Common sense dictates you follow world news.
Russia's stocks plunge? Looks like Russia's middle class might need a way to store value and move it throughout the country or internationally. -> Bitcoin up.
The UK eases tax regulations on income generated through Bitcoin? Might get a modest bump considering London is a financial Mecca. -> Bitcoin up.
I am a programmer myself, so it would be pretty easy, at least the way my mind works, to program a set of pre-determined conditions, and then when one of those conditions pops up in real life, send out an alert on your app (or whatever it is) that says "X is doing Y, 75% chance of breaking $700", and link users to a non-partisan news article regarding the event. Maybe create categories for prediction events:
Military, political, financial news, news within the crypto world (such as the Gox fiasco), etc.
You don't have to be an economist. Human emotion dictates this market as well as most others. I trust you will capitalize on it.
I have plenty of Bitcoin myself but I won't decline a gracious tip of exactly 1 Satoshi.
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Topic: What technical indicators would you say are most reliable? - page 2. (Read 3926 times)
Hiya! I have posted a while ago that I was starting a buisness in speculating in bitcoin; This went splendidly! As I'm talking, I'm sales director, general manager and AI expert & consultant at a small financial company that is focussed on the development of prediction models for cryptocurrencies, based on statistics and technical analysis.
We're working on an AI-system right now, that can give real-time advice based on technical indicators. It incorporates analysis of the history of the bitcoin, and of course the order book. However, here's the question I have; I am not a professional economist nor am I a an expert on markets. I'm mostly concerned with PR and consultancy at the AI department. Basically, I'm asking you for advice on technical analysis; What would you say are meaningful technical indicators for bitcoin, or pairs of technical indicators? I'm well capable of using multivariate analysis, and doing the math & IT behind the AI I am responsible for, however, I lack the economic knowledge and "know-how" in the bitcoin.
So, what would you guys say would be good indicators I can work with? For example, I've heard about indicators like the Williams %r and such. Which ones would you say give the most meaningful data? (People who give me useful information that I can incorporate in my work I'll gladly give a cut of the profits, by the way
- if this isn't against the rules of the forum. If it is, remove it / I'll remove it! )
We're working on an AI-system right now, that can give real-time advice based on technical indicators. It incorporates analysis of the history of the bitcoin, and of course the order book. However, here's the question I have; I am not a professional economist nor am I a an expert on markets. I'm mostly concerned with PR and consultancy at the AI department. Basically, I'm asking you for advice on technical analysis; What would you say are meaningful technical indicators for bitcoin, or pairs of technical indicators? I'm well capable of using multivariate analysis, and doing the math & IT behind the AI I am responsible for, however, I lack the economic knowledge and "know-how" in the bitcoin.
So, what would you guys say would be good indicators I can work with? For example, I've heard about indicators like the Williams %r and such. Which ones would you say give the most meaningful data? (People who give me useful information that I can incorporate in my work I'll gladly give a cut of the profits, by the way
- if this isn't against the rules of the forum. If it is, remove it / I'll remove it! ) Jump to: