ONLINE USERS AT POLONIEX BITCOIN PRICE correlation

in #bitcoin9 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 .

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SUMMARY

🐒 I may have isolated a possible chart pattern showing the possibility of Bitcoin rising in price . The pattern works like this when Polinex users ( Blue Column ) fall below 40,000 we can look for a rise in Btc price over the following 24hr . I have placed a Bitcoin symbol at bottom of chart to show when this has occurred. And this has happened now 3 times and so far it has worked 3 for 3 for BTC to rise in price when users fall under 40,000.

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ONLINE USERS AT POLONIEX today 41,515

Thanks for update
Have a great sunday

Interesting observation. I am just starting to use Polineix and will have to make use of this.
I wonder what correlations might show up as reliable between different crypto's It would be great to develop crypto indicators. Right now I use indicators from Forex (MACD, Stochastics, fibbinacci, RSI . . .) and they somewhat work, but the correlations need to be fine tuned.