- April 18, 2020 at 6:08 pm #8656
I have noticed over the past few BCH cycles that the model is often way off with its predictions versus what actually happens (when BCH opened last it was predicting 25% gains for two days and this turned out to be 7-8% gains (with the 25% further gains predicted once it had gotten to around 4% gains already)). The last two cycles similar gains were predicted, but there were instead significant drops. I was curious if any updates to the BCH model were in place given its inconsistent behavior. Ultimately every investor seeks to gain as much as possible from their trades and I swapped from ETH to BCH prior to ETH’s jump given the prediction of significant gains and as a result missed out on significant ETH gains.
- April 18, 2020 at 6:09 pm #8657
I recognize that BCH seems particularly liquid in these less predictable times and that markets are facing novel behaviors that further challenge the models.
- April 19, 2020 at 9:31 am #8659JustinModerator
Yes, we have been monitoring BCH closely as it was providing that extreme reading for a fairly long time. While it will go through additional training, readings like that can happen simply because a unique set of conditions happened to match some prior pattern.
Even though the reading was higher than reality, it still resulted in a great trade that closed out at a very good time.
Both ETH and BCH closed out trades for nice gains.
- April 19, 2020 at 12:57 pm #8660
Agreed and I was fortunate to get some of the gains as well. Have a better sense of how to best use the new models, thanks again for what you do, I am happy with my overall gains for the month even with the losses that were incurred.
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