ONLINE USERS AT POLONIEX BITCOIN PRICE correlation

in #bitcoin7 years ago (edited)

🐒 USERS ONLINE

🐒 ONLINE USERS AT POLONIEX BITCOIN PRICE correlation I started collecting data on online users at poloniex . I try to collect the data about the same time every day. I was thinking it would be interesting to see how the amount of users increase or decrease with the Bitcoin 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 Polinex users ( Blue Column ) fall below 40,000 we can look for a rise in Btc price over the following 24hr . I have placed a Bitcoin symbol at bottom of chart to show when this has occurred. And this has happened now 3 times and so far it has worked 3 for 3 for BTC to rise in price over the next 24 hr's when users fall under 40,000.

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🐒 ONLINE USERS AT POLONIEX today 42,732

Thats whats. Curious as to what inspired this? What made you research poloneix vs the infamous coinbase

I have access to the poloniex user numbers . The users on poloniex are trading BTC with altcoins and that is what I'm looking for because a lot of Bitcoin that is purchased goes into trading altcoins .

i hope you successfull to you plan

Be wary that correlation does not imply causation... but with that being said, love seeing your continued analysis on this and look forward to seeing how it pans out this time!

Do other exchanges show users online? Be very cool if you could use that to get a larger sample of data, although I think Polo is the leader so probably wouldn't be too much deviation.

Also be interesting to know geographically where the users are. Obviously not something that can be easily captured, but I've always been surprised that there seem to be so many more people on early morning as opposed to evening time (I'm in US Pacific time)

As far as I know Poloniex is the only one that shows the Users currently online .

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