π USERS ONLINE 
π RESEARCH SYSTEM # 2 ( ONLINE USERS SYSTEM # 2 )
π ONLINE USERS AT POLONIEX BITCOIN PRICE correlation I started collecting data on online users at poloniex . I try to collect the data about the same time every day. I was thinking it would be interesting to see how the amount of users increase or decrease with the Bitcoin price .
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π SYSTEM # 2 / I may have isolated a possible chart pattern showing the possibility of Bitcoin rising in price . The pattern works like this when Polinex users ( Green Column ) Fall Below 40,000 for the first time after being above 40,000 I can look for a rise in Btc price then exit the trade when Polinex users ( Green Column ) Rise Above The Day You Entered The Trade If the trade is at a loss at this time then wait for the Polinex users ( Green Column ) to Rise back above 40,000 . I have placed a Black # 1 within the column at bottom of chart to show when to enter a BUY and a Black # 2 within the column at bottom of chart to show when to EXIT the trade .
GREEN COLUMN = USERS CURRENTLY ONLINE AT POLONIEX AT TIME DATA WAS COLLECTED
RED LINE = BITCOIN PRICE AT THE TIME DATA WAS COLLECTED
BITCOIN USERS SYSTEM # 2
| DATE | BUY PRICE | SELL TO EXIT | PROFIT / ( LOSS) | Cumulative P/L |
|---|---|---|---|---|
| 5/24/2017 | $ 2357 | $ 2806 | $ 449 | $ 449 |
| 5,27,2017 | $ 2040 | $ 2268 | $ 228 | $ 677 |
| 6/22/2017 | $ 2668 | $ 2700 | $ 32 | $ 709 |
| 6/30/2017 | $ 2537 | $ 2597 | $ 60 | $ 769 |
| 12/16/2017 | $ 18,320 | $19,847 | $ 1,527 | $ 2,296 |
| 12/26/2017 | $ 15,169 | $ 15,770 | $ 601 | $ 2,897 |
| 12/31/2017 | $ 13,085 | $ 13,655 | $ 570 | $ 3467 |
| 1/13/2018 | $ 14,222 |
SUMMARY
π To date The Bitcoin TRADING SYSTEM # 2 has 7 trades 7 profits and 0 losses for a 100.00% accuracy and $3,467 profit per Bitcoin traded.Below are the results of using this system.
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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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very intetesting strategy.. kind of like delivery volume trading in stock market !! but, can 40000 be considered as benchmark ?
Posted using Partiko Android
Hello @bee84 when I started this research back in May of 2017 the number of online users at Poloniex were much greater than they are today . As you can see by the chart the interest in trading Altcoins has fell considerably . I am sure that there is proablly another number that would be a better benchmark but 40,000 is just the number I went with .
π Hold 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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