While many crypto traders are busying themselves with wacky Fibonnaci charts and Bollinger Bands, there’s a growing cohort of traders who say prices can be predicted by crypto astrology.
“Psychic services,” which include astrology and other divinations, have become a $2.2-billion business in the US alone, and some forecasts estimate astrology could be a $22.8-billion industry by 2031.
Meanwhile, a recent Pew Research Center Study that surveyed 9,593 Americans found that in 2024, about 28% of people said they consulted astrology at least once a year. Social media is also chock-full of stock and crypto traders who claim to use their “high self” to win in the stock market.
That being said, astrology has its critics.
Professional crypto day trader Craig Cobb, a technical analyst, tells Magazine he would never in a million years consider using astrology to make a trade.
“For me, I would never do it. I would never, ever, EVER trade based on astrology or the moon phase,” Cobb tells Magazine, adding he’d much rather go fishing on the moon.
“Since markets were around, everyone’s been trying to find a way to profit from them, whether they use astrology or technical analysis or fundamental analysis,” says Cobb, whose career depends on using technical analysis to make his calls.
But others swear it works. Could astrology and other “divinations” really predict crypto prices — or at least provide a framework to help make trading calls?
Crypto astrologists certainly think so
The moon’s gravitational pull does actually influence the ocean’s tides, and astrology takes this idea a step further and posits that the movement of celestial bodies such as planets, moons and stars generates energetic shifts that impact human behavior.
And since the stock and crypto markets are made up of billions of individual people with particular wants, emotions and desires, the theory is that financial astrology can be used to predict market movements.
Crypto Damus is one of the most high-profile crypto astrologists in the game with 50,000 followers on X. He tells Magazine he predicted all three major Bitcoin tops in 2024, along with the extended summer sell-off, simply by looking at the planets.
More recently, he says he tipped the Bitcoin sell-off in the first four months of 2025 by tracking “transiting Saturn conjunctions in the Bitcoin natal chart” among other signs.
“Saturn is a kind of heavy, serious fear planet,” explains Damus. “It’s a bear market signal in financial astrology.”
Conversely, Jupiter is the biggest and brightest star and represents abundance and prosperity and could signal cycle tops, he says.
“It definitely works if you know how to use it.”
Skeptics and rationalists will be shaking their heads at this, but there is some evidence of at least tenuous links between what’s going on above our heads and markets.
A 2006 study from academics at the University of Michigan found that stock returns are lower on the days around a full moon by 3%-5% per annum across 48 countries.
The researchers also noted the lunar effect wasn’t explained away by macroeconomic factors or global shocks and was independent of other calendar-related events like days of the week or national holidays.
However, the researchers also noted that the study came from them starting from the conclusion and then trying to find data to back it up, so the correlation could be “simply due to chance.”
Another study in 2013 from two academics at the University of Portsmouth also found some data that suggests moon phases impact the stock market.
Damus says the moon phases are just the tip of the astrology iceberg.
“People say, ‘Well, the moon moves tides and the oceans, right?’ But does Pluto move the tides in the ocean? That’s a much harder argument to make.”
“So, I don’t think it’s really gravity. I don’t think it’s anything that could be measured scientifically; it’s some kind of like, quantum physics level, spooky action at a distance.”
Using astrology to predict crypto prices
So, let’s assume for the sake of argument there is something to it. What is the actual process used for predicting crypto prices using astrology?
One way to do it is to assign a “natal chart” to a specific cryptocurrency or security.
A natal chart maps all the planets and stars in the sky at the exact time and place of birth.
“They might look at the date the particular stock went on the market and use that as a natal chart. And then they would actually take that natal chart and…
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