Can Saturn & Mercury Retrograde Forecast A 77% Hike For Bitcoin?
Further to my idea on 2020 Saturn Retrograde and Mercury Retrograde showing patterns in price action, this coming Mercury Retrograde 29th of May, could tell us if we're in a bull or bear cycle. When merc goes retro in bear market price action tends to dip. In a bull market it tends to rally.
Note the retrograde period starting in January of 2021 by the first green line. We came into it from the downside, flattened out and trended up for a few days to rally the day mercury went retrograde. We dumped after it went progressive several weeks later.
Now Saturn Retrograde is often "retarded speed" as you'll see in the chart line idea below. However this time we're also entering into Mercury retrograde having started to trend up from this recent dump. Februarys mercury retrograde saw a 77% pump to the upside. IF we get the pump this weekend or soon after, 77% takes up into the $70K range. My question I'll be asking as I observe this scenario playing out, is "Will the planets affect any Wychoff plans, or are the Wychoff plans waylaid by the planets?
If you're trading over these next 3 weeks, I think it's good be mindful, especially if you're shorting, that we have a potential bullish scenario about to play out. I'm on the fence. Still looking at other years price action to see a bigger pattern.
Check out the RSI... Divergence that started back in February's bumper month. Your thoughts?
Note the retrograde period starting in January of 2021 by the first green line. We came into it from the downside, flattened out and trended up for a few days to rally the day mercury went retrograde. We dumped after it went progressive several weeks later.
Now Saturn Retrograde is often "retarded speed" as you'll see in the chart line idea below. However this time we're also entering into Mercury retrograde having started to trend up from this recent dump. Februarys mercury retrograde saw a 77% pump to the upside. IF we get the pump this weekend or soon after, 77% takes up into the $70K range. My question I'll be asking as I observe this scenario playing out, is "Will the planets affect any Wychoff plans, or are the Wychoff plans waylaid by the planets?
If you're trading over these next 3 weeks, I think it's good be mindful, especially if you're shorting, that we have a potential bullish scenario about to play out. I'm on the fence. Still looking at other years price action to see a bigger pattern.
Check out the RSI... Divergence that started back in February's bumper month. Your thoughts?