Analyse the market with this free tool - powered by AI!
25 August 2021
At SwissBorg, we make crypto fun, fair, community centric, and educational by providing integrated tools to help you learn about analysing market trends.
If you’ve already made some forecasts in the Crypto Challenge app, you might struggle to predict which way the market is going to turn. Fortunately, there are many tools you can use to make the most accurate prediction.
One of our favourites is the free hourly asset analysis tool in the SwissBorg app. This automated analysis uses artificial intelligence (AI) to aggregate data on the crypto markets and draw conclusions that are easy to understand - even for beginners.
Available on every asset in the SwissBorg app (including Bitcoin), and updated every hour, the asset analysis can help you make the most accurate forecast at any time of the day.
Here’s what’s included in the hourly asset analysis:
Cyborg Predictor (prediction for the next 24 hours)
The Cyborg Predictor, which has beaten over 95% of players on the former Community app in predicting the price of Bitcoin, is updated hourly and deployed across all cryptocurrencies in the SwissBorg app (including Bitcoin). It predicts the market movement for the next 24 hours: Bullish (Up) or Bearish (Down).
This machine learning algorithm interprets historical market data and combines technical indicators for you in a systematic way. In other words, it combines an amount of information that is impossible for a human to take into account to give you a short-term prediction. As an extra, the Cyborg Predictor also indicates the strength of its predictions - the more confident the Cyborg Predictor is for the next 24 hours.
SwissBorg Indicator (current trend)
The SwissBorg Indicator gives you the current state of the market trend in one single indicator!
There are several types of indicators that allow you to have different views of the market, which can make it difficult to form an opinion from all the information available. To do this, we have combined the most relevant technical indicators to create a single indicator that gives you direct information on the state of the market.
This single indicator consists of the following indicators:
- The RSI (Relative Strength Index), which measures the size and speed of price movements.
- MACD (Moving Average Convergence Divergence), which is a trend-following indicator that compares a short period and a longer period’s moving average.
- Bollinger Bands, which indicate the dispersion of a price around the average.
- The trend over the last 10 days.
As with the Cyborg Predictor, this one single indicator features different levels of strength. In other words, it indicates how bullish or bearish the market is at the moment: the more strength the Cyborg Predictor has, the more bullish the market.
Community Sentiment (in the last 24 hours)
In addition to a prediction for the next 24 hours and the current market trend, you will find the sentiment of the SwissBorg community in this analysis.
This indicator is based on the volume of transactions on the SwissBorg app over the last 24 hours that reveals the balance between the buying and selling pressure. An indicator close to 0% points to a bearish sentiment, an indicator close to 100% signals a massive buy, while 50% indicates a neutral sentiment.
Live chart with technical indicators
On this chart, you will find the daily candle of the live USD price. There are additional indicators if you need more information for your decision making: the price dispersion (Bollinger Band), the 20-day moving average and the MACD lines that give you a reading of the current market momentum.
Support and resistance levels
One of the best app features is the support and resistance levels - support acts like a floor beneath the current price range, while resistance acts as a ceiling over the current price ranges. Breaking through these levels can be a significant bearish or bullish sign.
Support and resistance are critical levels to monitor and are not always obvious to identify. That is why we wanted to provide this information automatically for our community members! To save you time, we analyse volume profiles over the last few months to identify the first levels of support and resistance for free.
Automatically generated technical analysis
Based on all the market information available to us, we generate technical analysis that is updated hourly. It takes into account information from the Cyborg Predictor, all the technical indicators that we consider, as well as price and volume variations. In other words, you will find a summary of the market situation.
In this section, you will find additional statistics for each token listed on the SwissBorg app such as:
- The Rank calculated by CoinMarketCap based on the market capitalisation of the token or coin
- The Dominance or, in other words, the importance of the market capitalisation of the project in relation to the market as a whole
- The Market Capitalisation which is defined as the price times the number of tokens in circulation
- The circulating supply which is simply the number of tokens or coins that are publicly available and circulating in the market
Try it now!
To try the hourly asset analysis, download the SwissBorg app today! Then, tap on your favourite cryptocurrency in the Marketplace tab, then tap the Learn section at the bottom of the screen.
At the top of the learn screen, you will see a Live analysis section. Simply tap on ‘view analysis’ to get the latest information!