Potential Price Peak at 1-2pm EST 3/31

[K128kevin]

Hey guys, I made a prediction about a week ish ago about a dip in price that would occur at 4am, followed by a returning rise. The prediction was semi-successful in that the dip occurred, and the bottom of the dip occurred almost exactly when predicted, but the rise did not occur.

But anyway I would like to make another prediction now! Some of you have seen my website (http://www.btcpredictions.com). It has charts displaying predictions made by software using neural networks, and it's updated every hour based on the previous hour's prices. Right now, at 10:10pm EST, it is predicting a continued slow and steady rise in price until about 2pm EST tomorrow, when it says prices will start to go down a bit.

I believe this prediction is going to be pretty accurate. It has been making accurate predictions pretty consistently since the market calmed down a bit after the whole China ban thing. We'll see what happens though, this is certainly no guarantee!

[Bit_Happy]

"Price peak" for what time frame...short-term?
If $450 holds we can be back to $700+ in a week or two.

[K128kevin]

Yes, I mean short-term. As in, it being the highest price in the next 24 hours. Seems to have dipped down all of a sudden in the past like 5 min or so though, so idk what this is all about.

[arepo]

Yes, I mean short-term. As in, it being the highest price in the next 24 hours. Seems to have dipped down all of a sudden in the past like 5 min or so though, so idk what this is all about.

price peak has passed. perhaps your algo predicted the bulltrap, but was off by a few hours?

[durrrr]

Can I ask where your getting your ideas from? Please don't tell me your just looking at the past because I realise that's a good idea but there has to be more than that to cause price to go up

[chesthing]

"Price peak" for what time frame...short-term?
If $450 holds we can be back to $700+ in a week or two.

Week or two - China ≠$700+.

[arepo]

Can I ask where your getting your ideas from? Please don't tell me your just looking at the past because I realise that's a good idea but there has to be more than that to cause price to go up

he's got a neural-network learning algorithm that he trained on historical price data. pretty awesome and impressive project, but precision doesn't seem to be its thing.

[Bit_Happy]

"Price peak" for what time frame...short-term?
If $450 holds we can be back to $700+ in a week or two.

Week or two - China ≠$700+.

China is old news, time to move on.

[K128kevin]

Hmm so in about 30 minutes it is going to re-adjust it's prediction based on this drop we just had happen. I doubt it's still going to predict a price peak at that time but we'll see. It might still call for a peak around then, just at a lower price.

Can I ask where your getting your ideas from? Please don't tell me your just looking at the past because I realise that's a good idea but there has to be more than that to cause price to go up

Like arepo said, it trains a neural network on the historic price data. It seems like it's mostly been better at predicting shapes of graphs and trends rather than specific prices. It may know when the price will peak or dip, but sometimes it will get the specific value of the peak/dip wrong. Luckily though, this is more important than specific numbers.

[K128kevin]

So it has re-adjusted its prediction and, like I said might happen in my previous post, it still predicts a peak around the same time, possibly an hour later. Only difference is that the road to that point looks a little bumpier, and the peak isn't quite as high.

[BitOnyx]

It might need to readjust few times now.

[Zule]

Me thinks that the machine needs to have an asshole so it can pull predictions effectively and free up cpu time for mining

[K128kevin]

Well once the neural network readjusted the prediction after the dip in price at midnight EST last night, it predicted the general shape of the graph over the past 21 ish hours correctly. The peak occurred about an hour earlier than it predicted and it wasn't quite as high. The prediction was that the average price at the peak would be around $474 ish, but it ended up being something more around $465. Not a perfect prediction, but it definitely got the graph shape right.

It's predicting for a pretty intense drop in the next several hours, getting down into the $420s from around 1am to 3am EST, followed by a rise back up to the mid $400s. Let's see what happens!

[keithers]

Can I ask where your getting your ideas from? Please don't tell me your just looking at the past because I realise that's a good idea but there has to be more than that to cause price to go up

Maybe he shakes his Magic 8 Ball and it tells him what is going to happen with the prices...haha

[K128kevin]

Maybe he shakes his Magic 8 Ball and it tells him what is going to happen with the prices...haha

I factor in a lot of different potential indicators of price when making these predictions, but the Magic 8 Ball definitely plays the most crucial role

[Bit_Happy]

Heading up now?
More details pending...

[arepo]

Me thinks that the machine needs to have an asshole so it can pull predictions effectively and free up cpu time for mining

haha i LOL'd