We are using proprietary deep learning on vast sets of different data to assess where could be possible price bands of resistance for cryptocurrencies. For many excellent past cases of achieving high returns with BittsBands see our blog posts at http://www.bittsanalytics.com/blog/category/bittsbands/
Several days ago we wrote about how one could use BittsBands to make great return on EOS when the price was around 12 USD:
What we also noted at the time was the relatively weak resistance bands above 12 USD, see chart from that tweet:
In this situation a rally through 12 USD and much higher would seem much more easier. This is indeed what has happened in the last days with the price now reaching 21.25 USD for a return of 77% in less than a week.
If you want to include these deep learned data in your cryptocurrency analysis you can find it at our BittsAnalytics platform: www.bittsanalytics.com. Platform also has a lot of other advanced data such as social media analytics and chart patterns automatically detected with AI as well as sophisticated analytical tools. These have also proven excellent generators of trading signals, read more about them here: http://www.bittsanalytics.com/blog/category/bittssignals/
We are using deep learning on vast sets of different data to assess where could be possible price bands of resistance for cryptocurrencies. For more detailed explanation of BittsBands please see e.g. our blog post:
Our deep learned BittsBands have proven excellent for trading in recent Bitcoin price developments
In this blog post we discuss EOS BittsBands. As you can see in the BittsBands chart below EOS was approaching prices ranges with very weak BittsBands above 12 USD. That means a high probability of rapid rise of EOS and this is indeed what happened next with the price now over 15 USD for a quick 25% return in around a day.
If you want to include these deep learned analysis in your cryptocurrency trading you can find it at our BittsAnalytics platform: www.bittsanalytics.com.. Platform also has a lot of other advanced data such as social media analytics and chart patterns automatically detected with AI as well as sophisticated analytical tools.
We track millions of social media posts and use machine learning to determine sentiment for 200+ of cryptocurrencies in real-time. Below is real-time sentiment of tweets mentioning EOS over the last period. We often look for any extremes in hourly sentiment because often sentiment is ahead of price. As you can see the hourly sentiment of EOS made a major sentiment reversal on 11th January, 4am UTC time. As we have already posted in other such cases in the past this means a major bullish signal and indeed EOS has rallied since then for a gain of around 60% in around two days.
Note also (see picture below) that at around same time there was also a spike in tweets mentions of EOS which is another confirming indicator.
Tweets mentions and sentiment are often ahead of the price and you can start using sentiment and tweets mentions data like this to improve your cryptocurrency trading by using our platform www.bittsanalytics.com.
EOS is really an outlier in the last weeks return. Bitcoin Cash also made a nice return in a week.