Bitcoin neural network analysis week 5/2019: Still very pessimistic, how much longer?
Analysis of past week:
Last week the network predicted an almost flat line and that was exactly what we got. The network strategy was good.
I am comparing three strategies, first hold fiat and make a small profit elsewhere, hold bitcoin, or follow the network predictions. Since I started documenting my predictions on the blockchain these strategies compare as
Fiat with a weekly profit of 0.5%: 14546.98$ (up 0.5 %)
Holding BTC: 3583.97$ (down 0.5%)
Network strategy: 4132.80$ (up 0.5%)
Starting capital: 11497.40$
The fiat strategy is up since the documented time has been a bear market. The neural network has gotten some edge above bitcoin.
Forecast:
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Red areas are predicted below the current price, blue/yellow areas indicate the expected passive growth, green areas are better than the expected growth. The vertical line is one week into the future and its size provides the prediction variance. The network prediction is smooth as the random noise is filtered out.
The big crash (to the 3000$ levels) has been predicted since 3 weeks and it is continuously moving closer. The network still does not expect it this week, but on the following. For the coming week the network sees some smaller losses but nothing spectacular.
The strategy for this week remains holding fiat.
This post is not financial advice! I am testing the potential to use neural networks for price predictions and am documenting my results on the blockchain to have provable public results. All prices are based on 0:00 UTC for consistency!
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