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Hold LONG BTC POSITION USERS STILL UNDER 40,000 / ONLINE USERS AT POLONIEX BITCOIN PRICE correlation by me-tarzan

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· @me-tarzan · (edited)
$9.09
Hold LONG BTC POSITION USERS STILL UNDER 40,000 / ONLINE USERS AT POLONIEX BITCOIN PRICE correlation
# &#128018;   USERS ONLINE <a href="https://imgflip.com/i/1q6xqg"><img src="https://i.imgflip.com/1q6xqg.jpg" title="made at imgflip.com"/></a>
# &#128018;   ONLINE USERS AT POLONIEX  BITCOIN PRICE correlation I started collecting data on online users at poloniex . I try to collect the data about the same time every day. I was thinking it would be interesting to see how the amount of users increase or decrease with the Bitcoin price .
&#128018;

**_BLUE COLUMN = USERS CURRENTLY ONLINE AT POLONIEX AT TIME DATA WAS COLLECTED_**
**_RED LINE = BITCOIN PRICE AT THE TIME DATA WAS COLLECTED_**

<a href="https://imgflip.com/i/1soe8t"><img src="https://i.imgflip.com/1soe8t.jpg" title="made at imgflip.com"/></a>


**_SUMMARY_**
# &#128018;   I may have isolated a possible chart pattern showing the possibility of Bitcoin rising in price . The pattern works like this when Polinex users ( Blue Column )  **Fall Below 40,000**  we can look for a rise in Btc price  then exit the trade when Polinex users ( Blue Column )  **Rise Above 40,000**   . I have placed a Black # 1 within the column at bottom of chart to show when this has occurred. And this has happened now 3 times and so far it has worked  3 for 3 for BTC to rise in price .Below are the results of using this Buy pattern.
 
BITCOIN  BUY PATTERN
Bitcoin Price From CoinBase
DATE|BUY PRICE|SELL WHEN USERS BACK ABOVE 40,000| PROFIT / ( LOSS) 
-|-|-|-
5/24/2017|$ 2357|$ 2806|$ 449
5,27,2017|$ 2040|$ 2273|$ 233
6/22/2017|$ 2668|$ 2700|$ 32
6/30/2017|$ 2537|$ 


&#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..


&#128018; 
# &#128018;  Users still under 40,000  again TODAY FOR BITCOIN HOLD LONG POSITION  and SELL IT TOMORROW MORNING If users are back  ABOVE 40,000 at the time I collect the data  ( 7:00 AM EST )
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vote details (35)
@doqstrader ·
Sorry mate. What is 40k is refer to.
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@yinyangboobookat ·
$0.71
It is the number of people logged into their  poloniex  accounts  at  7:00 AM EST
👍  
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vote details (1)
@me-tarzan · (edited)
$31.81
# &#128018; ONLINE USERS AT POLONIEX today  **29,102**   this trade was entered at $2537   on June 30 , 2017
 # &#128018;    Users still under 40,000 again TODAY FOR BITCOIN HOLD LONG POSITION and SELL IT TOMORROW MORNING  If  users are  ABOVE  40,000 at the time I collect the data ( 7:00 AM EST ).  Bitcoin price was  $2241    at the time I recorded the data today. I will be holding my long position if the users are still below 40,000 in the morning I will continue to hold until the users are back above the 40,000 at the time I record my data. The Bitcoin price is from the Coinbase trading platform GDAX .

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.
👍  , , , , , , ,
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vote details (8)
@quantumpoker ·
could it not have something to do with many people quitting polo due to all the fud that is being spread about their ability to cope with the increasing traffic? 
 another factor could be that the recent increase in numbers there was due to lots of people new to trading arriving because of the widely hyped heights that bitcoin was reaching.. many of these new traders probably bought into their alts near the peak, then lost much of their money when "the bubble burst" a few weeks ago...  it's possible that many of them will not return because of the losses that they suffered so soon after entering the market...
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