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USDCAD 3H longafter the Overall break of structure that happened to the upside on USDCAD, price finally gave us a bearish Choch, giving us the opportunity to sell to the overall demand zone where we are likely to continue the bullish move on USDCAD. but before selling, we are expecting a mitigation of the bearish Choch supply zone before we can start shorting USDCAD, which means we're expecting price moves to the upside first. we now got an opportunity to go long on USDCAD with this. price created a bullish Choch and I'm looking forward to buying USDCAD from there.
Long
by stefanfx12
ETHBTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. According to the recent news, the partnership with Ripple will allow MoneyGram to significantly decrease settlement fees and make money transfer faster. Read more: u.today 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: Pair: ETH/BTC Predicted close price: 0.029232 Standard error of forecast: 0.000225 Expected gross return: -0.01 % As expected gross return of Ethereum is inadequate, the model has recommended staying in BTC in this trading period. Thank you for staying in touch and good luck in today's trades!
by Osiris_Finance
ETHBTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. 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: Pair: ETH/BTC Predicted close price: 0.029292 Standard error of forecast: 0.000219 Expected gross return: 0.02 % As the expected gross return of Ethereum satisfies our targets, the model has recommended going long on ETH in this trading period. Thank you for staying in touch and good luck in today's trades!
by Osiris_Finance
ETHBTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. According to the recent news, Hong Kong-based cryptocurrency exchange BitMEX has just issued a security advisory telling its customers that it is witnessing an increase in unwarranted attempts to access customer accounts. BitMEX has warned customers to shore up their account security through strong passwords and two-factor authentication. More: www.ccn.com 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: Pair: ETH/BTC Predicted close price: 0.031301 Standard error of forecast: 0.000217 Expected gross return: 0.61 % As the expected gross return of Ethereum satisfies our targets, the model has recommended going long on ETH in this trading period. Thank you for staying in touch and good luck in today's trades!
by Osiris_Finance
ETHBTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. According to the recent news, top crypto exchanges such as Binance and Coinbase are looking to expand their client base as much as possible. Coinbase is now in the lead as its services are now available to Canadian residents. According to a Reddit post, Coinbase can now be accessed by Canadian residents through the use of PayPal. More: coindoo.com 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: Pair: ETH/BTC Predicted close price: 0.030801 Standard error of forecast: 0.000224 Expected gross return: 0.04 % As the expected gross return of Ethereum satisfies our targets, the model has recommended going long on ETH in this trading period. Thank you for staying in touch and good luck in today's trades!
by Osiris_Finance
ETHBTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. According to the recent news, in their final statement, G20 finance ministers and central bank heads paid special attention to cryptocurrency and digital asset regulations, along with pressing topics like global economies and trade wars. More: beincrypto.com 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: Pair: ETH/BTC Predicted close price: 0.030827 Standard error of forecast: 0.000238 Expected gross return: 0.63 % As the expected gross return of Ethereum satisfies our targets, the model has recommended going long on ETH in this trading period. Thank you for staying in touch and good luck in today's trades!
by Osiris_Finance
ETHBTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. According to the recent news, Apple, maker of the wildly successful iPhone, appears to be taking its first tentative steps into the world of bitcoin and cryptocurrency—revealing its upcoming iOS 13 software release will feature what Apple calls a "cryptographic" developer tool. Read more: www.forbes.com 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: Pair: ETH/BTC Predicted close price: 0.031489 Standard error of forecast: 0.000278 Expected gross return: -0.4% As expected gross return of Ethereum is inadequate, the model has recommended staying in BTC in this trading period. Thank you for staying in touch and good luck in today's trades!
