Bitcoin moon phase

The day and the day moving averages have formed a golden cross — an incredibly powerful bullish signal long-term investors use to gauge the health of an asset. A golden cross of the day moving average and the day moving average is just days away from triggering.

• When Bitcoin Moon??
• Moon cycles in the markets.
• Bitcoin's new-moon, moon-cycle for BITFINEX:BTCUSD by satoshisonic — TradingView.

Bitcoin has also spent over two full years in long, arduous bear market. Now that Bitcoin is fully established within a new bull market, corrections will often turn into face-melting rallies in the blink of an eye. Altcoins have grown by double that, further backing up the theory the crypto market has turned bullish once again.

2021-2021 Sidereal Moon Phases

The best way to take advantage of a bull market is with trading platforms like PrimeXBT that offer x leverage on Bitcoin and other crypto-assets. The most common and straightforward strategy involves waiting for Bitcoin to reach over 70 on the Relative Strength Index. When Bitcoin reaches overbought conditions on the technical analysis indicator, a correction ensues. The Relative Strength Index is just one of the dozens of the technical analysis indicators available right within the PrimeXBT trading platform.

Savvy traders may consider shorting each top when RSI reaches overbought levels, but the real money is made when the correction reaches support and takes off on the next stop on its rally toward the moon. Set stop losses below that level, and then set a take profit order at the next level of resistance.

Once Bitcoin passes its all-time high, however, the sky is the limit as the asset will reenter price discovery mode, where the asset goes parabolic until a new record is set and a more severe correction occurs. During what the cryptocurrency community has dubbed an alt season, altcoins vastly outperform Bitcoin by a wide margin, resulting in even stronger gains. When Bitcoin is moving up or sideways, altcoins often fly, bringing traders unimaginable wealth.

During bull markets, it is said that anyone can make money. But why leave it up to luck? Instead, trade Bitcoin using x leverage and successfully learn to long each dip for a fast track to growing profits quickly.

How to recognize which is the best Moon Phase for trading

And over here, if we were to buy at the open, and sell at the close, we would have been up a total And then because we can see the inverse of this behavior too. Now, we can tell that during a very strong bull move that we really do not want to try and short during a New Moon.

• Lyn Alden: Bitcoin Correlations Depend on What Phase It Is In - CoinDesk?
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We could consider taking profit during a New Moon, during a strong uptrend, or we would consider just sitting and staying flat, not adding until we get back in. But notice what happens when we take a look here at this activity.

A good sign that we were going to be entering into a new trend change, was when we finally had a New Moon that had a significant drive down followed by a kind of a muted move up, and then we have another significant drive down. So if we look at these swings, these are more pronounced so if we would have bought at the open, or sorry, if we would have shorted at the open, and then covered at the close, that would have been pip move. If we would have done that most recently here, and then sold at the close, that would have been a pip move. But, you have to look at the past price activity of each instrument, to determine for yourself whether or not this is true.

The Footsie , the British stock exchange, it responds to the inverse.

How does Bitcoin trade these areas? Not really, no. So, we could say that in Forex, at least in Forex and cryptocurrencies, it seems to be a fairly consistent process that you have a bias for a market being bearish for a New Moon phase and bullish for a Full Moon phase. But again, we want to use other forms of analysis. And, The Moon Phases itself is not enough to dictate a trade, so we need to do other things. So, one thing that we can use is oscillators, or other forms of an oscillator, like other types of oscillators, like the RSI, or I like the Composite Index.

Is it below these two averages? This is a good buying opportunity. Actually, there was one back here too. Other good shorting opportunities, if we get into these accelerated conditions near a market high, a short-term market high. And then, if our conditions are met, where we can go in the direction of that Moon Phases, then we have a higher probability of catching some really nice profit in the process.

And most recently, this is probably a good example. Here, we were in an accelerated zone, an elevated zone here, that was giving out a sell signal, we had a double top on our Composite Index.

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That was really telling us that we had a high chance of having down prices because we can include the New Moon, and the behavior of the New Moon is to have lower prices during that Moon Phases. Hope you found this video helpful and please watch our other videos. Your comment Remember Me.