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:
PURPLE 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 purple column falls ( they are marked with a BLACK # 1 ) When this happens it is a signal to Buy Bitcoin and then Sell the long Bitcoin position when the first 2 consecutive volume purple columns increase ( they are marked with a BLACK # 2 )
Below are the results of using this Buy and EXIT pattern.
BITCOIN TRADING SYSTEM # 4
BUY DATE BUY PRICE SELL DATE SELL PROFIT / ( LOSS) Cumulative P/L
5/27/2017 $ 2040 5/30/2017 $ 2304 $ 264 $ 264
6/02/2017 $ 2428 6/04/2017 $ 2560 $ 132 $ 396
6/08/2017 $ 2781 6/11/2017 $ 2905 $ 124 $ 520
6/15/2017 $ 2320 6/18/2017 $ 2565 $ 245 $ 765
6/22/2017 $ 2668 6/27/2017 $ 2398 ( - $ 270 ) $ 495
7/01/2017 $ 2503 7/04/2017 $ 2597 $ 94 $ 589
7/07/2017 $ 2582 7/29/2017 $ 2705 $ 123 $ 712
7/31/2017 $ 2754 8/02/2017 $ 2720 ( - $ 34 ) 678
8/04/2017 $ 2848 8/08/2017 $ 3410 $ 562 $ 1240
8/13/2017 $ 4082 8/18/2017 $ 4338 $ 256 $ 1496
8/21/2017 $ 4070 8/28/2017 $4314 $ 244 $ 1740
9/07/2017 $ 4606 9/13/2017 $ 3853 ( -$ 753 ) $ 987
9/17/2017 $ 3592 9/19/2017 $ 4023 $ 431 $ 1418
9/21/2017 $ 3890 9/26/2017 $ 3938 $ 48 $ 1466
9/30/2017 $ 4271 10/02/2017 $ 4462 $ 191 $ 1657
10/04/2017 $ 4251 10/10/2017 $ 4800 $ 549 $ 2206
10/15/2017 $ 5589 10/17/2017 $ 5650 $ 61 $ 2267
10/19/2017 $ 5688 10/30/2017 $ 6188 $ 500 $ 2767
11/04/2017 $ 7156 11/07/2017 $ 7204 $ 48 $ 2815
11/14/2017 $ 6532 11/17/2017 $ 7834 $ 1302 $ 4117
11/19/2017 $ 7758 11/21/2017 $ 8229 $ 471 $ 4588
11/26/2017 $ 9073 12/04/2017 $ 11,245 $ 2172 $ 6760
12/09/2017 $ 15,883 12/13/2017 $ 17,250 $ 1367 $ 8127
12/23/2017 $ 15,382 12/29/2017 $ 14,389 ( -$ 993 ) $ 7194
1/01/2018 $ 13,330 1/03/2018 $ 14,908 $ 1578 $ 8772
1/07/2018 $ 16,609 1/10/2018 $ 14,121 ( -$ 2,488 ) $ 6284
1/12/2018 $ 13,896 1/17/2018 $ 10,181 ( -$3,715 ) $ 2569
1/19/2018 $ 11,824 2/10/2018 $ 8665 ( -$ 3159 ) ( -$ 590 )
2/12/2018 $ 8,694 2/14/2018 $ 8,935 $ 241 ( -$ 349)
2/17/2018 $ 10,754 2/21/2018 $ 10,961 $ 207 ( -$ 142 )
🐒 To date The BITCOIN TRADING SYSTEM # 4 has 30 trades 23 profits and 7 losses for a 76.66% accuracy and ( -$ 142 ) LOSS 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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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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Please voice your opinions in the comments below.
SUMMARY
🐒 EXIT TRADE / EXIT LONG POSITION using this system . All data is collected at 7:00 AM EST give or take a few minutes .
The Bitcoin price is from the Coinbase trading platform GDAX .