In case you're interested in machine learning based trading:

https://www.youtube.com/watch?v=O7GMHzC1PbU

 

hi there,

I came across this video: "Artificial Intelligence Bitcoin price prediction. Using machine learning to predict the future price of bitcoin." https://www.youtube.com/watch?v=O7GMHzC1PbU
I hope you find this useful.

"How Many Cryptocurrencies Are Simply Following the Market?" --> Almost all of them: https://enroyd.com/BTC_Correlations/

This is the only possible conclusion if you check their social sentiment scores: https://enroyd.com/TRX_Sentiment/
https://enroyd.com/ETH_Sentiment/
https://enroyd.com/EOS_Sentiment/
https://enroyd.com/ADA_Sentiment/

Is TRX the only project that manages to keep people (and the market) engaged? What do you think?

Yeah, that site, enroyd.com, is really interesting. Actually I found it via this blog article: https://captainaltcoin.com/xrp-and-btc-decoupling-time-is-still-a-pipe-dream/  Their analysis is focused on XRP, but it could be applied to ETH perfectly.

hi there,

it would seem that the correlation coefficient between ETH and BTC has been decreasing:
https://enroyd.com/ETH_Correlations/

Would a constant correlation coefficient around 0 indicate that Ether's price no longer depends on BTC? Are there any Stats experts here in the forum?

Thanks!

This is why:

https://enroyd.com/ETH_Correlations/

I see what you mean.

But it might also be true that there is some correlation between the sentiment scores and the price movements. This is what the guy in the video said, right?
For example, look at this: https://enroyd.com/BTC_Sentiment/
The sentiment score decreased when the prices decreased.

Hi,

does anybody have experience with "statistical arbitrage trading"?

I came across this video, but I'm not sure if this stuff makes sense or not:

https://www.youtube.com/watch?v=Q440W5p8YIQ

Ok, these are all very valid points.

But don't you think sentiment could be used as an additional factor? Couldn't you try to trade based on a combination of sentiment scores and other technical indicators, like RSI, Bollinger Bands, etc. ?

Has anybody ever tried this?
https://cryptohearsay.com/2018/10/27/cryptocurrency-social-sentiment/

Do you know if this works? 

I still believe in Bitcoin. The fundamentals haven't changed.

Sure, but the two coins still seem to be correlated... this is a bit odd.

https://captainaltcoin.com/xrp-and-btc-decoupling-time-is-still-a-pipe-dream/

What do you think? Will XRP decouple from BTC?

Thanks for your reply!
Why do you think the sentiment is biased? Could you please elaborate?
The price seems to follow the evolution of the sentiment score (or the other way around.... who knows): https://enroyd.com/btc_sentiment/

I've been trying to think of a strategy that combines correlation and sentiment... well, and also the price predictions by sites like enroyd or walletinvestor. Not sure if this makes sense....?

BTC Hi there,
I'm quite new to crypto trading. I've seen that the correlation between Bitcoin and altcoins seems to follow some sort of cycles:
https://enroyd.com/BTC_Correlations/
https://enroyd.com/Correlations/

I was wondering if a decreasing correlation could be indicative of a BTC rally. Do you think this makes sense? Would you swap alt for BTC when the correlation coefficients go down? Does anybody have any experience with this?

Thanks!
Bene 

The market sentiment is (still) too negative for a bull run. Look: https://enroyd.com/btc_sentiment/
You remember that study published by Yale? https://cointelegraph.com/news/yale-research-proposes-factors-for-crypto-price-prediction
This is what they found out:
"Apart from the momentum effect, the Yale researchers mention the factor of investor attention, which is a correlation between crypto prices and the number of posts and queries for cryptocurrencies on social media and in search engines."

Hence, as long as the market sentiment doesn't improve, I don't think we'll see a huge bull run.

What do you guys think?

I'd recommend Enroyd.com. It's not about technical analysis, but those guys use Machine Learning. I use it to spot interesting coins and trends (or possible trend changes).

Hodl or die trying!

The market sentiment doesn't look very bullish today: https://enroyd.com/btc_sentiment/
But Buffet told us to buy when there is blood on the streets, right?