MOON BTC USDT CORRELATION SEEMS INTERESTING
I was looking to the moon phase to BTC correlation since a while, and it seems i can include it into my predictive analysis, but I cannot base my strategy solely on it. It seems the full and new moon have an emotional effect on the general population, and this includes traders.
Moon is a natural phenomenon that is cyclic in nature, and it moves the water in the oceans. We are made of 75% water in average, so if the moon can move the oceans, it surely can move our blood , and our blood pressure has a direct correlation to emotional estates.
So when the moon is at full moon phase our emotional state is at its highest in general, and therefore we amplify any thoughts we may have. If market is bullish it will amplify it, if bearish same thing. We can see this on the chart where there are clear changes in price action at pre phase days and post phase days.
Nevertheless, It's difficult to predict the direction of the move , and cannot conclude on the bullish or bearish pattern. I am bearish on BTC still, but on the next days i think there can be a breakout to the upside before we continue the bearish trend.
Moon is a natural phenomenon that is cyclic in nature, and it moves the water in the oceans. We are made of 75% water in average, so if the moon can move the oceans, it surely can move our blood , and our blood pressure has a direct correlation to emotional estates.
So when the moon is at full moon phase our emotional state is at its highest in general, and therefore we amplify any thoughts we may have. If market is bullish it will amplify it, if bearish same thing. We can see this on the chart where there are clear changes in price action at pre phase days and post phase days.
Nevertheless, It's difficult to predict the direction of the move , and cannot conclude on the bullish or bearish pattern. I am bearish on BTC still, but on the next days i think there can be a breakout to the upside before we continue the bearish trend.
Trade closed: target reached:
My prediction seems accurate in the sense that price did indeed go bullish but came back to bearish trend. Today its new moon +1 and trend could be witnessing a turning point.