Glossary

Community Trend
The sentiment of the community, based on the forecasts made the last 24h on the Community App.
CyBorg Prediction
The predicted price movement for the next closing price (on a daily basis). The CyBorg predictor is an algorithm developed by SwissBorg based on Machine Learning technology that analyses deeply the price history and different indicators. The probability of the prediction related to the model is, also, given.
Forecasting Accuracy
The accuracy (the number of correct forecasts divided by the total number of the forecasts) is presented for the community as well as for the Cyborg predictor.
General Trend
General trend of the market in the long term.
Technical Trend
Actual trend based on technical analysis.
Bullish
The term "bull" or "bullish" comes from the bull, who strikes upwards with its horns, thus pushing prices higher. Being ‘bullish’ represents an opinion/belief that the price will rise.  A bull market is when an asset's price is rising over a sustained time period
Bearish
The term "bear" or "bearish" comes from the bear, who strikes downward with its paws, thus pushing prices down.  Being ‘bearish’ represent an opinion/belief that the price will fall. A bear market is when an asset's price is falling over a sustained time period
Moving Average (MA)
Trend-following indicator derived from the simple average of the prices on a given time period (for example 20 days).
Volatility
Degree of variation (or dispersion) of the price over time. A period with a lot of price variation will show higher volatility than a stable market that has small price variation.
RSI
The RSI (Relative Strength Index) measures the magnitude and the velocity of price movements. It is deduced from the ratio between positive and negative price changes in a given period of time. This momentum oscillator, measured on a scale from 0 to 100, indicates if the asset is overbought or oversold (usually, an RSI > 70% will indicate an overbought period while an RSI < 30% will indicate an oversold period).
Support/Resistance
Levels where the prices will tend to stop and could probably reverse their trend. A support level will likely tend to stop the prices dropping while resistance is a level where the selling pressure is higher and will likely stop the price rising. Once a support or resistance level are reached, the price will bounce back or breakthrough the level and continue its actual trend.
MACD
The Moving Average Convergence Divergence is trend following momentum indicator that compares a short period and a longer period’s moving average. From these comparisons, a “signal line” and a “MACD” line are constructed. Multiple information can be extracted from this indicator. In particular, when the “Signal” and the “MACD” are crossing, this indicates a probable momentum change between “bulls” and “bears”.
Bollinger Bands (BB)
Bollinger Bands illustrate the dispersion of prices around the average. Bollinger Bands are composed of an upper and a lower band. Usually, the price oscillates between these two bands. When volatility increases, these bands move apart as they contract during a phase of low volatility. In terms of technical analysis, we can read the graph as follows: if the price is close to one of these bands, we are far from the average and it is likely that we are overbought or oversold. In other words, it is likely that the trend will change direction in the short term.
Need help with the terminology?

Glossary

Community Trend
The sentiment of the community, based on the forecasts made the last 24h on the Community App.
CyBorg Prediction
The predicted price movement for the next closing price (on a daily basis). The CyBorg predictor is an algorithm developed by SwissBorg based on Machine Learning technology that analyses deeply the price history and different indicators. The probability of the prediction related to the model is, also, given.
Forecasting Accuracy
The accuracy (the number of correct forecasts divided by the total number of the forecasts) is presented for the community as well as for the Cyborg predictor.
General Trend
General trend of the market in the long term.
Technical Trend
Actual trend based on technical analysis.
Bullish
The term "bull" or "bullish" comes from the bull, who strikes upwards with its horns, thus pushing prices higher. Being ‘bullish’ represents an opinion/belief that the price will rise.  A bull market is when an asset's price is rising over a sustained time period
Bearish
The term "bear" or "bearish" comes from the bear, who strikes downward with its paws, thus pushing prices down.  Being ‘bearish’ represent an opinion/belief that the price will fall. A bear market is when an asset's price is falling over a sustained time period
Moving Average (MA)
Trend-following indicator derived from the simple average of the prices on a given time period (for example 20 days).
Volatility
Degree of variation (or dispersion) of the price over time. A period with a lot of price variation will show higher volatility than a stable market that has small price variation.
RSI
The RSI (Relative Strength Index) measures the magnitude and the velocity of price movements. It is deduced from the ratio between positive and negative price changes in a given period of time. This momentum oscillator, measured on a scale from 0 to 100, indicates if the asset is overbought or oversold (usually, an RSI > 70% will indicate an overbought period while an RSI < 30% will indicate an oversold period).
Support/Resistance
Levels where the prices will tend to stop and could probably reverse their trend. A support level will likely tend to stop the prices dropping while resistance is a level where the selling pressure is higher and will likely stop the price rising. Once a support or resistance level are reached, the price will bounce back or breakthrough the level and continue its actual trend.
MACD
The Moving Average Convergence Divergence is trend following momentum indicator that compares a short period and a longer period’s moving average. From these comparisons, a “signal line” and a “MACD” line are constructed. Multiple information can be extracted from this indicator. In particular, when the “Signal” and the “MACD” are crossing, this indicates a probable momentum change between “bulls” and “bears”.
Bollinger Bands (BB)
Bollinger Bands illustrate the dispersion of prices around the average. Bollinger Bands are composed of an upper and a lower band. Usually, the price oscillates between these two bands. When volatility increases, these bands move apart as they contract during a phase of low volatility. In terms of technical analysis, we can read the graph as follows: if the price is close to one of these bands, we are far from the average and it is likely that we are overbought or oversold. In other words, it is likely that the trend will change direction in the short term.

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Daily Bitcoin Analysis

Thursday, October 31, 2019

The 200-day moving average is the current support.

$

9164

00:00 UTC

-2.82
%
(Last 24 hours)
General Trend
Bearish
Community Trend
Bullish
(
61
%)
CyBorg Predictor
Technical Analysis
Up
(
54
%)
Forecasting Accuracy

CyBorg Predictor

58
%

SwissBorg Community

51
%
Technical Analysis

Current support/resistance: $9'000/$10'000

Since Bitcoin failed to break through the $10'000 resistance, the price has been in a downward trend with a significant decrease in volumes. The key level to monitor is the 200-day moving average which plays its role of support for the moment. Indeed, a price above this indicator in the long term is a positive sign. On the contrary, if the price falls below this line, it is likely that the market will fall back into the $8'500 region without significant support.

In terms of technical indicators, the RSI has returned to a more neutral zone and the MACD lines show a convergence that potentially indicates a trend reversal.

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The analysis is based on the latest close price (00:00 UTC time, daily basis)

Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.