Hold LONG BTC POSITION USERS STILL UNDER 40,000 / ONLINE USERS AT POLONIEX BITCOIN TRADING SYSTEM # 1
🐒 USERS ONLINE ![](https://steemitimages.com/640x0/https://i.imgflip.com/1q6xqg.jpg)
🐒 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 .Below are the results of using this Buy pattern.
BITCOIN USERS BUY PATTERN
DATE | BUY PRICE | SELL USERS BACK ABOVE 40,000 | PROFIT / ( LOSS) | Cumulative P/L |
---|---|---|---|---|
5/24/2017 | $ 2357 | $ 2806 | $ 449 | $ 449 |
5,27,2017 | $ 2040 | $ 2273 | $ 233 | $ 682 |
6/22/2017 | $ 2668 | $ 2700 | $ 32 | $ 714 |
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 recommended 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.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals , opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
Please voice your opinions in the comments below..
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🐒 ONLINE USERS AT POLONIEX today 30,420 this trade was entered at $2537 on June 30 , 2017
🐒 Users still under 40,000 again TODAY FOR BITCOIN HOLD LONG POSITION and SELL IT TOMORROW MORNING If users are ABOVE 40,000 at the time I collect the data ( 7:00 AM EST ). Bitcoin price was $4668 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 recommended 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.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals , opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
hey @me-tarzan, I think Polo might not show it yet but the shift to altcoins is very much underway. Check out the link I just posted about it: https://steemit.com/cryptocurrency/@steemitromney/all-the-altcoins-are-up
we are gettting closer to 40000, i cant imagine the fall in price of btc when we cross 40,000 if its 4668usd as at now
Hey ,
Thanks for sharing
first upvote my friend
Thanks for the information @me-tarzan, the data from the exchanges are very relevant and here we have!
Long and strong...only way to be when the bulls are running.
Thanks for sharing! 🐵
thank for sharing
Nice workKeep it up!!