Market Watch: New Moon Tomorrow!

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I was going to write this yesterday or the day before, so I guess you'll just have to take my word for it... but I think Bitcoin is due for at least one more pump up before it starts to deflate again. At least that's what Goddess Moon is telling me, as the New Moon is tomorrow and marks the start of another ~2 week bearish period. According to this pattern, the real fireworks aren't going to start until October 20th during the full moon bottom.

In addition to this on the astrology side of things...

The month also kicks off with a reign of retrograde confusion, as we’ll have Pluto, Neptune, Uranus, Saturn, Jupiter, and Mercury retrograde happening at once. Thankfully, this wonky energy will start to break up after the first week of October, when some of these planetary backspins finally come to an end.

Yeah... we have six retrograde planets all at the same time. Three of these will end in October, including the main one (Mercury) on October 18th, right before the full moon. In a twist of fate Jupiter's will also end on the same day.

Mercury is often associated with communication and technology, and crypto is both. I'm expecting a crazy slingshot at the end of the month that sends Bitcoin skyrocketing past all time highs. Until then the market appears weak, as we may just be in a dead-cat-bounce.

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However, I've made my stance pretty clear: I've been waiting for Q4 2021 for four years, and I'll be damned if I'm going to change my predictions now. $250k+ BTC in three months... lets go. Of course when the market thinks something is going to happen it usually doesn't because traders will trade around that prediction. If Bitcoin was "only" around $100k at the end of the year I'd still be forced to take some gains, but I wouldn't assume that the party was over. Don't forget, Bitcoin currently has a pattern of one bull market every 18 months, which means there's a significant chance that the real mega-bubble materializes in summer 2022. We'll just have to see how high above the doubling curve we get in Q4.

This would also give plenty of time for bears and panic sellers to take gains / sell the bottom, as a 40% correction in February/March would scare the hell out of everyone. Just enough time to bottom out one more time before the big one. Again, it all depends on how high we get above the doubling curve. I think we should easily be able to go x10 higher considering the fundamental developments and sidelined institutional money. That ETF is going to get approved eventually, and when it does you can be damn sure that I'll be taking gains rather than FOMOing in at the last second like the rest of the newbies.

El Salvador subsidizes gas prices (20 cents).

In other news, El Salvador is offering a 20 cent reduction in gas prices to anyone that pays using their Chivo Wallet based on the lightning network. I was really wondering how this was going to play out, and now it's making more and more sense. By not only forcing citizens to use the Chivo Wallet in addition to the Lightning Network, we see that once again this is an extremely centralized solution controlled by the elite. Honestly I was wondering when the ugly face of centralization would appear in the El Salvador drama, and I got my wish. No matter though. Progress is progress. Two steps forward, one step back. Just ask the retrograde.

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XRP lawsuit

"We were all granted amicus status today!" Deaton wrote on Twitter, where the ruling was celebrated by cryptocurrency enthusiasts.

The SEC is mad that the judge ruled that XRP holders are "friends of the court" and are allowed to offer the court their perspective on whether Ripple violated securities laws. Of course the SEC contests this decision because XRP holders are obviously biased. In fact, XRP holders are the most fanatical zealots I've ever seen in the space, of course they will do everything in their power to "protect their investment".

This is hilariously ironic, because the SEC's entire narrative hinges on the idea that they exist to protect investors, yet they don't want the opinions of said investors to come out in court. Obviously, they do not exist to protect investors, but rather serve the entities that control government (central banks / billionaires). Every month that goes by it seems that regulators are more and more out of touch with what they are actually supposed to be doing, with massive insider trading being revealed all the time (including now) and no one being brought to justice for their crimes. Not that I care because I'm extremely anti-prison-industrial-complex. These situations only serve to highlight the subjective hypocrisy of the entire system.

Clarity for Digital Tokens Act of 2021

Hester Pierce's proposal to create a "safe harbor" for token sales also seems to be gaining some traction. This would allow many projects to avoid certain securities laws and protect them from the SEC coming after them years later like they did with Ripple Labs. I assume there is a fair amount of pork in the bill that would somehow benefit those who enacted the law, but I'll take what I can get.

