BITCOIN PROFIT-TAKING SYSTEM #3 <<>> Watching for another Volume Price Spike
🐒 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
| Date | Vol > 300,000 | Vol < 300,000 | Sell BTC Price | BuyBack Btc Price | % Drop in Price | Cumulative $ Value Gain/(Loss) per Bitcoin |
|---|---|---|---|---|---|---|
| 5/24/2017 | 357,571 | ----- | ----- | ----- | ----- | ----- |
| 5/25/2017 | 393,366 | ----- | $2806 | ----- | ----- | ----- |
| 5/26/2017 | ----- | 273,288 | ----- | ----- | ----- | ----- |
| 5/27/2017 | ----- | 258,013 | ----- | $2040 | 27.29% | $766 |
| 6/10/2017 | 329,914 | ----- | ----- | ----- | ----- | ----- |
| 6/11/2017 | 400,398 | ----- | $2905 | ----- | ----- | ----- |
| 6/14/2017 | ----- | 252,396 | ----- | ----- | ----- | ----- |
| 6/15/2017 | ----- | 251,288 | ----- | 2320 | 20.13% | $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.
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.
🐒
FOMO along with good fundamentals and technicals is taking this one up to 5K. BTC $5000
Hey Awesome post. Thanx for sharing. Followed and upvoted you. feel free to follow back. Will definitely keep an eye on this signalling.
Do you sell or go short? What I mean is let's say you buy 1 btc. Then when you think it is going down, do you sell leaving you 0btc or do you short leaving yourself -1btc and make money both directions?
I you are only exposed to the upside it is no surprize that this method will work in a bull run. But I defo think, in the imperfect market bitcoin is, that you are on to something
This system is only to exit and repurchase but of course you could sell short and then buy to cover your short . I just have a hard time selling short Bitcoin but that is just me .
Thank you for your support @fiveboringgames
Follow the whale tail!
beyondbits are powerful tokens worth upvotes in stem but you need to use bitshares wallet and follow the intruction on whaleshares.net! so moke sure you havea bitshares wallet to receive and send them for upvotes on you steem posts!
http://whaleshares.net
Follow me
i love your research work trading is amazing
Thank you @hassanabid
Wow it is good. Thanks
I am amazed after reading your post is so amazing. Thank you for sharing a good post!
[BITCOIN