Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The next full moon will occur on Monday, Sept. 20 at 7:55 p.m. EDT (23:55 UTC), but the moon will appear full the night before and after its peak to the casual stargazer. September's full moon will be the Harvest Moon of 2021, though it is sometimes known as the Corn Moon and has many other nicknames by different cultures.
Is full moon the reason we got a dip? Do we get a pump at the next full moon?
There is a correlation between full moons around short-term reversals in price, due to emotional sentiment I imagine, so is possible that was the final dip. Will have a look and see if there's been a correlation in recent months and post some TA on it if it appears relevant...
Until I see some empirical proof, this whole full moon correlation will seem like untrustworthy, unscientific bs to me. why does it matter how much of the moon is darker in some parts and not others? Its just the reflection of light from the moon as seen from different perspectives.
Sure, don't believe it. I did some TA back in 2019 and there appeared to be a weak correlation, but a correlation none the less. Not a very useful one either. Why there is a correlation is anyone's speculative guess however. Only appears relevant when price is being indecisive, that much became clear to be when back-testing the theory. Not during an aggressive up or downtrend, it seems irrelevant.
I'll do some TA on it when I've finished re-arranging my sock draw, as it's quite a mess at the moment.
During the full and new phases of the moon, the sun and moon are aligned so their gravitational effects are amplified. At certain times of the year this alignment as well as the proximity of the bodies to earth serve to pull the bitcoin trend line higher and higher towards new ATHs.
I feel like this a tongue in cheek response, rather than statistical data that wasn't provided? Maybe I'm wrong though. But sure, the gravitational effects could be the simple reasoning of creating emotional distress and panic selling. At the same time, I would of thought humans would get used to having increased gravitational force every 28 days. It's not like the ocean complains about it, it just deals with it with high tides.
I had previously thought the reason for bad sleep or otherwise over full moon cycles was just people who didn't have very good curtains, but there is physical reasoning for it beyond that it seems.
We can all participate in an experiment but we'll need a control group to sell all their bitcoin now while the rest of you hodl. The next near perfect alignment:
