BITCOIN PROFIT-TAKING SYSTEM #3 <<>> Watching for another Volume Price HighsteemCreated with Sketch.

in #bitcoin7 years ago

🐒 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

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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 PriceBuyBack 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

🐒 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

🐒 Today Hold LONG BTC POSITION using this system

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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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SUMMARY

🐒 Today Hold LONG BTC POSITION using this system

🐒 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.
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Hodling btc position and watching the volume too.

Great post! Wish I had the balls to trade haha

Great topic @me-tarzan
Thanks for sharing

You are the hero I want to be like you and I would be grateful if you supported me