Artificial intelligence-based fitness is promising but may not be for everyone – Livemint

Sarmishta Neogy, a fitness enthusiast from Delhi, uses the HealthifyMe app to log and track her calorie intake. Neogy recently upgraded from the companys free service to a paid tier, which gives her access to an artificial intelligence (AI)-based assistant called Ria.

However, Neogy says she still uses the app mostly for their recipes, tips and to document food. She found the AIs tips generic and not very helpful. The Ria service is very basic, so I dont know if I will benefit from it. For instance, if you ask Ria what is missing from my diet, it will tell you what is missing but nothing more," she added.

While HealthifyMe is not a new service, the company has been pushing the new AI assistant to its users. HealthifyMe isnt the only service to do that either. Apps such as Aaptiv and FitnessAI are also using artificial intelligence for various aspects of health training and fitness.

But algorithm-based workout and fitness plans may not work for everyone, according to both experts and users. Like HealthifyMe, the idea here is to utilize data acquired from users and experts experience to build an algorithm that can be easily accessible.

Theres no one-size-fits-all," said Ishi Khosla, practising nutritionist and author of Eating At Work. Khosla is behind Theweightmonitor.com, an algorithm-based service that utilizes her first-hand experience as a nutritionist, besides users data. One cannot oversimplify and say this is the only way to go. But they certainly create awareness and a certain sense of mindfulness."

Khosla said algorithms alone arent the answer, but a combination of algorithms and human support can be useful. She pointed out that people might need customized guidance, based on their specific needs and requirements. She likened the algorithms to clothing sizes. There are predefined sizes in the market, but some still need customized clothing for themselves.

Dr. Deep Goel, senior consultant and director of bariatric and advance laparoscopy surgery, BLK Super Speciality Hospital, agreed. Apps and algorithms are like alarm systems, he said, adding that just like alarms help you wake up, these algorithms and apps are like reminding diaries".

When it comes to nutrition and fitness, generic information doesnt benefit everyone. Khoslas WeightMonitor allows users to call nutritionists when they need real-time advice on what they should eat.

Doctors like Goel believe while it is possible to tailor nutrition charts based on peoples data, its not necessarily accurate. Goel said a lot of data is required to diagnose and decide what kind of diet a person should follow. This data may not be available at the moment, since most apps have just taken the algorithmic route.

Therefore, users should use these algorithms and apps as informational tools, rather than things they are completely dependent on.

How do you check whether the recommendations are correct?" asked Dr Bharat Agarwal, consultant of internal medicine, Apollo Hospitals, Navi Mumbai.

The outreach for making algorithmic services will be much larger, Agarwal said.

Correlating all the user data, and coming up with plans and recommendations that actually benefit a user, will take longer. Agarwal said the apps can be useful for those who dont have any medical conditions, but for those who do, a professional is always recommended.

Experts expect that it will take at least a couple of years for algorithmic services to be truly dependable. There is no way to quantify how much efficiency a consumer is deriving from them at the moment and. given that most are paid services, its important to know exactly what you are paying for.

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Artificial intelligence-based fitness is promising but may not be for everyone - Livemint

Emotion Artificial Intelligence Market Business Opportunities and Forecast from 2019-2025 | Eyesight Technologies, Affectiva – The Connect Report

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BioSig Technologies Announces New Collaboration on Development of Artificial Intelligence Solutions in Healthcare – GlobeNewswire

Westport, CT, Dec. 03, 2019 (GLOBE NEWSWIRE) --

The Company partners with Reified Capital, a provider of advanced artificial intelligence-focused technical advisory services to the private sector

Collaboration to focus on machine learning and artificial intelligence solutions for healthcare

Initial solutions to be centered on BioSigs core competencies in electrophysiology

BioSig Technologies, Inc. (NASDAQ: BSGM) (BioSig or the Company), a medical technology company developing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, today announced that the Company entered into a technical collaboration with Reified Capital, a provider of advanced artificial intelligence-focused technical advisory services to the private sector. Reified was co-founded by Dr. Alexander D. Wissner-Gross and Timothy M. Sullivan, the founders of Gemedy.

The new collaboration with Cambridge, Massachusetts-based Reified will focus on developing a foundational artificial intelligence platform on the basis of integrated healthcare datasets, beginning with ECG and EEG data acquired by BioSigs first product, PURE EP(tm) System - a novel real-time signal processing platform engineered to provide electrophysiologists with high fidelity cardiac signals. Electrophysiology focused technological solutions developed under the terms of this collaboration will be integrated into the PURE EP(tm) technology platform. Reified is led by Harvard- and MIT-trained computer scientist and physicist Dr. Wissner-Gross, an award-winning computer scientist, physicist, entrepreneur and author. Technical expertise that the Reified team is planning to bring to the project includes data analysis, algorithmic modeling and development.

