2021Saturn & Mercury Retrograde Trading Patterns - Slow Recovery
We 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.
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.
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