Photo by Aleksi Räisä on Unsplash
In this article, I will take a look at previous Venus retrograde periods and how they have influenced XBT/EUR price action. Or BTC/EUR. Or Bitcoin and the Euro.
If You want to know the meaning of retrograde periods from the perspective of Mercury retrograde then check out my videos here:
Just a word of warning, these videos are more from a spiritual perspective. But the describe the meaning of the retrograde period.
I will focus on the last four Venus retrograde periods which were:
December 21, 2013 — January 31, 2014
July 25, 2015 — September 6, 2015
March 4, 2017 — April 15, 2017
October 5, 2018 — November 17, 2018
It is important to mention here that each retrograde has a shadow period. This means the influence is already strong two weeks before and two weeks after the retrograde movement.
Venus retrograde is especially important for all things related to money and financial markets. This is why I decided to focus on BTC for this article. And retrograde periods are usually periods when things are a little haywire, more problems occur, etc with the things involved or represented by the planet. Or I should say, influenced. This time Venus. Other areas that will be under strong focus: relationships, partnerships, money, beauty, beauty industry, food, food industry, nature (anything to do with nature), women, voice, design, music, art, anything related to finances.
December 21, 2013 — January 31, 2014
Price action started from 630 EUR on the 7th of December and closed on the 14th (end of the shadow period) at 498 EUR. Or -21%. It is also worth a mention that during this period we had a drop down to 243 EUR. Or -61%. A good time to hold a short position for sure. Even if You held Your position from start to end, a nice 21% profit.
July 25, 2015 — September 6, 2015
Price action started from 262 EUR on the 11th of July and closed on the 20th of September (end of the shadow period) at 204 EUR. Or -22%. It is worth a mention that the low of the period was at 175 EUR. Or -33%. Again, similarly, a short position would have netted the trader a nice profit.
March 4, 2017 — April 15, 2017
Price action started from 992 EUR on the 18th of February and closed on the 29th of April 2017 at 1214 EUR. It is worth a mention that the low of the period was at 816 EUR. This was somewhere at the beginning of that epic 2017 BTC bull run. We can see that the end of the period closed in profit +22% but the low was -18% from the start of price action. A trader could have gone either way here. A more difficult time to maneuver. A long position would have been preferred.
It is here I have to mention that during retrograde periods I do usually have a bearish bias because retrograde usually means some sort of problems with the planet and things it represents.
October 5, 2018 — November 17, 2018
Price action started from 5519 EUR on the 21st of September and closed on the 1st of December 2018 at 3360 EUR. Or -39%. It is worth a mention that the low of the period was at 3046 EUR. Or -45%. A very clear position for a short.
You can see the Venus retrograde periods have not been kind to Bitcoin. Or XBT/EUR pair.
In order for us to set price targets, we have to wait for the close on April 30th (approximately 2 weeks before the retrograde period starts and the beginning of the shadow period.) A good idea would be to look for an approximately 20–40% pull-back. And after that pull-back or low of the period has been reached, start looking for longs. Because most of these periods have a bigger pull-back to around 20–40% from the start of the price action. And then a recovery.
This is not financial advice!
Ian Altosaar
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