Bitcoin trading indicator: a machine learning driven real time bitcoin trading indicator for the crypto market

Author:

Rahaman AshikurORCID,Bitto Abu KowshirORCID,Biplob Khalid Been Md. BadruzzamanORCID,Bijoy Md. Hasan ImamORCID,Jahan NusratORCID,Mahmud ImranORCID

Abstract

As opposed to other fiat currencies, bitcoin has no relationship with banks. Its price fluctuation is largely influenced by fresh blocks, news, mining information, support or resistance levels, and public opinion. Therefore, a machine-learning model will be fantastic if it learns from data and tells or indicates if we need to purchase or sell for a little period. In this study, we attempted to create a tool or indicator that can gather tweets in real-time using tweepy and the Twitter application programming interface (API) and report the sentiment at the time. Using the renowned Python module "FBProphet," we developed a model in the second phase that can gather historical price data for the bitcoin to US dollar (BTCUSD) pair and project the price of bitcoin. In order to provide guidance for an intelligent forex trader, we finally merged all of the models into one form. We traded with various models for a very little number of days to validate our bitcoin trading indicator (BTI), and we discovered that the combined version of this tool is more profitable. With the combined version of the instrument, we quickly and with little error root mean square error (RMSE: 1,480.58) generated a profit of $1,000.71 USD.

Publisher

Institute of Advanced Engineering and Science

Subject

Electrical and Electronic Engineering,Control and Optimization,Computer Networks and Communications,Hardware and Architecture,Instrumentation,Information Systems,Control and Systems Engineering,Computer Science (miscellaneous)

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Using Natural Language Processing and Blockchain for Employee Performance Evaluation;2023 3rd International Conference on Advance Computing and Innovative Technologies in Engineering (ICACITE);2023-05-12

2. KGR-Rainfall: Temperature-Based Rainfall Prediction in Bangladesh with Novel KGR Stacking Ensemble;2023 International Conference on Artificial Intelligence and Applications (ICAIA) Alliance Technology Conference (ATCON-1);2023-04-21

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