🐒 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 .
CHART # 1:
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase trading platform GDAX
🐒 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||$ 4083||$ 1||$ 950|
|8/21/2017||$ 4070||$4230||$ 160||$ 1110|
|8/24/2017||$ 4192||$ 4320.00||$ 128||$ 1238|
|9/07/2017||$ 4606||$ 4390||( -$ 216 )||$ 1022|
|9/10/2017||$ 4186||$ 4354||$ 168||$1190|
🐒 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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