Conclusion

In my opinion Bitcoin must be trading at all time highs ($65k) by the end of October for a Q4 mega-bubble to materialize. This would be in line with what happened in both 2013 and 2017, although already this time around is quite a bit different because the market tried to price in the mega-bubble early. Still, volume is building as we speak and momentum is increasing.

Unfortunately, these moon cycles, which have been insanely accurate thus far, are turning bearish tomorrow. I think at best we can test $55k before trading sideways or down. Hopefully the snapback at the end of the month will be a thing of legend. If astrology has anything to say on the matter (two retrogrades ending and a full moon starting on the 20th) we should see some major fireworks in the last week of October.

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27 comments
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I'm sure we see some retracement somewhere, but I expect the end of the year to be a lot of fun!

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At this point, I don't even know if a BTC ETF will come out anytime soon. It almost looks like the governments want to push out a CBDC first but I have a feeling the banks will push back against it.

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My gut feeling tells me the US will have its first Bitcoin ETF approved by eoy. I believe this will be a major catalyst for BTC's insane price appreciation. Or the ETF will come as the demand spikes... Either scenario is possible :)

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Am quite confident that the crypto bull will sorely come before the year runs out because cryptocurrency market has been on the downtrend for long and the charts look bright for the market presently

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0.20 per gallon of gasoline imagine giving away the btc that I have received for simple and miseries 0.20 knowing that at the end of the year I can get 10 times that ever,
Regarding the complete centralization of El Salvador, although we are working on that, but I think there is no other way to massify the 6 million inhabitants, for now we are enjoying the US $ 30.00 airdrop, although many people do not want them, they are selling them for US $ 20 or 25. Imagine the bargain you can get buying them at those prices, I already got a few very few pennies but I hope to earn enough to buy myself a coffee, or as someone said win for whores and alcohol in a few days, jaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
nothing like spending the critpo earned with the sweat of your brow on girls and alcohol uffffffffffff
but hey already seriously we are all waiting for this end of the year bonba, unfortunately I made mistakes along the way that I have left with trash and with my deflated hive wallet but at least I hope to get some cash enough to buy back and rebuild unfortunately some decisions were not correct, dogecoin and cub were not the best but it was costly to pay for an intensive DEfi course so there is not much to regret.

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You need a good woman in your life man, you also need to compound your BTC investments somehow, like doing a BTC/RENBTC pair or something.

I think we should all be investing in a crypto index fund here sometime in the near future.

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(Edited)

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Yes we need a beautiful young girl, that shares our pasión AND great loveli for mushrooms AND life too
Thanks a lot.

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You are a very lucky man with women, I have seen it, they look at me and you talk to them, I am the cute one and you the one who knows how to talk to them, so wait until you are 50 years old and then if you can get married, while , live life, you still have many years left, so have fun :)

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hackx :D Hive pumps. Nice cheat. please repeat

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Perfect! My leveraged longs can get liquidated tomorrow. Freakin yay.

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(Edited)

If the resistance here gets broken you could be right.

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But it might just be a double top

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I've seen others draw that resistance line as well and I think it's way off base.
There is no resistance there, and people only started drawing the line after they could be like "omg double top".

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Well it was responsible for the pull back seen in 2018 which was the reason why I thought it was significant. In fact, if you look at the chart now it shows that it was a bigger resistance as prices pulled up by 5% after it was breached.

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I support you. BTC is going to touch 65k at end of this month. After it break the 50k ,is going to do correction before it will continue on it bullish rally that will take it to 65k. But we are expecting BTC to get 100k by the end of this year.

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I tell you what, this whole XRP thing has been awesome to follow. I don't really care for the token or have much invested in the company, but watching them make the SEC squirm a little bit has been priceless. I love it.

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Yeah I thought they were going to get thrashed in court but even if they lose the SEC will think twice about booting up a lawsuit with crypto fanatics.

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I've been impressed by how confident they have been through this whole thing. Ripple that is. It's like they knew all along this wasn't going to be a quick win for the SEC. I am loving it!

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I greatly appreciate your research. I am an advocate for the astrological system we are built from and seek to understand more of its impact on crypto.
Great post!

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