BITCOIN PROFIT-TAKING SYSTEM #3 <<>> Watching for another Volume Price SpikesteemCreated with Sketch.

in #bitcoin7 years ago

🐒 SYSTEM #3

🐒 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 .

🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin

🐒 Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold

🐒

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

DateVol > 300,000Vol < 300,000Sell BTC PriceBuyBack Btc Price% Drop in PriceCumulative $ Value Gain/(Loss) per Bitcoin
5/24/2017357,571-------------------------
5/25/2017393,366-----$2806---------------
5/26/2017-----273,288--------------------
5/27/2017-----258,013-----$204027.29%$766
6/10/2017329,914-------------------------
6/11/2017400,398-----$2905---------------
6/14/2017-----252,396--------------------
6/15/2017-----251,288-----232020.13%$1351

🐒

SUMMARY

🐒 By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded

🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin

🐒 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 adviser before investing your money in any financial instrument.

It is strongly recommend 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.

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SUMMARY

🐒 Hold LONG BTC POSITION using this system

🐒 By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded

🐒 Two consecutive volume highs above 300,000 = Sell to exit your long Bitcoin

🐒 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 adviser before investing your money in any financial instrument.

It is strongly recommend 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.
🐒

IS THIS DAILY VOLUME ?

Sorry it took so long to respond to your question
This is the 24 hr volume on Bittrex and Poloniex of Bitcoin traded against Alt-coins
The number of Bitcoins not $ amount so therefore the number of Bitcoins traded against Alt-Coins today on this chart is 183,093 bitcoins That is the volume figure
Thanks for your support @crypt0swede

hey would you mind if you follow me back?
Thanks .

These are the best tips I've seen on bitcoin trading.
Does this same pattern apply for blue chip stocks?

appreciate you ! done good work

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Disclaimer: I am just a bot trying to be helpful.

good post.
follow me @goga

hey would you mind if you follow me back?
Thanks .

bitcoin shut up is amazing

Those automatic algorithms always work, untill they don't...