Daily forecast for BTC (BITFINEX) MIN and MAX of the day based on machine learning tools.
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Comments:
Hello colleagues!
The result of yesterday's forecast was better than we expected.
In "High" and "Low" there were errors for a couple of dollars. The forecast "Close" of the two models came true.
But today's day is even more interesting:
our models differed in opinions.
Usually, this is a bad sign. Either the market today will be unstable or our models are tired and they need to give a little rest. This is hinted even by the forecast of "Close".
But today we expect a fall in the rate.
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Description:
Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located.
The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located.
Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model.
Two squares at the end of the day - the forecast "Close" of the day.
Also: two colors - two models.
_____________________________________________________________________________
Comments:
Hello colleagues!
The result of yesterday's forecast was better than we expected.
In "High" and "Low" there were errors for a couple of dollars. The forecast "Close" of the two models came true.
But today's day is even more interesting:
our models differed in opinions.
Usually, this is a bad sign. Either the market today will be unstable or our models are tired and they need to give a little rest. This is hinted even by the forecast of "Close".
But today we expect a fall in the rate.
_____________________________________________________________________________
Description:
Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located.
The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located.
Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model.
Two squares at the end of the day - the forecast "Close" of the day.
Also: two colors - two models.
Thanks a lot for your interest. Your activity supports us. More and more people write us about our models. I hope the following description will answer your questions. Soon our site will be ready where you can learn much more about our activities.
1) About the models. We use various models of machine learning, such as lightgbm, xgboost, Neural Networks, etc. Unfortunately, the simple use of these tools does not give good results. But whole “feature engineering” is our own thoughts and it's nowhere to read.
2) About how to use our forecasts. These forecasts are not yet a call to action. Our forecasts are recommendations, indicating the levels of "High", "Low" and "Close". But we are preparing an interpretation of the forecasts in for the trading strategy.
3) Do we have such forecasts for other pairs? Now we are preparing forecasts for five pairs, but we have decided to upload only BTCUSD.