Today I decided to use Power BI with R Script to try and predict the price of Steem and EOS at the 31 Aug.
The thing is I don’t know R Script, so I need to rely on the fact that Power BI is a self-service business intelligence tool. Self-service meaning I shouldn’t need any programming knowledge.
There is a suite of Custom Visuals, some created by developers and some created by Microsoft, that run on R Script. In essence, all I have to do is install R and the custom visual and then fire up my data in Power BI.
Steem Prediction
To gather initial data, I connected Power BI to the web page https://coinmarketcap.com/currencies/steem/historical-data/ and pulled in the closing price and dates from the 1 Jan 2017. Then with the click of a button I added my Forcasting R Script visual, set the forecast period to the 31 Aug and here are the results I got
I am predicting a closing price of Steem on the 31 Aug to be $1.36. Our ‘too the moon price’ will be $3.57 assuming a break out and rally. However on the opposite side there is also the possibility that the price of Steem could sink to $0.39
Obviously these price predictions are working on an algorithm based on previous daily closing prices and do not factor volume or other market factors.
EOS Prediction
Using the same custom visual I decided to also have a look at EOS. This is a new coin so there are a lot fewer data points to be analysed in the algorithm.
Unfortunatlly the outlook isn’t so good. I am predicting a closing price of EOS on the 31 Aug to be $1.31. There is a to the moon price of $1.70 but EOS could also crash down to $0.99
By no means in this financial advice. This analysis was prepared for a bit of fun. In fact to be honest, my knowledge of Cyrpto currencies and blockchain is limited to the Analysis I have prepared here on Steemit.
This is original Steemit Content
Interested in data or Business Intelligence? Join the Business Intelligence Steemit Community on Slack
You can Join the community here: https://sbcautoinvite.herokuapp.com
Once you have joined the community, hop over to the #bisteemit tag and introduce yourself.
just to clarify what you've presented here from a trading standpoint, it's a probability curve based on historical volatility. It's often used to get a rough idea of the expected trading range over time for options-related strategies.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is world-class material.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm hooked!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You've got a true talent.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@alexpmorris thank you kindly for sharing this with me. As I always say everyday is a school day. I know nothing about technical analysis
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for sharing this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great job explaining.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is extraordinary!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Amazing effort.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Keep sharing such content.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You've exceeded my expectations.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is truly exceptional.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're rocking it!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is absolutely epic!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You've got a bright future ahead.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice charts! Where can I find your R code? Is it on github?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol this is not my R code. I use power bi and this is a custom R visual that I have downloaded. I know nothing about R.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
EOS is in route to $2500.00 USD after ICO
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Incredible, once again. Even stabilizing around 1.36 - 1.40 would be nice. The recent up/down cycles are frustrating.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I still hope Steem price will be over $4 this year :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Another great post Paula. TA aside, I'm betting STEEM is going to over $2 and here's why.
As I mentioned in my Tech Thursdays post, usage is key. Both of those new platforms are/will be using STEEM. More usage = more demand.
Toss in the fact that Crypto is big news in the mainstream finance world and you've got lots more investors coming in looking to invest. More demand. Those investors will be looking for platforms with fundamentals and the two reasons above, plus Steemit would make STEEM a very nice coin to invest in. Oh, and the prices of STEEM is cheap atm.
It won't be going anywhere near 0.39 unless of course there is some unforeseen catastrophe, like bots running amok stealing from the rewards pool ;).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm so impressed!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Absolutely amazing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You make it look easy!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You've done your homework.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You've got serious talent.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is impressive stuff.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You've got skills to envy.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well done!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is absolutely epic!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bought an Ether worth of Steem about an hour ago, not liking the sound of $.39 but we shall see!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Power BI ... R Script... hmmm, i'll share with you what I use :
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
love it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
haha as long as it works for you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @paulag! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wonderful,though I know its just for fun, steem was predicted to have a year ending price of $4, I wonder where that went to. . . . .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't know how much predictive value this has but that EOS outlook looks great to me. Only way I can ever be a large stakeholder on that platform is if it crashes hard for the next while...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@dermotruk I need to learn about EOS, everyone is talking about it and I haven't even looked. Maybe you should set up a community on scrypto about EOS? I might be a good community to own over there.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There's a very active Telegram channel.
https://steemit.com/beyondbitcoin/@officialfuzzy/why-aren-t-you-in-the-telegram-for-dan-larimers-new-superchain-eos-project
I suggest watching @dan's talk from Consensus 2017. Really good.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can't stop watching/reading/listening.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit