π NEW and IMPROVED / BITCOIN RESEARCH TRADING SYSTEM # 7
COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX
The ORIGINAL BITCOIN RESEARCH TRADING SYSTEM # 7 did ok in a bull market but did poorly in a bear market. Over a period of 20 months from May 27 , 2017 through January 7 , 2019 The original BITCOIN TRADING SYSTEM #7 had 93 trades 48 profits and 45 losses for a 51.61% accuracy and $685 PROFIT per Bitcoin traded.
Over the same period of 20 months from May 27 , 2017 through January 7 , 2019 The NEW and IMPROVED / BITCOIN RESEARCH TRADING SYSTEM # 7 had 32 trades 23 profits and 9 losses for a 71.88% accuracy and $6,225 PROFIT per Bitcoin traded. The spreadsheet below will be continually updated as more trades occur .
π I have added 2 new rules to The NEW and IMPROVED / BITCOIN RESEARCH TRADING SYSTEM # 7
1. Bitcoin price at 7:00 AM EST must be above the Bitcoin EMA 20
2. Bitcoin SMA 10 must be above the Bitcoin EMA 20 at 7:00 AM EST
π 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.
π The 24hr volume BTC is the number of Bitcoins used to trade AltCoins on Bittrex and Poloniex .
π
CHART # 1:
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase Pro trading platform
π
π The NEW and IMPROVED / BITCOIN RESEARCH TRADING SYSTEM # 7 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) and the 2 new rules : Rule # 1. Bitcoin price at 7:00 AM EST must be above the EMA 20 and Rule # 2. SMA 10 must be above the EMA 20 at 7:00 AM EST When this occurred it is a signal to Buy Bitcoin and then Sell it approximately 48 hrs later. Below are the results of using The NEW and IMPROVED / BITCOIN RESEARCH TRADING SYSTEM # 7
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 |
| 6/22/2017 | $ 2668 | $ 2714 | $ 46 | $ 502 |
| 7/27/2017 | $ 2589 | 2705 | $ 116 | $ 618 |
| 7/31/2017 | $ 2754 | 2720 | ( - $ 34 ) | $ 584 |
| 8/04/2017 | $ 2848 | $ 3186 | $ 338 | $ 922 |
| 8/13/2017 | $ 4082 | $ 4083 | $ 1 | $ 923 |
| 8/21/2017 | $ 4070 | $4230 | $ 160 | $ 1,083 |
| 8/24/2017 | $ 4192 | $ 4320.00 | $ 128 | $ 1,211 |
| 9/07/2017 | $ 4606 | $ 4390 | ( -$ 216 ) | $ 995 |
| 10/04/2017 | $ 4251 | $ 4394 | $ 143 | $ 1,138 |
| 10/07/2017 | $ 4321 | $ 4592 | $ 271 | $ 1,409 |
| 10/15/2017 | $ 5589 | $ 5650 | $ 61 | $ 1,470 |
| 10/19/2017 | $ 5688 | $ 6110 | $ 422 | $ 1,892 |
| 10/22/2017 | $ 5795 | $ 5735 | ( -$ 60 ) | $ 1,832 |
| 10/26/2017 | $ 5756 | $ 5778 | $ 22 | $ 1,854 |
| 11/04/2017 | $ 7156 | $ 7348 | $ 192 | $ 2,046 |
| 11/14/2017 | $ 6532 | $ 7421 | $ 889 | $ 2,935 |
| 11/19/2017 | $ 7758 | $ 8229 | $ 471 | $ 3,406 |
| 11/26/2017 | $ 9073 | $ 9949 | $ 876 | $ 4,282 |
| 12/01/2017 | $ 9945 | $ 11,550 | $ 1,605 | $ 5,887 |
| 12/09/2017 | $ 15,883 | $ 16,687 | $ 804 | $ 6,691 |
| 3/04/2018 | $ 11,134 | $ 10,942 | ( -$ 192 ) | $ 6,499 |
| 4/20/2018 | $ 8,489 | $ 8,950 | $ 461 | $ 6,960 |
