BTC 3-hour forecast. Machine learning.
Dear colleagues and followers,
We at Osiris Finance would like to sincerely apologise for such an unexpected and unfortunate delay of our forecast due to the Bitfinex scheduled maintenance time yesterday and would like inform you that we were working very hard on upgrading our trading algorithms to keep providing you with up-to-date forecasts to use in trading or research.
This morning, it was reported that this week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair. The price recently declined below the 23.6% Fib retracement level of the last wave from the $6,399 low to $6,597 high. However, downsides were limited by the $6,500 support area. Additionally, the 50% Fib retracement level of the last wave from the $6,399 low to $6,597 high is also acting as a support. Below the $6,500 support level, there could be a bearish wave towards the $6,400 pivot level. (Source: newsbtc.com/2018/10/05/bitcoin-price-watch-here-is-why-6600-is-significant-for-btc/)
The U.S. Securities and Exchange Commission has just filed an amendment to the proposed rule change to list and trade shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF. The amendment was filed just after 20:00 UTC, October 4, 2018. In a separate document, the SEC has outlined that the order disapproving the proposed rule change concerning the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF will remain in effect pending the Commission’s review. (Source: blokt.com/news/just-in-sec-files-amendment-relating-to-graniteshares-bitcoin-etf)
On October 5th, the core developer of Ethereum, Péter Szilágyi announced that the plan to launch the upcoming hard fork, Constantinople on the Ropsten Testnet has been delayed. Péter Szilágyi explained that the decision comes collectively from the Ethereum community. The core developer stated that the main reason behind the delay was an encountered Ethereum Virtual machine Denial of Service attack vector. Szilágyi stated that the delay will allow clients to implement, test and release an update on the CREATE2 Ethereum Improvement Protocol, to counter the DoS attack vector. (Source: ambcrypto.com/ethereum-eth-constantinople-hard-fork-deferred-dos-attack-vector-blamed/)
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
Pair: BTC/USD
High: 6593.6
Low: 6520.6
Close: 6560.8
According to our machine learning models, the system has recommended not to trade within this three-hour period.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
We at Osiris Finance would like to sincerely apologise for such an unexpected and unfortunate delay of our forecast due to the Bitfinex scheduled maintenance time yesterday and would like inform you that we were working very hard on upgrading our trading algorithms to keep providing you with up-to-date forecasts to use in trading or research.
This morning, it was reported that this week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair. The price recently declined below the 23.6% Fib retracement level of the last wave from the $6,399 low to $6,597 high. However, downsides were limited by the $6,500 support area. Additionally, the 50% Fib retracement level of the last wave from the $6,399 low to $6,597 high is also acting as a support. Below the $6,500 support level, there could be a bearish wave towards the $6,400 pivot level. (Source: newsbtc.com/2018/10/05/bitcoin-price-watch-here-is-why-6600-is-significant-for-btc/)
The U.S. Securities and Exchange Commission has just filed an amendment to the proposed rule change to list and trade shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF. The amendment was filed just after 20:00 UTC, October 4, 2018. In a separate document, the SEC has outlined that the order disapproving the proposed rule change concerning the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF will remain in effect pending the Commission’s review. (Source: blokt.com/news/just-in-sec-files-amendment-relating-to-graniteshares-bitcoin-etf)
On October 5th, the core developer of Ethereum, Péter Szilágyi announced that the plan to launch the upcoming hard fork, Constantinople on the Ropsten Testnet has been delayed. Péter Szilágyi explained that the decision comes collectively from the Ethereum community. The core developer stated that the main reason behind the delay was an encountered Ethereum Virtual machine Denial of Service attack vector. Szilágyi stated that the delay will allow clients to implement, test and release an update on the CREATE2 Ethereum Improvement Protocol, to counter the DoS attack vector. (Source: ambcrypto.com/ethereum-eth-constantinople-hard-fork-deferred-dos-attack-vector-blamed/)
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
Pair: BTC/USD
High: 6593.6
Low: 6520.6
Close: 6560.8
According to our machine learning models, the system has recommended not to trade within this three-hour period.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
Disclaimer
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