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 .
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CHART # 1:
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase Pro trading platform
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π 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 RESEARCH 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 |
| 6/15/2017 | $ 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 |
| 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 |
| 2/04/2018 | $ 8600 | $ 6,455 | ( -$ 2,145 ) | $ 2,993 |
| 2/08/2018 | $ 8,455 | $ 8,665 | $ 210 | $ 3,203 |
| 2/12/2018 | $ 8,694 | $ 8,935 | $ 241 | $ 3,444 |
| 2/17/2018 | $ 10,754 | $ 10,950 | $ 196 | $ 3640 |
| 2/25/2018 | $ 9,650 | $ 10,690 | $ 1,040 | $ 4680 |
| 3/04/2018 | $ 11,134 | $ 10,942 | ( -$ 192 ) | $ 4488 |
| 3/10/2018 | $ 9,361 | $ 9,829 | $ 468 | $ 4956 |
| 3/17/2018 | $ 8,247 | $ 8,250 | $ 3 | $ 4959 |
| 3/21/2018 | $9,073 | $ 8,480 | ( -$ 593 ) | $ 4366 |
| 3/29/2018 | $ 7,490 | $ 7,095 | ( -$ 395 ) | $ 3971 |
| 4/07/2018 | $ 6,862 | $ 6,726 | ( -$ 136 ) | $ 3835 |
| 4/15/2018 | $ 8,122 | $ 8,094 | ( -$ 28 ) | $ 3807 |
| 4/20/2018 | $ 8,489 | $ 8,950 | $ 461 | $ 4268 |
| 4/27/2018 | $ 9,360 | $ 9,215 | ( -$ 145 ) | $ 4123 |
| 5/05/2018 | $ 9,877 | $ 9,289 | ( -$ 588 ) | $ 3535 |
| 5/13/2018 | $ 8,565 | $ 8,787 | $ 222 | $ 3757 |
| 5/17/2018 | $ 8,302 | $ 8,239 | ( -$ 63 ) | $ 3694 |
| 5/26/2018 | $ 7,544 | $ 7,236 | ( -$ 308 ) | $ 3386 |
| 6/01/2018 | $ 7,546 | $ 7,703 | $ 157 | $ 3543 |
| 6/09/2018 | $ 7650 | $ 6,774 | ( -$ 876 ) | $ 2667 |
| 6/16/2018 | $ 6,471 | $ 6,431 | ( -$ 40 ) | $ 2627 |
| 7/02/2018 | $ 6,325 | $ 6,502 | $ 177 | $ 2804 |
| 7/05/2018 | $ 6,634 | $ 6,583 | ( -$ 51 ) | $ 2753 |
| 7/12/2018 | $ 6,175 | $ 6,218 | $ 43 | $ 2796 |
| 7/21/2018 | $ 7,295 | $ 8,134 | $ 839 | $ 3635 |
| 7/26/2018 | $ 8,281 | $ 8,176 | ( -$ 105 ) | $ 3530 |
| 8/02/2018 | $ 7,577 | $ 7,407 | ( -$ 170 ) | $ 3360 |
| 8/05/2018 | $ 7,044 | $ 7,050 | $ 8 | $ 3368 |
| 8/10/2018 | $ 6,556 | $ 6,331 | ( -$ 225 ) | $ 3143 |
| 8/13/2018 | $ 6,475 | $ 6,309 | ( -$ 166 ) | $ 2977 |
| 8/16/2018 | $ 6,447 | $ 6,512 | $ 65 | $ 3042 |
| 8/20/2018 | $ 6,414 | $ 6,660 | $ 246 | $ 3288 |
| 8/31/2018 | $ 6,949 | $ 7,275 | $ 326 | $ 3614 |
| 9/04/2018 | $ 7,305 | $ 6,375 | ( -$ 930 ) | $ 2684 |
| 9/08/2018 | $ 6,447 | $ 6,288 | ( -$ 159 ) | $ 2525 |
| 9/16/2018 | $ 6,511 | $ 6,245 | ( -$ 266 ) | $ 2,259 |
| 9/24/2018 | $ 6,609 | $ 6,458 | ( -$ 151 ) | $ 2,108 |
| 10/04/2018 | $ 6,537 | $ 6,564 | $ 27 | $ 2,135 |
| 10/09/2018 | $ 6,592 | $ 6,210 | ( -$ 382 ) | $ 1,753 |
| 10/13/2018 | $ 6,201 | $ 6,415 | $ 214 | $ 1,967 |
| 10/20/2018 | $ 6,402 | $ 6,400 | ( -$ 2 ) | $ 1,965 |
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π To date The BITCOIN RESEARCH TRADING SYSTEM # 7 has 80 trades 46 profits and 34 losses for a 57.50% accuracy and $1,965 profit per Bitcoin traded.
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SUMMARY
π EXIT TRADE / EXIT LONG POSITION using this system
The Bitcoin price is from Coinbase Pro trading platform .
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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.
Be sure to check out first thing every morning to see what the systems are doing that day.
Daily Bitcoin / Steem / ( SBD ) STEEM DOLLAR Research Trading Systems Update
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π EXIT TRADE / EXIT LONG POSITION 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
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