Integration of AI can open new avenues for improved diagnosis and more effective therapy delivery for bioelectronic medicine in particular and healthcare in general. We are thrilled to partner with Alex and his outstanding team, and look forward to working with them on developing world-class artificial intelligence and machine learning solutions, which, we believe, will benefit a worldwide physician audience, commented Kenneth L Londoner, Chairman and CEO of BioSig Technologies, Inc.

The application of modern AI and machine learning techniques to electrophysiology presents one of the most promising healthcare opportunities of our time, said Dr. Wissner-Gross. We look forward to our forthcoming collaboration with BioSig Technologies.

On November 21, 2019 the Company announced that it commenced patient enrollment in its first clinical trial for the PURE EP(tm) System.

About Reified CapitalReified Capital, LLC is a provider of advanced artificial intelligence-focused technical advisory services to the private sector. Reifieds areas of expertise include machine learning, data analysis, modeling and simulation, cybersecurity, knowledge management, cyber-physical systems, and autonomous systems.

About BioSig TechnologiesBioSig Technologies is a medical technology company developing a proprietary biomedical signal processing platform designed to improve the electrophysiology (EP) marketplace (www.biosig.com). Led by a proven management team and a veteran Board of Directors, BioSig Technologies is preparing to commercialize its PURE EP(tm) System. The technology has been developed to address an unmet need in a large and growing market.The Companys first product, PURE EP(tm) System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing electrophysiology (EP) procedures in an EP laboratory. The system is indicated for use under the supervision of licensed healthcare practitioners who are responsible for interpreting the data. This novel cardiac signal acquisition and display system is engineered to assist electrophysiologists in clinical decision-making during electrophysiology procedures in patients with abnormal heart rates and rhythms. BioSigs ultimate goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and potentially deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and received FDA 510(k) clearance for the PURE EP(tm) System in August 2018.

Forward-looking Statements This press release contains forward-looking statements. Such statements may be preceded by the words intends, may, will, plans, expects, anticipates, projects, predicts, estimates, aims, believes, hopes, potential or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Companys control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; and (v) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Companys filings with the Securities and Exchange Commission (SEC), including the Companys Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SECs website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

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BioSig Technologies Announces New Collaboration on Development of Artificial Intelligence Solutions in Healthcare - GlobeNewswire

Artificial intelligence gets to work in the automotive industry – Automotive World

Artificial intelligence is among the most fascinating ideas of our time. It has captured the imagination of visionaries, science fiction writers, engineers and wall street analysts alike. In fact, artificial intelligence is in many ways a catalyst for the data revolution something that has disrupted every aspect of modern life. As with all new technologies, some are faster to embrace them, and others are much slower. Is automotive manufacturing one of the faster ones or would it be among the last?

Artificial intelligence (AI) encompasses various technologies including machine learning (ML), deep learning (neural network), computer vision and image processing, natural language processing (NLP), speech recognition, context-aware processing, and predictive APIs. But how much does this impact manufacturing and supply chain operations? Three smarts are worthy of consideration, namely smart machines, smart quality assurance and smart logistics.

The first, smart machines is relevant because improved asset utilisation is one of the greatest opportunities for AI to translate to direct savings. As overall equipment effectiveness (OEE) has been the de-facto standard to compare machine performance, automotive companies are embracing AI and machine learning (ML) algorithms to squeeze every ounce of performance from machines. Typical use cases include bottleneck detection and predictive/prescriptive maintenance. Dynamic bottleneck detection is necessary to efficiently utilise the finite manufacturing resources and to mitigate the short and long-term production constraints. In our case, we developed a neural network-based AI prediction to determine the bottleneck for the future.

A comprehensive AI strategy is vital to the success and competitiveness of automotive manufacturers, regardless of how far-fetched the use cases may seem to executives today

In terms of predictive/prescriptive maintenance, modern manufacturing machine infrastructure is designed with 3Vs for big data: volume, variability and velocity. Harnessing the potential of big data by incorporating machine learning algorithms into the data cloud, provides constant feedback to technicians and managers to ensure zero downtimes. Together with edge computing, machines are provided constant feedback based on output parameters. This leads to smarter machines that autocorrect itself based on individual cycles.

