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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. There was a slow and steady decline in bitcoin price from the $3,638 high against the US Dollar. The BTC/USD pair was rejected near $3,640-50 zone after it recovered from the $3,253 low. Moreover, it failed near the 61.8% Fib retracement level of the last slide from the $3,851 high to $3,208 low. The price recently declined below $3,520 and $3,480 to enter a short term bearish zone. (Source: www.newsbtc.com) While Bitcoin has been around for ten years, and its price has gone up more than ten thousand fold, many still express their frustration at the lack of real-world utility for the currency. Among those who were frustrated by the subpar adoption is Amatsu Soyonobu, an ex-Apple software manager and quantitative financier. In 2017, Mr. Soyoobu left his Silicon Valley job to build a service that he believes provides one of the first tangible use cases for Bitcoin outside of its store of value. With the help of his co-worker Tagawa Hayashida, Mr. Soyonobu founded WCX, a trading platform to let regular people access the global financial markets using just Bitcoin – no fiat required. “Think of us as a stock brokerage, except instead of depositing fiat, you deposit Bitcoin,” Mr. Soyonobu says. Users of WCX can go long or short on more than 100 markets, benefiting from rising and falling prices, with all profits and losses paid out in Bitcoin. Markets offered include foreign currencies like the Euro/USD, stocks like Tesla, precious metals like Gold, and some of the most popular crypto markets like BTC/USD and ETH/USD – all tradable using just BTC as collateral. WCX launched to the public in October of this year and has since attracted over 125,000 traders from 189 countries, with notional trading volume in excess of $1 billion. “There’s obviously something here. People love how easy and fast it is to trade using Bitcoin rather than non-programmable money like the dollar,” Mr. Soyonobu says. Mr. Soyonobu also claims using Bitcoin instead of regular bank payment processors results in cost savings across the board. (Read more: www.coinspeaker.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: 3558.08 Low: 3437.96 Close: 3558.08 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 recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Bitcoin ABC has recently increased its advantage and is currently 6 blocks ahead. BAB price, however, has slumped to below-$100 levels due to the overall market trends. As for now, the SV chain has minor advantage in terms of hash power (54%), however the ABC chain is still controlling 72% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 34.5% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability is somewhat stable now being on par with the Bitcoin chain (a 34.5% advantage compared to the rival SV chain). Bitcoin ABC miner concentration has decreased today. Currently, BTC.com is the apparent leader, having mined 25.69% of recent blocks, followed by ViaBTC with 25%. 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), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool somewhat recovering its mining capacity with 11.11%. The Osiris team is reasonably certain that there is substantial growing potential for BAB, guided primarily by fundamental analysis. 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. There was a decent support base formed near the $3,350 level in bitcoin price against the US Dollar. The BTC/USD pair started an upward move and traded above the $3,400 and $3,500 resistance levels. The price even climbed above the 50% Fib retracement level of the last decline from the $3,850 high to $3,207 low. Finally, there was a close above the $3,480 level and the 100 hourly simple moving average. (Source: www.newsbtc.com) South Korean blockchain startup Presto announced on Friday that it has filed a constitutional complaint alleging that the government’s ban on all forms of initial coin offerings (ICOs) in September last year is unconstitutional, local media reported. The company has requested an appeal of the ban, according to Sedaily. Presto CEO Kang Kyung-won explained that although his company had considered alternative means such as setting up an overseas corporation to issue tokens, the Korea Economic Daily quoted him as saying, “We trusted that the government will foster new industry through follow-up measures.” However, it has been more than a year since the ban and the government has yet to introduce any forms of ICO guidelines or regulations. Kang was further quoted by Sedaily as saying: "As a blockchain startup company, we face a great deal of difficulties due to the ICO ban and the lack of legislation from the government and the parliament for more than a year. I am requesting confirmation of the unconstitutionality of the lack of legislation." (Source: news.bitcoin.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: 3661.58 Low: 3527.58 Close: 3622.44 It has been three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV . The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Bitcoin ABC is continuously struggling to maintaining slim advantage and is currently 6 blocks ahead. BAB price has somewhat recovered from previous lows and now has reached $106. As for now, the SV chain has minor advantage in terms of hash power (56%), however the ABC chain is still controlling 73% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 30% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability is somewhat stable now being 12% higher than that of the Bitcoin chain (a 42% advantage compared to the rival SV chain). Bitcoin ABC miner concentration remains unchanged, slightly above historical levels. As for today, ViaBTC is the apparent leader, having mined 33.33% of recent blocks, followed by BTC .com with slightly below 30%. 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), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool somewhat lagging behind today with below 10%. The Osiris team is therefore reasonably certain that there is substantial growing potential for BAB, guided primarily by fundamental analysis. 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. After capturing a new annual low, Bitcoin was consolidating before reaching to lower areas and marking the $3200 zone as the new yearly low. This was followed by a new record of the open short positions on Bitfinex. As anticipated, not long afterward, a short squeeze had occurred sending Bitcoin for 10% gains, reaching a high of $3530. The short-term’s wedge pattern is still active. During the recent hours, Bitcoin is consolidating underneath the upper trend-line of the wedge. The RSI is forming a bearish triangle pattern. As of now, the RSI level is at 50, touching the descending trend-line from below. Breakout of the triangle is likely to produce a move towards the breakout’s direction. Critical support and resistance levels are $3500, $3600 and $3850 from the bull side and $3300, $3200, $3000, $2900 and $2700 from the bear side (Source: cryptopotato.com). As reported recently, Bitwise Asset Management has broadened its fund family with the two new strategies which join the Bitwise 10 Private Index Fund. The Bitcoin and Ethereum funds are being promoted as a low cost alternative to current existing options which charge exit fees and other expenses. Hunter Horsley, chief executive officer of Bitwise Asset Management, believes the 68 percent drawdown in bitcoin prices this year has given investors a unique opportunity to enter the market at very low prices. The Bitcoin and Ethereum funds aim to capture the total returns available to bitcoin and ethereum investors, respectively, including hard forks and air drops. Bitwise holds the capital in cold storage with an institutional third-party custodian. The asset management