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RE: BITSHARES OPEN SOURCE HANGOUT, EDITED BY @EIRIK!

in #bitshares7 years ago

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 .
🐒

🐒 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

made at imgflip.com

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

DATEBUY PRICESELL TO EXITPROFIT / ( 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