Smart quality assurance is relevant because quality controls such as quality gate are typically performed by workers. The process is often highly subjective and depends on the skill and training level of the operator. Smart assistants based on computer vision and image processing are assisting and, in some cases, taking over the inspection process. Moreover, the AI system constantly improves itself based on feedback.

The third smart is smart logistics. AI adoption in supply chains is taking off as companies realize the potential it could bring to solve their global logistic complexities, and it has a particularly significant role to play in the automotive industry.

Predictive analytics can be used to help with demand forecasting, and AI is helping network planners gain more insights on the demand patterns, resulting in improved forecasting accuracy. The efficiency gained in an accurate forecasting model has a bullwhip effect along the supply chain.

Smart warehouses are inventory systems where the inventory process is partially or entirely automated. This includes interconnected technologies to increase productivity. Smart warehouses use IIOT (Industrial Internet of Things) and AI to connect each process, data is collected at each of the nodes and the smart warehouse continuously learns and optimizes the process.

Most automakers have not taken meaningful steps towards integrating artificial intelligence in their manufacturing operations. Even the projects that do exist are mostly in partnership with universities and companies that offer products that are not customised for automotive applications.

The automotive sector, among other industries, will significantly benefit from robotic process automation (RPA) by transforming various consumer and business applications. In addition to business support functions, RPA can contribute to a number of areas in automotive manufacturing

The first movers have taken a number of initiatives (in series production, not pilot initiatives), including investments in collecting data centrally from their manufacturing operations and supply chains; projects to centrally connect a wide array of sensors to predict maintenance, uptime and other critical information using technologies such as NB-IoT; asset tracking initiatives across the supply chain; advanced predictive technologies for supply chain risks based on supplier reported KPIs and other sourced data; and investments in start-ups for predicting equipment issues.

Automotive manufacturers are often risk averse when it comes to new, unproven technologies, and it is unlikely that AI will find first application in automotive manufacturing due to a number of factors, including return on investment, which is not clear and potentially involves a protracted period; lack of expertise in AI and limited resources to dedicate to this initiative; organisational and process challenges; and availability of non-AI based approaches with satisfactory results.

Automaker manufacturing executives are interested in technology opportunities that have strong, demonstrable pay-off potential, and this is especially true in the case of suppliers. A familiar concept for the industry that has reaped rich rewards over the years is automation and robotics. Ever since the first industrial robot, the Unimate, was installed in a GM factory in 1959, automation has been one of the driving forces for the exponential growth in production and efficiency of the automotive industry. Now with hundreds of robots busy assembling parts on the manufacturing lines, a new type of robot is making waves behind the scenes to prepare for the next automotive industry revolution.

The so called softbots, or digital workforces are programmed software that can help automate many processes that are rules-driven, repetitive and involve overlapping systems. With success in HR, IT and finance, the softbots can work 24/7 on otherwise boring, repetitive manual work that normally would take days for the human workforce to complete. This could result in a significant cost reduction along with a tremendous increase in efficiency. The automotive sector, among other industries, will significantly benefit from robotic process automation (RPA) by transforming various consumer and business applications.

AI adoption in supply chains is taking off as companies realise the potential it could bring to solve their global logistic complexities, and it has a particularly significant role to play in the automotive industry

In addition to business support functions such as HR, IT, and finance, RPA can contribute to a number of areas in automotive manufacturing, including inventory management, production monitoring and balancing, paper document digitization, supplier orders and payment processing, data storage and management, and data analytics and forecasting.

RPA could take over some or most of these processes to reduce resource costs. More importantly, it can integrate with other existing technologies such as object character recognition (OCR), text mining, and nature language processing (NLP) to make more data available from the shop floor for advanced and predictive analytics. The applications can be then developed to detect or predict quality issues much faster and recommend corrective actions based on historical data and expert knowledge.

Beyond manufacturing, RPA is also making an impact in enhancing regulatory compliances such as GDPR or CCPA by helping car companies building systems to auto-process data requests by millions of users.

RPA is the next logical step and a starting point for most automotive companies. Even though RPA is rule-based and does not involve intelligence, it would help to initiate the change in mindset that is required for future AI adoption in automotive environments. In addition, RPA offers relatively quicker ROI by providing benefits in terms of cost reduction and error reduction soon after implementation.

