Bitcoin neural network analysis week 29/2018: Outlook still positive

in #bitcoin6 years ago (edited)

Analysis of past week:
The network did predict nice gains, but the reality was different. Last week saw a significant loss negating the rallies of the previous week entirely. Needless to say, the network strategy was bad.

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%: 12650.96$ (up 0.5 %)
Holding BTC: 6359.64$ (down 6.1%)
Network strategy: 6987.79$ (down 6.1%)
Starting capital: 11497.40$

The fiat strategy is up since most of the documented time has been a bear market, but the neural network has gained an advantage over btc.

Forecast:
download (22).png
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.

Even though the last week saw a major setback the overall outlook remains mixed but positive. The network expects a recovery and some gains for the summer. For this week the network sees a slight recovery, just enough to warrant choosing btc over fiat, but this choice is below the error levels.

For the next week the network is indifferent between bitcoin or fiat. My strategy for the coming week remains holding btc, but this is a personal choice.

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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