by Osiris_Finance
1
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. The past few hours were mostly bearish for bitcoin price below the $3,840 resistance against the US Dollar. The BTC/USD pair started an upside correction after trading as low as $3,669. It moved above the $3,700 and $3,740 levels. There was even a break above the 23.6% Fib retracement level of the recent drop from the $4,250 swing high to $3,669 low. However, the upside move was capped by the $3,840 and $3,850 resistances. (Source: www.newsbtc.com) Cryptocurrencies may soon become legal in India, a country known for its not-so-friendly approach to the nascent industry that has in the past moved to ban digital assets. This, as the crypto community in the country has been pressuring the government. According to local news outlet New India Express, an interdisciplinary committee set up by the Indian government is looking into regulating and legalizing cryptocurrencies, although with tough terms and conditions. A senior official who reportedly attended related discussions was quoted as saying: "We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalized with strong riders. Deliberations are on. We will have more clarity soon." The New India Express’ report comes days after another local news outlet claimed the same interdisciplinary committee is working to ban cryptocurrencies from India. This is notably the second committee the Indian government set up to look into cryptocurrencies, and it includes officials from the Reserve Bank of India – the country’s central bank, the MeitY (Ministry of Electronics and Information Technology), among others. (Read more: www.cryptoglobe.com) A man in Taiwan has been arrested over claims he mined millions of dollars’-worth of cryptos using stolen power. According to a report from EBC Dongsen News on Wednesday, a man with the surname Yang is suspected of stealing electricity valued at over NT$100 million ($3.25 million) via his various business premises to mine Bitcoin and Ether, reaping around the same amount in mining profits. Yang reportedly tapped the power supply at 17 stores in Taiwan for his illicit crypto mining operations. He would first rent an internet cafe or a toy store, then hire electricians to redesign the wiring so that the stolen electricity would not be metered, the report alleges. Taiwan Power Company, the island’s state-owned utility provider, first discovered the operations after noticing an unstable power supply and launching an investigation. Yang was suspected and subsequently arrested by the police. (Read more: www.coindesk.com) 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: 3957.40 Low: 3831.52 Close: 3865.39 Thank you for staying in touch and good luck in your today's trades!
BITFINEX:BTCUSD
by Osiris_Finance
2
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. Yesterday, we saw a major downside correction in Bitcoin price below the $4,000 support against the US Dollar. The BTC/USD pair even declined below the $3,800 support before buyers appeared near the $3,680 level. A low was formed at $3,684 and later the price started a fresh upward move. The price moved above the $3,750 resistance to start a fresh upward move. (Source: www.newsbtc.com) Blockstream recently announced a move that makes them even more amazing. In case you aren’t familiar, Blockstream is a blockchain-based company, with a mission to create the financial infrastructure of the future. The company broadcasts the Bitcoin blockchain and supports its own systems for communication and cryptocurrency transactions. A lot of companies do that, but Blockstream does it differently. As mentioned, Blockstream uses blockchain technology to make its broadcasts. However, its broadcast doesn’t go through cables or even internet. A series of satellites makes the broadcast from space. Using satellites means that Blockstream can stay independent. It also means that their broadcast can reach places that don’t have internet. Last week, Blockstream announced through a press release that they have added a fifth satellite to their network. Their broadcast can now reach most of the world. Their previous satellite formation allowed them to share their blockchain broadcasts to most of North and South America, Europe and Africa. Company’s fifth satellite allows them to reach the Asia-Pacific region, including China, India, Japan, the Korean Peninsula, and Australia. (Read more: bitcoin.com.au) Young Tron Founder, Justin Sun could not just be described as a visionary leader but as an achiever, since recently released data shows that the Tron (TRX) network has surpassed one million created user accounts in less than 1 year of the launch of Tron Mainnet. This is in the midst of the criticisms that both the Tron and Ethereum founders are throwing at each other, with the former urging developers in the Ethereum blockchain that is almost losing out their investment due to the downtrend in Ethereum price to migrate to Tron blockchain. This data was first provided by one of the co-founders of IamDecentralized.org, Misha Lederman, on Twitter that it could now be confirmed that Tron network has surpassed the one million user accounts. This is a piece of good news to the Tron community after it has successfully launched top gaming and entertaining applications in Tron’s decentralized applications blockchain like the Tronbet, which attracted more users to the Tron train and also increased the number of transactions in the platform. (Read more: zycrypto.com) 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: 4012.44 Low: 3887.21 Close: 3970.77 Thank you for staying in touch and good luck in your today's trades!
