Bitcoin News Today: Astrology Meets Bitcoin: Celestial Signs Shape Trading Strategies

While the cryptocurrency market is often dominated by traditional financial tools like technical analysis and fundamental indicators, a growing segment of traders is exploring crypto astrology as a potential predictor of market movements. This approach, rooted in the belief that celestial bodies influence human behavior and, by extension, market activity, has seen a resurgence among traders seeking unconventional insights. According to recent data, psychic services—including astrology—have become a $2.2-billion business in the U.S. alone, with forecasts suggesting the market could expand to $22.8 billion by 2031 [1].

Crypto astrology operates on the premise that celestial events, such as planetary alignments and lunar phases, can serve as signals for market behavior. Prominent figures like Crypto Damus, a crypto astrologist with over 50,000 followers on X, claim to have used astrological indicators to predict major Bitcoin price movements, including tops in 2024 and a sell-off in early 2025. He attributes these predictions to specific planetary configurations, such as transiting Saturn conjunctions in Bitcoin’s natal chart—seen as bear market signals—and Jupiter, associated with abundance and potential cycle tops [1].

The concept of financial astrology is not new. A 2006 study by the University of Michigan found that stock returns were consistently lower on days around a full moon, across 48 countries. Similarly, a 2013 study from the University of Portsmouth noted potential correlations between moon phases and stock market performance. However, these findings are not universally accepted. Researchers cautioned that these correlations may be coincidental, as they often stem from reverse-engineering data to support a preconceived hypothesis [1].

The methodology for using astrology in crypto trading often involves creating a "natal chart" for a cryptocurrency—typically based on its genesis block—for Bitcoin, this would be January 3, 2009. Using an ephemeris, astrologists track planetary movements and overlay them with historical market data, identifying potential correlations between celestial events and price action [1]. While some traders swear by the insights gained from this approach, skeptics argue that there is no empirical evidence to support its effectiveness beyond what might be achieved by chance or other methods like AI or random algorithms.

For instance, the famous "Goxx Boxx" experiment—where a hamster named Mr. Goxx was trained to “pick” cryptocurrencies based on wheel movements—achieved a 46.6% return in 2021, outperforming major indices. However, this result was largely attributed to the bull market environment rather than any real predictive power. The project’s successor, Mr. Goxx 2.0, underperformed significantly, highlighting the unpredictable nature of such methods [1].

Crypto astrology proponents, like Ralph Hamelmann, a Canadian psychic life coach, suggest that the practice is more about creating a structured framework for decision-making than about making precise predictions. Hamelmann emphasizes that financial astrology provides traders with a disciplined approach, which, in itself, can lead to better outcomes than impulsive or uninformed trading [1].

While astrology has been practiced for thousands of years, modern crypto traders are applying it in novel ways. Crypto Damus notes that he combines astrological signals with traditional technical analysis and macroeconomic factors like Federal Reserve policy. This hybrid approach allows traders to gain additional context, potentially increasing confidence in trades when both astrological and technical indicators align [1].

Skeptics, such as technical analyst Craig Cobb, remain unconvinced by the efficacy of astrology in trading. Cobb, who has no interest in using astrological signals, argues that any system—be it astrology, tarot cards, or AI—can offer a framework for decision-making. The key factor, he insists, is discipline and risk management, rather than the specific method used [1].

As with many predictive tools, the use of crypto astrology remains controversial. While some traders swear by its insights, others view it as a form of pseudoscience with no measurable impact on real-world outcomes. Regardless of one’s stance, the continued interest in astrological indicators highlights the growing diversity of strategies employed in the crypto market.

Source:

[1] Astrology Could Make You a Better Crypto Trader: Here's Why (https://cointelegraph.com/magazine/astrology-could-make-you-better-crypto-trader-heres-why/)

[2] How Eclipse Season Impacts the Crypto Market (https://www.publish0x.com/astro-crypto/how-eclipse-season-impacts-the-crypto-market-sept-7-sept-21-xgnppln)