firm offers an institutional offering, with an all-in expense ratio of 1.0% and a minimum investment of $1 million, and a retail offering, with an all-in expense ratio of 1.5% and a minimum investment of $25,000 (Source: www.newsbtc.com). The Swiss wing of Russia’s Gazprombank will start offering crypto assets services by mid-2019, according to a press release published by its bank-tech partner Avaloq. The financial technology firm announced that it would build a fully integrated solution for the management of client portfolios across all asset classes, including cryptocurrencies. Gazprombank will integrate the said solution into its services to cater for clients that are looking to incorporate crypto assets like Bitcoin into their investment services. The whole deal will become another sign of how crypto adoption in Switzerland is moving in the right direction. Avaloq will not work alone on creating the crypto assets solution. The press release confirmed that the Swiss fintech giant would integrate Silo, a crypto-wallet management and storage product developed by Metaco, in within its Avaloq Banking Suite. Once up, the duo would enable Gazprombank to purchase, transfer and sell crypto assets on behalf of customers. They would also provide a blended view of the portfolio, without any necessity for a crypto-wallet or private keys (Source: www.ccn.com). Chinese miners are reportedly becoming the biggest short sellers both locally and internationally, following an increased number of hedging operations in the current bear market. The severe cryptocurrency market decline in the last month has reportedly caused new generation miners to start hedging their coins to avoid market risks. At the same time, frequent hedging operations make miners the biggest short sellers of Bitcoin. Most common schemes involve buying already used graphic processing unit (GPU) miners to boost the machines’ performance. Once the “shutdown price” is reached, the miners power down the equipment, remove GPU chips and sell them to game players. As reported earlier in late November, cryptocurrency mining operators in China are reportedly selling mining equipment by weight, as opposed to price per unit, as the market slump had resulted in a large drop in mining profitability. Crypto miners were reportedly especially eager to sell the older models, including Antminer S7, Antminer T9, and Avalon A741, as these have reached their “shutdown price” (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: 3593.74 Low: 3536.48 Close: 3536.48 It has been three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Bitcoin ABC is continuously struggling to maintaining slim advantage and is currently 6 blocks ahead. BAB price has somewhat recovered from previous lows and now has reached $102. As for now, the SV chain has minor advantage in terms of hash power (57%), however the ABC chain is still controlling 73% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 14% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability is somewhat stable now being 11.60% higher than that of the Bitcoin chain (a 26% advantage compared to the rival SV chain). Bitcoin ABC miner concentration remains unchanged, slightly above historical levels. As for today, ViaBTC is the apparent leader, having mined 31.25% of recent blocks, followed by BTC.com with slightly below 28%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, okminer and Multipool, the first five pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool lagging behind today with only 6.25%. The Osiris team is therefore reasonably certain that there is substantial growing potential for BAB, guided primarily by fundamental analysis. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. After forming a short term support near $3,550, there was a tiny recovery in bitcoin price against the US Dollar. The BTC/USD pair traded above the $3,750 level, but upsides were capped near the $3,845 level. Finally, there was a fresh decline and the price traded below the $3,550 and $3,420 support levels. It is now trading well below the $3,750 level and the 100 hourly simple moving average. (Source: www.newsbtc.com) The U.S. Securities and Exchange Commission (SEC) extended a rule change proposal allowing the nation’s first bitcoin exchange-traded fund (ETF), pushing the decision deadline to next year. In a notice posted online, the securities regulator said it was extending the review period for the ETF to Feb. 27, 2019. The proposal was first submitted by money manager VanEck and blockchain startup SolidX, who partnered with the Cboe exchange earlier this year. Under SEC rules, a decision on the proposal cannot be delayed any further, meaning the next notice must either approve or reject the ETF. The decision comes after months of uncertainty as a number of previous ETF proposals were rejected by the SEC, most notably in August when the regulator simultaneously rejected nine proposals submitted by ProShares, GraniteShares and Direxion. The rejections were suspended the next day when the SEC announced it would review all of the proposals. It later reopened a comment period, giving the general public until November 6 to share any new statements in support of or against allowing the ETFs to be approved. (Source: www.coindesk.com) On Friday (7 December 2018), cryptocurrency exchange Coinbase announced that it is considering adding support for up to 31 additional digital assets (XRP, NEO, ADA, XLM, EOS and 26 other cryptocurrencies). The last time that Coinbase announced that it was exploring adding support for several new assets was 15 July 2018, when it said that it was looking at Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x. (And before that, on 26 March 2018, Coinbase announced its "intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months.") In the blog post published earlier today, Coinbase says that from the five assets it mentioned on 15 July 2018, it has already added support forthree of these—BAT, ZEC, and ZRX—and that is continuing to "evaluate the others, along with a number of ERC-20 tokens." (Source: www.cryptoglobe.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: 3654.22 Low: 3250.35 Close: 3409.38 It has been three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Just recently, Bitcoin ABC has managed to recover its previous advantage and, as for now, is 22 blocks ahead. Despite this, the BAB price has further decreased price to below-100$ levels. As for now, the SV chain has minor advantage in terms of hash power (53%), however the ABC chain is still controlling 73% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 4.5% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability is somewhat stable now being 8.3% higher than that of the Bitcoin chain (a 13% advantage compared to the rival SV chain). Bitcoin ABC miner concentration remains unchanged, slightly above historical levels. As for today, ViaBTC is the apparent leader, having mined 29.86% of recent blocks, followed by BTC.com with slightly above 19%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, okminer and Multpool, the first four pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. Regarding the SV chain, BMG Pool has resumed its activities, having mined over 17% of today’s blocks, probably strengthening the sentiment surrounding BSV. The Osiris is obviously disappointed with such an underwhelming recent performance of the BAB coin, however we are reasonably certain that it can recover back up from the historical lows it is forming 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
2
