BTC Forming right shoulder of H&S...headed down to $15,600?BTC keeps getting denied at the centerline of the main downward channel. When the upward channel that's been in play since November 21 intersected with the main downward channel there was a steep breakdown. Now I believe we will finish out the H&S as drawn until we reach the bottom of the upward channel on Thursday. Then there will likely be another dump down to support at $15,600 which is also the 0.128 line that has been major support and resistance in the main downward channel.
I think this is really only the beginning of a massive dump until the end of the year. Mercury will be retrograde on December 28 and 6 out of 6 of the last times Mercury has gone retrograde, a major dump has taken place in the 2-3 weeks preceding the exact date of retrograde. We have entered this shadow period now so I think this is only the beginning of several weeks of bears in control. I think we'll see at least $12k before year's end.
Mercuryretrograde
GOLD goes to the moon via the“mercury retrograde”\route(BULLISH)currently gold is entering wave 4 which is an impulsive wave (subwave) forming wave 3 (or C if no motive wave is formed). next gold will uptrend to form the 5th wave. This analysis is also based on the Fibonacci ratios which you can see in my chart display. Some astrology traders take advantage of the "mercury rerograde" moment which indicates an uptrend will occur. and in fact trader astrology analysis fits in with Eliotician analysis. Besides this, if we look at the current world geopolitical conditions, to avoid losses, usually some big guys investors save their funds in gold as a save heaven. thus, we have at least 3 confirmations to decide to buy in the gold market.
BTC to 72K or 18K?Since mid-December BTC has been in a symmetrical triangle. It broke out on February 28 for 3 days as it tried to reach the 48K P1 yearly pivot point. It didn't quite hit 46K before dropping to the bottom of the symmetrical triangle again.
Now it looks about ready to make another try at a breakout. If successful, it will likely retest the 48K P1 pivot point. If bulls win, 48K will become support and then we'll hopefully see a huge pump and test the R1 pivot point at 68k and maybe even the top of the main channel at 72K.
It feels to me like we're seeing a similar pattern to July last year. Then as now we had a big drop from an ATH that even the usually-bullish Mercury Retrograde wasn't enough to turn around. Then as now, the big drop was followed by weeks of mostly sideways action and 2 touches of the bottom of the main channel.
Based on that pattern, I would usually say the chances of a nice bull run soon are high, but with the war and all it's not as easy a call. I still think we'll probably see a test of 48K, but after that I'm less certain if prices will rise further or maybe even drop as low as the yearly S1 support pivot point.
MERCURY RETROGRADE 1/14-2/3This retrograde starts in Aquarius and transitions into Capricorn - Air to earth transition.
Interesting price actions in past retrograde starts and finishes. have a look at my past Ideas for some random associative patterns.
This is astrology Dear Reader, so disregard this as advice.
This is not technical analysis.
Astrological charting indeed.
BTC to $39k by mid-January, then to $70k in 3 weeks?I use astrological indicators so if that's not your speed, this one isn't for you...
Mercury Retrograde - January 14, 2022
The Mercury retrograde cycle often has a huge impact on BTC. The 3 weeks before Mercury goes retrograde are often marked by falling prices, with the bottom coming in about the time Mercury goes retrograde. There is usually an initial drop with a few weeks of sideways action before the second drop.
Mercury goes retrograde January 14 so we are now within that several week period and we've already seen falling prices.
Full Moon - January 17, 2022
Over 80% of the time, the full moon coincides with the local price bottom and the new moon coincides with the local top (+- 2-3 days). The full moon is January 17th, which is a Monday and also MLK Day in the USA. I would expect to see the local bottom with a few days of January 17th.
Analysis
I think the current downward trend will continue another 2-3 weeks until around the weekend of January 14th. Dropping to around $39k will complete the head and shoulders pattern that started July 21, 2021.
After that I think we'll see a strong rebound...maybe even up 80% to $70k during the 3 weeks of the Mercury retrograde period. Last year we had about a 90% pump during the first Mercury retrograde of the year.
Jupiter in Pisces - December 28, 2021 WARNING!
This is the one astrological factor that may screw up the strong rebound in mid-January. Jupiter in Aquarius was very strong for BTC most of 2021. But Jupiter slipped into Pisces for almost 3 months during 2021 from May 13 to July 28. I think this is what caused the 50% price drop at the end of spring. If we don’t see a good rebound in the third week of January, Jupiter in Pisces may be putting a damper on things like it did for the May 30, 2021 Mercury retrograde. There is even the possibility of a repeat of the 50% drop we experienced the second half of May 2021, perhaps falling to $29k. I don’t anticipate this, but it’s worth keeping in mind.
This is not financial advice...just some astrological indicators to use in your own trading.
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
AUDUSD Nearly Reach The Strong Cluster >> BuyLong position (Buy) instead of short selling
AUDUSD now had drop till about 90 pips heading to the cluster area , as shown on the analysis chart above, price action shows that AUDUSD likely to end it's bearish trend and begin to build a strong bullish movement , once it's hit the cluster area.
Considering in the weekly time frame, we see AUDUSD is on a bearish trend now, and we were trading in a minor Bearish Flag Pattern on weekly, there's potential for AUDUSD to break the chart pattern and continue drop and build a very strong bearish movement .
