Cryptocurrency Price Prediction Indicator

Cryptocurrency Price Prediction Indicator

Last Updated on September 29, 2020 by admin

Cryptocurrency Price Prediction Indicators are part of Crypto-ML’s Member Dashboard. These indicators show price change expectations as determined by our Deep Neural Network machine learning system.

Update: the predictions on the Member Dashboard are now for 6 hours in the future, not 24.

The dashboard displays a “6-hour price prediction” percentage:

Crypto-ML 24-Hour Price Prediction Dashboard Web

In this sample, you can see that in 6 hours:

  • BTC is expected to remain relatively flat.
  • ETH is expected to move up by 2.03%.
  • BCH is expected to drop by 3.13%.

Crypto price prediction calculation

The indicator shows the expected change in price by comparing the simple moving average (SMA) of the last 45 minutes to the 150-minute SMA overlaying 6 hours in the future.

The reason for this approach is the averages smooth out price fluctuations and deliver more consistent results, especially in the swing-trading time frames.

Note: There are many different ways to approach this, which you can review in our do-it-yourself Tutorial: Bitcoin Price Prediction with DIY Machine Learning in Excel.

The value you see on the Member Dashboard is a direct output of this step in our machine learning flow:

Learn how Crypto-ML works.

How to use the price predictions

As a trader, you can use these crypto price prediction indicators to supplement your trading strategies, including the Trade Signals from Crypto-ML.

For example, if you have a profitable position and see expectations are in the red, you can consider taking profit.

Likewise, if you’re looking for an optimal time to enter the market, you can do so with more confidence if the prediction is providing a strong green.

Not a member yet? Join Crypto-ML for free.

Questions

If you have any questions or comments, please let us know in the Comments below or on our Community Forums.

About Crypto-ML

Crypto-ML provides machine learning for crypto traders and investors. Gain crystal-clear signals and deep market insights. Add predictive capabilities to your toolbox. Learn more and join for free.

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