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.
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!
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.