Dear colleagues and followers,
We at Osiris Finance are pleased to announce that we always work hard on improving our models. More precisely, yesterday we made several improvements with our trading strategies and revised the set of indicators in our models to keep providing you with more accurate up-to-date forecasts to use in trading and research.
According to the recent news, after trading as low as $259.17, ETH price found support against the US Dollar. The ETH/USD pair started moving higher with most range moves above the $270 level. It cleared the 38.2% Fib retracement level of the last drop from the $301 swing high to $260 swing low. However, the upside move faced a lot of resistance near $280, $281, and 100 hourly simple moving average. (Source: newsbtc.com/2018/08/24/ethereum-price-analysis-eth-usd-slowly-rising-towards-290-295/)
We would also like to inform you that the Bitcoin and crypto-backed ETF saga has continued, with the SEC recently revealing that it would be reconsidering nine proposals that were denied on August 23rd. As reported by Ethereum World News, nine ETF applications from ProShares, Direxion, and GraniteShares were rejected yesterday in a triple-blow to the stomachs of crypto investors, with the SEC citing concerns of manipulation and a lack of significant size markets to back up BTC’s spot price. (Source: ethereumworldnews.com/breaking-sec-is-reviewing-the-nine-bitcoin-backed-etf-denials/)
We remind you that the recent rejection of nine proposals for Bitcoin exchange-traded funds made by the US Securities and Exchange Commission. Many investors and members of the crypto community hope that at least one approval on ETS by the SEC would attract a huge amount of institutional buyers to the crypto market, rising the cryptocurrency prices and finally stimulating Bitcoin to adapt an upward trend. Bitcoin price has increased by 2% and now is approximately $6,521, right after the announcement about the proposals reconsideration.
This upward trend can also be explained by the information that Coinbase continues to expand its new platform for online crypto payments in its quest to push mainstream adoption of cryptocurrency. The company’s new initiative Coinbase Commerce has now created payment modules for WooCommerce, Shopify, PrestaShop, Magento and OpenCart. In total, that means about 2,696,000 online shops can easily integrate Bitcoin, Ethereum, Litecoin and Bitcoin Cash as payment options. (Source: dailyhodl.com/2018/08/23/2696000-webstores-can-now-accept-bitcoin-btc-ethereum-eth-litecoin-ltc-and-bitcoin-cash-bch-through-coinbase/)
As the market was lacking sufficient volatility, the models have not identified any promising trading opportunities; no further trades were made, leaving the Osiris team with 0.89% return at 6:18 and 0.49% loss at 18:19 on 21 August.
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: ETH/USD
High: 272.47
Low: 269.54
Close: 271.28
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 are pleased to announce that we always work hard on improving our models. More precisely, yesterday we made several improvements with our trading strategies and revised the set of indicators in our models to keep providing you with more accurate up-to-date forecasts to use in trading and research.
According to the recent news, after trading as low as $259.17, ETH price found support against the US Dollar. The ETH/USD pair started moving higher with most range moves above the $270 level. It cleared the 38.2% Fib retracement level of the last drop from the $301 swing high to $260 swing low. However, the upside move faced a lot of resistance near $280, $281, and 100 hourly simple moving average. (Source: newsbtc.com/2018/08/24/ethereum-price-analysis-eth-usd-slowly-rising-towards-290-295/)
We would also like to inform you that the Bitcoin and crypto-backed ETF saga has continued, with the SEC recently revealing that it would be reconsidering nine proposals that were denied on August 23rd. As reported by Ethereum World News, nine ETF applications from ProShares, Direxion, and GraniteShares were rejected yesterday in a triple-blow to the stomachs of crypto investors, with the SEC citing concerns of manipulation and a lack of significant size markets to back up BTC’s spot price. (Source: ethereumworldnews.com/breaking-sec-is-reviewing-the-nine-bitcoin-backed-etf-denials/)
We remind you that the recent rejection of nine proposals for Bitcoin exchange-traded funds made by the US Securities and Exchange Commission. Many investors and members of the crypto community hope that at least one approval on ETS by the SEC would attract a huge amount of institutional buyers to the crypto market, rising the cryptocurrency prices and finally stimulating Bitcoin to adapt an upward trend. Bitcoin price has increased by 2% and now is approximately $6,521, right after the announcement about the proposals reconsideration.
This upward trend can also be explained by the information that Coinbase continues to expand its new platform for online crypto payments in its quest to push mainstream adoption of cryptocurrency. The company’s new initiative Coinbase Commerce has now created payment modules for WooCommerce, Shopify, PrestaShop, Magento and OpenCart. In total, that means about 2,696,000 online shops can easily integrate Bitcoin, Ethereum, Litecoin and Bitcoin Cash as payment options. (Source: dailyhodl.com/2018/08/23/2696000-webstores-can-now-accept-bitcoin-btc-ethereum-eth-litecoin-ltc-and-bitcoin-cash-bch-through-coinbase/)
As the market was lacking sufficient volatility, the models have not identified any promising trading opportunities; no further trades were made, leaving the Osiris team with 0.89% return at 6:18 and 0.49% loss at 18:19 on 21 August.
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: ETH/USD
High: 272.47
Low: 269.54
Close: 271.28
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.
Trade closed: target reached
Just as planned.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.