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Recently, there was an increase in selling pressure on bitcoin price below the $4,000 level against the US Dollar. The BTC/USD pair failed to break the $4,000 and $4,020 resistance levels. It declined below the $3,730 swing low and settled below the 100 hourly simple moving average. The decline was such that the price traded to a new low near the $3,630 level. Later, buyers protected more declines and pushed the price back above $3,730. (Source: www.newsbtc.com) Bitcoin scam ads, luring Facebook users with promises of riches using binary trading platforms, continue to plague the social network, which is still battling against waning investor confidence after a myriad of scandals over the last two years. Despite the recent fall in the Bitcoin price, scammers are using the cryptocurrency to tempt Facebook users into get rich quick schemes that claim to guarantee huge payouts in exchange for a small "investment." (Source: www.forbes.com) Crypto holders from Denmark can now use their Bitcoins again at Hungry.dk to order online takeaway from over 1,500 restaurants. The fact that Hungry.dk accepts Bitcoin payments isn’t new since they were offering the service as far back as 2014. However, as explained to Bitcoinist by a Hungry.dk representative: "We have accepted Bitcoins as a payment method for quite some time. We decided to remove the feature temporarily last year though because the average transaction time took too long, and the experience wasn’t the best. The problems have since been solved, and we have added the option again… Hungry.dk handle the payment, so you will always be able to use Bitcoins with all the restaurants currently found on Hungry.dk" (Source: bitcoinist.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: 4018.13 Low: 3730.54 Close: 3889.75 It has been almost three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Just recently, Bitcoin SV has managed to shoot ahead and, as for now, has a minor 2-block advantage. This has further decreased BAB price to below-120$ levels. As for now, the SV chain is leading in terms of hash power (63%), however the ABC chain is still controlling 72% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 63% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability is somewhat stable now being 5% higher than that of the Bitcoin chain (a 68% advantage compared to the rival SV chain). Bitcoin ABC miner concentration has increased slightly, perhaps as a response of ABC chain supporters to the move made by the rival chain. As for today, ViaBTC is the apparent leader, having mined 31.94% of recent blocks, followed by BTC.com with slightly above 19%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, okminer and Multpool, the first four pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. The concentration of the SV chain has remained unchanged, with Coingeek, SVPool and Mempool in the apparent lead. Today it is evident that BMGPool, previously cosistently contributing around 20% of the chain's blocks, has severely scaled down its activities, supporting yesterday’s speculations. These facts arguably continue to evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the BAB coin, despite recent performance leaves much to be desired. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, we discussed that bitcoin price could face a solid resistance near $4,080 and $4,150 against the US Dollar. The BTC/USD pair recovered recently above the $3,920 resistance. There was even a break above the 50% Fib retracement level of the last slide from the $4,199 high to $3,737 low. However, the upside move was capped by the key $4,080 resistance area and the 100 hourly simple moving average. (Source: www.newsbtc.com) Billionaire investor and venture capitalist Jim Breyer stated that despite a prolonged crypto “nuclear winter,” he still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Speaking at the 2018 Fortune Global Tech Forum in Guangzhou, China, Breyer noted that while these are testing times for the crypto investment space, such periods take place in cycles and the current cycle will eventually come to an end. In a session at the event, Breyer — who has investments in Ethereum and VeChain, as well as crypto startup Circle — referred to the ongoing market situation as an inevitable part of a market process that takes place roughly once every decade. According to him, despite the turmoil associated with crypto assets, blockchain technology has achieved a critical mass of mainstream research and adoption, which makes a future crypto market rebound a near certainty at some point in the future. (Source: www.ccn.com) On Tripio, a blockchain-based hotel booking platform, Binance Coin (BNB) users are now able to book 450,000 hotels and residential accommodations using the BNB crypto token. On December 4, Tripio officially announced a strategic partnership with Binance to enable more than 10 million active users in the Binance ecosystem to utilize BNB as one of the main currencies on the Tripio platform to process bookings. (Source: 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: 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: 4022.77 Low: 3816.13 Close: 3816.13 It has been almost three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV . The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Yesterday, Bitcoin SV has managed to reduce the ABC advantage to 27 blocks. Coupled with the overall bearish market sentiment, that has decreased the BAB price to $137 levels. As for now, the ABC chain is still slightly ahead in terms of hash power (53%) and network's nodes (70%) (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 50% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability, however, has also plummeted, now being 5% lower that that of the Bitcoin chain (nevertheless, it is still a 45% advantage compared to the rival SV chain). Bitcoin ABC miner composition remains less concentrated, with leading mining pools changing day by day. As for today, ViaBTC is the apparent leader, having mined 29.17% of recent blocks, followed by BTC.com with just below 19%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool and okminer, the first four pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. As for the SV chain, more than 40% of blocks are mined by a single Coingeek pool. Interestingly, BMGPool, previously cosistently contributing around 20% of the chain's blocks, has now apparently ceased its mining on the SV chain or at least severely scaled down its activities. These facts arguably continue to evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the BAB coin, despite recent performance leaves much to be desired. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, we discussed that bitcoin price remains sell near the $4,200 level against the US Dollar. The BTC/USD pair did trade lower recently and broke the $3,950, $3,900 and $3,880 support levels. The price even traded below the $3,800 level and settled below the 100 hourly simple moving average. A new weekly low was formed at $3,734 before the price bounced back. (Source: www.newsbtc.com) On Monday, Joseph Christinat, Vice President of Communications at Nasdaq, confirmed that the second-largest exchange in the world will definitely be launching a Bitcoin futures product in the first half of 2019. We first head about Nasdaq's upcoming Bitcoin futures last week during the "Consensus: Invest 2018" conference in New York City. According to an article in UK newspaper Daily Express, a Nasdaq VP, Joseph Christinat, has said: “Bitcoin Futures will be listed and it should launch in the first half of next year – we’re just waiting for the go ahead from the CFTC but there’s been enough work put into this to make that academic. "We’ve seen plenty of speculation and rumours about what we might be doing, but no one has thought to come to us and ask if we can confirm it, so, here you go – we’re doing this, and it’s happening". Christinat also added that the worsening bearish sentiment in the crypto market is not going to deter Nasdaq from launching Bitcoin futures contracts in H1 2019: "We got into the blockchain game five years ago, and when the technology first popped up we just leant out of the window and shouted ‘hey come over here’ right at it. We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time – way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what." (Source: www.cryptoglobe.