Tag Archives: BitCoin

Bitcoin Support and Resistance

Bitcoin support.

Bitcoin resistance.

Oh no – not another bitcoin post!

Isn’t there anything else going on in the word of astro-trading?

Of course there is.

But the fact is, bitcoin continues to dominate the trading conversation.

And most of the conversation about bitcoin is focused on just how high it can go.

There’s not much market experience or trading savvy in the the conversation, though.

Most of the players and speculators aren’t talking about bitcoin support or bitcoin resistance.

They’re only staring into the stratosphere.

Why Bitcoin Support and Resistance Are So Important

Whether your focus is short-term profit or long-term security, it’s critical to have specific price levels in mind.

You need to establish some expectations of support and resistance zones.

bitcoin support and resistance
Planetary price lines can help establish bitcoin support and resistance zones.

A support zone, by the way, is a price range or a price level that provides a floor for trading activity, an invisible barrier that somehow prevents the price of bitcoin from falling any lower.

A resistance zone does the exact opposite.

It defines an upward limit, an invisible ceiling that keeps rising prices under control.

If bitcoin support or bitcoin resistance get broken with significant trading action that’s either below or above these boundaries, respectively, it delivers an important message to active traders.

So you’ll want to pay attention to those bitcoin support and resistance zones.

If you know what they are, you can make more informed trading decisions.

You can reduce your risk.

And you can also reduce your blood pressure!

Calculating Support and Resistance

As you try to figure out where those critical price levels lie, you can look at trading charts.

You can use your intuition, or just make a blind guess, a shot in the dark.

You may even have a complicated formula that you use to fine-tune your calculations, in an effort to use excruciating precision in setting up your forecasts and expectations.

Or you may want to use astrology.

As I noted in a post a few days ago, there are powerful astrological factors that can work wonders in identifying key bitcoin support and resistance zones.

I talked with Larry Pesavento about them yesterday when I was a guest on his Trade What You See program.

Here’s the video of our discussion during the broadcast:

Behind The Bitcoin Plunge

When there was a big bitcoin plunge a couple of days ago, it didn’t surprise the chronic naysayers.

Some worried that bitcoin isn’t really safe.

You can lose your money.

Yup.

That’s true of any trading vehicle if you don’t know what you’re doing.

Folks like Janet Yellen had been warning that bitcoin is volatile. She even said it’s inefficient.

Yup.

The price of bitcoin had been zooming to new highs so rapidly that experienced traders knew a bitcoin plunge was inevitable.

Yup.

The Bitcoin Plunge Actually Happened

That’s what happened this week, all within a span of 41 hours.

The cryptocurrency hit a new high, and then shed almost 23 percent of its value the blink of an eye.

Here are some comments in our latest Astro-Traders’ Video Tip of the Week:

By the way, I’m now regularly sharing comments about bitcoin and astro-trading on the new Clubhouse social media platform.

You can currently connect via an iPhone or iPad (Android should be coming in a couple of months).

Go to joinclubhouse.com and get on the waiting list.

Once you’re in, follow me @TimBost and you’ll get notified of the times when I’m connected.

Hope to see you there!

Tulip Bulbs and Poseidon Power

“It doesn’t seem like tulip bubs to me.”

The mania over tulip bulbs is nothing like the powerful trading power of bitcoin.

That was Larry Pesavento’s comment on Wednesday.

The date was special because of the retrograde station by Poseidon.

He and I had gotten together on his Trade What You See program on the Tiger Financial News Network.

TFNN caters to traders who are interested in cutting-edge techniques and perspective for enhancing their performance in the markets.

An Astro-Trading Forum

Larry’s show is noteworthy, not just because he has such vast experience in trading and in training traders, but also because he’s so appreciative of the unique advantages that astro-trading techniques can bring to the market environment.

That’s why it’s always a joy when I get to join him on the air.

We get to talk trading. And we get to talk about astrology.

But tulip bulbs?

The Tulip Bulb Story

Larry was referring, of course, to the historical tulip bulb mania of 1637.

It was a wild market ride as the price of the prized plants went up and up and up.

tulip bulb mania in the 1600s
The wild run-up in tulip bulbs in 1637 became the model of mmarket mania.

The parabolic price trend was uninterrupted – until it crashed.

That, Larry noted, is not what’s going on with bitcoin.

The cryptocurrency has seen its share of ups and downs.

It’s had big advances, fallen back down to earth, and then rallied one again.

Along the way, it has climbed to higher prices, and gained a lot of attention from big players, including Elon Musk.

In other words, it’s a market that’s  rapidly maturing.

I totally  agree.

