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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🐒 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 we 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 . 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
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SUMMARY
🐒 This has happened now 4 times and so far it has worked 4 for 4 for BTC to rise in price .Below are the results of using this Buy pattern.
BITCOIN USERS SYSTEM # 2 BUY PATTERN
| 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 |