🐒 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
DATE | BUY PRICE | SELL AFTER 48HR | PROFIT / ( 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 | $ 2512 | 2338 | ( -$ 174 ) | $ 529.00 |
7/27/2017 | $ 2589 | 2705 | $ 116 | $ 645 |
7/31/2017 | $ 2754 | 2720 | ($ -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 .
🐒
Please voice your opinions in the comments below.
SUMMARY
🐒 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
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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?
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Buen post!
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New high coming, don't miss opportunity.
Want to make profits? Trade long X100 btc/usd on bitmex!
https://goo.gl/JnxQ28
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Great post , i like it ..thnks youu so much @ me-tarzan
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Amazing for investments...Thanks
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i like it
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An average trader loses money, so in this profession, you need to be way above average to make consistent money trading the markets.
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Thank you for taking the time to read your post up This post was very informative
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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.
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