I dont believe in horoscopes, but moon cycle influence on the stock market makes me a believer in astrology lol. Consensus is that new moon is bullish for risk and full moon is the end of risk taking. During full moon people argue more and there's a belief that we get less sleep.
Note
based on the "idea", next full moon will be in 19th august. Curious to see if bitcoin will start dumping. Tomorrow or Wednesday (14 or 15th) is important CPI report (that should be the driver for markets).
Note
BTC ceiling, according to moon cycle 👀
Note
"In that study, researchers discovered that around the full moon, people spent 30% less time in NREM sleep (deep sleep) and slept for 20 minutes less than when there wasn't a full moon. These changes were also associated with decreased levels of melatonin."
here's the answer. New Moons don't mater. Periods around Full Moon cause people to sleep less. It could mean both euphoria and fear.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.