The Bitcoin price rises to $803 this morning. I have two trading system. One is called the Robot Dog “B” which is an A.I. made system for mid-term trend. There were three force EXIT signals on last two months and then a BUY signal was followed by each EXIT signal just for a few days. It confirmed that the BTC trend is in the upward mode.
I used a regression method to project the price of BTC will go to about $1000 in END of Jan 2017. I hope the upward trend continue.
Another trading system called Robot Fighter “S” which is a short term day trading system which is in a beta testing stage (paper trading). It shows there is no EXIT signal in the past ten days which is also confirmed the upward price trend of BTC.
I assigned a programmer to work out the API linking to the bitcoin exchange and planned to finish in Feb 2017. I hope to have some real trading result to show you after Feb 2017.
To project the long-term trend of bitcoin price, I built up a bitcoin trend chart in log-scale to be the y-axis. The exponential equation shown on the diagram becomes a straight line. The R-Squared value is 0.7969 ~ 0.8. It is a value between 0 and 1. If the curve is very fit the data, the value will be near to 1. It means the trend of the bitcoin price develops in an exponential curve pattern. In this chart, it projects that bitcoin price will reach $8,000 to $9,000 in September 2017. It may reach over $12,000 in 2019.