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This morning, it was reported that there was a minor upward move towards the $195 level in ETH price against the US Dollar. The ETH/USD pair even traded close to the $200 level and formed a high at $199.55. Later, there was a sharp downside move and the price broke the $190 support. More importantly, the price broke the $185 low and traded to a new low at $176.25. It seems like the price failed to move past $200 and it currently well below the 100 hourly simple moving average. (Source: newsbtc.com/2018/09/12/ethereum-price-analysis-eth-usd-could-extend-declines-below-175/)
Despite the sharp decline in some cryptos, media sources tend to be optimistic as they see a promising opportunity in Coinbase, Nasdaq and Bakkt providing the indicators that crypto and blockchain going pretty much mainstream, signaling that the much awaited institutional involvement in crypto investing and trading is on its way. We remind you that Coinbase went on the hiring spree despite the bearish tendencies and a large part of crypto community suggests that they are planning something massive. Moreover, the firm has also been rumored to be planning a Bitcoin ETF with the Wall Street financial giant of Blackrock. We have also reported that Nasdaq is planning to develop crypto analytics products to assist investors by forecasting the prices. We also inform you about Bakkt, the firm that is backed by the owners of the New York Stock Exchange, which is supposed to be pushing Bitcoin and other crypto assets, towards mainstream adoption as financial assets. (Source: ethereumworldnews.com/coinbase-nasdaq-and-bakkt-3-reasons-to-be-bullish-about-btc-and-crypto/)
EHT's Vitalik Buterin has also brought some insight and comments about his previous statements about blockchain growth. As some of his previous statements have caused some panic across the crypto community, in his recent tweets Buterin clarified that he never said that there is "no room for growth" in the crypto ecosystem. He also made a statement in which he expanded his logic further by explaining that what he actually meant was that, "because large portions of the population have already heard of crypto, further growth of crypto in any sense must come from *depth* (i.e. actual usage), and not bringing in more attention". (Source: dailyhodl.com/2018/09/11/ethereums-vitalik-buterin-clarifies-crypto-comments-and-calls-out-trons-justin-sun-who-quickly-responds/)
We at Osiris Finance are pleased to announce that we are steadily recovering after the recent dump, meaning we bought ETH for 194.88 at 15:15, September, 10 and sold for 196.23 at 21:16. Shortly after that, we bought more ETH for 195.44 at 00:14, September, 11 and sold for 196.52 at 03:15, generating us 1.25% return.
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.
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