And there are astrological factors at work right now that indicate that the price of bitcoin is likely to go much, much higher.

Including the impact of the current Poseidon station.

You can check out our entire conversation – complete with Poseidon impacts on multiple markets – in the video from Larry’s show:

 

The Terrorist Mob In Washington

A terrorist mob. A siege on the U.S. Capitol.

The events of this week were truly jarring.

But they weren’t entirely unexpected.

Anticipating A Terrorist Mob

The truth is, never in my wildest dreams did I imagine that we would see the invasion of the U.S. Capitol in Washington D.C.

Nor did I imagine that the anarchy and vandalism would be the first damage and desecration of that temple of democracy since the 1814 British invasion during the War of 1812.

Bu the astrological factors setting the stage for violence and disruption were quite evident.

I had reviewed them during a live webinar during the closing hours of 2020, as we were bringing a tumultuous year to a close.

My YouTube video  presenting an excerpt from that live astrology webinar has been getting some strong attention since the terrorist mob of Trump supporters smashed windows and wreaked havoc at the Capitol, leaving deaths and extensive damage in its wake.

And it’s no wonder.

After Donald Trump had spent weeks urging his supporters to come to Washington on January 6 to contest the results of the November presidential election, it was no surprise.

And after the president gave an hour-long speech to the assembled mob, urging them to move on to the U.S. Capitol building, it was no surprise.

If you were paying attention, it was predictable.

But what was surprising was the intense astrology underlying the event.

It was noteworthy.

As was the fact that I had explained it subscribers a week ahead of time.

So it was naturally what I focused on first the following day.

That’s when I got together with Larry Pesavento on his Trade What You See show on TFNN.

We needed to put the siege from the terrorist mob into perspective.

And, of course, we talked about the markets.

The Continuing Surge In Bitcoin

Especially bitcoin.

The cryptocurrency had broken the 38,000 barrier earlier in the day, before Larry and I got together.

By the time we talked bitcoin was moving so fast that we couldn’t keep up with it.

Coming Trends In The Stock Market

We also took time to review my astro-cycle forecast for the S&P 500 index during the coming months.

And on that basis, Larry and I agreed to talk again a couple of times during the weeks ahead.

That seems like a good idea, since there will be plenty of great trading opportunities ahead, with or without more interference from terrorist mobs. Here’s the video of our conversation  during his live show on January 7:

Bitcoin’s Wild Ride

When I got together with Larry Pesavento on Thursday, the hot topic was bitcoin’s wild ride.

The price of the cryptocurrency had been surging.

Challenges With Trading Charts

I had been having trouble creating a trading chart to share, since the price was climbing faster than I could revise my chart!

I started out by sharing a long-term chart, just to put the current trading action in perspective.

Bitcoin's Wild Ride over the past few years
The trading action in bitcoin since 2016.

And as we were talking on his Trade What You See show on TFNN, bitcoin’s wild ride continued.

The price surged even as we spoke.

But even in that context, when I shared a short-term chart with a big price projection, it definitely got Larry’s attention!

Bitcoin's Wild Ride Could Continue
If our outrageous price projections prove to be accurate, bitcoin’s wild ride could continue!

Before we parted company, we also look a few minutes to discuss the importance of the Winter Solstice in W.D. Gann trading strategy, as well as Gann’s use of astrology in market forecasting.

Larry mentioned is trading experience with Jimmy Twentyman, who found notations for Mercury and Mars on W. D. Gann’s trading charts.

We also talked about the December 21 Jupiter-Saturn conjunction. It’s truly a major astrological event.

Tracking Bitcoin’s Wild Ride In Real Time

Here’s the video of the complete interview:

 

For more astrological insights on bitcoin, be sure to read Bitcoin Astrology – this anthology is available now from Amazon.

World Leaders and Global Markets at Mercury Retrograde

When Mercury goes retrograde on Tuesday, October 13, it starts a stressful interlude leading up to the US elections on November 3, the date that the retrograde period ends.

Mercury Station For World Leaders
Many world leaders are likely to be impacted by the Mercury retrograde station – and experience lingering effects throughout the entire Mercury retrograde period.

But the retrograde station itself also signals specific challenges for markets, geopolitics, and political world leaders.

With that in mind, we’ve reviewed some of the Mercury station’s connections with midpoint structures in key horoscopes. Here’s what we found.

