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What best predicts whether the price of Bitcoin will go up or down? What if there was an algorithm that could predict this at least a day in advance? This is what we’re building at the AlgoHive project and will be sharing how step-by-step.
Just a quick refresher this project began with my initial Medium post on how I created a Bitcoin prediction algorithm that produces a 29% positive return:
How I Created a Bitcoin Trading Algorithm With a 29% Return Rate Using Sentiment Analysis
This kicked off quite a few conversations on how best to improve and create a more robust algorithm. We now have a thriving community with investors, machine learning experts, data scientists and even beginners just wanting to follow along and learn more.
The first project we’re working on is how build a Bitcoin prediction algorithm that gives a Buy/Sell signal for a given date with the intention to maximize profits. One of our data scientist community members, Laura Vargas, an alumni of CodingNomads, is leading up the effort and is creating an open-source version of this BTC signal bot in GitHub.
What follows is our roadmap based on this code repository.
The Bitcoin Signal APIÂ Roadmap
Here is a quick glance at our roadmap:
What’s Under the Hood
The first step was determining the tools that will be used for the project. As this is an open-source project there were no shortage of great free tools to choose from most of which works seamlessly with the Python programming language.
Our tech stack is built on open-source technology that work well with the underlying Python programming language:
Pandas: an open source, BSD-licensed library providing high-performance, easy-to-use data structures and data analysis tools for the Python programming language:
Python Data Analysis Library - pandas: Python Data Analysis Library
Django: a high-level Python Web framework that encourages rapid development and clean, pragmatic design. Built by experienced developers, it takes care of much of the hassle of Web development, so you can focus on writing your app without needing to reinvent the wheel. It’s free and openÂ
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.