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bitcoin mercury retrograde
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Will Mercury In Retrograde Bring A Mood Shift In Bitcoin?

Tony Spilotro by Tony Spilotro
2 weeks ago
in Bitcoin
Reading Time: 3 mins read
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Bitcoin is in free fall, just as Mercury goes retrograde for the second time in 2022. The astrological event is blamed for all kinds of miscommunications and technology-related issues. It also appears to have a correlation with major mood shifts and pivot points in Bitcoin price.

With today starting another phase of Mercury in retrograde, let’s take a look at how the planet-related phenomenon might impact price action across crypto.

What Is Mercury In Retrograde? Examining The Astrological Event

Mercury’s period of retrograde motion begins today, and lasts through June 2, 2022. According to The Old Farmer’s Almanac, “Mercury Retrograde” is an event that happens three times per year where the planet appears to have “abruptly switched directions and has started to move in reverse across the sky.”

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Interestingly, its appearance has been closely correlated with moments when Bitcoin price action has “abruptly switched directions.”

Related Reading | Bitcoin Perfectly Follows Market Cycle Comparison, What Comes Next For Crypto?

The planet, like the Roman messenger god it is named after, supposedly rules communications, which includes technology, transactions, and even contracts such as options, futures, etc. If you notice sudden computer problems over the next three weeks or issues stemming from a mistyped text message, it is Mercury to blame.

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But back to Bitcoin. The top cryptocurrency has shown major mood shifts and pivots precisely when the retrograde period rolls around. Take a look.

BTCUSD_2022-05-10_15-27-18

What will Mercury in retrograde bring? | Source: BTCUSD on TradingView.com

Why Bitcoin Might See A Mood Change And How Math May Involved

Notable moments in Bitcoin price action that coincided with Mercury-driven mayhem include the 2017 bull market peak, the plunge toward the bear market bottom, the breakout just before the bull run in 2020, and even the most recent lows in January 2022 that were only just now taken out a day ahead of going retrograde.

Since not all shifts in investor sentiment are negative when this period rolls around, there is no telling what comes next – only that the period can produce dramatic results. Bears are hoping to push prices down to further lows, while bulls are hoping for targets closer to where Mercury resides in outer space.

Related Reading | Time Vs Price: Why This Bitcoin Correction Was The Most Painful Yet

In terms of why Mercury might have an impact on those of us on Earth, well, it could come down to math. The solar system has interesting and unusual relationships with the Fibonacci sequence – a tool often used in predicting price action in markets.

For example, a year on Earth is 365 days, or nearly a full 360 degrees of a circle. A year on Venus is 225 days, which is roughly the 0.618 Fibonacci ratio of Earth’s cycle. A Mercury year is 87.97 days, and is roughly the 0.236 Fibonacci ratio of the Earth’s cycle.

Could this close relationship with Fibonacci be the reason for Mercury’s extra-powerful impact on us here on Earth?

BTCUSD_2022-05-10_16-33-33

Mercury goes retrograde as Bitcoin retests the golden ratio. Coincidence? | Source: BTCUSD on TradingView.com

Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com
Tags: astroastro cryptoastrologybitcoinbtcmercury in retrograde
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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