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: 4200.63 Low: 4003.68 Close: 4200.63 It has been almost three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. As for now, the Bitcoin ABC chain is slightly ahead in terms of hash power (52%) and simultaneously has secured a 30-block advantage and 70% of the network's nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 55% more profitable to mine on the original Bitcoin chain. Bitcoin ABC is still securing a modest advantage in terms of mining profitability, fluctuating from 3% to 20% depending on the hash rate and BAB price (as for now, it has a 9.7% advantage as compared to Bitcoin and 63% advantage compared to the rival SV chain). Bitcoin ABC miner composition remains less concentrated, with leading mining pools changing day by day. As for today, BTC.top and ViaBtc tie first together, both having mined 18.75% of recent blocks, followed by BTC.com with slightly above 18%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus and okminer, the first three pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. As for the SV chain, more than 85% of blocks are mined by four pools: SVPool, Coingeek, BMG Pool and Mempool. Interestingly, unnaturally large blocks typical of the SV chain immediately post-fork and evidently designed to evidence the increased block size reflecting "Satoshi's Vision" have now also become virtually non-existent. These facts arguably continue to evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the BAB coin, despite recent performance leaves much to be desired. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Recently, Bitcoin price formed a decent support near the $3,880 level and climbed higher against the US Dollar. The BTC/USD pair traded higher and broke the $4,000 and $4,120 resistance levels. However, the price failed to settle above the $4,300 resistance and declined again. A high was formed at $4,286 and the price traded below the 100 hourly simple moving average. (Source: www.newsbtc.com) Recently Coinbase has been making some stealth-like moves in the industry. After launching its OTC trading desk for institutional customers without a big announcement, the exchange has now quietly added free PayPal withdrawal facilities for its users. The option itself is available only to a handful of users based in the US, European Union, UK, and Canada. Local wallet services are available only for USD, EUR, and GBP users. However, this move indicates, that AUD or CAD may also be added to the wallets soon. Users in Australia and Canada have not been provided the facility to withdraw directly to their PayPal accounts. However, they can directly sell their digital assets to AUD or CAD, which was previously not available in these regions.(Source: blokt.com) All G20 leaders signed a joint declaration on Saturday following their summit in Buenos Aires, Argentina, pledging, among other things, to develop a regulatory framework for cryptocurrencies in accordance with Financial Action Task Force (FATF) standards. During the previous summit in July 2018, the group postponed the decision on anti-money laundering measures related to cryptocurrencies until the results of the FATF standards review were received. At their latest gathering, the G20 leaders acknowledged the necessity of deploying all available political tools to promote global growth, paying special attention to cryptocurrencies and the “digitalization" of the global economy. The declaration states that digital assets regulation is intended to support "an open and resilient financial system, grounded in agreed international standards," which is, in turn, necessary for sustainable economic growth. To achieve this, the politicians have agreed to create a crypto regulatory policy compliant with the standards of FATF, an inter-governmental body created in 1989 to set and promote standards for dealing with money laundering, terrorist financing, and other issues that pose a threat to the global financial system. (Source: cryptovest.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: 3994.66 Low: 3815.41 Close: 3847.66 It has been almost three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. As for now, the Bitcoin SV chain is slightly ahead in terms of hash power (54%) while the ABC chain has a 14-block advantage and controls 71% of the network’s nodes (Sources: https://cash.coin.dance, blockchair.com). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 90% more profitable to mine on the original Bitcoin chain. Bitcoin ABC is still securing a modest advantage in terms of mining profitability, fluctuating from 3% to 20% depending on the hash rate and BAB price (as for now, it has a 6.3% advantage as compared to Bitcoin and 97% advantage compared to the rival SV chain). Bitcoin ABC miner composition remains less concentrated, with leading mining pools changing day by day. As for today, BTC.com has mined over 36% of the ABC blocks, followed by BTC.top with almost 16% of blocks. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus and okminer, the first three pools now consistently mining at least one block every day (Sources: cash.coin.dance blockchair.com), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. As for the SV chain, more than 85% of blocks are mined by four pools: SVPool, Coingeek, BMG Pool and Mempool. These facts arguably continue to evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the BAB coin. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, there was an upside extension above the $4,300 and $4,350 levels in bitcoin price against the US Dollar. The BTC/USD pair even broke the $4,400 high and traded to a new weekly high at $4,437. Later, there was downside correction and the price declined below the $4,300 and $4,250 support levels. The price even broke the 23.6% Fib retracement level of the last leg from the $3,560 swing low to $4,437 high. (Source: www.newsbtc.com) Global tech giant Intel, known for its widely-used computer processors, has won a patent connected to its work in the area of cryptocurrency mining. On Tuesday, the U.S. Patent and Trademark Office awarded the company a patent outlining a processor which claims to be able to conduct “energy-efficient high performance bitcoin mining,” specifically naming the SHA-256 algorithm used by the world’s largest cryptocurrency by market cap. As reported, Intel has previously sought patents related to its work in the area of crypto mining. And it was Intel’s foundry that produced the chips for the mining operation run by 21 Inc, which later rebranded as Earn.com and was ultimately acquired by Coinbase. (Source: www.coindesk.com) Last month, the investment firm revealed its new Digital Asset Services arm alongside plans to offer Bitcoin and Ether trading services for institutional investors, also giving them a much-anticipated custody solution for these cryptocurrencies. Tom Jessop, head of Fidelity Digital Assets, shared at the Block FS conference in New York on Thursday the company’s willingness to extend these services to other major cryptocurrencies. “I think there is demand for the next four or five in rank of market cap order. So we will be looking at that,” he said in response to a question posed by Coindesk. One of the potential issues he perceives is the question of which tokens will fall into the US Security and Exchange Commission’s definition of securities, as this will significantly impact the regulation surrounding their use. ”We are waiting for that space to develop,” he noted. (Source: bitcoinnews.