A few more notes on the astrological phaenomena underpinning bitcoin’s current price activity (week of July 12-18).
As mentioned previously, the current buy signal was precipitated by the full moon of July 12, which is referred to as a supermoon because it appears bigger and brighter than the average full moon.
What makes these moons so spectacular?
A supermoon, also known as a "perigee moon," occurs when a moon turns full around the same time it reaches "perigee," the closest point to Earth along its elliptical orbit. (
http://www.huffingtonpost.com/2014/07/11/supermoon-july-2014-video_n_5578759.html)
Also, according to the Christian Science Monitor, this moon is also called a 'Full Buck Moon.’
The name dates back to when Native Americans kept track of seasons by giving names to recurring full moons. The name for July’s Full Buck Moon originates from the full moon rising and setting at the time of year when bucks – male deer – typically begin to grow their new antlers, starting with velvety bumps on their foreheads. (
http://www.csmonitor.com/Science/)
Clearly the little bumps on the current BTC price chart correspond to the little bumps on the male deer’s forehead, observable in the bright moonlight, which are destined to blossom into full-grown antlers that will ultimately be used for display and weaponry in the ancient sexual selection competitions held every Autumn.
Over the summer months it is anticipated that that BTC price activity will follow the testosterone-induced growth of the deer’s antlers and present itself as formidable spikes on the price chart. The growth is anticipated to continue until the fall whereupon the deer and BTC will encounter hunting season and be subsequently slaughtered by surprise, with the only remnant of its past glory to be seen on historic price charts, hung like trophy antlers in the sportsman’s den.
