Bitcoin Forecast Based on Machine Learning: Returns up to 16.04% in 7 Days

Bitcoin Forecast

The Bitcoin Forecast Package is designed for investors and analysts who need predictions of the best cryptocurrencies to buy. It includes 2 predictions with bullish and bearish signals and indicates the predicted direction in the given time horizon for the cryptocurrencies:

Package Name: Bitcoin
Forecast Length: 7 Days (5/3/2020 – 5/10/2020)
I Know First Hit Ratio: 100.0%
Bitcoin Forecast

During the 7 Days forecasted period several picks in the Bitcoin Package saw significant returns. The algorithm had correctly predicted 2 out 2 returns. The prediction with the highest return was BTC/EUR, at 16.04%. Other notable returns came from USD/BTC with a return of 12.66%. This algorithmic forecast package presented an overall return of 100.0% versus S&P 500’s performance of ###CVSTABLE1-BENCHMARK###% providing a market premium of ###CVSTABLE1-PREMIUM###%.

Exchange rates for Bitcoin to European Euro

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 2 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note that if you are considering the information mentioned above for trading decisions, you should use the most recent forecast made by the algorithm of I Know First. Get today’s forecast and Top stock picks.