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: 4152.78 Low: 3948.29 Close: 4060.76 It has been two weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV . The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. As for now, the Bitcoin ABC chain is slightly ahead in terms of hash power (60%) and has a solid 32-block advantage (Sources: https://cash.coin.dance, blockchair.com). The previous Osiris Team's predictions regarding volatile mining profitability typical of Bitcoin SV are been fulfilling ( Bitcoin ABC , despite volatile prices, manages to constantly maintain its mining profitability 5-15% higher than that of the Bitcoin chain), associated with the technical solutions implemented by the ABC chain and with the more organic and diverse mining pool. Despite BTC .top has secured the lead as the largest miner on the ABC .chain (more than 30% recent blocks were mined by this pool), Bitcoin ABC remains less concentrated, having attracted occasional mining from okminer, Waterhole, DPool and prohashing over the last couple of days, with the previous leader, Bitcoin .com, now generating less than 4% of blocks (Source: cash.coin.dance). These facts arguably continue to evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the coin. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, we saw a decent rise in bitcoin price above the $3,800 and $4,000 resistances against the US Dollar. The BTC/USD pair tested the $4,080 and later corrected lower. Finally, there was a fresh upward move and the price broke the $4,080 resistance. The price climbed further higher and traded above the $4,200 and $4,260 levels. A new intraday high was formed at $4,400 and the price settled above the 100 hourly simple moving average. (Source: www.newsbtc.com) While the markets may be angry, cryptocurrencies still hold a strong allure for businesses looking to be a part of the financial revolution. This can be seen by how many companies are starting to accept virtual currencies, specifically Bitcoin, as a medium of exchange for their goods and services. The latest to join that list is Birks Group, a luxury jewelry brand based in Canada. According to Business Wire, the brand will be working with BitPay to ensure that their crypto customers can easily put a ring on it this Christmas. (Source: www.livebitcoinnews.com) In a landmark ruling, Southern District of California Judge Gonzalo Curiel declared that a classification by the US Securities and Exchange Commission (SEC) on an ICO as security is not justified. Blockvest’s ICO was declared as a security by the SEC earlier and the judge was of the opinion that it had failed to show enough justification. The court had used a case from some 70 years ago as an example, that had defined three tests that would determine if the tokens used fell under the category of securities. In this instance, the judge was not convinced the tokens did. SEC had claimed that the token platform attracted investors through showing it would be profitable to fund their tokens, going as far as to claim that the platform had created its Blockchain Exchange Commission for that very specific purpose. (Source: bitcoinnews.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: 4528.83 Low: 4348.22 Close: 4409.97 It has been two weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. As for now, the two competing chains are on parity (50%/50%) in terms of network hashing power (Source: cash.coin.dance). From the first glance, this is a major forward move by Bitcoin SV which has cut its yesterday’s lead of Bitcoin ABC from more than 50 blocks to 20 via attracting extra power to its network (Source: blockchair.com). However, such a move has significantly decreased the mining profitability of Bitcoin SV, and now it is more than 40% profitable to mine on the generic Bitcoin chain (Source: cash.coin.dance). The Osiris Team has previously warned of volatile mining profitability typical of Bitcoin SV, associated not only with coin price fluctuations (Bitcoin ABC, despite volatile prices, manages to constantly maintain its mining profitability 5-15% higher than that of the Bitcoin chain) but with the technical solutions implemented by the SV chain. In terms of miner pool diversification, Bitcoin ABC remains less concentrated, having also attracted occasional mining from okminer, Waterhole and DPool over the last couple of days (Source: cash.coin.dance). These facts arguably evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the coin. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Recently, there was a steady drop in bitcoin price from the $4,080 resistance against the US Dollar. The BTC/USD pair declined and traded below the $3,800 and $3,700 levels. However, buyers were able to protect losses below the $3,580 support area. A base was formed near $3,600 and later the price started a decent upward move. It climbed higher and broke the $3,700 and $3,800 resistance levels. (Source: www.newsbtc.com) The world’s second largest stock exchange Nasdaq and U.S. investment firm VanEck have announced a partnership to jointly launch a set of “transparent, regulated and surveilled” digital assets products. VanEck’s director of digital asset strategy Gabor Gurbacs tweeted the news Nov. 27. Gurbacs revealed the partnership at the Consensus:Invest crypto conference in New York City. The announcement echoes yesterday’s report from Bloomberg, citing “two people familiar with the matter,” that Nasdaq would be rolling out a Bitcoin futures contract as early as Q1 ‘19. Gurbacs indicated in his tweet that the new products would harness Nasdaq’s SMARTS Market Surveillance system, alongside VanEck’s MVIS digital asset pricing indices. (Source: cointelegraph.com) Coinbase launches its over-the-counter trading desk for its institutional Prime customers today, with plans to integrate delayed settlement and Coinbase Custody. This move will reduce the costs of acquiring cryptocurrency for institutions and help reduce overall market volatility. In an interview with Cheddar, Christine Sandler, head of sales at Coinbase, described the move as “opportunistic,” and a response to client demand. (Source: cryptoslate.com) Securities Exchange Commission Chair Jay Clayton is reluctant to add digital currency ETFs, including Bitcoin ETFs, over fears of market manipulation, centralization, and custody security. Speaking at Consensus Invest in New York, Clayton said he will not support ETFs for a financial product until there are measures in place to ensure that it is free of manipulation. As stated by Clayton: “What investors expect is that trading in a commodity that underlies an ETF makes sense and is free from the risk of manipulation. . . It’s an issue that needs to be addressed before I would be comfortable .” (Source: cryptoslate.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: 4337.77 Low: 4104.02 Close: 4190.46 During the recent days, the “hash wars” surrounding the Bitcoin Cash hard fork have intensified. As predicted by the Osiris Team, the pool Bitcoin .com representing over 40% of the Bitcoin ABC hash rate post-fork has slowed its mining. Miners supporting the SV chain have capitalised on this opportunity and, for a brief period of time, have gained the lead in terms of blocks mined and the network hash rate, SV chain being 32 blocks ahead and controlling 71% of the hash rate for a brief period (Source: cash.coin.dance). However, this advantage was short-lived, as the ABC chain has quickly caught up almost immediately. As for now, the ABC chain is leading once again, with an outstanding 55 block-advantage and over 67% of hash rate (Sources: cash.coin.dance blockchair.com). Just as the Osiris Team has asserted previously, the SV chain remains much more concentrated in terms of hashing power distribution, with its native SV pool mining over 60% of the recent blocks in the chain. The ABC chain shows a much more balanced picture, with no pool having more than 30% of the mined blocks. In terms of mining profitability, the SV chain is extremely volatile, currently being 28% more profitable to mine on than Bitcoin (before Bitcoin SV price hike, it used to be twice as profitable to mine on the Bitcoin chain). Bitcoin ABC , in turn, manages to secure a robust advantage in terms of mining profitability compared to Bitcoin , fluctuating from 5% to 15% depending on the current BAB price. This remains a major factor in explaining the diverse mix of mining pools currently working on the ABC chain (Source: cash.coin.dance). The Osiris Team, despite acknowledging the unfortunate downward trend of the recent days, reminds that BAB has overall performed comparatively well to the market in general, and, due to fundamental factors outlined above, remains bullish on the coin. