Predicting the Demand in Bitcoin Using Data Charts: A Convolutional Neural Networks Prediction Model

Ibrahim, A., Corrigan, L. and Kashef, R. 2020. Predicting the Demand in Bitcoin Using Data Charts: A Convolutional Neural Networks Prediction Model. IEEE Canadian Conference on Electrical and Computer Engineering (CCECE). London, Ontario, Canada 30 Aug - 02 Sep 2020 IEEE . https://doi.org/10.1109/CCECE47787.2020.9255711

TitlePredicting the Demand in Bitcoin Using Data Charts: A Convolutional Neural Networks Prediction Model
AuthorsIbrahim, A., Corrigan, L. and Kashef, R.
TypeConference paper
Abstract

Traditional time series modeling techniques emphasize on predicting cryptocurrencies using classically structured data representation as numerical features to present the time-series datasets. In this paper, a novel approach to analyze time-series data charts using a modified Convolutional Neural Networks (CNNs) is proposed. The CNNs have been adopted to recognize subtle and undetectable patterns within images of time- series data charts. Our approach has been proven to achieve significant results, suggesting a need for further research into this new method for time series modeling, especially for Bitcoin.

KeywordsPredicting cryptocurrencies+Convolutional Neural Networks+Analyze time-series data charts+ Bitcoin
Year2020
ConferenceIEEE Canadian Conference on Electrical and Computer Engineering (CCECE)
PublisherIEEE
Publication dates
Published30 Aug 2020
ISSN2576-7046
ISBN9781728154428
Digital Object Identifier (DOI)https://doi.org/10.1109/CCECE47787.2020.9255711
Web address (URL)https://ieeexplore.ieee.org/document/9255711

Related outputs

Understanding BITCOIN Market Mechanics Using Feature Engineering, Data Modeling, and Forecasting Methods
Ibrahim, Ahmed 2024. Understanding BITCOIN Market Mechanics Using Feature Engineering, Data Modeling, and Forecasting Methods. PhD thesis University of Westminster Computer Science and Engineering https://doi.org/10.34737/wvx46

Analyzing BTC’s Trend During COVID-19 Using A Sentiment Consensus Clustering (SCC)
Ibrahim, A. 2021. Analyzing BTC’s Trend During COVID-19 Using A Sentiment Consensus Clustering (SCC). 2021 IEEE 12th Annual Information Technology, Electronics and Mobile Communication Conference (IEMCON). Vancouver, Canada 27 - 30 Oct 2021 IEEE . https://doi.org/10.1109/IEMCON53756.2021.9623182

Forecasting the Early Market Movement in Bitcoin Using Twitters Sentiment Analysis An Ensemble based Prediction Model
Ibrahim, A. 2021. Forecasting the Early Market Movement in Bitcoin Using Twitters Sentiment Analysis An Ensemble based Prediction Model. 2021 IEEE International IOT, Electronics and Mechatronics Conference (IEMTRONICS). Toronto, Canada (online) 21 - 24 Apr 2021 IEEE . https://doi.org/10.1109/IEMTRONICS52119.2021.9422647

Predicting market movement direction for bitcoin: A comparison of time series modeling methods
Ibrahim, A., Kashef, R. and Corrigan, L. 2021. Predicting market movement direction for bitcoin: A comparison of time series modeling methods. Computers and Electrical Engineering. 89 106905. https://doi.org/10.1016/j.compeleceng.2020.106905

Bitcoin Network Mechanics: Forecasting the BTC Closing Price Using Vector Auto-Regression Models Based on Endogenous and Exogenous Feature Variables
Ibrahim, A., Kashef, R., Li, M., Valencia, E. and Huang, E. 2020. Bitcoin Network Mechanics: Forecasting the BTC Closing Price Using Vector Auto-Regression Models Based on Endogenous and Exogenous Feature Variables. Journal of Risk and Financial Management. 13 (9) 9. https://doi.org/10.3390/jrfm13090189

Permalink - https://westminsterresearch.westminster.ac.uk/item/w6317/predicting-the-demand-in-bitcoin-using-data-charts-a-convolutional-neural-networks-prediction-model


Share this

Usage statistics

57 total views
1 total downloads
These values cover views and downloads from WestminsterResearch and are for the period from September 2nd 2018, when this repository was created.