ONLINE USERS AT POLONIEX BITCOIN PRICE correlation

in bitcoin •  7 years ago 

🐒 USERS ONLINE

🐒 ONLINE USERS AT POLONIEX BITCOIN PRICE correlation I started collecting data on online users at poloniex . I try to collect the data about the same time every day. I was thinking it would be interesting to see how the amount of users increase or decrease with the Bitcoin price .

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BLUE COLUMN = USERS CURRENTLY ONLINE AT POLONIEX AT TIME DATA WAS COLLECTED
RED LINE = BITCOIN PRICE AT THE TIME DATA WAS COLLECTED

SUMMARY

🐒 I may have isolated a possible chart pattern showing the possibility of Bitcoin rising in price . The pattern works like this when Polinex users ( Blue Column ) fall below 40,000 we can look for a rise in Btc price over the following 24hr . I have placed a Bitcoin symbol at bottom of chart to show when this has occurred. And this has happened now 3 times and so far it has worked 3 for 3 for BTC to rise in price over the next 24 hr's when users fall under 40,000.

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🐒 ONLINE USERS AT POLONIEX today 42,570

fantastic catch!

Only time will tell... it can go to $1500 ( buying time) this summer heat is putting pressure on the cryptos 😂

Yes I believe poloniex is stunning cryptocurrencys growth right now.

Interesting, also curious where they display number of users on? Don't think I've ever seen that displayed publicly. I guess the thinking could be logical, less traders on, less movement. Not sure if there is any other correlation that could identify more long term investors vs short term/day traders.

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