CyberPunkMetalHead Cryptocurrency Machine

CyberPunkMetalHead operates in time scale of 1-hour.
The algorithm works together with Binance API.
CyberPunkMetalHead predicts higher “high” compared to opening price.

CyberPunkMetalHead is a fully functional trading bot that is able to place trades based on its predictions of the price of Bitcoin (BTC). It accomplishes this by making predictions about the price of Bitcoin (BTC).

The algorithm operates on a time scale of one hour, during which the prediction model will be given the current open price of the new open candle. It will then be tasked with predicting the likely “High” price of this candle using the information it has been provided. Immediately following the completion of the predictions, the algorithm will then move on to the next step, which is to buy BTC utilizing the Binance API.

The computer program is going to perform a check every second for the next sixty minutes to see if the current price of Bitcoin is lower than the prediction or if it is higher. If this is the case, the order will be cancelled as soon as the algorithm realizes it. However, if after an hour the predicted price has not been reached, the algorithm will automatically sell the Bitcoin that it bought because both the model and the prediction will no longer be as accurate.

However, this CyberPunkMetaHead does have its own flaws, one of which is that it consistently forecasts a higher “high” compared to the opening price. This indicates that the algorithm appears to believe that even red candles will have a wick. The algorithm is quite straightforward and not very amenable to customization; it might benefit from a take profit or stop loss function, along with other enhancements; however, this is just a proof of concept.

Disclaimer: In other words, you should use this at your own peril. The device is operational, but the efficiency of the approach has not been evaluated.

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Munene Kelvin

Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.