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. After a decent 30% move this week, Bitcoin price extended above the 200-MA and the 23.6% Fib retracement level to reach $4,172 twice. The current rally appears to have reached a point of exhaustion and bitcoin is pulling back from its high at $4,172. The pattern of lower lows had been broken but the sharp upward move is still entirely indicative of a trend change as the current range is still far removed from where bitcoin was trading a month ago. The weekly chart shows that the bearish downtrend is still in full effect. Early birds might keep watch for a daily higher low and higher high to follow through on the 4hr chart. (Source: bitcoinist.com) Intercontinental Exchange, the parent company of the New York Stock Exchange, is likely to delay the launch of Bakkt, its bitcoin futures trading and custody platform, a second time, CoinDesk has learned. The company last set Jan. 24 as the launch date. However, ICE has yet to receive the necessary approvals from the U.S. Commodity Futures Trading Commission, and at the pace the agency has been moving, it is unlikely that approvals will be secured in time to hit that target. To be clear: That does not mean the CFTC won’t ultimately approve the plan. A person familiar with the agency’s inner workings said even a Jan. 30 launch was still plausible, meaning the delay could be just a matter of days. Specifically, the CFTC must grant an exemption for Bakkt’s plan to custody bitcoin on behalf of its clients in its own “warehouse,” according to sources familiar with regulatory discussions of the plan. CFTC regulations normally require that customer funds be held by a bank, trust company or futures commission merchant. The agency’s staff has finished reviewing Bakkt’s exemption request and passed it to the commission on Friday, one source said. Now the commissioners have to vote on whether to put out the proposal for public comment. After the 30-day comment period, the commissioners would likely take at least a couple days to read the comments, and then vote on the proposal itself. (Read more: www.coindesk.com) SBI Holdings’ cryptocurrency exchange of VCTRADE has announced that the platform will now be accepting deposits from its customers for the digital assets of XRP, Bitcoin and Ethereum. Deposits will be functional effective today, December 21st. The team at the exchange made the announcement via twitter and on the news section of the VCTRADE website. The announcement – translated from Japanese – went on to state the following: will begin providing virtual currency receipt service from December 21, 2018. In this way, we will receive XRP, Bitcoin and Ethereum from the virtual currency handled by the Company from Wallet etc of another virtual currency exchange trade. (Read more: ethereumworldnews.com) 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: 4115.74 Low: 4087.10 Close: 4115.74 Thank you for staying in touch and good luck in your today's trades!
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning. Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. The Bitcoin price in the late part on Tuesday was holding modest gains. The bulls further held ground, following the chunky advances in the prior session, Monday. BTC/USD price action has been moving within a narrow range block since 7th December. The lower part of this range seen around $3100, the high up at $3600. This range must be broken for further committed direction. The bulls will need to breakdown the upper part of the mentioned range, around $3600. Should they be successful in doing this, it will likely ignite a large wave of buying pressure. This could very well see the price flying back towards $4500. A failure, however, would likely result in a retest of $3100 bottom, a breach here could be catastrophic (Source: www.fxstreet.com). According to recent research by Bloomberg, stablecoin Tether really does have fiat reserves equal to the value of tokens in circulation. Citing “bank statements” it had “reviewed,” the publication became the latest source to add fuel to the controversy surrounding Tether, which has raged online since a series of legal tussles and banking reshuffles began last year. According to the statements, Tether, which issues and notionally backs up each unit of USDT with $1, had a combined fiat bank balance equal to or even higher than circulating USDT from September 2017 to July 2018, the latest month for which information was available. Designed to be pegged at 1:1 with USD, USDT has seen considerable fluctuations in recent months. The company, along with cryptocurrency exchange Bitfinex both received subpoenas from United States authorities at the end of 2017, to which a price manipulation probe was added last month (Source: cointelegraph.com). A Bitcoin community group is encouraging investors to temporarily remove all of their assets from any and all third party services – from centralized exchanges to custodial wallets. It’s the crypto equivalent of a run on the banks. Known as Hodlers of Last Resort, they have asked users to withdraw their cryptocurrencies on January 3rd, the tenth anniversary of Bitcoin’s Genesis block. The movement wants the sector to remember what cryptocurrencies are supposed to be all about by carrying out an event described as “the ultimate stress test.” If successful, it may pose as a solvency risk for some cryptocurrency exchanges (Source: cryptobriefing.com). According to a recent report, Malta, the so-called ‘Blockchain Island’ is about to have a blockchain bank. The new bank is expected to carter not only for the needs of blockchain focused individuals and companies, but that of high net-worth individuals who are previously having problems moving their money around quickly and easily. This blockchain bank initiative is a brainchild of RnF Finance Limited, a Malta-based blockchain-focused Fintech company. According to the founder and CEO of RnF, Roderick Psaila, the company has already filed for licensing in order to function as a credit institution with the Malta Financial Services Authority (Source: coindoo.com). 