Bitcoin Following the Moon Phases
I've recently been looking into how Bitcoin tends to follow the moon cycles, which also tie in with 56-60day bitcoin cycles for local bottoms.
You can see that BTC is playing ball with positive price momentum to todays full moon 6th October. I've drawn on the full moon today, the next new moon on 20th October and full moon 4th November.
After the next couple of days the positive price action is likely to cool off and we could see a fake out/sideways action to the 20th October. After that the final week of October should see Bitcoin surge to the ATH area and make new ATH's up to the 4th November.
The bitcoin market has had an interesting correlation to the moon phases in this bull cycle and is another interesting signal/forecast to tie into traditional technical analysis.
You can see that BTC is playing ball with positive price momentum to todays full moon 6th October. I've drawn on the full moon today, the next new moon on 20th October and full moon 4th November.
After the next couple of days the positive price action is likely to cool off and we could see a fake out/sideways action to the 20th October. After that the final week of October should see Bitcoin surge to the ATH area and make new ATH's up to the 4th November.
The bitcoin market has had an interesting correlation to the moon phases in this bull cycle and is another interesting signal/forecast to tie into traditional technical analysis.
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