Bitcoin neural network analysis week 30/2018: Sunny Summer Rise

Analysis of past week:

Last week the network was undecided between crypto and fiat. But we have seen a big rise and the chosen strategy of holding bitcoin turned out to be great.

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%: 12714.21$ (up 0.5 %)
Holding BTC: 7418.49$ (up 16.6%)
Network strategy: 8151.22$ (up 16.6%)
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:

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.

After the huge rises the networks outlook remains very positive with more gains expected this week and a target of 7534.54$. The prediction variance is rather large, but this is a variance in how good the next week will be and thus does not affect the prediction. Also the longer time outlook remains positive, with a slight pullback at the end of august.

For the next week the network clearly prefers bitcoin over fiat. My strategy for the coming week remains holding btc.

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!