Friday, 22 April 2016

A CRITICAL ANALYSIS OF A 24 HR CHART

As a crypto trader, it is very possible to make money everyday. I want to do a critical analysis of a 24 hr chart on Ethereum that occurred between the 20th of April 19:30hrs to 21st of April 19:30hrs.

The analysis is on a 30mins candle stick. The purpose of analyzing a chart is to enable you make a good or near accurate forcast or prediction for the next trading day or week.

This analysis will help somebody with just 1 bitcoin or 100 bitcoins to make profit daily or weekly  as the case may be. I shall do a calculation of profits from the above investment based on the result from the chart analysis.

Analysis
Analysis was carried out on Bitcoin/Ethereum 24hr chart with a 30 mins candle stick which occurred  between the 20th of April 19:30hrs to 21st of April 19:30hrs.

Findings from the Analysis
  1. A total of 48 candle sticks with different buying and selling volume were observed which is a strong indication of volatility.
  2. 24 candle sticks indicating selling and another 24 candle sticks representing buying was also observed.
  3. 13 out of the 24 selling candle sticks showed a high selling volume.
  4. 8 out of the 24 buying candle sticks showed a very high buying volume.
  5. The chart further revealed 5 volatile ranges where profit could be made.

Results from the findings

5 volatile ranges were observed at various points and there are as follows:

  1. The first volatile range occurred between the 1st and 3rd candle stick with an estimated profit of 1.68% within 90 mins of trade.
  2. The second volatile range occurred between the 7th and 8th candle stick with an estimated profit of 0.945% within 60 mins of trade.
  3. The third volatile range occurred between the 9th and 11th candle stick with an estimated profit of 1.57% within 90 mins of trade.
  4. The fourth volatile range occurred between the 16th and 28th candle stick with an estimated profit of 4.37% within 6 hours of trade.
  5. The fifth volatile range occurred between the 33rd and 38th candle stick with an estimated profit of 1.6% within 3 hours of trade.




Calculation of profit with 1 bitcoin investment on each of the volatile range

Volatile range
%profit
Bitcoin investment
Bitcoin profit
Naira value
1st
1.68
1
0.0168
2,184
2nd
0.945
1
0.00945
1,228
3rd
1.57
1
0.0157
2,041
4th
4.37
1
0.0437
5,681
5th
1.6
1
0.016
2,080
Total
10.165

0.10165
13,214

Summary
Assuming all volatile range was achieved then a total of 10.165% profit would have been realized from 1 bitcoin investment within 24 hours which will amount to N13, 214 profit.



Calculation of profit with 100 bitcoins  investment on each of the volatile range

Volatile range
%profit
Bitcoin investment
Bitcoin profit
Naira value
1st
1.68
100
1.68
218,400
2nd
0.945
100
0.945
122,800
3rd
1.57
100
1.57
204,100
4th
4.37
100
4.37
568,100
5th
1.6
100
1.6
208,000
Total
10.165

10.165
1,321,400

Summary
Assuming all volatile range was achieved then a total of 10.165% profit would have been realized from 100 bitcoin investment within 24 hours which will amount to N1, 321,400 profit.



Conclusion

From the whole analysis you will agree with me that crypto currencies are very very volatile and a lot of money to be made from this volatility if you are an experienced crypto trader.

None of the candle sticks from the chart shows any stable prices. There  all have different prices both on the selling and buying side.

I will say it again and again and again, crypto currency trading is the easiest, legitimate and a near risk free way of making money anytime anyday.

This an open call to any investor either individual or company that can afford to purchase 100 bitcoins or more for trading and speculative purpose to engage my services and get good return on investment.

You will not loose your investments rather it will be working for you round the clock while you bother about other things.




NOTE: inasmuch as the above profit margins are realistically possible it should be noted that results are not the same everyday. 

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