Bitcoin neural network analysis week 24/2019: It's over 9000 !!!!

in #bitcoin5 years ago

Analysis of past week:
After the drop last week, bitcoin is back in full force and broke the 9000 level. The network was optimistic and this turned out to be right.

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%: 16072.89$ (up 0.5 %)
Holding BTC: 8994.49$ (up 17 %)
Network strategy: 9666.20$ (up 17 %)
Starting capital: 11497.40$

The fiat strategy is up since most of the documented time has been a bear market. The neural network has gotten some edge above holding bitcoin.

Forecast:
download (90).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.

The network remains optimistic for the next weeks and sees further gains. However, before reaching 10k, the network expects one more correction, and this time a rather severe one.

Since the network is mildly optimistic for the coming week, the strategy remains to hold bitcoin over 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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