Daily forecast for BTCUSD (BITFINEX) MIN and MAX of the day based on machine learning tools.
Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located.
The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located.
Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model.
According to the models’ forecasts, we are expecting the uptrend.
In this case, one of the models indicates that the minimum of the day has already played along with the opening. We are waiting for the closure of the day candle with a gain.
We will wait for more anomalies throughout the day. They will determine the price level of closing.
Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located.
The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located.
Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model.
According to the models’ forecasts, we are expecting the uptrend.
In this case, one of the models indicates that the minimum of the day has already played along with the opening. We are waiting for the closure of the day candle with a gain.
We will wait for more anomalies throughout the day. They will determine the price level of closing.
For today, in the absence of anomalies, we do not expect to reach the predicted maximum.
This is due to an unsuccessful attempt to break through the walls at a price level of 11,000 (+ -50), where at 6:15 the BUY volume was 2.3k. BTC
After that at 6:30 the answer was SELL with a volume of 2k BTC.
At the same time, it is obvious that orders to support the new price level simply did not suffice, what led to a price push down to the value of 10750.