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: 3607.45 Low: 3480.38 Close: 3570.48 It has been a month since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The respective coin prices have relatively stabilised, and the reactions to relative hash rates is not as pronounced as it used to be historically, with BAB and BSV now responding to the overall market movements to the greater extent than they do to idiosyncratic coin-related technical news. This has led some analysts to again proclaim that “the has war is over” (Source: www.coindesk.com). Bitcoin ABC has made a major leap during the last three days, now having a solid 48-block advantage. ABC and SV coins are currently traded at $101 and $82, respectively, BAB being one of the biggest gainers of the recent bullish wave. The ABC chain has managed to break ahead in terms of hash power (61%) while still maintaining the control over 53% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV has remained quite low for a couple of weeks, now being 16.1% below the original Bitcoin chain. Bitcoin ABC mining profitability is now 3.1% lower than that of the Bitcoin chain (a 13% advantage compared to the rival SV chain), probably due to the recent spike in mining activity and increased competition. Bitcoin ABC miner concentration has slightly dropped on Saturday and has been comparable to historical averages since. Today the leader is BTC.com with 24.31% of the chain’s blocks, followed by ViaBTC with 21.53%. Bitcoin ABC is continuing to attract consistent mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool, CKPool and okminer (Sources: cash.coin.dance blockchair.com). Regarding the SV chain, the mining activities are dominated by SVPool, Coingeek, BMG Pool and Mempool, recovering to over 16% after dropping to just above 2% on Saturday. The Osiris team is delighted with the recent BAB growth and is awaiting further price movements to evaluate possible trading opportunities. Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
BITFINEX:BTCUSD
by Osiris_Finance
1
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. Yesterday, we discussed the chances of a fresh weekly low below $3,200 in bitcoin price against the US Dollar. The BTC/USD pair did trade lower and broke the $3,295 and $3,260 support levels. The price even broke the $3,200 support area to signal a major bearish wave. A new weekly low was formed at $3,150 and it seems like the price remains in a significant downtrend. (Source: www.newsbtc.com) According to the Dallas News, The U.S. Securities and Exchange Commission ordered the AriseBank founders on Wednesday to pay back investors who believed that their money was to be used to create a cryptocurrency bank, which never actually came to fruition. The crypto startup from Dallas, Texas, was planning their AriseCoin ICO to raise $1 billion, but was closed down in January by the SEC for rogue practices and allegedly lying to their investors. The SEC had halted the ICO based on promises made by AriseBank as it claimed to have purchased a FIDC bank, which was found to be untrue. Other claims by AriseBank also turned out to be untrue. The director of the Fort Worth SEC office, Shamoil T. Shipchandler, came out in January to make a statement in regards to the alleged fraudulent activities of AriseBank by saying: “Rice and Ford lied to AriseBank’s investors by pitching the company as a first-of-its-kind decentralized bank offering its own cryptocurrency for customer products and services.” (Read more: www.ccn.com) This holiday shopping season, hundreds of women are earning their first Bitcoin by buying items online with an in-browser app called Lolli. Revealed exclusively to CoinDesk, cosmetics chain Sephora has joined the list of retailers where shoppers can earn cash back, in the form of Bitcoin, through an app called Lolli. The Bitcoin rewards startup says it won over the beauty chain with data: specifically, 30 percent of the app’s thousands of users are women. “We’ve gone back to a lot of these retailers that previously were not interested but now are coming on-board,” Lolli CEO Alex Adelman told CoinDesk. “One of the biggest ones that just joined us is Sephora, which adds an entire suite of retailers in the beauty category.” Lolli’s partners, including beauty retailers like Ulta and fashion brands such as Everlane, pay it for customer referrals and give the e-commerce startup fiat, which it converts into Bitcoin rewards for shoppers. Despite the broader bear market, or perhaps because of it, this lean 6-person startup is actually gaining traction while other crypto startups face layoffs. (Read more: www.coindesk.com) 