No Trade Today Stay In Cash / COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX
🐒 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 .
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CHART # 1:
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase trading platform GDAX
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🐒 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 YELLOW #1 ) 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
| DATE | BUY PRICE | SELL AFTER 48HR | PROFIT / ( 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 |
| 7/01/2017 | $ 2503 | $ 2485 | ( $ -18 ) |
| 7/07/2017 | $ 2582 | $ 2557 | ( $ -25 ) |
| 7/10/2017 | $ 2512 | 2338 | ( $ -174 ) |
🐒 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.
I 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.
SUMMARY
🐒 No Trade Today Stay In Cash using this system
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.
Can you please recommend me a bitshares wallet for mobile phone. I try few times with my laptop but since it is an old one it didn't work. Thanks a lot! I know it's a bit offtopic but looks like you know a lot...
georgemales I don't have any experience with Bitshares but I would recommend asking @officialfuzzy I believe he will be able to help you.
Thanks a lot for the replay. I will ask him!
bitcoin is best
Thanks for the info, I'm just turning SBD into SP today :-) Can't get enough LOL
Cheers
You've done a great research analysis. Weldone @me-tarzan
This is awesome information. Thank you so much
.