Bitcoin's natural support and resistance is Jupiter
When I've mentioned things like Venus Retrograde, Moon Phases or anything related to Financial Astronomy and Financial Astrology, people giggle or dismiss out of hand. That was my reaction when I first heard it. It wasn't until I found out that it was a legitimate form of Technical Analysis that my mind was blown. Why?
Because unlike a good amount of Technical Analysis, things like Retrograde Cycles, the longitudinal coordinates of a planet, etc, etc, they are all natural cycles, we can't change them.
So I found out that I should not dismiss it.
On the screen is the longitudinal position of Jupiter as it fulfills a full rotation around the Sun (heliocentric), the Green Line represents that position while the red lines represent the harmonics between the cycles. Gann discovered that by converting the positions of planets onto a price chart, you can find a particular planet that holds as natural support and resistance. And when we do that with Jupiter, this is the result.
To accomplish the lines, I used a piece of software that I frequently use, Optuma by Market Analyst, which has a full suite of Financial Astrology and a full suite of Gann
Because unlike a good amount of Technical Analysis, things like Retrograde Cycles, the longitudinal coordinates of a planet, etc, etc, they are all natural cycles, we can't change them.
So I found out that I should not dismiss it.
On the screen is the longitudinal position of Jupiter as it fulfills a full rotation around the Sun (heliocentric), the Green Line represents that position while the red lines represent the harmonics between the cycles. Gann discovered that by converting the positions of planets onto a price chart, you can find a particular planet that holds as natural support and resistance. And when we do that with Jupiter, this is the result.
To accomplish the lines, I used a piece of software that I frequently use, Optuma by Market Analyst, which has a full suite of Financial Astrology and a full suite of Gann