🐒 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
GOLD LINE = BTC PRICE
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SUMMARY
We will be posting this daily in hopes to help trade Bitcoin .
Example If volume increases the Bitcoin price should follow but as with any technical indicator sometimes it works sometimes it does not .
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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.
🐒 The high volume was on May 25 , 2017 when Bitcoin made a high of $2806 since then Bitcoin has made a new all time high of 2938.50 on June 6 , 2017 and no spike in the volume being traded at bittrex and poloniex in Altcoins. This would lead one to believe Bitcoin is going to go higher .And both have now put in new highs today . I feel like we need a larger spike in the BTC price and higher volume to put in another intermediate top for 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.
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Are we going to break that 3k mark today?! I hope so but as history in crypto land shows 9 out of 10 weekends are sell offs.
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been see that hovering below 3k as well. afraid with hard fork coming up...it might be below 3k then? but then again let's see cause ppl will take advantage of dips.
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Are they going to be hard forking? I heard litecoin forked but not in the traditional way like ETH did and it was successful that's why we saw a big jump in litecoin before the other cryptos I wonder if this is something bitcoin will do or is planning to do.
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Good news..
Thanks for sharing information..
Dear friend @me-tarzan
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