Hold LONG BTC POSITION / COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX

in bitcoin •  7 years ago 

🐒 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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🐒 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 VOLUME BUY PATTERN

DATEBUY PRICESELL AFTER 48HRPROFIT / ( LOSS)Cumulative P/L
5/27/2017$ 2040$ 2268$ 228$ 228
6/02/2017$ 2428$ 2560$ 132$ 360
6/08/2017$ 2781$ 2877$ 96$ 456
6/15/2017$ 2320$ 2564$ 244$ 700
6/22/2017$ 2668$ 2714$ 46$ 746
7/01/2017$ 2503$ 2485( -$ 18 )$ 728
7/07/2017$ 2582$ 2557( -$ 25 )$ 703
7/10/2017$ 25122338( -$ 174 )$ 529.00
7/27/2017$ 25892705$ 116$ 645
7/31/2017$ 27542720($ -34 )$ 611
8/04/2017$ 2848$ 3186$ 338$ 949
8/13/2017$ 4082$ 4083$ 1$ 950
8/21/2017$ 4070$4230$ 160$ 1110
8/24/2017$ 4192$ 4320.00$ 128$ 1238
9/07/2017$ 4606

🐒 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 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 .

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Please voice your opinions in the comments below.

SUMMARY

🐒 Hold LONG BTC POSITION using this system

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🐒 Hold LONG BTC POSITION using this system

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 .

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I really like your posts, maybe I'm interested in your post, I wait for your next posting @me-tarzan

That's an awesome finding! Congrats! Other than this system of technical analysis, what are the main technical indicators you use for entry in an alt coin?

Buen post!

New high coming, don't miss opportunity.
Want to make profits? Trade long X100 btc/usd on bitmex!
https://goo.gl/JnxQ28

Great post , i like it ..thnks youu so much @ me-tarzan

Amazing for investments...Thanks

i like it

An average trader loses money, so in this profession, you need to be way above average to make consistent money trading the markets.

Thank you for taking the time to read your post up This post was very informative

FUD sets in. China is always a bad news for cryptocurrencies. I await to see what happens over the weekend. Great insight always @me-tarzan.

  ·  7 years ago Reveal Comment