BUY SIGNAL TODAY BUY BITCOIN / COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX

in #bitcoin7 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

🐒 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 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.

SUMMARY

🐒 BUY SIGNAL TODAY BUY BITCOIN using this system

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🐒 BUY SIGNAL TODAY BUY BITCOIN 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 adviser 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.

Hey @me-tarzan that's actually a really cool idea. Although I'm not much of a trader, I dabble here and there - more for fun than serious profits. Anyway, I think it's always interesting to read original trading/timing ideas, especially based on charts.

I actually heard of a similar idea and posted on it, based on low volume: https://steemit.com/investing/@jobsande/the-right-time-to-buy-a-crypto-here-s-the-2-second-answer

So... did you just buy some Bitcoin? ;)

PS - I don't mean to toot my own horn here with my own post! Just sharing because I thought it was similar and relevant :-)

Thanks for update
Thanks also for the video via youtube
Will watch it later ( whem I feel a little bit better)

There is a lot of videos on youtube about it I hope you will find some information that will help you have a great day @lordoftruth

hi
it's interesting
I am following your account every day { 🤝 }
@good-ali

intresting stats

Thanks glad you like them

hahaha its first time u replied lol

Useful information backed with statistical analysis. Good post.