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, we saw a short term upside move above $3,600 and $3,800 in bitcoin price against the US Dollar. The BTC/USD pair traded above the $4,000 barrier as well, but it failed to hold gains. The price was rejected near the $4,100 barrier and the 100 hourly simple moving average. It seems like buyers struggled to gain strength above $4,000, resulting in a bearish reaction. (Source: www.newsbtc.com) The most notably pro-bitcoin SEC commissioner, Hester Peirce, appeared on the ‘What Bitcoin Did’ podcast at the weekend. Whilst unwilling to describe a future Bitcoin ETF as inevitable, she did confirm it was definitely possible. Peirce first won the hearts of the crypto-community with her ‘statement of dissent’, following yet another denied Winklevoss ETF application. In the statement made in July, she publicly disagreed with the Commission’s view, that Bitcoin was not “ripe enough, respectable enough, or regulated enough to be worthy of our markets.” (Source: bitcoinist.com) A Node.js module called event-stream is used in millions of web applications, including BitPay’s open-source bitcoin wallet — Copay — and this module was reportedly compromised thanks to what can objectively referred to as social engineering, laziness, and incompetence. A user with very little coding activity on GitHub requested publishing rights to the event-stream library from its previous maintainer, Dominic Tarr, who said that he had not maintained the repository in years and gave control to the new user, called right9ctrl. The library event-stream is used in many Node.js applications. According to a complainant on GitHub, the new maintainer right9ctrl either pulled a sneaky move to inject malware or unknowingly had the same effect as if he had, that effect being that it would leak private keys from applications that relied on both the event-stream and copay-dash modules. (Source: www.ccn.com) According to an internal document published on Nov. 23, Ethereum developers are quietly discussing an upgrade that has the potential to boost the capabilities of the tech more aggressively in the short-term. The document published on Github details four meetings that took place at the end of October at the Devcon4 conference. The minutes refer to the upgrade “ethereum 1x,” that could be possibly updated in June 2019. (Source: usethebitcoin.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: 3834.70 Low: 3673.95 Close: 3696.28 During the recent days, the “hash wars” surrounding the Bitcoin Cash hard fork have intensified. As predicted by the Osiris Team, the pool Bitcoin.com representing over 40% of the Bitcoin ABC hash rate post-fork has slowed its mining. Miners supporting the SV chain have capitalised on this opportunity and, for a brief period of time, have gained the lead in terms of blocks mined and the network hash rate, SV chain being 32 blocks ahead and controlling 71% of the hash rate for a brief period (Source: cash.coin.dance). However, this advantage was short-lived, as the ABC chain has quickly caught up almost immediately. As for now, the ABC chain is leading once again, with an outstanding 55 block-advantage and over 67% of hash rate (Sources: cash.coin.dance blockchair.com). Just as the Osiris Team has asserted previously, the SV chain remains much more concentrated in terms of hashing power distribution, with its native SV pool mining over 60% of the recent blocks in the chain. The ABC chain shows a much more balanced picture, with no pool having more than 30% of the mined blocks. In terms of mining profitability, the SV chain is extremely volatile, currently being 28% more profitable to mine on than Bitcoin (before Bitcoin SV price hike, it used to be twice as profitable to mine on the Bitcoin chain). Bitcoin ABC, in turn, manages to secure a robust advantage in terms of mining profitability compared to Bitcoin, fluctuating from 5% to 15% depending on the current BAB price. This remains a major factor in explaining the diverse mix of mining pools currently working on the ABC chain (Source: cash.coin.dance). The Osiris Team, despite acknowledging the unfortunate downward trend of the recent days, reminds that BAB has overall performed comparatively well to the market in general, and, due to fundamental factors outlined above, remains bullish on the coin. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. During the past three days, we saw a nasty decline below $4,000 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $3,800 and $3,600 support levels to post a new multi month low. The price even spiked below the $3,500 level and settled well below the 100 hourly simple moving average. A low was formed at $3,449 and later the price started an upside correction. (Source: www.newsbtc.com) Since creating, Bitcoin has been catching profound interest of governments that have either taken a critical look at the digital coin and blockchain in general or supported it enthusiastically. Among the latter are the authirities of Ohio State, where Bitcoin is offered as a means to of paying state taxes starting from today. According to the Ohio Treasurer’s website, twenty three kinds of business taxes will be available for payment in crypto, including utility tax, sales tax, and employee withholdings. Businesses wanting to take part in the program simply need to go to OhioCrypto.com and register to pay all their corporate taxes in crypto. Companies operating in and paying taxes in Ohio are eligible — they don’t necessarily need to be headquartered in the state. (Source: www.coinspeaker.com) Between 600,000 and 800,000 bitcoin miners have shut down since mid-November amid declines in price and hashrate across the network, according to the third-largest mining pool. In an interview with CoinDesk, Mao Shixing, founder of F2pool, said his firm’s estimate takes into account the total network hashrate drop and the average hash power of older mining machines that are having a hard time generating profits. According to data from blockchain.info, the bitcoin network’s entire hashrate, which captures the aggregated computing power on the world’s first blockchain, has dropped from around 47 million tera hashes per second (TH/s) on Nov. 10 to 41 million on Nov. 24 – an almost 13 percent decline. (Source: www.coindesk.com) Malaysian Finance Minister Lim Guan Eng has stated that any entity wishing to issue cryptocurrency must defer to the country’s central bank, Bank Negara Malaysia (BNM). The minister’s comments were reported by local English-language daily broadsheet the New Straits Times (NST) Nov. 26. The finance minister outlined his stance in response to a question from parliamentary member Dr Tan Yee Kew of the country’s ruling People's Justice Party (PKR). Dr. Tan reportedly inquired into which measures were being taken to assess the risks cryptocurrencies may pose for the financial system and local fiat currency. (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: 