ETH 3-hour forecast. Machine learning.
Dear colleagues and followers,
We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts. We keep 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.
This morning, it was reported that recently, there was a sharp decline in ETH price from the $288 swing high against the US Dollar. The ETH/USD pair declined below $250, 100 hourly simple moving average and $225. It traded as low as $209 and later, it started an upside correction and traded above the $215 level. There was a push above the 23.6% Fib retracement level of the last decline from the $283 swing high to $209 low. (Source: newsbtc.com/2018/09/07/ethereum-price-analysis-eth-usd-could-correct-towards-240/)
The recent downward trend may not be associated only with the Silk Road move of thousands of BTC to several crypto exchanges, but also with the Goldman Sachs stance on cryptocurrencies trading. As reported by CNBC, Goldman Sachs Chief Financial Officer Martin Chavez came out and cleared the FUD around report that the bank was ditching plans to launch a cryptocurrency trading desk, calling it a “fake news.” In fact, he clarified saying that the wall street investment bank was working on a type of derivative for bitcoin because “clients want it.” (Source: coingape.com/goldman-sachs-confirms-bitcoin-derivatives-calling-fake-news/)
The other promising news for the whole crypro community is that recently, it has become known that the world-famous cryptocurrency exchange Coinbase is considering an opportunity to join forces with the biggest asset manager in the world, BlackRock, with a view to develop a Bitcoin exchange-traded fund (ETF). Experts believe that a single publicly-traded ETF may become a real life-saver for the slumping cryptocurrency market. (Source: coinspeaker.com/2018/09/07/coinbase-blackrock-bitcoin-etf/)
We also inform you about our recent trading history.
The Osiris team has bought ETH for 258.54 on September, 5 at 12:15 and made a tough decision to fix the loss on September 6, 15:15, by selling ETH for 227.90. Then, on September, 6 at 18:15 our systems decided to buy more ETH for 224.14 and sell at 23:35 for 229.99. Finally, the Osiris team bought ETH on September, 7 at 0:15 for 227.43 and sold at 1:51 for 231.34, meaning that today the Osiris team generated 4.37% 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.
Pair: ETH/USD
High: 234.66
Low: 221.63
Close: 221.63
According to our machine learning models, the system has recommended to buy-and-hold 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 value your feedback and would like thank you for all your interaction with our posts. We keep 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.
This morning, it was reported that recently, there was a sharp decline in ETH price from the $288 swing high against the US Dollar. The ETH/USD pair declined below $250, 100 hourly simple moving average and $225. It traded as low as $209 and later, it started an upside correction and traded above the $215 level. There was a push above the 23.6% Fib retracement level of the last decline from the $283 swing high to $209 low. (Source: newsbtc.com/2018/09/07/ethereum-price-analysis-eth-usd-could-correct-towards-240/)
The recent downward trend may not be associated only with the Silk Road move of thousands of BTC to several crypto exchanges, but also with the Goldman Sachs stance on cryptocurrencies trading. As reported by CNBC, Goldman Sachs Chief Financial Officer Martin Chavez came out and cleared the FUD around report that the bank was ditching plans to launch a cryptocurrency trading desk, calling it a “fake news.” In fact, he clarified saying that the wall street investment bank was working on a type of derivative for bitcoin because “clients want it.” (Source: coingape.com/goldman-sachs-confirms-bitcoin-derivatives-calling-fake-news/)
The other promising news for the whole crypro community is that recently, it has become known that the world-famous cryptocurrency exchange Coinbase is considering an opportunity to join forces with the biggest asset manager in the world, BlackRock, with a view to develop a Bitcoin exchange-traded fund (ETF). Experts believe that a single publicly-traded ETF may become a real life-saver for the slumping cryptocurrency market. (Source: coinspeaker.com/2018/09/07/coinbase-blackrock-bitcoin-etf/)
We also inform you about our recent trading history.
The Osiris team has bought ETH for 258.54 on September, 5 at 12:15 and made a tough decision to fix the loss on September 6, 15:15, by selling ETH for 227.90. Then, on September, 6 at 18:15 our systems decided to buy more ETH for 224.14 and sell at 23:35 for 229.99. Finally, the Osiris team bought ETH on September, 7 at 0:15 for 227.43 and sold at 1:51 for 231.34, meaning that today the Osiris team generated 4.37% 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.
Pair: ETH/USD
High: 234.66
Low: 221.63
Close: 221.63
According to our machine learning models, the system has recommended to buy-and-hold 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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