Bitcoin neural network analysis week 27/2019: More boring consolidation
Analysis of past week:
We had a rather boring week which is good after the madness we had before. Overall we finished the week nicely ahead of last week and the network prediction was optimal.
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%: 16315.19$ (up 0.5 %)
Holding BTC: 11450.85$ (up 5.9 %)
Network strategy: 12306.00$ (up 5.9 %)
Starting capital: 11497.40$
The neural network has gotten a small edge above holding bitcoin or fiat. 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 expects the markets to cool down further with little action this week. Then in the longer run it confirms that we will retest the 10000$ levels.
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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