๐ 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.
๐ 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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๐ 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 |
| 9/30/2017 | $ 4271 | $ 4462 | $ 191 | $ 1984 |
| 10/04/2017 | $ 4251 | $ 4394 | $ 143 | $ 2127 |
| 10/07/2017 | $ 4321 | $ 4592 | $ 271 | $ 2398 |
| 10/15/2017 | $ 5589 | $ 5650 | $ 61 | $ 2459 |
| 10/19/2017 | $ 5688 | $ 6110 | $ 422 | $2881 |
| 10/22/2017 | $ 5795 | $ 5735 | ( -$ 60 ) | $ 2821 |
| 10/26/2017 | $ 5756 | $ 5778 | $ 22 | $ 2843 |
| 11/04/2017 | $ 7156 | $ 7348 | $ 192 | $ 3035 |
| 11/14/2017 | $ 6532 | $ 7421 | $ 889 | $ 3924 |
| 11/19/2017 | $ 7758 | $ 8229 | $ 471 | $ 4395 |
| 11/26/2017 | $ 9073 | $ 9949 | $ 876 | $ 5271 |
| 12/01/2017 | $ 9945 | $ 11,550 | $ 1605 | $ 6876 |
| 12/09/2017 | $ 15,883 | $ 16,687 | $ 804 | $ 7680 |
| 12/23/2017 | $ 15,382 | $ 14,438 | ( -$ 944 ) | $ 6736 |
| 1/01/2018 | $ 13,330 | $ 14,908 | $ 1578 | $ 8314 |
| 1/07/2018 | $ 16,609 | $ 14,809 | ( -$ 1,800 ) | $ 6514 |
| 1/12/2018 | $ 13,896 | $ 13,535 | (-$ 361 ) | $ 6153 |
| 1/19/2018 | $ 11,824 | $ 12,166 | $ 342 | $ 6495 |
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๐ To date The BITCOIN TRADING SYSTEM # 7 has 37 trades 27 profits and 10 losses for a 72.97% accuracy and $6495 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 .
๐
Please voice your opinions in the comments below.
SUMMARY
๐ No Trade Today Stay In Cash 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
๐
๐ No Trade Today Stay In Cash 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 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 .
๐
๐ No Trade Today Stay In Cash 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 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.
Great news @me-tarzan
Great news
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 .
๐
๐ No Trade Today Stay In Cash 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 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 .
๐
Russia and Turkey for the first time in the world trade between them using bitcoin it is wonderful it will be worth more bitcoin ๐ฒ๐ฐ๐ฑ๐ตโบ
Nice profit pattent you've found there. I will consider using it in the future. Good job!๐
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.
Actually I never have try to make an analysis of crypto currency so far, maybe next time. I thing your style analysis very good even though it is simple way. I just focus and highlight for column buy price and profit / loss, I mean this very simple view and usefully. good luck.
Hum really good one. Thanks for sharing with us :)
@Upvoted // @Resteem done
Looking at the chart, another drop will signify a buy signal. Bitcoin will bounce soon to moon.