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.
馃悞 The 24hr volume BTC is the number of Bitcoins used to trade AltCoins on Bittrex and Poloniex .
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CHART # 1:
PURPLE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase trading platform GDAX
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馃悞 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 purple column falls ( they are marked with a BLACK # 1 ) When this happens it is a signal to Buy Bitcoin and then Sell the long Bitcoin position when the first 2 consecutive volume purple columns increase ( they are marked with a BLACK # 2 )
Below are the results of using this Buy and EXIT pattern.
BITCOIN TRADING SYSTEM # 4
BUY DATE BUY PRICE SELL DATE SELL PROFIT / ( LOSS) Cumulative P/L
5/27/2017 $ 2040 5/30/2017 $ 2304 $ 264 $ 264
6/02/2017 $ 2428 6/04/2017 $ 2560 $ 132 $ 396
6/08/2017 $ 2781 6/11/2017 $ 2905 $ 124 $ 520
6/15/2017 $ 2320 6/18/2017 $ 2565 $ 245 $ 765
6/22/2017 $ 2668 6/27/2017 $ 2398 ( - $ 270 ) $ 495
7/01/2017 $ 2503 7/04/2017 $ 2597 $ 94 $ 589
7/07/2017 $ 2582 7/29/2017 $ 2705 $ 123 $ 712
7/31/2017 $ 2754 8/02/2017 $ 2720 ( - $ 34 ) 678
8/04/2017 $ 2848 8/08/2017 $ 3410 $ 562 $ 1240
8/13/2017 $ 4082 8/18/2017 $ 4338 $ 256 $ 1496
8/21/2017 $ 4070 8/28/2017 $4314 $ 244 $ 1740
9/07/2017 $ 4606 9/13/2017 $ 3853 ( -$ 753 ) $ 987
9/17/2017 $ 3592 9/19/2017 $ 4023 $ 431 $ 1418
9/21/2017 $ 3890 9/26/2017 $ 3938 $ 48 $ 1466
9/30/2017 $ 4271 10/02/2017 $ 4462 $ 191 $ 1657
10/04/2017 $ 4251 10/10/2017 $ 4800 $ 549 $ 2206
10/15/2017 $ 5589 10/17/2017 $ 5650 $ 61 $ 2267
10/19/2017 $ 5688 10/30/2017 $ 6188 $ 500 $ 2767
11/04/2017 $ 7156 11/07/2017 $ 7204 $ 48 $ 2815
11/14/2017 $ 6532 11/17/2017 $ 7834 $ 1302 $ 4117
11/19/2017 $ 7758 11/21/2017 $ 8229 $ 471 $ 4588
11/26/2017 $ 9073 12/04/2017 $ 11,245 $ 2172 $ 6760
12/09/2017 $ 15,883 12/13/2017 $ 17,250 $ 1367 $ 8127
12/23/2017 $ 15,382 12/29/2017 $ 14,389 ( -$ 993 ) $ 7194
1/01/2018 $ 13,330 1/03/2018 $ 14,908 $ 1578 $ 8772
1/07/2018 $ 16,609 1/10/2018 $ 14,121 ( -$ 2,488 ) $ 6284
1/12/2018 $ 13,896 1/17/2018 $ 10,181 ( -$3,715 ) $ 2569
1/19/2018 $ 11,824 2/10/2018 $ 8665 ( -$ 3159 ) ( -$ 590 )
2/12/2018 $ 8,694 2/14/2018 $ 8,935 $ 241 ( -$ 349)
2/17/2018 $ 10,754 2/21/2018 $ 10,961 $ 207 ( -$ 142 )
馃悞 To date The BITCOIN TRADING SYSTEM # 4 has 30 trades 23 profits and 7 losses for a 76.66% accuracy and ( -$ 142 ) LOSS per Bitcoin traded.
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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 recommended 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.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals , opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
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Be sure to check out first thing every morning to see what the systems are doing that day.
Daily Bitcoin / Steem Trading Systems Update
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SUMMARY
馃悞 EXIT TRADE / EXIT LONG POSITION using this system . All data is collected at 7:00 AM EST give or take a few minutes .
The Bitcoin price is from the Coinbase trading platform GDAX .