Bitcoin
I discuss a important subject it's bitcoin it's really Important us I discuss and share about it in the post
🐒 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
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
1/27/2018 $ 10,901 $ 10,956 $ 55 $ 6550
1/30/2018 $ 10,925 $ 9,513 (-$ 1,412 ) $ 5,138
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🐒 To date The BITCOIN TRADING SYSTEM # 7 has 39 trades 28 profits and 11 losses for a 71.79% accuracy and $5138 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 TRADE / EXIT LONG 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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All steemit member thanks for read the bitcoin story