We never side with one direction, there can be bullish or bearish, but we know bullish is the higher probability and be ready to stop and reverse, once price move otherwise and break the flag pattern to develop a strong bearish trend
Analysis as shown on the chart above, we calculate the price cluster area using fibonacci and time geometry to see when probably price will make a pivot point using square of nine , combine with geocosmic cycle and financial astrology to get more accurate prediction.
AUDUSD A Brief Look : Trapped in Flag PatternAUDUSD had fall and targeting a new harmonic support 0.786 at around 0.72540
Stop and Reverse Trader as I mention previously should hold till 14th November with Target Profit 0.72600 to secure profit
Arigatou Money In for trader who make a huge profit, after recovery from a 55 pips loss.
XAUUSD just make a strong bullish movement and instantly close the 1859.00 gap
AUDUSD should do something similar, prevent a Bullish Movement after touch the 0.786 Retracement forming XAB pattern
The lower trend line had been tested twice, there're probability for AUDUSD to break the Flag Pattern , forming a very strong Bearish Trend
But consider, it is just Mercury Retrograde period, which bring Gold into a bullish trend , and AU has a positive correlation with gold, higher probability for AUDUSD to retest the lower trend line and make a strong bullish momentum targeting to the 1.272 External Retracement
AUDUSD Forecast based on Fibonacci and Time TradingAUDUSD heading to the cluster area, forming an impulsive Elliot Wave bearish trend, and in the end of 3th Wave
This pair definitely 88 % will continue on a bearish movement till next cluster, and retest the Falling Wedge Pattern
And start to build a strong bullish momentum on New Moon 5th November 2021
Wait for Long Position on +/- 5th November and consider that will be a big bullish movement due to Mercury Retrograde Cycle
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.
TRX ready to dip sharply?I've looked at quite a few altcoins that have recently dipped down to the same level as January 30. I believe this is due to Mercury retrograde beginning that day and ending just before the sharp dip began. Now many of the altcoins that soared so high during the retrograde period have come back down to test the support levels that were in effect on January 30 at the start of the 3 week rally.
TRX hasn't done this yet. It is in a wedge that I think is getting ready to break sharply down and test support levels of 0.275. What do you think?
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.
Mercury Retrograde gaining influence now- 10/13 inbound Visible in this chart is the last retrograde and the growing influence of the current retrograde cycle. Compare the two. Transiting Mercury in retrograde is a regular cycle occurring three or four times a year for about 24 days. While this is more frequent than any other planet, Mercury is still only retrograde 19% of the time. This is far less than Jupiter outwards, but more than Venus and Mars.
The retrograde Mercury phase is just one part of the retrograde cycle. The whole cycle includes Mercury going direct, retrograde, and direct again over the same degrees, or the retrograde zone. The two direct phases are called the shadow periods. We are in a retrograde shadow period currently. This is by no means investment advice, it is simply useful as an illustration of something that a great deal of humanity irrationally "feels" affects their psychology and life across millennia and cultures. This is for fun and is not investment advice- Amor Fati fellow traders!
MERCURY RETROGRADE/BTC INCOMING 06/02/2020-07/26/2020 REFERENCE when mercury retrograde is charted to btc there is often more correlation then just chance could dictate. Retrograde dates are observable from earth by following the apparent motion of the planet. Mercury appears to slow down, stop, start moving backwards, then reverses course again, and speeds up. These movements of mercury when placed on a BTC chart are fun to make -this one is from earlier in the year as reference, I'm charting the next retrograde which started a week ago and goes right through the election- lots of interesting correlations. Publishing incoming BTC/Retrograde and Theta/Retrograde soon. Please let me know if there is a TA/Astrology chartyou would like to see!
MERCURY RETROGRADE/BTC INCOMING 02/02/2020-03/29/2020 REFERENCE Astrology and technical analysis are not as strange bedfellows as one would think. This was the first retrograde of 2020 - This astronomical influence lasts for nearly 2 months at a time but like a tide there is a build up, a maximum, and a waning. The influence of mercury in retrograde is on all things and not necessarily negative. Creativity and connection with the past are common in This period(as well as utter chaos and unplanned challenges) I'm publishing this chart now as reference because the current retrograde cycle just started a couple days ago and VERY interestingly enough the tail end of the peak is right before election day... I do astrological charts and TA for really anything or anyone with enough data . Putting the two together can occasionally be astounding. This chart is basic . The next one will have more depth involving planetary house influence and more. if you like this and have something you would like an astronomical/TA chart done let me know and I'll see if it can be made so. Watch for the next chart soon!
The Mercury is about to retrograde again! BTC will retrace!This predication is based on the Horoscope pre of Mercury.
Because Mercury is mastering the wealth, when it goes retrograde (3~4 times each year), the financial markets will go into reversal/retracement.
# Mercury Retrograde Schedule
2020
1st: Feb 17 ~ Mar 10, @Pisces, Aquarius
2nd: Jun 18 ~ Jul 12, @Cancer
3rd: Oct 14 ~ Nov 04, @Scorpio, Libra
2019
1st: Mar 05 ~ Mar 28, @Pisces
2nd: Jul 08 ~ Aug 01, @Leo, Cancer
3rd: Oct 31 ~ Nov 21, @Scorpio
2018
1st: Mar 23 ~ Apr 15, @Aries
2nd: Jul 26 ~ Aug 19, @Leo
3rd: Nov 17 ~ Dec 07, @Sagittarius, Scorpio
...