The moon is now over 50% illuminated and as stated in my previous analysis, I took profit at 10,900 and have now entered a short trade. I don't plan on closing it until approximately the 14th (date of the upcoming full moon). I see a clear rejection on the daily BTC/USD chart forming and I believe this sequential 1 will be the first of many in the days to come. Bollinger bands are especially helpful in determining the momentum of lunar cycles as the top band called the top in the recent rally to nearly 11k. I expect the next drop to hug the bottom bollinger band as well.
Trade closed: stop reached:
I was stopped out at 10,300 - looks like this full moon is over earlier than usual. I no longer see a reason to short
