Full moons and lower lows towards new moon BTC
Does bitcoin like to set a new low after full moons? Rarely, and if it does it's usually after a big uptrend as you can see here on the chart.
Last 13 moon cycles
10 no new lows.
3 new lows (but as mentioned, after an uptrend in ALL cases)
3 days before or 3 days after the full moon is defined as full moon low, If I had used 4 days two of the "new lows" would not have been new lows.
Then the result would have been:
No new lows = 12
New low = 1
To conclude, from this data the likelihood we set a new low from the 19 November full moon bottom gets more promising the more days we are above it. It's now the 22nd of November and BTC is trading only about 1K from the low. It's three days ago the full moon, if we get a daily close above the low it should be more promising that we don't get a lower low based on this data as we're then 4 days past the full moon. Where only 1 new low was set out of moon cycles.
Last 13 moon cycles
10 no new lows.
3 new lows (but as mentioned, after an uptrend in ALL cases)
3 days before or 3 days after the full moon is defined as full moon low, If I had used 4 days two of the "new lows" would not have been new lows.
Then the result would have been:
No new lows = 12
New low = 1
To conclude, from this data the likelihood we set a new low from the 19 November full moon bottom gets more promising the more days we are above it. It's now the 22nd of November and BTC is trading only about 1K from the low. It's three days ago the full moon, if we get a daily close above the low it should be more promising that we don't get a lower low based on this data as we're then 4 days past the full moon. Where only 1 new low was set out of moon cycles.
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