BTC Update Thursday January 26th: Venus in Pisces Today
Hi Folks, I though this week would a little better on Sun sextile Jupiter, but so far our weekly forecast is holding up pretty well, we had a big wick up to 23700 yesterday on the Moon Jupiter conjunction for a new yearly BTC high, which was one of the days I called as a possible rally top !
GDP came a in a bit better than expected and consumer spending held steady, so we are not currently in recession by the usual standards and the Labor Market remains tight, good news for the economy but gives The FED room to raise rates again. Still Markets ate somewhat flat
"Gross domestic product increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’s initial estimate showed Thursday." Not a recession (yet)"
*Bloomberg
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Astro Factors Venus in Pisces Today
The big question today is how Venus leaving Crypto friendly Aquarius and entering not so friendly Pisces today 6:30pm Pacific will play out. So far the rally has correlated almost precisely to Venus in Aquarius starting January 2.
Venus is "exalted" in Pisces so it's not a bad placement, AND it will make a conjunction to BTC Venus and sextile to BTC Pluto and Mars However Pisces hasn't been favorable in 2021-22 for #BTC so there is a big concern here.
We initially thought Jupiter's ingress into Pisces would be a favorable too in May 2021 but we got a market crash instead, Jupiter in Aquarius was much more favorable, so caution is now advised
Major Favorable Aspects on Sunday
Still things should hold up through the weekend as we head into series of favorables on Sunday the 29th With Sun trine Mars and Mercury trine Uranus this is another candidate for a rally top
Also with Sun on the favorable BTC North Node, on top of that Jupiter will square BTC Mars, a possible favorable but unstable aspect that could hit a blow off top. Rally could "maybe" last into Monday the 30th as the Moon sextile Jupiter and conjunct Mars but trine Sun activates the ongoing favorable Sun - Mars trine
After that things are less favorable, depending on venus in pisces there is a possible nice Venus sextile to BTC Mars on the 31st, but after the Feb 1 FOMC we head into difficult aspects with Sun square Uranus on Feb 3, a nasty Venus square Mars Feb 4 and a another tough Full Moon square Uranus Feb 5.
So based on this I'll be closing all long positions Sunday - Monday and stay flat or start to look to short the Fed meeting.
The main date right now for a larger sell off is roughly around Feb 11 plus or minus 2-4 days
*Look for a special report on a possible Crypto Market crisis in late February -March sending out tomorrow !