BITCOIN PROFIT-TAKING SYSTEM #3 <<>> Watching for another Volume Price High

me-tarzan (79)in #bitcoin • 7 years ago

🐒 SYSTEM #3

🐒 Bitcoin is higher but I am still waiting for the volume to confirm another potential intermediate high

The 24hr volume BTC is the number of Bitcoins used to trade AltCoins on Bittrex and Poloniex .

I am watching the Volume price high closely . The System # 3 is a Sell to exit long position only pattern.

It works like this: I have circled two volume highs on the chart and the btc price also made intermediate highs then as well . Now I'm thinking that as Bitcoin runs up again in price in new highs I should be watching the volume on this chart and if the volume makes two consecutive highs above 300,000 I will be selling some of my Bitcoin and then look for a place to repurchase the Bitcoin that I sold .

🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin

🐒 Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold

🐒

Below spreadsheet results for SYSTEM # 3
NOTE : The volume and price are recorded at 7:00 AM EST and are not the highs or lows

Date	Vol > 300,000	Vol < 300,000	Sell BTC Price	Buy Back Btc Price	% Drop in Price	Cumulative $ Value Gain/(Loss) per Bitcoin
5/24/2017	357,571	-----	-----	-----	-----	-----
5/25/2017	393,366	-----	$2806	-----	-----	-----
5/26/2017	-----	273,288	-----	-----	-----	-----
5/27/2017	-----	258,013	-----	$2040	27.29%	$766
6/10/2017	329,914	-----	-----	-----	-----	-----
6/11/2017	400,398	-----	$2905	-----	-----	-----
6/14/2017	-----	252,396	-----	-----	-----	-----
6/15/2017	-----	251,288	-----	2320	20.13%	$1351

🐒

SUMMARY

🐒 Today Hold LONG BTC POSITION using this system

🐒 By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded

🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin

🐒 Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold

Be sure to check out first thing every morning to see what the systems are doing that day at
Daily Bitcoin / Steem Trading Systems Update
🐒

🐒

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 .