Cryptocurrency Price Forecasting Using XGBoost Regressor and Technical Indicators
Hafid, Abdelatif, Ebrahim, Maad, Alfatemi, Ali, Rahouti, Mohamed, Oliveira, Diogo
–arXiv.org Artificial Intelligence
--The rapid growth of the stock market has attracted many investors due to its potential for significant profits. However, predicting stock prices accurately is difficult because financial markets are complex and constantly changing. This is especially true for the cryptocurrency market, which is known for its extreme volatility, making it challenging for traders and investors to make wise and profitable decisions. This study introduces a machine learning approach to predict cryptocur-rency prices. Specifically, we make use of important technical indicators such as Exponential Moving A verage (EMA) and Moving A verage Convergence Divergence (MACD) to train and feed the XGBoost regressor model. We demonstrate our approach through an analysis focusing on the closing prices of Bitcoin cryptocurrency. We evaluate the model's performance through various simulations, showing promising results that suggest its usefulness in aiding/guiding cryptocurrency traders and investors in dynamic market conditions. Over the past few years, the rapid expansion of the stock market has made it an appealing option for investors seeking high returns and easy access.
arXiv.org Artificial Intelligence
Jul-16-2024
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