Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)

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A Method of Trading Strategies for Bitcoin and Gold

Authors
Kelei Wu1, *, Yiyi Zhu1, Die Shao1, Xuan Wang1, Chenyuan Ye1
1Zhejiang Gongshang University, Hangzhou, 310038, China
*Corresponding author. Email: wukl0113@163.com
Corresponding Author
Kelei Wu
Available Online 2 December 2022.
DOI
10.2991/978-94-6463-010-7_20How to use a DOI?
Keywords
Predictive Model; Quantitative Trading Strategy; Bull and Bear Market Judgment Model; RSI; Bollinger Bands
Abstract

The price of Bitcoin has soared from $10,000 in 2021 to an all-time high of $60,000 in 2022, with a total market capitalization of more than $1 trillion, and gold has been used as the ultimate asset to protect the economy and protect against inflation. Therefore, it is predicted that gold and Bitcoin Investors can gain more income by monitoring the price trend of the currency and formulating a reasonable investment strategy. In order to obtain a better prediction effect, this paper divides the analysis of gold price prediction into two stages: before the epidemic and after the epidemic. Before the epidemic, the CEEMDAN-WD-WOA-BiLSTM model was used, and after the epidemic, the neural network was used in this paper. For Bitcoin prediction, PCA is used to select indicators with greater impact, and the ARMIA model is used to predict. After the prediction, this article combines various situations, uses the bull and bear market model, pricing index strategy and quantitative evaluation model to decide the amount of gold and Bitcoin to buy, and finally the profit obtained by this method has reached more than 30 within five years times, to provide investors with a practical and effective investment plan.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
2 December 2022
ISBN
10.2991/978-94-6463-010-7_20
ISSN
2589-4919
DOI
10.2991/978-94-6463-010-7_20How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kelei Wu
AU  - Yiyi Zhu
AU  - Die Shao
AU  - Xuan Wang
AU  - Chenyuan Ye
PY  - 2022
DA  - 2022/12/02
TI  - A Method of Trading Strategies for Bitcoin and Gold
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 186
EP  - 197
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_20
DO  - 10.2991/978-94-6463-010-7_20
ID  - Wu2022
ER  -