TODAY Hold LONG BTC POSITION / 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 .
🐒
CHART # 1:
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase trading platform GDAX
🐒
🐒 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 |
🐒 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 .
🐒
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
🐒 Hold Long BITCOIN Position and Exit the trade in 24hrs using this system this trade was entered on July 10 , 2017 at $ 2512.00 on 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.
Thanks man for sharing keep sharing :)
I am getting a bit confused on 24 hour system. But it looks good in long term so I have my eyes on your upcoming posts for sure.
cryptokraze this is the 48hr system it was entered into yesterday , The reason I say now to Exit the trade in 24hrs is because it has been in trade for 24hrs already from yesterday.
This system had 5 in a row right and it now looks like it will have 3 in a row wrong unless Bitcoin is above $ 2512 when I record the data for tomorrow.
.