The current Stocks To Watch in our Financial Cycles Weekly Model Portfolio all have strong resonance with the retrograde Mercury. The station triggers the ATVI midpoints for Vulcanus/Chiron, Uranus/Node, Neptune/Node, Sun/Pluto, and Moon/Mercury; the MSFT midpoints for Admetos/Midheaven, Venus/Kronos, Neptune/Kronos, and Aries/Sun; the QCOM midpoints for Moon/Node, Mars/Uranus, and Cupido/Poseidon; and the TSCO midpoints for Sun/Neptune, Jupiter/Ascendant, Mercury/Apollon, Moon/Neptune, and Uranus/Cupido.

The New York Stock Exchange triggers Sun/Saturn [difficulties, hindrances, falling ill] & Venus/Hades [grief & adversity].

NASDAQ triggers Neptune/Poseidon [misrepresentations of facts, false pretenses, erroneous ideas].

COMEX GOLD triggers Mar/Vulcanus [great strength, mighty activity], Cupido/Hades [stored supplies, stockpiling, hoarding], Moon/Poseidon [mediumship, spiritual influence], and Sun/Jupiter [rich people, a successful money day].

Tim Bost with New Book

Bitcoin triggers Venus/Kronos [preference, affection, a helping hand] & Poseidon/Node [global conceptions & ideals, beneficial mental & spiritual unions]. Our position on the cryptocurrency continues to be extremely bullish.

World Leaders At The Mercury Retrograde Station

There are also specific people in the spotlight.

Notable affected world leaders include Narendra Modhi with Node/Cupido [creating community] & Mars/Hades [fatigue, serious sickness, unusual deaths, erroneous actions, damages and misfortunes]; Vladimir Putin with Cupido/Vulcanus [expansion of domestic political power] & Jupiter/Ascendant [popularity & happy companionship]; Benjamin Netanyahu with Aries/Vulcanus [global expressions of power, might & force] & Node/Chiron [alliances becoming very problematical]; Xi Jinping with Pluto/Hades [deterioration, evil change, dishonesty, unreliability & worsening conditions] & Kim Jong Un with Saturn/Admetos [hardship, lack, being in a tight spot] & Uranus/Vulcanus [sudden global acts of violence, huge force unleashed unexpectedly].

Good Luck In A Tight Situation

The personalities in the US presidential race are also impacted, especially in light of the COVID-19 trigger of Moon/Mercury [increasingly rapid spread among the population]. Mike Pence has Sun/Cupido [a married man] & Uranus/Hades [sudden damages & accidents, disgusting acts]. Donald Trump has Neptune/Cupido [disharmony, breakups, unfaithful husband, moving away]. Kamala Harris has Jupiter/Admetos [good luck in a tight situation]; Joe Biden has Venus/Jupiter [joyous rapture] & Pluto/Kronos [self-made man ascending in rank, a change in government].

Forecasting The Bitcoin Boom

The current bitcoin boom has been right in line with my forecast from three weeks ago.

Shortly after the holiday break for the Fourth of July, we did a cycle analysis for bitcoin, and identified a potential turning point for the cryptocurrency.

Our cycle work highlighted July 20 as a critical date.

Setting The Stage for a Bitcoin Boom

Trading in bitcoin was weak and congested at the time. Our cycle chart revealed the likelihood of weaker prices ahead.

At least until July 20th.

That’s when the cycles looked ready for a turn, setting the stage for a move to the upside.

It looked like a possible set-up for a bitcoin boom.

Doing A Back-Test

That’s why we decided to dig a little deeper.

We identified fourth-harmonic alignments between Mars and Kronos as key factors in bitcoin price swings.

And that’s what we took a look at in the previous trading history for the cryptocurrency.

The results were surprising, to say the least.

These particular planetary configurations have a high level of correspondence with the likelihood of a bitcoin boom.

Sharing Our Results

After making a forecast of just such an event coming up on July 20, we were of course interested in watching the bitcoin trading action.

So when bitcoin started to rally right on schedule, we knew our astro-trading signal was working fine.

That’s why I responded to Larry Pesavento’s invitation to join him on the air yesterday with a lot of enthusiasm.

When we got on the broadcast of his Trade What You See program on TFNN, I shared the bitcoin research and forecast.

I mentioned the book on Bitcoin Astrology.

We also discussed the current bitcoin boom – and what it means for future upcoming trading prospects.

And of course I grabbed the recording of our entire conversation.

You can watch it all here:

Cryptocurrency Security & COVID-19

I’ve been paying a lot of attention to cryptocurrency security lately.

In recent weeks we’ve been facing accelerating economic instability (that’s putting it mildly!).

We can blame the COVID-19 pandemic for that.

It’s been pretty wild.

There have been huge swings in the stock market. Billions of dollars are being gained or lost on a daily basis.

And that’s not all.