| 4/27/2018 | $ 9,360 | $ 9,215 | ( -$ 145 ) | $ 6,815 |
| 5/05/2018 | $ 9,877 | $ 9,289 | ( -$ 588 ) | $ 6,227 |
| 7/21/2018 | $ 7,295 | $ 8,134 | $ 839 | $ 7,066 |
| 7/26/2018 | $ 8,281 | $ 8,176 | ( -$ 105 ) | $ 6,961 |
| 8/31/2018 | $ 6,949 | $ 7,275 | $ 326 | $ 7,287 |
| 9/04/2018 | $ 7,305 | $ 6,375 | ( -$ 930 ) | $ 6,357 |
| 12/30/2018 | $ 3,834 | $ 3,702 | ( -$ 132 ) | $ 6,225 |
| 2/20/2019 | $ 3,926 | $ 3,928 | $ 2 | $ 6,227 |
| 2/23/2019 | $ 3,937 | $3,779 | ( -$ 158 ) | $ 6,069 |
| 2/28/2019 | $ 3,822 | $3,809 | ( -$ 13 ) | $ 6,056 |
| 3/10/2019 | $ 3,888 | $ 3,868 | ( -$ 20 ) | $ 6,036 |
| 3/14/2019 | $ 3,847 | $ 4,006 | $ 159 | $ 6,195 |
| 3/17/2019 | $ 3,965 | $ 3,970 | $ 5 | $ 6,200 |
| 3/20/2019 | $ 3,993 | $ 3,980 | ( -$ 13 ) | $ 6,187 |
| 3/27/2019 | $ 4,013 | $ 4,080 | $ 67 | $ 6,254 |
| 4/05/2019 | $ 4,964 | $ 5,118 | $ 154 | $ 6,408 |
| 4/09/2019 | $ 5,204 | $ 5,081 | ( -$ 123 ) | $ 6,285 |
| 4/13/2019 | $ 5,058 | $ 5,141 | $ 83 | $ 6,368 |
| 4/26/2019 | $ 5,155 | $ 5,198 | $ 43 | $ 6,411 |
| 5/01/2019 | $ 5,305 | $ 5,677 | $ 372 | $ 6,783 |
| 5/05/2019 | $ 5,733 | $ 5,892 | $ 159 | $ 6,942 |
| 5/18/2019 | $ 7,304 | $ 7,931 | $ 627 | $ 7,569 |
| 5/24/2019 | $ 7,976 | $ 7,989 | $ 13 | $ 7,582 |
| 5/29/2019 | $ 8,654 | $ 8,272 | ( -$ 382 ) | $ 7,200 |
| 6/01/2019 | $ 8,553 | $ 8,536 | ( -$ 17 ) | $ 7,183 |
| 6/17/2019 | $ 9,282 | $ 9,133 | ( -$ 149 ) | $ 7,034 |
| 6/20/2019 | $ 9,245 | $ 10,914 | $ 1,669 | $ 8,703 |
| 6/25/2019 | $ 11,415 | $ 11,701 | $ 286 | $ 8,989 |
| 6/29/2019 | $ 11,800 | $ 10,905 | ( -$ 895 ) | $ 8,094 |
| 7/04/2019 | $ 11,620 | $ 11,385 | ( -$ 235 ) | $ 7,859 |
| 7/07/2019 | $ 11,256 | $ 12,301 | $ 45 | $ 7,904 |
| 7/13/2019 | $ 11,329 | $ 10,288 | ( -$ 1,041 ) | $ 6,863 |
| 8/10/2019 | $ 11,862 | $ 11,372 | ( -$ 490 ) | $ 6,373 |
π
π To date The NEW and IMPROVED / BITCOIN RESEARCH TRADING SYSTEM # 7 has 58 trades 37 profits and 20 losses for a 63.79% accuracy and $6,373 profit per Bitcoin traded.
π
SUMMARY
π NO TRADE TODAY STAY IN CASH using this system
The Bitcoin price is from Coinbase Pro trading platform .
π
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 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 adviser, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
π
Please voice your opinions in the comments below.
Be sure to check out @me-tarzan first thing every morning on https://steemit.com/@me-tarzan or https://bearshares.com/@me-tarzan to see what all 8 systems are doing that day.
Daily Bitcoin / Steem / ( SBD ) STEEM DOLLAR Research Trading Systems Update
π
π NO TRADE TODAY STAY IN CASH using this system
The Bitcoin price is from Coinbase Pro trading platform .
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 .
π
Nice analysis! No trade from me until bitcoin crosses above the 50 Day MA (10700 - 10800 USD)