Data-intensive manufacturing leading to data lakes, powerful computing and the availability of efficient algorithms has made it easier to integrate AI into automakers technology roadmaps. Applying AI to current manufacturing operations on a smaller scale does not require massive capital investment. Trainable data is readily available which can facilitate intensive testing and deep learning. Cloud and elastic computing have provided the opportunity to scale computing power as required. It might be beneficial to partner up with AI and ML experts from academic institutions as well as from within automaker product development teams to sustain the digital transformation journey.

Having a comprehensive AI strategy is vital to the success and competitiveness of automotive manufacturers, regardless of how far-fetched the use cases may seem to executives today.

About the authors: Anirudh Ramakrishna is Senior Consultant Industry 4.0 at umlaut; Stephen Xu and Timothy Thoppil are Managing Principals at umlaut

This article is taken from Automotive Worlds December 2019 Special report: how will artificial intelligence help run the automotive industry?,which is available now to download

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Artificial intelligence gets to work in the automotive industry - Automotive World

15% Jump to $8,500 on the Table for Bitcoin Price; Analyst Explains Why – newsBTC

Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week after that.

Now, the crypto is trading for $7,400 a pop, seemingly trying to establish a market trend for the coming week. While some say that Bitcoins inability to move past the resistance in the high-$7,000s is decisively bearish, an analyst has said that the odds are leaning in the favor of bulls.

Popular trader Mr. Chief (or Halo Crypto) recently noted that the cryptocurrency ball is finally entering the court of the bulls.

He noted that the inverse chart of Bitcoin has shown that the cryptocurrency has broken below (meaning above) a key, some would say the penultimate,trend line that has been in place for over six weeks. The asset is also situated in a descending channel (actually an ascending channel) that implies a move to $8,500 is definitely on the table. A move to $8,500 would mark a 15% rally from current price levels.

It isnt only Halo that is starting to see bullish trends form on Bitcoins price charts.

Per previous reports from NewsBTC, Adaptive Capitals Willy Woo, a popular on-chain metrics analyst, noted on Dec. 7 that a proprietary indicator his fund uses is implying that the usage of the Bitcoin network is implying that bulls will soon gain the upper hand again:

On-chain momentum is crossing intobullish[territory] The bottom is most likely in, any [move] lower will be just a wick in the macro view.

Theres also Glassnode, a crypto-centric on-chain intelligence firm, which noted just recently that their metrics suggest that Bitcoin is bottoming andslated to revert higher in a strong fashion.

One such metric that Glassnode drew attention to was that the Market Value to Realized Value (MVRV), the ratio between market cap and realized cap, is consolidating towards one, which implies that gains are being realized by crypto asset investors. A reading of one for the ratio often marks a bottom for the cryptocurrency market.

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15% Jump to $8,500 on the Table for Bitcoin Price; Analyst Explains Why - newsBTC

Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme – CCN.com

Many bitcoin traders laugh at the idea of HODL (holding on for dear life). They think that it is not a sound trading or investing strategy. If you buy and hold on the way down, its very likely that youll use the same approach on the way up. The rigidity of this method makes it difficult for many investors to lock in gains.

Nevertheless, the strategy is so popular that it has become a meme.

HODLs acceptance appears to be bordering obsession. A new report reveals that millions of BTCs have not moved in a year.

The S&P 500 is up nearly 27% year-to-date. If the index closes the year with gains around that number, then many investors would consider 2019 as a good year.

Bitcoin holders are also having a great year. The top cryptocurrency is by over 95% year-to-date. The numbers align. According to The Block, 61% of bitcoin holders are sitting in profits.

Even with gains that are over 250% higher than the S&P 500, theres a sense that bitcoin investors are far from satisfied. Many expect mind-numbing and jaw-dropping performance from the dominant cryptocurrency.

I say this because BitInfoCharts show that 11.58 million BTCs have not moved in over a year.

In other words, 64% of the over 18.04 million bitcoin in circulation are not moving. This means that only 6.46 million BTCs are being used for speculation or payment settlement. At bitcoins current price of $7,260, only $48.99 billion worth of BTCs have been changing hands over the last year.

This has tremendous bullish implications for the number one cryptocurrency.

Haters like Peter Schiff always claim that bitcoin has no intrinsic value. They say that unlike gold which can be used for electronics, bitcoin doesnt have any utility. More importantly, it is not backed by anything that can prove its value.

Well, bitcoins value comes from its scarcity. There will only be 21 million BTCs in existence. On top of that, around 4 million BTCs are lost. The scarcity is real.

We spoke to Mati Greenspan, founder of Quantum Economics and asked whether 11.58 million being HODLed has long-term bull bullish implications. He told CCN,

Yes

The analyst then referred us to one of his recent tweets.

