To improve your success rate when forecasting you can also leverage the Community Trend or the Cyborg Predicator
Another way to predict the bitcoin price is by using all the concepts of Swarm intelligence. In the SwissBorg Community App, we provide you the Community Trend, it shows the dominant pattern of other players' forecasts over the last 24 hours: are the majority of forecasts "up" (bullish) or "down" (bearish)? You can follow the crowd’s choice and even track their accuracy.
Note: If you don’t know what is swarm intelligence and how it can be used, check this article: Swarm Intelligence Program
The SwissBorg Community app lets you analyze the market with the help of our AI. Click on the learn tab to find CyBorg predictor. Cyborg is a complex algorithm that analyses the precedent prices to predict what is likely to happen next.
As you know, market data are incredibly complex, and a machine learning model might not be able to have a high certitude on the output every time. That is why it outputs a probability, and as it gets closer to 50%, fewer risks should be used.
In the Daily Bitcoin Analysis, you will find the predicted probability for the expected trend given at the end of the previous day for the next one. The probability should not be interpreted as the probability for the price to change in a direction but how the model interprets it. If the new data point is close to previous ones used for training, the algorithm will be more certain, thinking that the trend will be similar and the probability closer to 100%. More on how CyBorg works you may find here: CyBorg Predictor.
All these tools and indicators should be combined together and help you improve your success rate and climb up in the ranking.