Crypto Assets Price Prediction Using AI : Buy or Hold or Exit
Last Analysis
Last analysis was done and posted on 26th February 2018.
Crypto Assets Price Prediction Using AI : Buy or Hold or Exit
The buy signal predicted then was correct but, if analysis was done regularly, then that signal could have been reversed in 2-3 days. Since then after minor upward move crypto assets went on downward move and with some bumps till date.
Current Analysis
As market has come down significantly so I felt need to do the analysis again. Below is the result of the analysis:
Modeled Price for BTC (6496) is higher than Actual Price for BTC (3462)
-> BTC is now undervalued
-> Last Buy Signal came on 15th August 2018.
Modeled Price for ETH(53.8) is lower than actual price for ETH (91.5)
-> ETH is largely overvalued
-> Last Sell Signal came on 15th September 2018.
BTC and ETH show opposite signals. Although BTC is significantly undervalued but until ETH shows similar undervalue setup - we can expect more pain or sideways moves. Remember, ETH although smaller partner but has large number of crypto assets and so reflects adoption and user base related sentiments of crypto assets.
Other relevant analysis
Recently I did additional analysis using different approaches and same are listed below: #
Bitcoin Price Prediction : Can Go down to 2000 by Dec'19 before moving upto 200000 by Dec'23
We continue to be in Bear phase
Methodology
Data from blockchain.info and Etherscan.io is used in the analysis. By using respective blockchain data the market price is modeled. Using Modeled price and actual price with some moving average based method the buy and exit (No Sell Signal) signals are generated.
Keep steeming.
Note - it is merely an analysis out of my interest. I take no responsibility for any loss anybody incurs as a result of following it.
I’m going to use gut instinct, after watching many videos by many experts I’ve come to the conclusion very few know what they are talking about. Cheers mike
Everybody has his/her philosophy and biases. And that exactly the reason for market to swing. I am sure you have your own.
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my hopes are still high for bitcoin. i will still hold. i've put in so much risks so i might as well stay and hope for the best.
Some more pain is left. But those who stay will emerge winner
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