🐒 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
OK 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.
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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