π SYSTEM #3
π 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 purple circles for a completely different and 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 .
π Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
π Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
π
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 |
π
SUMMARY
π By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded
π Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
π Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
π Today Hold LONG BTC POSITION using this system
π
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 .
SUMMARY
π Today Hold LONG BTC POSITION using this system
π By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded
π Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin
π Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold
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 tips thank you my friendππππππ
So the last trade was 6/15 which was a buy at $2320 and now you are looking to sell above $4000 once you get a volume confirmation. Nice gain! Question on Intermediate price high. What duration is that intermediate? Intraday?
Hello @whitesj40
All the prices I use here are taken once a day at 7:00 AM EST give or take a few minutes off of the CoinBase exchange GDAX
Thanks for your support
Hey me-tarzan,
Very interesting read, Thanks you for sharing it!
if you buy now then your pretty well off after the little correction of bitcoin
Nice tips thank you my friend!
this is a very interesting friend .. thank you very much for your very nice post. @me-tarzan
great post like it and upvoted!!
Anazing
Nice tips thank you my friendππππππ
Amazing. Thanks for sharing.
What do you think the price of Bitcoin will be at the end of the Year? $7000?
I hope we would reach a decision on buy or sell soon.