Bitcoin neural network analysis week 15/2019: Crypto-Spring confrimed
Analysis of past week:
Last week for the first time in some while the network has been optimistic. Not decisively so, but significantly better than the weeks before. And in exactly this week we have seen massive upwards price movements. Maybe a coincidence, or maybe the network did find some patters and did sense a price movement might be coming. We will never know, but the network strategy for past week 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%: 15290.90$ (up 0.5 %)
Holding BTC: 5198.90$ (up 29.3% !!!)
Network strategy: 5587.16$ (up 29.3%)
Starting capital: 11497.40$
The fiat strategy is up since the documented time has been a bear market. The neural network has gotten some edge above holding bitcoin.
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 past week the network has again become more positive. It is not expecting the rise to run out of steam soon and predicts anther week of gains. However, the network still expects a pullback in the coming month, going down to the 4500$ levels and potentially retesting the 4200$ area.
The network is positive on btc. For the coming week I am holding 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!
Droooooop!
Finally!!
Posted using Partiko Android
This post is promoted by @reversed-bidbot as an upvote lottery with a jackpot of 0.500 steem!
There are still up to 2500 tickets waiting to be distributed.
Tickets are distributed according to the value of your upvotes with a multiplier of 1500.0.
Upvote the post to participate and claim your tickets!
Excluded from participation are: bidbots, autovoters.
Follow me to also earn steem on my other promoted posts; or use @reversed-bidbot to hold your own raffles. For more details please visit my discord server or read my introduction post
@frdem3dot0 Thank you for not using bidbots on this post and also using the #nobidbot tag!
Hi @frdem3dot0!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.716 which ranks you at #5333 across all Steem accounts.
Your rank has improved 27 places in the last three days (old rank 5360).
In our last Algorithmic Curation Round, consisting of 206 contributions, your post is ranked at #169.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by frdem3dot0 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
I was called to perform a provably fair random drawing for @reversed-bidbot!
There are a 154 tickets participating in this round.
@inversionistam holds tickets number 0 - 7
@frdem3dot0 holds tickets number 8 - 36
@yff holds tickets number 37 - 66
@freebornsociety holds tickets number 67 - 83
@reversed-bidbot holds tickets number 84 - 88
@steem-raffle holds tickets number 89 - 114
@curatorbot holds tickets number 115 - 116
@builderofcastles holds tickets number 117 - 128
@clm holds tickets number 129 - 149
@crypt-skip holds tickets number 150 - 153
The merkle root of the block in which this post will appear determines the winner.
The block in which the above post is included has a merkle root of 7892292077bf30061b478b5b4237fdb1aa0e463e.
To find the winner we:
7892292077bf30061b478b5b4237fdb1aa0e463e = 688338383949775991764642501020535454285842761278.
Congratulations!