Bitcoin neural network analysis week 28/2019: Correction not finished yet!
Analysis of past week:
The network had seen a correction coming since a long time, but did not put it this week yet. But the cooldown is finally here. The network strategy for last week 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%: 16396.77$ (up 0.5 %)
Holding BTC: 10283.08$ (down 10.2 %)
Network strategy: 11051.02$ (down 10.2 %)
Starting capital: 11497.40$
The neural network has gotten a small edge above holding bitcoin. Fiat with 30% annual interest is still preferred.
Forecast:
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 pessimistic with losses below the 10000$ resistance in the next two weeks. For the coming week the network sees a small upturn, but with large uncertainty.
The network prefers fiat over bitcoin for the next week, so the strategy will be sitting on fiat for now.
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!
@frdem3dot0 Thank you for not using bidbots on this post and also using the #nobidbot tag!
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