Trader Max echoes Mati Greenspans sentiments. The trader told CCN,

There are too many variables at play but scarcity is a good price driver.

The good news for HODLers is that bitcoin is about to get more scarce in the coming months.

If analysts believe that scarcity drives the price of bitcoin, then it would be fair to assume that the top cryptocurrencys value would soar in the coming months. In about six months, bitcoin block rewards will be reduced by half from 12.5 BTC down to 6.25 BTC. This means that there will only be around 900 BTCs issued to miners on a daily basis.

The dramatic drop in supply due to the halving would alleviate selling pressure at the very least. The reduction in selling is likely to drive prices higher. That might be more than enough to trigger a massive buying frenzy.

Therefore, HODL and halving are two of bitcoins strongest narratives.

Disclaimer: The above should not be considered trading advice from CCN. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

This article was edited by Sam Bourgi.

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Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme - CCN.com

Why Bitcoin Mining Is Being Touted as a Solution to Gas Flaring – Bloomberg

Photographer: Andrey Rudakov/Bloomberg

Photographer: Andrey Rudakov/Bloomberg

A Denver-based company that installs data centers at shale drilling sites to take advantage of excess natural gas supplies says it now has eight operations across the U.S. and plans another 30 in the first half of next year.

The centers are being touted as a way to solve the growing problem of gas flaring, where energy companies burn off excess gas. Flaring has risen to a record in Texas this year amid a lack of pipeline capacity.

Closely held Crusoe Energy Systems Inc. is harnessing some of the surplus gas at source to turn it into electricity, powering the data centers that in turn generate revenue by mining Bitcoin. The company will install 70 units next year, each with a capacity of about 1 megawatt, which would keep about 10 million cubic feet a day of gas from being flared, Chief Executive Officer Chase Lochmiller said in an interview.

Its a very creative way to solve an environmental and economic problem for the oil and gas industry, said Alex Urdea, the chief investment officer of Upper90 Capital Management LLC, which has agreed to provide Crusoe with $40 million of project financing. The business model is attracting interest from large oil and gas producers, and it could eventually involve revenue sharing, he added. Crusoe also raised $30 million by selling equity to investors including Bain Capital Ventures.

Why Oil Producers Are Lighting the Skies With Flaring: QuickTake

Earlier this year, Crusoe raised $5 million of seed capital from investors including Winklevoss Capital Management LLC. Multiple units can be deployed at a single site to build scale. As the number of active units increases, Crusoe plans to start using some of that computing capability to develop a new artificial intelligence cloud-computing service.

With assistance by Catherine Ngai

Before it's here, it's on the Bloomberg Terminal.

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Why Bitcoin Mining Is Being Touted as a Solution to Gas Flaring - Bloomberg

Bitcoin pares early losses, turns flat on the day near $7,500 – FXStreet

Bitcoin (BTC) fell to a daily low of $7,380 during the early trading hours of the Asian session on Sunday but didn't have a difficult time retracing its losses. As of writing, the BTC/USD pair was virtually unchanged on the day at $7,500. The lack of any significant developments that would attract the cryptocurrency market's attention causes major cryptocurrencies to remain stuck in their recent ranges. Even after the Istanbul network update, Ethereum continues to move sideways around $150.

The Relative Strength Index (RSI) on the daily chart stays directionless near the 50 mark, revealing the pair's indecisiveness in the short-term. Additionally,a symmetrical triangle seems to be forming on the same chart, further supporting the view that the pair will remain neutral. Meanwhile, the pair seems to be holding above the 20-day moving average (MA) for the second straight day but that by itself is not enough to suggest that buyers are looking to take control of the action.

The initial support for BTC could be seen at $7,380 (December 7 low)ahead of $7,080 (December low) and $6,500 (Nov. 25 low). Resistances, on the other hand, align at $8,000 (Fibonacci 38.2% retracement of October 25 - Novemberdrop), $8,500 (Fibonacci 50% retracement of October 25 - November 25 drop) and $8,720(100-day MA).

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Bitcoin pares early losses, turns flat on the day near $7,500 - FXStreet

Now Is One of the Top 3 Greatest Buying Opportunities for Bitcoin: Analyst – CCN.com

The top analysts on Crypto Twitter (CT) are seeing a bloody Christmas for bitcoin. Many widely-followed accounts are predicting a price drop to between $6,000 and $5,000. If theyre right, then bitcoin is headed for another 30% plunge after already retracing by nearly 50% from this years high of $13,880.