4112.97 Low: 3937.12 Close: 4012.29 Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC (BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. The development of Lightning Network has not ceased despite the limited coverage it has received in recent days; however, the community of users and developers not only remains active but quite optimistic about this project that each day is closer to becoming a reality. In addition to growing in terms of technological evolution, Lightning Network has shown in recent days an accelerated growth in terms of adoption by users and end consumers. According to data from the website 1ML, the network capacity has experienced an increase of almost 300% in the last 30 days, handling near 2 million dollars in transactions. (Read more: ethereumworldnews.com) The latest data from Google Trends confirms the uptick in curiosity about Bitcoin after BTC/USD dropped. The proportion of searches for ‘Bitcoin’ is higher now than during any weekly period since April 8, at which time its price began a major surge from $7000 to closer to $10,000. (Read more: bitcoinist.com) The IOTA Foundation has revealed for the first time that it plans to gradually phase out the IOTA network Coordinator, which some see as a centralization risk. In a series of posts on its official blog on this week, the foundation outlined a sequence of steps it plans to take before “Coordicide”, which it sees as a major landmark on the road to complete decentralisation. The IOTA network coordinator was created with a primary remit of preventing double spends. Known as “Coo”, the coordinator, which is controlled by the IOTA Foundation issues periodic transactions known as milestones. If any transaction on the IOTA network is not directly or indirectly references by a milestone, it is not confirmed. While this gives the foundation a certain amount of control over the network, it should be noted that it does not allow for transaction history to be changed or user funds to be accessed. (Read 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: 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: 4504.59 Low: 4429.83 Close: 4430.14 Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC (BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, there was a tiny upside correction above the $4,500 level in bitcoin price against the US Dollar. The BTC/USD pair failed to break the $4,600 resistance and remained well below the $4,700 pivot area. Later, the price started a downside move and traded below the $4,500 and $4,400 support levels. It is currently trading well below the $4,500 level and the 100 hourly simple moving average. (Source: www.newsbtc.com) Regulators in Switzerland approved a cryptocurrency ETP, Amun Crypto Basket Index (HODL) which began trading today. The crypto ETP is offered by Amun AG, a fintech company based in Switzerland. It began trading under the ticker symbol HODL on the SIX Swiss Exchange, which is one of the largest exchanges in Europe. The Amun Crypto Basket index has nearly half of its assets invested in Bitcoin, and the remaining half is comprised of XRP, Ethereum, and Litecoin. This marks the world’s first approved crypto ETF-like security trading on a major exchange. In the past, there have been numerous attempts to bring crypto ETFs to the public but all of them have been rejected by regulators. (Source: dailyhodl.com) According to IG, Keplerk is on a mission to bring Bitcoin to the masses. The company has collaborated with a French cash register software provider that will bring the virtual currency to tobacconists all over the area. The software will allow these shop owners to sell their customers a voucher that can be redeemed for actual cryptocurrency on Keplerk’s platform, which offers its users a digital wallet. The company will reportedly charge a 7% commission fee for each transaction made. (Source: www.livebitcoinnews.com) Silvergate Bank, based out of La Jolla, CA, is preparing to go public with a price target of $50 million, according to the documents filed and submitted to the securities regulators. It would be listed in the New York Stock Exchange (NYSE) under the ticker “SI”. The bank is a part of the holding company, Silvergate Capital. According to the company prospectus, they seek the required funds to further organic growth of the company and for corporate purposes. These include paying off long-term debt and acquisitions in the future. However, there are no plans of current acquisitions, clarified people familiar with the matter. (Source: btcmanager.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: 4637.44 Low: 4361.60 Close: 4410.83 Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC (BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis. 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, The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, we saw a minor upside correction from the $4,038 swing low in bitcoin price against the US Dollar. The BTC/USD pair climbed higher and broke the $4,220 and $4,350 resistance levels. The price also succeeded in clearing the 50% Fib retracement level of the last drop from the $4,765 swing high to $4,038 low. It opened the doors for more gains and the price moved above the $4,500 resistance. (Source: www.newsbtc.com) KPMG, the Netherlands-based Big Four auditor, released a report on November 15 that reveals their incredibly bullish case for cryptocurrencies. The report, titled “Institutionalization of Cryptoassets,” is 42 pages long and goes in depth on the key challenges facing cryptocurrencies, and why digital assets are a force to be reckoned with. It also has a strong focus on the institutionalization of crypto assets, explaining how and why institutions will enter the highly lucrative cryptocurrency asset class. Right off the bat, the KPMG report opens with a bullish segment titled “Crypto assets are a big deal.” The section goes on to explain the parabolic rise cryptocurrencies had in 2017 and how they dwarfed traditional asset markets. (Source: www.investinblockchain.com) Bitcoin miners around the world have been wrestling with a huge cryptocurrency sell-off that has wiped 30% from Bitcoin's value in seven days, and now Norway's Bitcoin miners are facing a further blow after the country's government moved to end electricity subsidies for Bitcoin and crypto miners. From January, 2019 Bitcoin miners in Norway will have to pay normal electricity tax in the country, after their discount was removed in the state budget agreement, local media has today reported. (Source: 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: 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: 4670.88 Low: 4481.19 Close: 4670.88 Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC ( BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis . 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 at Osiris Finance are pleased to remind you that we resume or regular posting schedule after the Bitcoin Cash hard fork. