Bitcoin Forum

In the first moment this topic is a little bit strange.

To describe "technical analysis" in a not-so-complex-way, it is different methods of predicting traders behavior.

My question is: Are traders also trading because of Astrology, special dates, storytelling and with celebrating jokes/ribbings?

My example ist "Terra Luna". This can be a coincident, but also it could be a case for the technical analysts!

Terra Luna crashed with the highly loss on a "special date": Friday, the 13th. It is a symbol for not having luck. On the same weekend there was a lunar eclipse. More exactly in the time where the "bouncing of the loss" was happening. In this time Terra Luna reached it's bottom, but jumped 40 to 100 times up (from the bottom) and after that the market position decreased again to the level now.

Also the crash of FTX was on a date of a "blood moon" / lunar eclipse with bright red colour on the sky.

Is this just a coincidence?

And is somebody analysing those special dates and possible connections to astrology/astronomy?

Andother indicators in this case - and this sounding more strange - are other related symbols and metaphers, like "28", "going moon" women rights, and "birth'". Also "codes" like "ABC4twentyeight" can be used here. It was used as a tv psychology in the time of the pandemic.

Still now LUNA trying to understanding us the problems is very soon fixing and will recovery soon LUNA price but everyone don,t forget terra luna games playing how to easily game olay with every LUNA holders and remember always 13 Friday for luna crash and price also jumping upto 80 times & FTX is very painful news after happen LUNA Games.

I am not sure if someone does that but if there is then that's truly a rare strategy in doing so. I am seeing these videos related to astrology/astronomy and they're basing an event on what they're seeing from it. I haven't seen someone does this related to the market but it's an interesting approach to think of.

Maybe it is, maybe not.

Yes, Sir, in the end I can not and I do not know.

But I guess I am not alone with not knowing: https://coingape.com/crypto-crash-market-news-binance/



One guessing is, that is could be not a trading purpose, it could be a teaching purpose from a group of whales or institution' executives.

--

I am coming out of the pro wrestling industry. Here it is known, that manipulation is a thing. (It is ficticious entertainment.) - But I know the same "pro wrestling"-tricks in boxing. And here a market manipulation (betting) is done without vocal communication. It meant f.E., you can SEE who is winning by a certain position the boxer is standing on a certain time in a position/the ring.

Yes, it is.

But i have encountered people doing this. Even people i thought highly about before hearing they do that. I am not really sure if they believe in astrology or believe that if enough people trade with astrology, it starts to be self fulfilling prophecy. Anyway, which ever tactic works for you, you should use it. Many see pure traditional TA similar to crystal balls and tea leaves anyway. I wouldn't trade other people's money with astrology though. That seems like irresponsible. More irresponsible then trading others money if possible.

This is just a coincidence, I understand the frustration and depression of many after losing their hard earned money with this two failed project, and I’m telling you over thinking is not good for you. So if you are a victim of this project, start moving on and start analyzing again, whatever your story here it doesn’t matter anymore as those projects will never bring your money back, so move on.

As it stands now, I would consider those facts to be coincidences, however I try to be an open minded person and assume that there are forces and things which are beyond our understanding.

So if there was some kind of evidence (perhaps based on statistics) I would change my mind on the use of those kind of astronomical happenings in order to predict the next moves of the market. Until then, I would say they are just another proof that life is strange and reality can indeed surpass fiction in many ways.

I believe partly in astrology and birth signs but I'm not using this for my investment and trading I use analysis and common sense, what I believe in astrology is the characteristic of one's person but not everyday analysis based on astrology, my action will be limited on what the astrology is saying.
It may encourage me to dress red because it's my lucky color or sit in a particular direction something that I will have a hard time accomplishing.

Maybe there is someone out there in someone or a circle of strong ancestral beliefs, but this method makes absolutely no sense from my point of view (after all there is no technical element to this analysis).
Logically, trading analysis should be as realistic as possible that is acceptable to the general public because it still produces "probabilities", technical analysis is reading history and fundamental is reading the future (any event that may have a direct effect on the economy).

Mmmh,

we could test it: We do know that BTC and ETH are the market makers, and they decrease in price on the FTX and Terra Luna events.

So basically we could short BTC and ETH 7 days(?) before and cash out 7 days(?) after the next 10 lunar eclipses. And we could publish the results then. For that we do not need to invest real money. We could write it just down, simulate, on exel sheets.

But what if, now it is reversed, and we have to go long on the next solar eclipses? ^^ Solana? ^^

Okay, the next solar eclipse is April 8th, 2024. I go with SOL. ^^

Is this a joke? What astrology and the blood moon? In my opinion, this is simply an attempt to piece together events that are in no way correlated. You need to do a really big study to make a solid claim about this, rather than taking a few cases that might be a common coincidence as an example. Your topic could be seen as a topic for humorous speculation, but not something serious. The market does not depend on the events you describe.

I think that there are much more examples when Astrology/Astronomy was wrong about crypto

While exploring unconventional factors can be interesting, relying solely on astrology or related phenomena for investment decisions may not be a wise approach. Yes. It is interesting indeed to relate and to observe between market events and astrological or astronomical phenomena but I think it is important here to consider the concept of correlation versus causation.

Just because two events happen to coincide in time doesn't mean that one causes the other. In the case of Terra Luna and FTX, attributing a crash or recovery solely to a special date or lunar eclipse can be very difficult. applying critical thinking and examining other factors that might affect market movements, such as economic indicators, market sentiment, and regulatory changes are considered important so that there are no misinterpretations.

I don't know how accurate could the data and predictions coming from these set of people can be but i know it's not that hundred percent accurate enough since they are not facts but relevant coincidental occasions and what they feels from the emotional scope, how i wish if al these could have been effective right before the hack begun, is prevention ot better than cure, all these analysis will amount to nothing because it cannot bring back all lost fortunes.

I can't help but just shake my head here. It's just one of those things that you can only associate to certain events or beliefs after it already happened. Could anybody really pinpoint which market or what company is going to crash on a Friday the 13th or on a lunar eclipse? I doubt that.

But isn't it an overall critizism on technical analysis: Just because a market behaves two times a certain way, the market behaves a second time this way? I get the "correlation vs. causation", Andrija Branislav! How to figure out what is what?

And no, this is not my joke. It is a possibility of the behavior, the believe or a "joke" of market makers. 

An interesting coincidence: https://www.20min.ch/story/12ppons-brooks-groesser-als-der-mount-everest-teufelskomet-rast-auf-erde-zu-103019272

April 8th 2024: Solar eclipse
April 21th 2024: 12P/Pons-Brooks is visible - BITCOIN HALVING