NEW BUY PATTERN FOUND COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX

in #bitcoin7 years ago (edited)

🐒 24hr VOLUME BTC / CRYPTO CURRENCY ( ALT COINS ) and BTC price comparison

I feel like a lot of Bitcoin when purchased goes to Bittrex or Poloniex in order to trade other Alt coins.
So I decided to start watching the 24hr volume of BTC traded on Bittrex and Poloniex to see how it correlates with the Bitcoin price.

🐒 The 24hr volume BTC is the number of Bitcoins used to trade AltCoins on Bittrex and Poloniex .

🐒
CHART # 1:
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
GOLD LINE = BTC PRICE

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SUMMARY

🐒 I may have isolated a possible chart pattern showing the possibility of Bitcoin rising in price . The pattern works like this when the first 2 consecutive days in a row the volume blue column falls ( they are marked with a Bitcoin symbol ) When this occurred it is a signal to Buy Bitcoin and then Sell it approximately 48hrs later. Below are the results of using this Buy pattern.

BITCOIN BUY PATTERN

DATEBUY PRICESELL AFTER 48HRPROFIT / ( LOSS)
5/27/2017$ 2040$ 2268$ 228
6/02/2017$ 2428$ 2560$ 132
6/08/2017$ 2781$ 2877$ 96
6/15/2017$ 2320$ 2564$ 244
6/22/2017$ 2668$ 2714$ 46

🐒 Now for a completely different Sell pattern it works like this I have circled two volume highs and the btc price also made intermediate highs then as well . Now I'm thinking that if Bitcoin runs up again in price in new highs I should be watching the volume on this chart and if the volume makes a high above the last high of 400,398 I will be selling some of my Bitcoin.

We will be posting this daily in hopes to help trade Bitcoin .

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DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.

It is strongly recommend that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.

Please voice your opinions in the comments below.

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No trade today

Thanks for sharing about this. Always interesting to learn more about what's going on Bit

Thanks for update
Have a great friday

Thanks for your posting, short term trading.
i see
Thanks

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