And how exactly those predictions are very useful?
Anything "daily" "weekly" or with TA trying to predict the market (or coin) moves in the short run is just guessing.
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And how exactly those predictions are very useful?
Anything "daily" "weekly" or with TA trying to predict the market (or coin) moves in the short run is just guessing.
We actually agree with you on this, and that is why we are entering the space in the first place. We don't believe in TA and predictability of these markets overall, but we also believe that there are some days that you can predict with more confidence than others, and certain movements are more predictable than others. We also believe that although predicting an individual coin is impossible, by combining these predictions, we can get a better estimate of the market's direction than we would be able to do ourselves. For example, our 24h accuracy might not be exact coin by coin, but combining these predictions we can get a fairly good sense of where the market is heading, and ultimately if you could tell the direction of let's say the top 10 coins, you might be able to make some guesses for your own trading. We do not believe in TA, but we also recognize that there are patterns to be captured through TA, since for instance a lot of trading bots make trading decisions based on things like different levels of MA, and that is what we set out to do; what if TA works but only under certain conditions? Our guess is probably not, but there really is only one way to find out. Thank you for stopping by!
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