VOL 4 Issue #10 Mid May 2022 #BTC AstroCrypto Report Update
Disclaimer: * Please note I am not a financial advisor, this report should not be taken as financial, investment or trading advice. Bitcoin is a volatile, high risk asset. The author assumes no responsibility or liability for your investment decisions or any financial gains or losses based on the information in this report. Do your own research, technical analysis and due diligence before trading or investing in Bitcoin or any other assets !
Hi Folks, in the May 2 Forecast report we continued the drive home the overall gloomy situation facing Global Markets right now, and this has certainly been the case.
"Getting tired of saying it but as we all know major Macro economic factors and Geo Politics have been hammering the markets all year. These include record high inflation, The Fed raising interest rates, Global supply chain problems, new China Covid lockdowns and the ongoing war in Ukraine causing a world food shortage and driving up energy prices. Let's face reality, It's unlikely that any of these Macro issues change dramatically in Q2. This is a "risk off" year of "capital preservation" and cash is king right now despite inflation. I am not allocating any new capital into Markets right now with the possible exception of Gold."
Highly recommend this article
https://www.axios.com/2022/05/10/why-the-fed-may-not-bail-out-the-stock-market-this-time
The Fed giveth, and The Fed taketh away
On top of all the Macro/ Geo Politics factors, we also got a massive Crypto drama as LUNA coin crashed from over $100 to $0.0001 over the past two weeks, sending shock waves through Crypto markets which are still playing out, with unknown consequences. It's impossible to say whether there is more downside risk from this even in the short term.
#LUNA Coin Inception Chart: Looking at the LUNA Coin inception chart gives some perspective on what went wrong here. Although Luna Moon is conjunct Jupiter with dignity in Sagittarius, a "lucky combo" with great potential, there are are also many problems. First of all LUNA Sun is conjunct wildly volatile and unpredictable Uranus, a signal for exciting breakthroughs, but also sudden break downs. Additionally the LUNA Saturn, while having dignity in Capricorn is also conjunct the LUNA South Node, an indication of a project that has a "weak structure" that doesn't hold up under stress. Also LUNA wealth planet Venus debilitated in Aries is exact conjunct "wounded healer" Chiron suggesting deep wounds around money and wealth.
It all came crashing down as the April 30 Solar Eclipse in Taurus conjunct Uranus, was also widely Conjunct LUNA Sun/ Uranus bringing a sudden unexpected collapse.
Many have asked whether its worth buying some LUNA while it's down at $0.0001 ? There is some….
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