So, I started to poke around with this Facebook framework Prophet, its pretty neat, I've got some insights and I want to share:
Ok, so we can see that price will probably stay between $6200 and $12000 until December (unless we have another changepoint, like October 2017 or February 2018). I think highly unlikely to go below $5500 because we usually have a very supportive line in rounded number like $6000 or $5500, anyway, just my way to see.
When doing machine learning with time series it's a good practice to chunk this data and train this chunk alone. Le'ts do a prediction based on the 3rd trend of the last figure:
Zoom:
Okay, now we have a small gap between those hats, and good news, a higher probability to price go up than to go down.
Time to buy? You tell me.
PS: Keep an eye on bitcoin news, everything can be a changepoint.
Any insight? Share it!
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