We at Osiris Finance are delighted to see you being interested in our posts and forecasts and would like to thank you for all your interaction and feedback. We are working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research.
According to the recent news, yesterday, there was a downside correction initiated from the $298 swing high in ETH price against the US Dollar. The ETH/USD pair declined and broke the $290 and $284 support levels. The decline was such that the price settled below the $284 support and the 100 hourly simple moving average. There was also a break below the 76.4% Fib retracement level of the last wave from the $270 swing low to $298 high. (newsbtc.com/2018/08/31/ethereum-price-analysis-eth-usd-holding-key-270-275-support/)
We are pleased to inform you that in 2017, Yahoo Finance, integrated over 100 cryptocurrency quotes pages across all websites, giving followers a unique experience of tracking their favorite digital coins. On 30 August, Yahoo Finance announced it is adding four cryptocurrency-based trading options. According to it, those using the iOS mobile app issued by the news portal have the ability to trade the following digital assets: Bitcoin BTC, Ethereum ETH, Litecoin LTC, and Dogecoin DOGE. (Source: coindoo.com/yahoo-finance-lets-you-trade-four-crypto-assets/)
We also would like to warn you that in a recent transaction data, a popular darknet site Silk Road which sells illegal substances online seems to have moved USD 1 billion worth bitcoin from its cold wallet. In its early years, Bitcoin was known as the currency of the Darknet. People used it for all sought of activities taking full advantage of its anonymity. But growing maturity of cryptocurrencies the Bitcoin started moving from the hands of criminals to speculators and investors but its usage still seems to pretty rampant in Darknet. Silk Road was launched in February 2011 as the “first modern darknet market.” The platform allowed the users to buy and sell illegal things online anonymously. The Silk Road, however, was shut down by the Federal Bureau of Investigation (FBI) in October 2013. A year after, Silk Road 2.0 was launched but was also shut down, and the alleged owner, Ross Ulbricht, was arrested and sentenced to life in prison. Since its inception and operations being around the same dates as that of Bitcoin inception and the popularity Silk Road garnered, it could be believed that the website could huge amount of Bitcoin lying in its wallet. (Source: coingape.com/silk-road-bitcoin-wallet-activates-huge-dump-anticipated/)
Due to the current downward trend on the market and the recent correction, no future trades were made since the Osiris team bought ETH for $279.45 on Friday, 21:19, and sold for $281.93 on Saturday, 0:19, generating us 0.85% 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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