Hold LONG BTC POSITION / COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX by me-tarzan

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· @me-tarzan ·
$34.46
Hold LONG BTC POSITION / COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX
<a href="https://imgflip.com/i/1qb4ao"><img src="https://i.imgflip.com/1qb4ao.jpg" title="made at imgflip.com"/></a> <a href="https://imgflip.com/i/1qb4ao"><img src="https://i.imgflip.com/1qb4ao.jpg" title="made at imgflip.com"/></a>  

# &#128018;  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.
# &#128018;   The 24hr volume BTC is the number of Bitcoins used to  trade AltCoins on Bittrex and Poloniex . 
&#128018;
**CHART # 1:**
BLUE COLUMN = 24hr volume Bittrex / Poloniex combined
RED LINE = BTC PRICE from CoinBase trading platform GDAX

<a href="https://imgflip.com/i/1tm8dr"><img src="https://i.imgflip.com/1tm8dr.jpg" title="made at imgflip.com"/></a>




&#128018;



#  &#128018;  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|


#  &#128018;   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 .


&#128018;
**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**
#  &#128018;    Hold LONG BTC POSITION      using this system
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (49)
@me-tarzan ·
$25.79
#  &#128018;      Hold LONG BTC POSITION   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.
👍  , , , ,
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vote details (5)
@splendour ·
https://s-media-cache-ak0.pinimg.com/originals/42/90/31/429031a6ee74a93e20343ab515d49f84.jpg
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@n0maddrwhat ·
Thank you for taking the time to put in the research and share  what you analyzed. Very curious to see how this one plays out! Might just take a position based on this =P

Cant wait to hear more Cheers mate!
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@mikenevitt ·
$0.09
Thank you for sharing your information, cheers mike
👍  
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@flyingfish93 ·
Just as the Internet is reforming the way we communicate, I believe Bitcoin will reform the way we transact. @me-tarzan
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@minecrew ·
Mr. Flying Fish i am with you on that.
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@minecrew ·
Thank you for the info Me-tarzan this is going to be very helpful. When your stats do work you will b making some Bitcoins!
👍  
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@loki1982 ·
The market is very crazy right now.  I dont think anyone can predict what is going to happen.  Probably still wont be able to a month from now.
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@inversor ·
Hello! I just upvoted you! Upvote this comment and follow me! i will upvote your future posts! To any other visitor, upvote this post also to receive free UpVotes from me! Happy SteemIt!

Thanks for the information😉😉
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@foxkoit ·
Very good ;) And steem is same :)
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@thebul ·
Thank you for the info. I will continue to check back to see how your chart is doing.
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@inversor ·
$0.83
The price of bitcoin has exceeded its previous all-time high of $3,000, soaring to $3,200 for the first time.



Figures from Coinbase show the market started moving around 03:00 a.m. when bitcoin’s price climbed above $2,900. At 10:30 a.m., bitcoin recorded a new historic high when it reached $3,200.

Today’s new high pushes the the market value of bitcoin up to $52.1 billion with the entire market now worth $108.9 billion. Over a 24-hour period, the number one digital currency increased its value by 10.19 percent while its value rose by 15.40 percent over the past seven days, according to CoinMarketCap.

It marks a new milestone for bitcoin as it hasn’t seen $3,000 figures since 12 June.
👍  ,
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@hawkeyeliberty ·
I made 8% off of etherium and traded it over to litecoin because its the most stable currency today and its steadily rising.
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