BITCOIN PROFIT-TAKING SYSTEM #3 <<>> Watching for another Volume Price High
🐒 SYSTEM #3
🐒 Bitcoin is higher but I am still waiting for the volume to confirm another potential intermediate high
The 24hr volume BTC is the number of Bitcoins used to trade AltCoins on Bittrex and Poloniex .
I am watching the Volume price high closely . The purple circles for a completely different and Sell to exit long position only pattern.
It works like this: I have circled two volume highs on the chart and the btc price also made intermediate highs then as well . Now I'm thinking that as Bitcoin runs up again in price in new highs I should be watching the volume on this chart and if the volume makes two consecutive highs above 300,000 I will be selling some of my Bitcoin and then look for a place to repurchase the Bitcoin that I sold .
🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
🐒 Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
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Below spreadsheet results for SYSTEM # 3
NOTE : The volume and price are recorded at 7:00 AM EST and are not the highs or lows
| Date | Vol > 300,000 | Vol < 300,000 | Sell BTC Price | BuyBack Btc Price | % Drop in Price | Cumulative $ Value Gain/(Loss) per Bitcoin |
|---|---|---|---|---|---|---|
| 5/24/2017 | 357,571 | ----- | ----- | ----- | ----- | ----- |
| 5/25/2017 | 393,366 | ----- | $2806 | ----- | ----- | ----- |
| 5/26/2017 | ----- | 273,288 | ----- | ----- | ----- | ----- |
| 5/27/2017 | ----- | 258,013 | ----- | $2040 | 27.29% | $766 |
| 6/10/2017 | 329,914 | ----- | ----- | ----- | ----- | ----- |
| 6/11/2017 | 400,398 | ----- | $2905 | ----- | ----- | ----- |
| 6/14/2017 | ----- | 252,396 | ----- | ----- | ----- | ----- |
| 6/15/2017 | ----- | 251,288 | ----- | 2320 | 20.13% | $1351 |
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SUMMARY
🐒 By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded
🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
🐒 Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
🐒 Today Hold LONG BTC POSITION using this system
🐒
DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial adviser 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.
SUMMARY
🐒 Today Hold LONG BTC POSITION using this system
🐒 By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded
🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
🐒 Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial adviser 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.
🐒
This info was enlightening to me as you went deep into the statistics i truly learned some good stuff here , thanks for sharing
Hi @me-tarzan am a newbi in steemit. i have follow you and upvote you. help me to follback me and upvote 😀😀😀 @abu.amann
bitcoin will surpass 1 million dollar milestone in next 3-5 years...!!!
Thanks on this..Im sort of a volume guy myself. Wondering how far you back tested this idea? 5-24-17?
you make good analysis here, and guess what, i do check your post daily, to reconfirm your assertions, but the downside is, you dont really engage in your comments. I have some questions i would have asked you.
Agreed :) I feel the same.
Thanks for information!
Thats really interesting @me-tarzan !
Never thought volume would give such insights of price. In forex its (volume) useless ! I will keep a track of it....
I do fractal trading which I publish here... Its been really smooth profits:
https://steemit.com/trading/@aarcee/bitcoin-btc-usd-trade-profit-booked-today-22-aug-2017
Will keep a track of volume also... Thanks
So is this a trading strategy specifically for BTC 24 hour volume on Bittrex?
I was watching it yesterday quite a lot, and I saw it most of the time at around 95,000 volume..
I'm interested in these kinds of strategies, etc. Talk soon!
Hey bro, did you make some profit too, you might need to hold a while, until @me-tarzan analysis suggests a sell.
Or if he could just reply :D That would serve pretty decently lol. I feel you bro.
Lol. That will be good.