not financial advice but for educational purposes only! Always do you own diligent research!
$CVC/USDT: Moon Trading &Technical AnalysisCivic is looking very nice with several potential scenarios as we can see on the 1D chart. We are not having volume enough (above the average), but the sideways has been too long and we are between Full and New Moon, so let's see what happens. Personally, I find a great potential on this token.
Not financial advice, but for educational purposes only. Always do you own research.
$LINA/USDT: Moon Trading & Technical AnalysisLina is looking very good for a long position, more considering that the extremely bullish pattern is between a Full and New Moon, a period where prices usually skyrocket. RSI is below 20 level and the blue line is crossing the red. What do you think?
This is not financial advice, but for educational purposes only. Always do your own research.
$BTC/USD: Moon Trading & Technical AnalysisAs we can see, Bitcoin has to overcome two more supports on the Fibonacci retracement before truly and strongly going to higher scenarios. The current daily candlestick is breaking down with a massive volume over the average which means the big players and whales are involved in this particular price. The market doesn't want the price to go higher just yet. There is a little bit of manipulation as well as a psychological response from the overal market to the new ATH.
I don't advice to go long unless you are buying in the area below 20 level on the RSI. At least, in my trading plan this always works.
Once the RSI is on below 20 and Bitcoin is rejecting the Fibonacci retracement's supports, I am going long very hard.
Not financial advice, but for educational purposes only, always do your own diligent research.
Peace! Be safe and profitable!
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%
$CVC/USD: Moon Trading & Technical AnalysisAccording to my indicators that you can see in the chart, and based on the nice Cup & Handle pattern that $CVC is drawing in the weekly chart, we could be seeing a potential growth of a beautiful +150% between the Scorpio New Moon (re-born from the ashes, like the Fenix) and the Taurus Full Moon. I would keep a close eye on what the price is doing near the Full Moon on the 20th of October. Once RSI, MACD and any other indicator you may use is showing a "buy signal", make sure you don't lose it. This hidden gems coins usually explode between Full Moon and New Moon, and drop hard (as we have been seeing) between New Moon and Full Moon.
If you are already in profits, you could take profits now and re-enter in a long leveraged position (x3) around the Full Moon.
This is not financial advice, but for educational purposes only. Make sure you always do your own diligent research.
May you have an amazing, blessed and profitable week Moon Trading family!
$SHIB/USDT: Moon Trading & Technical AnalysisWhat Is SHIBA INU (SHIB)?
Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.
According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.
Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
On Sept. 17, 2021, Coinbase, the largest US-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.
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Now that you know what actually this token is and from where it came, we can truly do an analysis of the price. My personal opinion is that any token which doesn't belong to a blockchain that is in fact giving a long-lasting use case impacting our way of living or thinking in terms of economics, social interactions, banking system, technology, and so and forth, it is then a risky investment.
Why? Because at some point, more and more tokens based on great use cases will appear in the crypto market and the hedge funds and financial institutions will jump on them. Who cares about hedge funds and financial institutions? Well, they are the source of what in the market is called "smart money", meaning they are naturally, due to their influence and extremely deep connections within companies and goverments, aware of the potential of these solidly empowered tokens and they know before anyone else what that particular blockchain will be providing and to which companies will be connecting.
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We have around 8 days till the Full Moon of October where the prices usually drop significantly. Before that, we could see the price testing the 3565 resistance and from then re-visiting the 2055 support. From there, all the indicators show that they price only is going up, up, up! And more considering the big players coming to this token. You could like this or be against trading this token, but one this is true, people is making a lot of money out of it, specially since the token was listed on Coinbase, a very "careful when choosing" exchange of cryptocurrencies.
I would keep a very small portion of my portfolio on this token taking a long leveraged position, with perhaps 3x closer to the Full Moon, the 20th of October. I would suggest also to keep a close eye on BTC Dominance chart, because the higher that number is, the harder for altcoins to raise.
This is not financial advise but for educational purposes only. Always do your own diligent research.
May you have a beautiful and profitable beginning of the weak!