Bearish 5 Drives megastructure leading into a Bullish 5 drives up to 8500 to which will fulfill the overall Bearish 5 Drives w a target at around 5.5k.
Upon completion of 5.5k retracement OR sideways trending on a strong demand zone, Bitcoin's harmonic may become a Bullish Deep Crab to which will have a target of 10k+.
I've been bullish about bitcoin and I'm open to us shattering 8500 and reaching for 10k+ but I'm just reading the chart as it's presented and it's pretty clear what is being presented.
The following is astrological and Gann fan related. I am in now way a master of this and while I've witnessed the significant correlations of astrological events w price action and fud and fomo doesn't mean I am an authority on recognizing it. These are data points that I am interested in observing so just understand that's where this part of the analysis comes from.
There are different star systems that astrologers use. In the beginning, I used tropical, which is used for Western astrology but I'm favoring and using Sidereal (of the stars) astrology based on observations I've thus far made between tropical and sidereal for bitcoin's price action.
Astrological and Gann fan aspects: It's interesting to note that this weekend, there are several planetary bodies (the moon is a planetary body) that are moving into constellations. In astrology, it's significant when a planet enters a constellation/sign and even greater significance when it multiple planets entering a sign/s. 6/8 - Friday - Moon enters Pisces 6/9 - Saturday - Venus enters Cancer - Gann fan cross 6/10 - Sunday - Moon enters Aries 6/10 - Sunday - Mercury enters Gemini Last time we had this many planetary events in a 4 day time period was during Consensus 2018 last month.
Next there's June 18th... as in 6/18... (Golden ratio anyone?) and this day is at the apex of the pennant that we are forming from our run up to 20k. Fun fact: Kepler characterized Harmonics Law on May 25th, 1618. Nice timing with that year, Keppler! Also, May 25th is when the Buddha's birthday is celebrated. 6/18--- Neptune Retrograde - I've been trying to understand how different planets could affect price action and I'm afraid I don't have enough experience to talk about Neptune retrograde in that regard. What I can say is that Neptune retrograde is a wake-up call to the delusional fantasizers. The big question is who is delusional; the bears about the price dropping or the bull greedy for the moon?
Gann Fan - so in a previous chart I published, about how hype 4/20 is going to this year has a Gann fan apex/wedge/crossing at 4/20. If you press play, bitcoin literally drove right into the wedge, continuing upward. It's not at cleanly depicted in this chart bc scale has things slightly off, but subsequently parallel to the 4/20 apex is a Gann fan apex at 6/18. What does that mean? mmmm, I'm counting on the Bearish 5 Drives harmonic to play out.
6/26 - Mars goes retrograde - This isn't looked as favorable but we shall see how it goes. 7/7 - Mercury enters retrograde zone - This should be daytrading- short term bearish. 7/10 - Jupiter goes direct - bullish. Planet of wealth, abundance, expansiveness goes direct is a good sign. When mercury went direct (4/15) we took off. 5/3 - Mercury left the retrograde zone and that day is associated w one of our double top/highs from the April bull run. We also have a Gann fan cross on 7/10 reinforcing the significance of that day. 7/13 - partial solar eclipse - historically a bullish event. Significance reinforced by a Gann fan crossing.
7/26 - Mercury goes retrograde - Bearish 7/27 to 28 - Total Lunar Eclipse - Bearish
I use astrology to find confluence in the story that's being told w price action. I am very much a novice and appreciate you hanging around to read the end. :)
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I should've taken that trend line from 20k a bit more serious. At least given the scenario that we'd get rejected by it.
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So here's a good example of a major move happening at a Gann fan crossing. From what i've observed, Gann fan crosses will accellerate/enhance/perpetuate the direction of the price or be a trend reversal.
I hope it will be a trend reversal. It is much needed.
Thankis for your approach and nice chart,
Nataraya
TreeTruffle
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@NataRaya, I have some other charts. been a bit superstitious about publishing lately but I'm willing to share in a reply. :)
So here's what I'm looking at so far.
Also, I've found Vedic/Sidereal astrology being more timely w price action so that's what transits are according to if you see them in my charts.
July should be interesting. I still feel bearish but I think we're due for a minor run up. August though... August is an interesting month. Especially since the Sun enters Leo (8/17 Sidereal) On another chart, the apex of the chart is at 8/6 as well. That same chart has the bottom/apex price at $3666. ... The prices I've gotten are $5333, 4.8k $4333, and $3666. ...we could go lower but those are the bounces/bottoms I have so far. Not financial advice, DYOR. Thanks for being here. :)
harmonic patterns are an easy google. then look up "rules" for them. (loose rules). Then experience experience experience. just keep making charts, be a scientist and see how things do.
There's resources out there like the Ephemeris to see when/how planets move through the sky. Jeez, it's actually a lot to think about dropping on a person. I need to make a starter list of various tools that I've found useful over time.
Retrograding planets is an objective phenomena that is listed w help of google. But yeah, experiment.
I hope it will be a trend reversal. It is much needed.
Thankis for your approach and nice chart,
Nataraya