Bitcoin neural network analysis week 48/2018: I would die for another chance to buy btc below 4000$ ...
Analysis of past week:
The network saw bitcoin already bottoming out last week, but we were in for another week of quite drastic devaluation. The network strategy of holding bitcoin was a disaster.
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%: 13908.45$ (up 0.5 %)
Holding BTC: 4009.97$ (down 28.7%)
Network strategy: 4295.25$ (down 28.7%)
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:
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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 network is not really optimistic about BTC in the long term, but does expect a slight recovery for the week. The target is at 4068.99$. However the prediction variance is quite large and another devaluation remains possible. Chances are that we have not yet found the bottom and can drop some more, but we should not expect to much more.
Even though the forecast is mixed, the network prefers btc or fiat for the coming week. My strategy will be 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!
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It's back, now die jk 😝
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