{"id":427713,"date":"2020-06-17T18:30:11","date_gmt":"2020-06-17T18:30:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=427713"},"modified":"2024-06-11T09:31:42","modified_gmt":"2024-06-11T09:31:42","slug":"mercury-in-retrograde-bitcoin-astrology","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/mercury-in-retrograde-bitcoin-astrology\/","title":{"rendered":"Mercury in Retrograde: Why Bitcoin Traders Fear The Astrological Event"},"content":{"rendered":"<p>While crypto traders watch and wait for <a href=\"https:\/\/uniquehot.com\/2020\/06\/17\/bitcoin-volatility-bollinger-mercury\/\">Bitcoin&#8217;s next major move<\/a>, word is spreading like wildfire regarding an astrological event kicking off today that could have a dramatic impact on the asset&#8217;s price action during the nearly month-long phase.<\/p>\n<p>But what exactly is Mercury in Retrograde, and how does it impact Bitcoin and other cryptocurrencies?<\/p>\n<h2>Mercury in Retrograde Begins Today: What Does This Mean For Cryptocurrencies?<\/h2>\n<p>Today, <a href=\"https:\/\/www.almanac.com\/content\/mercury-retrograde-dates\" target=\"_blank\" rel=\"noopener nofollow\">at approximately 12:59 AM Eastern Daylight Time<\/a>, Mercury, the smallest and innermost planet in the solar system went into &#8220;retrograde.&#8221;<\/p>\n<p>This phase is preceded by a &#8220;Pre-Shadow phase&#8221; beginning on June 2. Mercury in Retrograde will last until July 12, when the celestial event concludes.<\/p>\n<p>As Mercury floats across the night sky, during the retrograde phase, the planet appears to move backwards. This isn&#8217;t extremely uncommon, happening three times per year on average.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2020\/03\/09\/mercury-in-retrograde-can-astrology-predict-bitcoin-price-cycles\/\">Can Astrology Actually Predict Bitcoin Price Cycles?\u00a0<\/a><\/strong><\/em><\/p>\n<p>Its significance isn&#8217;t within its rarity, but in the implied impact the astrological event has on human behavior.<\/p>\n<p>Astrology is the study of how celestial bodies such as stars, the moon, and planets, influence human emotion and behavior patterns.<\/p>\n<p>Mercury in Retrograde has been blamed for broken friendships, relationships coming to an end, and other misfortune.<\/p>\n<p>Price action, and the regular tug of war between buyers and sellers, also plays out based on human emotions and patterns. Because of this, Mercury in Retrograde can have a significant impact on asset prices, such as Bitcoin.<\/p>\n<figure id=\"attachment_427715\" aria-describedby=\"caption-attachment-427715\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"wp-image-427715 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/mercury-in-retrograde-bitcoin-crypto.png?fit=860%2C860\" alt=\"bitcoin mercury in retrograde\" loading=\"lazy\"><figcaption id=\"caption-attachment-427715\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/x\/238nS7VV\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2>Astrological Event Could Determine If Bitcoin Is Bullish or Bearish<\/h2>\n<p>Mercury in Retrograde is so significant, it&#8217;s written about all over the internet, usually as relationship or career advice and horoscopes. People often search for how to navigate their emotions during the event to avoid experiencing any loss.<\/p>\n<p><a href=\"https:\/\/twitter.com\/SalsaTekila\/status\/75180545?s=20\" target=\"_blank\" rel=\"noopener nofollow\">Crypto traders are also making memes<\/a> and sharing anecdotes regarding the astrological event&#8217;s impact on Bitcoin price action.<\/p>\n<p>While jokes are being made, the potential impact of Mercury in Retrograde on Bitcoin appears to be no laughing matter.<\/p>\n<p>In the chart above, each Mercury in Retrograde phase over the last year has been outlined in red. Note how each phase, has led to a major collapse in the cryptocurrency.<\/p>\n<figure id=\"attachment_427714\" aria-describedby=\"caption-attachment-427714\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"wp-image-427714 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/mercury-in-retrograde-bitcoin-crypto-2.png?fit=860%2C860\" alt=\"bitcoin mercury in retrograde\" loading=\"lazy\"><figcaption id=\"caption-attachment-427714\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/x\/smi8ZxCX\/\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Zooming out further, in the chart above, it appears as though during bear markets, Bitcoin crashes with each Mercury in Retrograde. However, in bull markets, each phase brings about a massive bullish impulse.<\/p>\n<p>The one deviation from this rule, was in early 2019, as Bitcoin broke out from below $4,000 and took off towards $14,000. At the top of that move, another bear market and Mercury in Retrograde phase began.<\/p>\n<p>Interestingly, the June 2 &#8220;Pre-Shadow phase&#8221; also was the exact date Bitcoin was recently rejected from nearly $10,500, sending prices back below the resistance level again.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2020\/06\/14\/unusual-bitcoin-notorious-volatility\/\">This Unusual Factor Could Reignite Bitcoin\u2019s Notorious Volatility\u00a0<\/a><\/strong><\/em><\/p>\n<p>The full Mercury in Retrograde phase is now back, and Bitcoin price is at a critical junction. How the asset responds during this astrological event could determine if the cryptocurrency is in a bear or bull market.