🐒 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
| DATE | BUY PRICE | SELL AFTER 48HR | PROFIT / ( 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 | $ 2512 | 2338 | ( -$ 174 ) | $ 529.00 |
| 7/27/2017 | $ 2589 | 2705 | $ 116 | $ 645 |
| 7/31/2017 | $ 2754 | 2720 | ( - $ 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 | $ 4320.00 | $ 128 | $ 1238 |
| 9/07/2017 | $ 4606 | $ 4390 | ( -$ 216 ) | $ 1022 |
| 9/10/2017 | $ 4186 | $ 4354 | $ 168 | $1190 |
| 9/17/2017 | $ 3592 | $ 4023 | $ 431 | $ 1621 |
| 9/21/2017 | $ 3890 | $ 3770 | (-$ 120 ) | $ 1501 |
| 9/24/2017 | $ 3646 | $ 3938 | $ 292 | $ 1793 |
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🐒 To date The BITCOIN TRADING SYSTEM # 6 has 19 trades 13 profits and 6 losses for a 68.42% accuracy and $1793 profit per Bitcoin traded.
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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 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 .
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Please voice your opinions in the comments below.
SUMMARY
🐒 EXIT LONG BTC POSITION using this system
The Bitcoin price is from the Coinbase trading platform GDAX .
Be sure to check out first thing every morning to see what the systems are doing that day.
Daily Bitcoin / Steem Trading Systems Update
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