John Jacques's Avatar
John Jacques
published in Blogs
Mar 02, 2018
How Artificial Intelligence Predicted the Bitcoin Crash

How Artificial Intelligence Predicted the Bitcoin Crash

On January 17, Tickeron’s Artificial Intelligence (Pattern Search Engine) confirmed a “Broadening Bottom Pattern” for Bitcoin. The AI made a prediction was bold and difficult to believe, given Bitcoin’s powerful rise over the last year.

Tickeron’s Artificial Intelligence was predicting a -40.53% crash.

At the time of the prediction, Bitcoin (BTC.X) was trading at a little over $11,000, but according to the AI’s forecast, it believed with 88.78% confidence that the price was set to plunge below $6,000.

What happened next is astonishing:

●  BTC.X ‘breakout price’ set by AI on January 17: $11,491 (reached on January 18)
 BTC.X price on February 5: $6,914

On a price basis, that marks a 39% decline, meaning the AI’s forecast was remarkably close to being on target. To note, the AI never makes any predictions with certainty, but calling for this Bitcoin crash is a significant indicator of the AI’s potential.

Here’s how the prediction was displayed at the time of inception. You can see the breakout price, target price, and an image of the “Broadening Bottom Pattern” in the chart:

For investors who are new to pattern trading, a Broadening Bottom pattern forms when a security’s price progressively makes higher highs (2 and 4 in the Bitcoin chart) and lower lows (1, 3, 5), creating two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first — in this case, the lower boundary.

For investors who are subscribed to Tickeron’s AI-powered Pattern Search Engine and received an alert of this Broadening Bottom pattern for Bitcoin, there could have been a few trading options. One option might have been to sell Bitcoin and buy it back at a lower price — assuming the trader believed the declines would be significant but also temporary. Another possibility would have been to purchase a put option on Bitcoin at the time of the AI’s prediction when the price was still high.

Start a Free Trial Using Tickeron’s Pattern Search Engine

If you’ve never seen algorithms and AI that can discover patterns in the cryptocurrency and stock market before, perhaps it’s because it has never been available to retail investors in this format. Tickeron’s idea is to provide retail investors with technology and tools to enable trading with massive amounts of data and analysis. The end result is arming retail investors with a high-powered, virtual research assistant: Tickeron’s Artificial Intelligence.

Start your free trial here: Pattern Search Engine

To note: the information in this post does not constitute investment advice, and Tickeron has no recommendation for Bitcoin or any other cryptocurrency. Investing in cryptocurrencies involves risk of total loss.

Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.