We’ve seen prices for bitcoin and other cryptocurrencies experiencing some crazy swings, too.

Bitcoin is currently trading at about $6,600.

That’s off a bit from earlier today.

But it’s up from a low two days ago at $4,460.

A month ago, before the coronavirus pandemic took hold globally, bitcoin was up to $10,365.

Cryptocurrency Security

That’s why cryptocurrency security is suddenly such a big issue.

Crypto speculators are being driven alternately by fear and by greed.

Is bitcoin a legitimate flight to safety?

Or is it just plain insanity?

Cryptocurrency exchanges are under a lot of strain. So much so, in fact, that some of them look like they’re on pretty shaky ground.

Meanwhile, the scammers, hackers and attackers are out in full force.

If you’ve left your crypto sitting in an exchange account, you’re in trouble.

Potentially big trouble.

Like being wiped out entirely.

But hey, I’m not here to preach doom and gloom.

Things are tough enough already.

And I’ve got a cryptocurrency security tool I personally rely on.

You definitely need to consider it.

Protection With A Hard Wallet

It’s all about the added security of a hard wallet.

A hard wallet is a physical device for storing digital data, particularly blockchain entries.

That includes bitcoin and other cryptos.

Using the device, you can keep your cryptocurrencies safe. The data links are stored on the device and connected to the blockchain in the cloud.

All without exposure on an exchange, which is particularly vulnerable to compromise.

The bottom line is this – if your data is on someone else’s site, it isn’t safe.

There are different brands of hard wallets available, but the one I personally use is the Trezor.

Trezor for cryptocurrency security

It’s available from Satoshi Labs, and I’ve found it to be secure, easy to use, and 100 percent reliable.

Trezor came to mind today when I learned that Satoshi Labs is having a sale on their Trezor devices.

The sale has been prompted by the coronavirus crisis. It will be in effect until April 1st.

If you’re holding any crypto at all, I suggest you check it out.

Go HERE to get to the Trezor product page.

When you order, use Coupon Code STAYSAFE15 during the checkout process.

That will give you a discount of 15% off the regular price for either of their main models.

Take a look.

As security specialist Jack Sterling from CloudHound said to me earlier today, there’s “Nothing like a pandemic to spur people to make security-centric decisions!”

What better time is there to take care of your cryptocurrency security?

 

 

 

It Sounds Cool, That’s For Sure!

“It certainly sounds cool. That’s for sure!’

That’s what Larry Pesavento said yesterday after our interview.

We had gotten together for a conversation on his TFNN program, Trade What You See.

Our main focus was bitcoin.

We examined the crytocurrency from three astro-trading perspectives.

First I reviewed the planetary price line structures currently defining the bitcoin trading action.

After that I shared by updated astro-cycle projections for bitcoin. Our latest work focused more closely on the impact of shorter-term cycles. That’s because we have a short trading history to work with.

This is the kind of cycles research that went into our book on Bitcoin Astrology.

Finally, after the commercial break, Larry and I discussed the impact of Mercury retrograde stations on the price of bitcoin.

This is a particularly powerful astro-trading trigger. It not only sounds cool to connect bitcoin rallies with Mercury stations. It’s also verified by our back-testing!

Along the way, there were some great questions from listeners to the show. It’s really wonderful to have such an interactive audience!

In response to those questions, we also chatted about current stock market conditions.

But the biggest item of curiosity was the role of transneptunian factors in astro-trading.

It Certainly Sounds Cool

We had a chance to discuss some of the background of the transneptunians and their amazing role in astrology. The move from the pre-World War II Hamburger Schule to the post-war presentation of the knowledge as Uranian Astrology is interesting.

And Larry commented that Bill Meridian had rectified his time of birth. Bill used the transneptunian planets to fine-tune his calculations in coming up with a precise birth time for Larry.

All that discussion added up to Larry’s observation that while the transneptunian factors may be challenging to understand, “it certainly sounds cool.”

This video replay features the complete interview from October 25.

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Poseidon Power?

“What’s Poseidon got to do with the markets?”

That was one of the questions that came up on Thursday when I joined Larry Pesavento for an interview on his Trade What You See program on TFNN.

We were discussing the potential impact of the transneptunian factor Poseidon.

I suggested that the July 29 direct station by Poseidon could usher in a shift in market direction.

That’s especially likely with the Poseidon station coming just a couple of days before the end of the Mercury retrograde period on July 31.

And sure enough, with today’s Poseidon station the S&P closed down 0.16% for the day.

The shift in the markets was not the only thing that Larry and I talked about on Thursday.

We also got into bitcoin, birthdays, and a whole lot more.

Here’s the entire interview segment: