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RE: No Trade Today Stay In Cash / RESEARCH SYSTEM # 7 COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX

in #bitcoin7 years ago

🐒 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