Been studying lunar cycles based on @kazonomics ideas and TA lately and this trade is my first based on this.
Will continue working on this as time passes. I want to get a feel for the correlation between cycles of nature and changes in charts and the only way to get that, is to try out different things and trade accordingly. You learn more if it hurts.
Based on this theory, I took a 232.5 long, target 245. And I always use a stoploss. My tradingplatform of choice is bitfinex x3.3
Full moon will occur Monday at 00.00GMT. Paired with this, there is usually a lot of volume against the trend a day before full moon. Yesterday we were in a downtrend with low volume, hence I think it might change into an uptrend today or tomorrow, thus completing the 3 drivers pattern.
Wish me luck :)
Will continue working on this as time passes. I want to get a feel for the correlation between cycles of nature and changes in charts and the only way to get that, is to try out different things and trade accordingly. You learn more if it hurts.
Based on this theory, I took a 232.5 long, target 245. And I always use a stoploss. My tradingplatform of choice is bitfinex x3.3
Full moon will occur Monday at 00.00GMT. Paired with this, there is usually a lot of volume against the trend a day before full moon. Yesterday we were in a downtrend with low volume, hence I think it might change into an uptrend today or tomorrow, thus completing the 3 drivers pattern.
Wish me luck :)