BUY SIGNAL TODAY BUY BITCOIN / COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX
🐒 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:
BLUE 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 blue column falls ( they are marked with a YELLOW #1 ) When this occurred it is a signal to Buy Bitcoin and then Sell it approximately 48hrs later. Below are the results of using this Buy pattern.
BITCOIN VOLUME BUY PATTERN
| DATE | BUY PRICE | SELL AFTER 48HR | PROFIT / ( LOSS) | Cumulative P/L |
|---|---|---|---|---|
| 5/27/2017 | $ 2040 | $ 2268 | $ 228 | $ 228 |
| 6/02/2017 | $ 2428 | $ 2560 | $ 132 | $ 360 |
| 6/08/2017 | $ 2781 | $ 2877 | $ 96 | $ 456 |
| 6/15/2017 | $ 2320 | $ 2564 | $ 244 | $ 700 |
| 6/22/2017 | $ 2668 | $ 2714 | $ 46 | $ 746 |
| 7/01/2017 | $ 2503 | $ 2485 | ( -$ 18 ) | $ 728 |
| 7/07/2017 | $ 2582 | $ 2557 | ( -$ 25 ) | $ 703 |
| 7/10/2017 | $ 2512 | 2338 | ( -$ 174 ) | $ 529.00 |
| 7/27/2017 | $ 2589 | 2705 | $ 116 | $ 645 |
| 7/31/2017 | $ 2754 | 2720 | ($ -34 ) | $ 611 |
| 8/04/2017 | $ 2848 | $ 3186 | $ 338 | $ 949 |
| 8/13/2017 | $ 4082 |
🐒 Now for a completely different Sell pattern it works like this I have circled two volume highs and the btc price also made intermediate highs then as well . Now I'm thinking that if Bitcoin runs up again in price in new highs I should be watching the volume on this chart and if the volume makes a high above the last high of 400,398 I will be selling some of my Bitcoin.
I will be posting this daily in hopes to help trade Bitcoin .
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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 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.
Please voice your opinions in the comments below.
SUMMARY
🐒 BUY SIGNAL TODAY BUY BITCOIN using this system
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.
Something you may of over looked, the value of bitcoin has doubled so the volume traded can be half and still be the same USD volume, which is more important
interesting concept I will have to give this some thought
Look guys... volumes are a clear indicator that prices in the short term are gonna rise. Now since Bitcoin doesn't have fundamentals to assess the valuation of the token, you have to depend upon volumes alone to predict sentiments. Analysis of bittrex is a good idea but what is more important is to analyse the updrends through fundamentals. In crypto tokens fundamentals depend on business models and acceptability over time. Bitcoin has surely achived that and that is why it's at the top. If you look at steem for instance, you will realize the worth of fundamentals. Steemit is a decent platform and that is why it has survived. But look at the price of steem as a token. It is still hovering over a dollar. It doesn't seem to be riding the boom. This might be because of the fact that though the business model is ok but post that for the next two years nothing much has happened owing to lack of enough promotions and innovations
Get ready for ~$6,888USD Bitcoin by end of Sept, followed by a ~30% correction around Oct and early Nov back down to current $5,000 levels, with another major upturn in Nov/Dec ending with a price of ~$9,200 by the end of the calendar year (hitting the big $10,000 number in early/mid Jan 2018).
Anyways, just my 2 cents...
I like the way you think @budz82
Yes we should buy bitcoin il will be 4000$ in the first of 2018
You're consistent on providing cryptocurrencies updates everyday. Thanks for thanks for that and enjoy your sunday 👍
Thanks again for the informative post.