π SYSTEM #3
π Bitcoin is higher but I am still waiting for the volume to confirm another potential intermediate high
The 24hr volume BTC is the number of Bitcoins used to trade AltCoins on Bittrex and Poloniex .
I am watching the Volume price high closely . The purple circles for a completely different and Sell to exit long position only pattern.
It works like this: I have circled two volume highs on the chart and the btc price also made intermediate highs then as well . Now I'm thinking that as Bitcoin runs up again in price in new highs I should be watching the volume on this chart and if the volume makes two consecutive highs above 300,000 I will be selling some of my Bitcoin and then look for a place to repurchase the Bitcoin that I sold .
π Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
π Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
π
Below spreadsheet results for SYSTEM # 3
NOTE : The volume and price are recorded at 7:00 AM EST and are not the highs or lows
Date | Vol > 300,000 | Vol < 300,000 | Sell BTC Price | Buy Back Btc Price | % Drop in Price | Cumulative $ Value Gain/(Loss) per Bitcoin |
---|---|---|---|---|---|---|
5/24/2017 | 357,571 | ----- | ----- | ----- | ----- | ----- |
5/25/2017 | 393,366 | ----- | $2806 | ----- | ----- | ----- |
5/26/2017 | ----- | 273,288 | ----- | ----- | ----- | ----- |
5/27/2017 | ----- | 258,013 | ----- | $2040 | 27.29% | $766 |
6/10/2017 | 329,914 | ----- | ----- | ----- | ----- | ----- |
6/11/2017 | 400,398 | ----- | $2905 | ----- | ----- | ----- |
6/14/2017 | ----- | 252,396 | ----- | ----- | ----- | ----- |
6/15/2017 | ----- | 251,288 | ----- | 2320 | 20.13% | $1351 |
π
SUMMARY
π By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded
π Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
π Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
π Today Hold LONG BTC POSITION using this system
π
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 .
SUMMARY
π Today Hold LONG BTC POSITION using this system
π By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded
π Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
π Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
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 .
π
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Nice tips thank you my friendππππππ
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So the last trade was 6/15 which was a buy at $2320 and now you are looking to sell above $4000 once you get a volume confirmation. Nice gain! Question on Intermediate price high. What duration is that intermediate? Intraday?
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Hello @whitesj40
All the prices I use here are taken once a day at 7:00 AM EST give or take a few minutes off of the CoinBase exchange GDAX
Thanks for your support
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Hey me-tarzan,
Very interesting read, Thanks you for sharing it!
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if you buy now then your pretty well off after the little correction of bitcoin
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Nice tips thank you my friend!
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this is a very interesting friend .. thank you very much for your very nice post. @me-tarzan
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great post like it and upvoted!!
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Amazing. Thanks for sharing.
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What do you think the price of Bitcoin will be at the end of the Year? $7000?
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I hope we would reach a decision on buy or sell soon.
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Anazing
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Nice tips thank you my friendππππππ
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