Trade Signal Today Buy Bitcoin / 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 .
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CHART # 1:
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase trading platform GDAX
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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 the first 2 consecutive days in a row the volume blue column falls ( they are marked with a Bitcoin symbol ) 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 |
🐒 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 .
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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.
🐒 Trade Signal Today Buy Bitcoin then exit the position in 48hrs using this system this trade was entered on July 7 , 2017 at $ 2582.00 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 :) very use full information
@me-tarzan check out my post about bitcoin hope you may like it :)
https://steemit.com/bitcoin/@farhanali/5-things-you-probably-don-t-know-about-bitcoin
Great informative post. Thanks for awesome charts. These will be very much helpful for bitcoin and cryptocurrency investors.
I have also posted something interesting and astonishing about bitcoin :D
https://steemit.com/bitcoin/@nitesh9/american-economist-accurately-predicts-bitcoin-s-rise-in-1999
Do check it. :p
Good news...
Thanks for sharing @me-tarzan
Upvote and Resteem.!!
@akiyoshi thanks to helping them by upvoting. Keep doing!!
that's great man i know one things new from your post man thank keep posting thumbs up for this post :)
@farhanali including me!!
.
I see another possible pattern even easier : when the trading volume is at its highest, almost at 400,000 (so here 2 days corresponding : 05/25/17 and 06/11/17), you have a big decrease in btc price the next days.