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: 3391.10 Low: 3325.24 Close: 3325.24 It has been more than three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The respective coin prices have relatively stabilised, and the reactions to relative hash rates is not as pronounced as it used to be historically, with BAB and BSV now responding to the overall market movements to the greater extent than they do to idiosyncratic coin-related technical news. Bitcoin ABC is currently in the lead with a minor 4-block advantage. ABC and SV coins are currently traded at $84 and $76, respectively. The trading patterns for both coins have been maturing slowly, which implies both lower volatility and lower growth potential. As for now, the SV chain has a slight advantage in terms of hash power (55%), however the ABC chain is still controlling 54% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV has remained quite low for a week now and has further dropped recently, now being 62.8% below the original Bitcoin chain. Bitcoin ABC mining profitability is has also somewhat dropped, now 6.6% lower than that of the Bitcoin chain (nevertheless, a 56% advantage compared to the rival SV chain). Bitcoin ABC miner concentration has slightly dropped today, still remaining above historical averages however. The leader has changed today, with BTC.com having generated over 35% of the chain’s blocks, followed by ViaBTC with 17.36%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool and okminer, the first six pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com). Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool dropping out of radar again with just above 4% today. Interestingly enough, BTC.top has been spotted mining on both chains, a historically unprecedented move for a major mining pool, however its output in the SV chain remains negligible (less than 1%). The Osiris team might reconsider its buy-and-hold profile for BAB in the nearest future, still opting however to hold the coin as for now. Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable. Recently, bitcoin price started a short term upside correction from the $3,295 low against the US Dollar. The BTC/USD pair traded above the $3,400 resistance and the 100 hourly simple moving average. Besides, there was a break above the 23.6% Fib retracement level of the last decline from the $3,635 high to $3,295 low. The price succeeded in clearing a major bearish trend line with resistance at $3,400 on the hourly chart. (Source: www.newsbtc.com) Cryptocurrency gained 17 million “verified users” this year, according to a study published by the Cambridge Centre for Alternative Finance Dec. 12. According to the study, data show that in the first three quarters of 2018 the number of ID-verified cryptocurrency users nearly doubled, climbing from 18 million to 35 million.According to a Bloomberg analysis of the study, the growth of the user base this year while crypto markets decline “could signal that an eventual recovery could be coming.” The analysis further notes that “most users are likely still speculators and long-term investors.” In terms of breaking down who is investing in crypto, the Cambridge research team also claims that the data “indicates that the majority of users — both established as well as new entrants — are individuals and not business clients.” Those individuals, the document explains, could be “hobbyist retail investors, consumers, or users seeking a better investment or payment alternative.” (Source: cointelegraph.com) 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: 3550.06 Low: 3437.05 Close: 3550.06 It has been more than three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The respective coin prices have relatively stabilised, and the reactions to relative hash rates is not as pronounced as it used to be historically, with BAB and BSV now responding to the overall market movements to the greater extent than they do to idiosyncratic coin-related technical news. Bitcoin ABC is currently in the lead again with single block advantage. ABC and SV coins are traded at $97 and $85, respectively, the latter taking a greater hit today. The trading patterns for both coins have been maturing slowly, which implies both lower volatility and lower growth potential. As for now, the SV chain has a substantial advantage in terms of hash power (64%), however the ABC chain is still controlling 55% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV has remained quite low for a week now, 27.6% below the original Bitcoin chain. Bitcoin ABC mining profitability is somewhat stable now being 3.2% higher than that of the Bitcoin chain (a 31% advantage compared to the rival SV chain). Bitcoin ABC miner concentration has slightly dropped today, still remaining above historical averages however ViaBTC has generated over 32% of the chain’s blocks, followed by Bitcoin.com with 26.39%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool and okminer, the first six pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com). Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool dropping out of radar again with less than 5% today. The Osiris team might reconsider its buy-and-hold profile for BAB in the nearest future, still opting however to hold the coin as for now. Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
BITFINEX:BTCUSD
by Osiris_Finance