BITCOIN PROFIT-TAKING SYSTEM #3 <<>> Watching for another Volume Price High

in #bitcoin โ€ข 7 years ago

๐Ÿ’ SYSTEM #3

๐Ÿ’ The BITCOIN PROFIT-TAKING SYSTEM #3 is for those people who want to stay long Bitcoin 99% of the time but would like to add some profit along the way .

๐Ÿ’ 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 System # 3 is a 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 and Bitcoin price making new highs at the time I record the data (7:00 EST) I will be selling some of my Bitcoin and then watch for Two consecutive volume below 300,000 to repurchase the Bitcoin that I sold .

๐Ÿ’ Two consecutive volume highs above 300,000 and Bitcoin price making new highs at the time I record the data (7:00 EST) = Sell to exit your long Bitcoin

๐Ÿ’ Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold

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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

DateVol > 300,000Vol < 300,000Sell BTC PriceBuy Back Btc Price% Drop in PriceCumulative $ Value Gain/(Loss) per Bitcoin
5/24/2017357,571-------------------------
5/25/2017393,366-----$2806---------------
5/26/2017-----273,288--------------------
5/27/2017-----258,013-----$204027.29%$766
6/10/2017329,914-------------------------
6/11/2017400,398-----$2905---------------
6/14/2017-----252,396--------------------
6/15/2017-----251,288-----232020.13%$1351

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SUMMARY

๐Ÿ’ Today Hold LONG BTC POSITION using this system

๐Ÿ’ By applying this system since May 24 , 2017 one could have gained $1351 per Bitcoin traded

๐Ÿ’ Two consecutive volume highs above 300,000 and Bitcoin price making new highs at the time I record the data (7:00 EST) = Sell to exit your long Bitcoin

๐Ÿ’ Next watch for Two consecutive volume below 300,000 = Repurchase the Bitcoin you sold

Be sure to check out first thing every morning to see what the systems are doing that day at
Daily Bitcoin / Steem Trading Systems Update
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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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good post. thank you