Bitcoin neural network analysis week 22/2019: No Pullback Yet
Analysis of past week:
Last week not too much happened. We quickly broke 9000$, then collapsed and then regained the losses. The network was optimistic overall and that turned out to be a good analysis.
I am comparing three strategies, first hold fiat and make a small profit elsewhere, hold bitcoin, or follow the network predictions. Since I started documenting my predictions on the blockchain these strategies compare as
Fiat with a weekly profit of 0.5%: 15913.36$ (up 0.5 %)
Holding BTC: 8742.96$ (up 0.8 %)
Network strategy: 9395.89$ (up 0.8 %)
Starting capital: 11497.40$
The fiat strategy is up since most of the documented time has been a bear market. The neural network has gotten some edge above holding bitcoin.
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.
Again the network remains optimistic and sees some slow gains. Only towards the end of June a small pullback is expected.
Since the network is positive 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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Yo!
Where is the best place to buy Grin?
And how do I hold em? Do you have an easy wallet tutorial? :D
damn, it pumped :/
sorry, I am so busy right now that I entirely missed your comment ... .
I am using the native wallet, but that is not very user friendly. I heard a lot about grinbox, which is supposed to be much easier, but I have not used it yet. Getting GRIN is still not nearly as streamlined as bitcoin.
For trading, there is no really good exchange. I would recommend trade-oger. They have low volumes, but are as far as I can tell they are honest.
Now Grin pumped a lot, so I would probably not buy ....