PRICE PREDICTION OF DIFFERENT CRYPTOCURRENCIES USING TECHNICAL TRADE INDICATORS AND MACHINE LEARNING

From the past two years with increasing geopolitical and economic issues, global currency values have been falling and stock markets have been having a poor run & investors losing wealth. This has led to a renewal of interest in digital currencies. Cryptocurrency one of the most prominent digita...

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Bibliographic Details
Published in:IOP conference series. Materials Science and Engineering 2020-11, Vol.928 (3), p.32007
Main Authors: khalid salman, Mohammed, Abdu Ibrahim, Abdullahi
Format: Article
Language:English
Subjects:
bitcoin
Cryptocurrency
Currency
Data mining
Digital currencies
economics
Impact analysis
Indicators
Machine learning
neural network
Neural networks
prediction
Prices
Pricing
Stock exchanges
technical trade
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Summary:From the past two years with increasing geopolitical and economic issues, global currency values have been falling and stock markets have been having a poor run & investors losing wealth. This has led to a renewal of interest in digital currencies. Cryptocurrency one of the most prominent digital currency has found itself in spotlight with investors wanting a piece of it and business establishments accepting it as a source of payment due to its stable performance in the last few years. This research has been done on predicting cryptocurrency prices using machine learning based neural network which has a lowest the model loss over 100 epochs during training and Technical Trade Indicators (TTI) graphs depicts a real BTC value 5 to 10 times in 300-days of current fiscal year has further supported this increasing trader confidence and a shift in global cryptocurrency graph by predicted BTC values. On the same lines, we are analyzing bitcoin prices using Machine Learning and Sentiment Analysis. We also study stock market trends in order to better predict bitcoin prices quantitively. In this work we analyze the impact of global currencies like US Dollar, foreign exchanges on Bitcoin prices and whether Bitcoin has the stability to dethrone global currencies and become the single medium of transaction. This work is adequate enough to aid in predicting price and with results obtained from predicting Bitcoin prices using machine learning based neural network achieving an accuracy of 94.89% under all circumstances of technical trade indication thereby bringing down its price prediction by over 13.7% in April 2020 itself during evaluation.
ISSN:1757-8981
1757-899X
DOI:10.1088/1757-899X/928/3/032007