Thai crypto investors turn to tarot cards, divine signals to predict market

Crypto and stock investors have always found interesting and sometimes bizarre ways to “predict” the market’s ebbs and flows. 

Some have 

Even in parts of the Western world, self-described astrologers have also been using signals from the stars to divine price movements in crypto.

During the 2021 crypto bull market, the United States-born TikTok astrologer Maren Altman gained a following of millions for her astrology-backed Bitcoin price predictions.

Altman told Magazine in January she was “familiar with financial astrology, so it just made sense to apply it to cryptocurrency.”

Didi Taihuttu, a Dutch-born Bitcoiner and “Bitcoin family” patriarch — who sold all their assets in 2017 and lived off Bitcoin since — has a homebrew market indicator that considers moon cycles alongside directional trading data to flag buy and sell opportunities for Bitcoin.

I received many questions about the Bam Bam #bitcoin Indicator and why also moon cycles are part of it. It’s another confirmation that gives you help with deciding when to sell and buy. This research article is a good explanation. https://t.co/hQfhzeXSoG

— ₿ Didi Taihuttu ₿ ALLIN (@Diditaihuttu) July 13, 2023

One Redditor postulated that there could be an indirect relation between astrology and prices, as belief in it could cause traders to “act accordingly” — and thus cause a shift in prices in itself through a self-fulfilling prophecy.

As for what lies in store for Bitcoin in the near future, the pseudonymous crypto-focused astrologer “Crypto Damus” claimed in an Oct. 18 X (Twitter) post:

“Mars is lining up to make a favorable sextile to [Bitcoin] natal Mars over the next several days, (with Mercury cazimi),” which is assumedly positive as they claim it shows strength and will “pump the market.”

However, the “transit of Mars in Scorpio generally hasn’t been that good for BTC” they said — whatever that means.