EXIT TRADE / EXIT LONG POSITION / BITCOIN TRADING SYSTEM # 4
🐒 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:
PURPLE 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 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 |
🐒 To date The BITCOIN TRADING SYSTEM # 4 has 19 trades 16 profits and 3 losses for a 84.21% accuracy and $2815 profit 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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Please voice your opinions in the comments below.
SUMMARY
🐒 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 .
🐒 EXIT TRADE / EXIT LONG POSITION using this system
The Bitcoin price is from the Coinbase trading platform GDAX .
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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Interesting observations and beneficial to both the article and to yourself to actually test this idea and not regulate it to just an idea. Where did you get the chart to combine 24hr volume Bittrex / Poloniex, as that would be needed to continue following the method.
Upvoted.
Hello @lifted I record the data every day from bittrex and poloniex , the data is at the bottom of their page ,I then combine the data and create a chart with Google Sheets.
Thank you for your support @lifted
Very interesting, good post and I like, hopefully the next post better with a more perfect idea. follow me @pn09s, Upvote and give a positive comment for me.
https://steemit.com/blockchain/@pojan/blockchain-financial-technology-and-the-future-of-banking-industry-in-indonesia
The information obtained from this post is always a good advice in making critical decisions regarding bitcoin. Thank you for sharing.
Arrggghh. I'd like to consider this advice to catch some profit on a potential dip, but it's so hard to break away from a holding mindset - as well and shake things up before the 2X fork.
New day new high! Don't miss opportunity!
Best way to trade long #bitcoin with high leverage on BitMEX
Thank you @me-tarzan
Your journal trading is very good, hopefully I can be like you
Great post my friend.
I am proud to see your work.
hello, @me-tarzan your post EXIT TRADE / EXIT LONG POSITION / BITCOIN TRADING SYSTEM # 4
Yo ,
Very interesting read, Thanks you for sharing it!