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Author Topic: How to predict the start of a new Bull Market using a data driven model  (Read 238 times)
Zadicar
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August 23, 2018, 06:47:12 PM
 #21

History doesn't repeat itself. We could even see bitcoin testing new lows before going up again but your model can help people to gauge how close the market is bottoming. Another way to gauge market bottom is when the crypto market is boring and many people have already cut their losses.
Definitely right and was supposed to say the same thing which History doesn't repeat and its not a sure thing even though we do see its previous price path but doesn't mean it would guaranteed to happen once again but I would say sooner or later there would really be a possible recovery because not all the times market would be like this which is on dump state. We might see a growth but this would be a slow and on gradual aspect I believe.

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Lighthouze
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August 23, 2018, 09:16:08 PM
 #22

History doesn't repeat itself. We could even see bitcoin testing new lows before going up again but your model can help people to gauge how close the market is bottoming. Another way to gauge market bottom is when the crypto market is boring and many people have already cut their losses.

Market isn't predictable, but Technical Analysis rely on previous support and resistance areas for future ones, this for me is the predictability of the market. A bull run is definitely on the horizon...BTC might even test new lows before this happens. Let's be optimistic

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Astrilian (OP)
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September 02, 2018, 09:14:00 AM
 #23

History doesn't repeat itself. We could even see bitcoin testing new lows before going up again but your model can help people to gauge how close the market is bottoming. Another way to gauge market bottom is when the crypto market is boring and many people have already cut their losses.

Isn't that the case already now? At my almost workplace everyone talked about crypto 6 months ago, then it was quietening down and now people moved on and rarely talk. Also the volume is low and google trends show record low search requests for all block chain related terms. If this is not the bottom than I don't what else needs to happen.

Mt. Dempo
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September 02, 2018, 09:27:53 AM
 #24

History doesn't repeat itself. We could even see bitcoin testing new lows before going up again but your model can help people to gauge how close the market is bottoming. Another way to gauge market bottom is when the crypto market is boring and many people have already cut their losses.
indeed history does not repeat itself, but history will not change and from that we can learn and analyze to conclude what happens in the future.

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Astrilian (OP)
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September 02, 2018, 01:42:34 PM
 #25

History doesn't repeat itself. We could even see bitcoin testing new lows before going up again but your model can help people to gauge how close the market is bottoming. Another way to gauge market bottom is when the crypto market is boring and many people have already cut their losses.
indeed history does not repeat itself, but history will not change and from that we can learn and analyze to conclude what happens in the future.

History might indeed not repeat itself one by one, but it does rhyme, according to leading economists. In fact many financial experts like Peter Schiff made mistakes predicting the future (stock market collapse) by examining past events and taking them into context. If we get a stock market crash this year, then his methodology was right, he was just a off with the timeline.

All in all I think it's better to rely on data than on endless speculation that is rooted primary in our minds.

Milamol
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September 02, 2018, 02:17:11 PM
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This project looks great.
Nevertheless, it is necessary to take into account that the market has unpredictable phases and amplitudes of fluctuations. It depends on the fundamental indicators, and on the crypto market. And also data sample is still small to create statistics with large time intervals.

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