These traders have amassed huge followings because they present scenarios that are likely to play out. But they dont always get it right. Its worthwhile to find gems or exceptional analysts who have a few hundred followers. They dont get a lot of attention because some of them present contrarian ideas. One of them is Riggs; the quant analyst boldly claims that the recent bitcoin dip is a gift to bitcoin holders.

What a time, thats how Riggs ended his tweet about bitcoin that has garnered close to 900 likes. Those concluding words indicate the analysts level of confidence. According to Riggs, the number one cryptocurrency is at a price level that looks extremely attractive. The trader emphasized that there were only two other instances in bitcoins history that offered the same buying opportunity.

To drive his claim, the trader points to the beginning of the 2013 and 2017 bull markets. In both periods, bitcoin had just risen from a crippling bear market.

The surge in price was then followed by a significant pullback. The three arrows on the chart point to the instances when the price touched the green indicator. Those moments appear to mark the end of the retracement.

These times offered the best chances to enter the market before the top cryptocurrency went into the stratosphere. They seem to have offered minimum risks and maximum growth opportunities.

The quant analyst is not only relying on charts to argue his ultra bullish case. The trader also mentioned upheavals around the world that might spark demand for the dominant cryptocurrency. In a tweet, Riggs wrote,

Millions already need BTC to survive, to send money to their families, to preserve their wealth.

Trader Riggs bolsters his assertions by plotting a chart of bitcoins supply and demand over time. Based on the chart, demand for bitcoin would plummet before we enter 2020. However, it will eventually pick up and then skyrocket towards the end of 2020.

On the other hand, supply would take a nosedive next year. This is somewhat accurate because the May 2020 halving would decrease block rewards by half.

Trader Riggs presents a compelling bullish narrative but its still wise to practice risk management strategies to protect your capital. Think about setting stops in accordance to your risk appetite. You can also consider buying other assets.

Mati Greenspan, founder of Quantum Economics, echoes these sentiments. When asked if bitcoins price is a godsend to long-term holders, the trader told CCN,

No, bitcoin is a risky asset.

The analyst added,

As it seems to me at the moment it could be undervalued. But Ive been wrong before. Any investment in emerging technology comes with a great deal of risk, which is why we continuously research and always diversify.

After a 50% bitcoin retracement, Riggs tells us that its time to buy despite the warnings of many big CT accounts. Only time will tell whos right.

Disclaimer: The above should not be considered trading advice from CCN. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

This article was edited by Sam Bourgi.

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Now Is One of the Top 3 Greatest Buying Opportunities for Bitcoin: Analyst - CCN.com

Bitcoin On-Chain Momentum Is Crossing Bullish: Willy Woo – Bitcoinist

The past month has been a pretty challenging time for bitcoin HODLers, and cryptocurrency in general. There has been precious little to celebrate, save for the fact that prices could easily have gone lower still.

So isnt it about time we had some positive news? Luckily, who should pop up at just the perfect juncture, but Master of On-Chain Analysis, Willy Woo. And according to him, BTCs on-chain momentum is crossing bullish.

Woo made the claim in a tweet posted earlier today, along with a chart featuring several unlabelled wiggly lines. Unfortunately, he wasnt even able to tell us what the indicator is. Apparently it is proprietary to Adaptive Capital, Woos analytics-led hedge fund project with Murad Mahmudov and David Puell.

All Woo did say was that it tracks investor momentum, presumably by considering a combination of bitcoin on-chain transaction volume, and perhaps UTXOs (unspent transaction outputs) to chart BTC HODLing. There appear to be at least two sets of indicators, one of which looks like a set of different timescale moving averages.

After November we had to cover our faces with our hands for, and sit and watch through slits in our fingers. Perhaps thats fair enough.

You might also be heartened by Woos assertion that the bitcoin bottom is most likely in, saying that, anything lower will be just a wick in the macro view.

From here on in we are front running in preparation for the halving, he says.

When questioned on his degree of confidence in this particular bitcoin prediction, Woo pointed out that:

I only tweet when Im at high confidence, else it erodes my rep.

During the summer, Woo introduced us to the Bitcoin Difficulty Ribbon, giving a simple metric to compare several moving averages of mining difficulty on different timescales. This is also currently starting to compress, indicating that now is a good time to buy bitcoin.

Does Willy Woos comments on on-chain bitcoin volume make sense? Let us know in the comments!

Images via Shutterstock, Willy Woo

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Bitcoin On-Chain Momentum Is Crossing Bullish: Willy Woo - Bitcoinist