Bitcoin Forecast Based on Predictive Analytics: Returns up to 17.19% 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 (7/26/2020 – 8/3/2020)
I Know First Hit Ratio: 100.0%
For this 7 Days forecast the algorithm had successfully predicted 2 out of 2 movements. BTC/EUR was our best stock pick this week a return of 17.19%. The other notable return came from USD/BTC with a return of 15.41%. The package had an overall average return of 100.0%, providing investors with a ###CVSTABLE1-PREMIUM###% premium over the S&P 500’s return of ###CVSTABLE1-BENCHMARK###% during the period.
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-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.