Analytical Products: First Insights
Cindicator is finally listed on Binance. Now we’re able to distribute analytical products on the open market. In addition to our community of token holders who bought CND utility tokens during the token sale, our products are now available to more than 1,000,000 Binance’s users.
The long-awaited core project for the current stage of the roadmap is the Cindicator Bot 1.0. If we were asked to describe the product in one sentence, we would say: Cindicator combines the data from our analysts’ forecasts, processes it through several layers of ML algorithms, and delivers notifications with indicators via Telegram bot.
For now we’re offering Cindicator’s users nine types of indicators, most of them tackling both crypto- and traditional financial markets analysis. We’ve been carrying out back and forward testing of the indicators for quite some time already. The results of the most lucrative indicators we shared with our testers community will be described in this post.
Price level indicators
Price level Indicators for crypto assets (BTC, ETH, and most other liquid coins and tokens): this is an indication of whether the price will reach a certain level by a certain date or not. We’re sending up to six indicators of this type daily. Just as an example: at 14:00 UTC on Friday, December 8 we sent this indicator to our testers:
This indicator was published through our Cindicator Bot in Telegram at 14:00 UTC, when Litecoin’s price was $99.76. In less than one hour, LTC/USD surged 10% to the target price of $110 and jumped up to $176 (up more than 76%) over the next 72 hours.
Weekly support and resistance indicators
This type of indicator points out the support and resistance levels for a particular cryptocurrency or other asset. An example for our Hybrid support/resistance (S/R) levels: at 15:00 UTC on Thursday, December 7 we sent to our community of testers the following weekly S/R levels for Bitcoin:
Despite the great volatility, these support and resistance levels have worked well so far. For example, the resistance level for Bitcoin on the Bitfinex exchange was 16,911, and the real maximum was 17,171; the support level was 12,913 and the real minimum was 12,730.6.
Please note that we are currently updating weekly S/R levels for cryptoassets twice a week, on Mondays and Thursdays. Thus, the newer levels are to clarify the older ones. S/R levels for traditional assets are updated once a week.
ICO Ranking (beta v.0.9.0)
For this section we’re suggesting our forecasters rank the upcoming ICO in correspondence with their supposed tokens growth. At 14:00 UTC on Sunday, December 3 we got an ICO ranking indicator for some upcoming ICOs.
Question:
In your opinion, tokens of what company will have the maximum growth compared with ICO token price by March 2, 2018? Please rank the list of upcoming ICO by placing the highest to lowest growth from the top.
Indicator:
- Verify
- INS Ecosystem
- SingularityNET
- Trade.io
- NaPoleonX.
As you can see, Cindicator’s Hybrid Intelligence placed Verify in first place. This ICO could provide huge returns just because of its low cap ($2.5m). But our ranking gives some deeper insight for traders and investors. Obviously, the ICO placed first in the forecast is more expected to “win”; but even the ICO in last place could provide great results too, just because this “underdog” could be an undervalued token which can give traders a chance to invest in a future leader at a low price.
Market events probability
This category of indicators is for crypto-financial market events which are not included in the previous categories (politics, market capitalization, exchanges listing, etc.). On December 8 we sent the following indicator.
Question:
According to the Wall Street Journal, Nasdaq, the second largest stock exchange in the world, is planning to launch Bitcoin futures early next year. Will Nasdaq launch Bitcoin futures by April 1, 2018?
Prediction: 85.08%.
So, the event is more likely to happen. To discover more about the previous indicators tests, we refer you to the Part 6 of our Whitepaper and our 2016–2017 Medium posts.
Indicators Statistics
We’ve been testing our models on the historical datasets for more than a year so far. As you may see from the histogram below we managed to achieve solid results, having our best model’s average accuracy tests at more than 75%. However, we continue improving our ML models to increase the accuracy score as high as it’s possible. We’ll share more information about indicators back- and forward tests in the coming weeks.
Registration Process
To assess the product features you should verify your ETH address by sending yourself a transaction with the provided Cindicator Bot code at the comment section and send back to bot the transaction hash. For the current stage, you just need to hold in your account the particular amount of CND tokens to access the product. Pricing policy may change in future.
Levels of Access
We suggest three levels of access at the release of the product in December 2017: Beginner, Trader, and Expert. Every level has its own indicators, and every next level includes the indicators from the previous level. For example, at the Beginner level you will get market events probability indicators for both crypto- and traditional financial markets. In addition to those indicators, Trader level users will receive indicators for price resistance and support level. Thus, the Expert level users will have access to the whole set of indicators.
To explore the registration procedure and the plans we’re offering, visit the Cindicator Bot page.
Happy trading,
Cindicator Team.
Risk disclosure
Everything we post and release is for analytical and educational purposes only. Futures, options, equity and cryptocurrency trading involves the risk of loss. Any opinions, news, indicators, products and other information contained in our website and platform is provided as general market commentary/analysis and does not constitute investment advice or recommendation to buy or sell any type of security, futures contract, cryptocurrency or foreign exchange contract.
All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Third party information provided for Cindicator Bot from crypto exchanges are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information provided is not warranted as to completeness or accuracy and is subject to change without notice.
