Bitdroid a trading bot that shuns technical analysis using order book data to predict price


[Bitdroid]( like Blockchain technology itself is positioning itself as a disrupter of the status quo regarding market prediction. The current dominance of technical analysis as a tool for market prediction is a misnomer, merely a fools guide to the markets peddled by an industry who knows better.

This erroneous technical analysis is employed by the plethora of stock market, and now cryptocurrency market traders and trading bots. In both the stock market and cryptocurrency, algorithmic trading bots are based on the amorphous ballooning number of technical signals, ranging from the ever-popular MACD oscillators to Relative Strength Indicator (RSI) and stochastics.

View Reddit by simulacransimulationView Source