<\/p>\n<p>If Bitcoin breaks up with a powerful impulse, it could be a signal that the bull market is here. Another collapse could extend the bear market even further, starting with today&#8217;s kick-off of the event.<\/p>\n<p>Whatever happens, is likely to happen soon now that Mercury in Retrograde is underway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While crypto traders watch and wait for Bitcoin&#8217;s next major move, word is spreading like wildfire regarding an astrological event kicking off today that could have a dramatic impact on the asset&#8217;s price action during the nearly month-long phase. But what exactly is Mercury in Retrograde, and how does it impact Bitcoin and other cryptocurrencies? Mercury in Retrograde Begins Today: What Does This Mean For Cryptocurrencies? Today, at approximately 12:59 AM Eastern Daylight Time, Mercury, the smallest and innermost planet in the solar system went into &#8220;retrograde.&#8221; This phase is preceded by a &#8220;Pre-Shadow phase&#8221; beginning on June 2. Mercury in Retrograde will last until July 12, when the celestial event concludes. As Mercury floats across the night sky, during the retrograde phase, the planet appears to move backwards. This isn&#8217;t extremely uncommon, happening three times per year on average. Related Reading | Can Astrology Actually Predict Bitcoin Price Cycles?\u00a0 Its significance isn&#8217;t within its rarity, but in the implied impact the astrological event has on human behavior. Astrology is the study of how celestial bodies such as stars, the moon, and planets, influence human emotion and behavior patterns. Mercury in Retrograde has been blamed for broken friendships, relationships coming to an end, and other misfortune. Price action, and the regular tug of war between buyers and sellers, also plays out based on human emotions and patterns. Because of this, Mercury in Retrograde can have a significant impact on asset prices, such as Bitcoin. Astrological Event Could Determine If Bitcoin Is Bullish or Bearish Mercury in Retrograde is so significant, it&#8217;s written about all over the internet, usually as relationship or career advice and horoscopes. People often search for how to navigate their emotions during the event to avoid experiencing any loss. Crypto traders are also making memes and sharing anecdotes regarding the astrological event&#8217;s impact on Bitcoin price action. While jokes are being made, the potential impact of Mercury in Retrograde on Bitcoin appears to be no laughing matter. In the chart above, each Mercury in Retrograde phase over the last year has been outlined in red. Note how each phase, has led to a major collapse in the cryptocurrency. Zooming out further, in the chart above, it appears as though during bear markets, Bitcoin crashes with each Mercury in Retrograde. However, in bull markets, each phase brings about a massive bullish impulse. The one deviation from this rule, was in early 2019, as Bitcoin broke out from below $4,000 and took off towards $14,000. At the top of that move, another bear market and Mercury in Retrograde phase began. Interestingly, the June 2 &#8220;Pre-Shadow phase&#8221; also was the exact date Bitcoin was recently rejected from nearly $10,500, sending prices back below the resistance level again. Related Reading | This Unusual Factor Could Reignite Bitcoin\u2019s Notorious Volatility\u00a0 The full Mercury in Retrograde phase is now back, and Bitcoin price is at a critical junction. How the asset responds during this astrological event could determine if the cryptocurrency is in a bear or bull market. If Bitcoin breaks up with a powerful impulse, it could be a signal that the bull market is here. Another collapse could extend the bear market even further, starting with today&#8217;s kick-off of the event. Whatever happens, is likely to happen soon now that Mercury in Retrograde is underway.<\/p>\n","protected":false},"author":517,"featured_media":427717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,6664,77406,76835],"class_list":["post-427713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-crypto","tag-mercury-in-retrograde","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Mercury in Retrograde: Why Bitcoin Traders Fear The Astrological Event<\/title>\n<meta name=\"description\" content=\"While crypto traders watch and wait for Bitcoin&#039;s next major move, word is spreading like wildfire regarding an astrological event kicking off today that\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/mercury-in-retrograde-bitcoin-astrology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercury in Retrograde: Why Bitcoin Traders Fear The Astrological Event\" \/>\n<meta property=\"og:description\" content=\"While crypto traders watch and wait for Bitcoin&#039;s next major move, word is spreading like wildfire regarding an astrological event kicking off today that\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/mercury-in-retrograde-bitcoin-astrology\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-17T18:30:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:31:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/bitcoin-mercury-in-retrograde-shutterstock_344787014-scaled.jpg?fit=2560%2C1440\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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