Hold LONG BTC POSITION USERS STILL UNDER 40,000 / ONLINE USERS AT POLONIEX BITCOIN PRICE correlation
🐒 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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BLUE COLUMN = USERS CURRENTLY ONLINE AT POLONIEX AT TIME DATA WAS COLLECTED
RED LINE = BITCOIN PRICE AT THE TIME DATA WAS COLLECTED
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 then exit the trade when Polinex users ( Blue Column ) Rise Above 40,000 . I have placed a Black # 1 within the column 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.Below are the results of using this Buy pattern.
BITCOIN BUY PATTERN
Bitcoin Price From CoinBase
| DATE | BUY PRICE | SELL AFTER 24HR | PROFIT / ( LOSS) |
|---|---|---|---|
| 5/24/2017 | $ 2357 | $ 2806 | $ 449 |
| 5,27,2017 | $ 2040 | $ 2273 | $ 233 |
| 6/22/2017 | $ 2668 | $ 2700 | $ 32 |
| 6/30/2017 | $ 2537 | $ |
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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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🐒 ONLINE USERS AT POLONIEX today 31,860 this trade was entered at $2537 on June 30 , 2017
🐒 BUY SIGNAL AGAIN TODAY FOR BITCOIN and SELL IT TOMORROW MORNING unless another buy signal is generated. Bitcoin price was $2374 at the time I recorded the data today. I will be holding my long position if the users are still below 40,000 in the morning I will continue to hold until the users are back above the 40,000 at the time I record my data. The Bitcoin price is from the Coinbase trading platform GDAX .
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.
Good post about bitcoin, keep continue.
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