BTC kept (sort of) the big picture support trend line. It also pushed through old resistance trend line and it tested it again.
Astro events
31 March - Second blue moon for 2018
23 March to 15 April - Mercury retrograde
I expect one of the 2 possible scenarios:
1. After blue moon we start a small uptrend until mercury retrograde period finishes, we might break old resistance trend and we test the resistance trend again
2. We go down further until mercury retrograde period finishes and after that we might start a rally up, break bigger resistance,
Those 2 scenarios are not the only possible, but we might see some moves around those specific moments (+-24h)
We are oversold here but we might go little bit lower...
We may not be yet in the capitulation phase.
Astro events
31 March - Second blue moon for 2018
23 March to 15 April - Mercury retrograde
I expect one of the 2 possible scenarios:
1. After blue moon we start a small uptrend until mercury retrograde period finishes, we might break old resistance trend and we test the resistance trend again
2. We go down further until mercury retrograde period finishes and after that we might start a rally up, break bigger resistance,
Those 2 scenarios are not the only possible, but we might see some moves around those specific moments (+-24h)
We are oversold here but we might go little bit lower...
We may not be yet in the capitulation phase.
코멘트:
Forgot to post the chart(s)
Normal chart:
Log chart
Please acknowledge that on the log chart we are near resistance trend even if BTC broke resistance for normal chart.
BTC also approaches daily Ichimoku cloud.
Possible scenario:
Break the resistance, enter in the clouds and around first full moon it will fall again under the cloud (or at the base of the cloud) and also test old resistance. Maybe it will transform it in support trend.
Normal chart:
Please acknowledge that on the log chart we are near resistance trend even if BTC broke resistance for normal chart.
BTC also approaches daily Ichimoku cloud.
Possible scenario:
Break the resistance, enter in the clouds and around first full moon it will fall again under the cloud (or at the base of the cloud) and also test old resistance. Maybe it will transform it in support trend.
Light blue vertical line = full moon
Dark blue vertical line = new moon
On 16 April it was new moon in Taurus.
We may have started a new bullrun but we may slowly go up to the first full moon (Apr 30) when we can see a little backward movement.
Anyway, if we keep the trend up for next weeks, this may lead to a good % return until 24 October when there will be a full moon in Taurus.
New moon in Taurus can start a bull run until full moon in Taurus. Ironic, isn't it?
The scenario from last year may repeat. If you measure the last year charts, from Taurus new moon to Taurus full moon there were higher % gains than after that. Many of us see the move from mid November but that actually had a lower percentage gain than the middle of the year.
Cheers, namaste, be blessed, the luck be with you :)