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Yesterday, it was discussed that Bitcoin price could tumble towards the $4,000 support area against the US Dollar. The BTC/USD pair did decline further and traded below the $4,500 and $4,400 support levels. The price fell close to the $4,000 level and a new multi month low was formed at $4,038. Later, the price corrected above $4,200, but it is still well below the 100 hourly simple moving average. (Source: www.newsbtc.com) In a press release yesterday, Binance Labs revealed that it had made a $3 million investment into Koi Trading, an OTC trading operation headquartered in San Francisco, CA. They aim to be a compliant global option for private cryptocurrency liquidity. Koi also offers assistance with data science, quantitative research, and compliance consulting work. Commenting on the firm’s decision to invest in Koi, Head of Binance Labs Ella Zhang, said: “Koi Trading’s mission is to bridge fiat and cryptocurrencies in a compliant manner. This aligns with our broader vision at Binance to build the infrastructure which provides the freedom of value exchange globally.” Koi has an experienced team of founders, including CEO and founder Hao Chen, who added, “Our team of experienced traders and sales personnel will join forces to tap into vast networks of counterparties in North America, Asia and the EU, bridging the gap that divides the current OTC landscape.” (Source: www.ccn.com) The governor of the Bank of Thailand has stated that crypto won’t be used in the country for another three to five years. Veerathai Santiprabhob made his comments yesterday, according to a report from the Thai News Agency. He admitted that while cryptocurrency was a success in some countries, it was not as easy as it sounded to implement. This was due to the technology and people’s willingness to embrace it. Santiprabhob added that he didn’t believe that it will be used within the next three to five years. His comments come at a time when other nations are considering their own state-backed crypto assets. (Source: www.livebitcoinnews.com) Six days have passed since Bitcoin Cash split into two competing chains; however, the market is still bewildered by the outcomes of this controversial hard fork with potentially far-reaching consequences for the whole cryptocurrency industry. As the hash rate war is coming to an end with Bitcoin ABC as an obvious winner, another conflict is about to erupt. Major cryptocurrency exchanges have started to unlock BCH accounts and relaunch trading services for new coins. So far, so good, but some trading platforms use new tickers for both coins, while the others assign BCH ticker to Bitcoin ABC, claiming that it is a true successor of Bitcoin Cash. It makes harder to estimate the market situation and the trading volumes for the coins. CoinMarketCap portal added Bitcoin SV (BCHSV) as a new coin and merged ceased to exist Bitcoin Cash (BCH) with Bitcoin ABC. It means that the price and the trading volumes reflected under Bitcoin Cash name on CoinMarketCap now refer to Bitcoin ABC. (Source: www.fxstreet.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: 4565.93 Low: 4536.10 Close: 4565.93 Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC (BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis. 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 at Osiris Finance value your feedback and would like to thank you for all your interaction with our posts. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. The BTC/USD trading pair opened the Asian trading session at 6288-fiat and attempted an upside correction to as high as 6309-fiat. The selling pressure around the 6309-level resumed the downtrend. As a result, the pair kept forming red candles for the rest of the Asian and European trading session. A weaker dollar on an intraday basis can reinject the BTC/USD market with some upside sentiments. The pair is already forming a falling wedge pattern. The consecutive swing highs and lows coupled with decreasing volume traditionally mark preparation of a breakout action. That said, BTC/USD should attempt to knock out the upper trendline of the falling wedge pattern and rally towards 6500-fiat as its primary upside target. The RSI and the Stoch are also signaling an upside movement in BTC/USD price action. Both the indicators are inside their respective selling regions and are eyeing a pullback. (Source: www.ccn.com) According to the recent news, the civil war within the Cardano community appears to have been resolved peacefully. Michael Parsons, chairman of the Cardano Foundation, has stepped down from his leading role at the head of the Foundation Council, following demands from other community leaders for his resignation. In a terse announcement, the Swizerland-based Cardano Foundation announced the immediate replacement of its leading figure. Parson’s leadership of the Foundation has drawn accusations of poor leadership from other leading figures, including Charles Hoskinson and Emurgo CEO Ken Kodama. In a lengthy ultimatum published several weeks ago, Hoskinson and Kodama raised serious questions about the misuse of Foundation funds. In a lengthy bulleted list, the open letter enumerated “great frustration” at the inactivity and perceived failings of the Cardano Foundation and its officers, as well as “fruitless attempts” to persuade change from the council and its chairman. (Source: cryptobriefing.com) Global provider of secure financial messaging services, SWIFT, has ousted the Central Bank of Iran (CBI) from its financial banking system. The US-led sanctions will make it difficult for Iran to settle its international deals. In response, the authorities in Iran have accelerated the development of their state-backed national digital currency. According to a local media source, Informatics Services Corporation (ISC), a private tech wing of the CBI, confirmed that they had developed the said crypto-rial. The company’s CEO Seyyed Abotaleb Najafi claimed that their digital currency would eliminate the role of international financial settlement groups like SWIFT. It will be used in a distributed or one-to-one framework for transferring value without intermediaries. Najafi believed that the reason to launch a crypto-rial goes way beyond the aim of circumventing US sanctions. The official said that their pilot program is aimed at testing the potential of blockchain and crypto technology in running a financial system on both interbank and retail level. The state now plans to deploy the crypto-rial on Iranian commercial banks in coming days which would enable them to use the tokens as a payment instrument in transactions and banking settlement. (Source: www.newsbtc.com) A little-known cryptocurrency called AurumCoin (AU) has claimed that it was hit by 51 percent attack, and crypto exchange Cryptopia, where the cryptocurrency is listed, lost 15,752.26 AU (approx. $550,000 at the time of writing this article). However, the cryptocurrency has shifted the blame on Cryptopia. On AurumCoin’s website, it has claimed that it is not responsible to anyone since it is an open-source distributed currency. Cryptopia, on the other hand, has not yet acknowledged any loss. AurumCoin (AU) is purportedly a gold-backed cryptocurrency, where each token is pegged to the value of pure 24K gold. AurumCoin claims to back each AU with 0.75 grams of gold stored in secure vaults worldwide. It has been running its own blockchain since 2014, where AU is mineable (despite its supposed gold peg) with a hard cap of 300,000 coins. (Source: 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: 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: 6474.67 Low: 6446.31 Close: 6464.76 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.
BITFINEX:BTCUSD
by Osiris_Finance
1
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We at Osiris Finance value your feedback and would like to thank you for all your interaction with our posts. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. Recently, Bitcoin price has been struggling to break the $6,460-6,480 resistance zone. BTC/USD pair is facing two major bearish trend lines with resistance near $6,460. BTC/USD could resume its decline if it fails to move above the $6,460 and $6,480 resistances. Buyers pushed the price above the 23.6% Fib retracement level of the last downside leg from the $6,614 high to $6,354 low. However, the upside move was protected by the $6,460-6,480 area, which was a support earlier and now it is acting as a hurdle for buyers. Furthermore, the price got rejected around the 100 simple moving average plus the 50% Fib retracement level of the last downside leg from the $6,614 high to $6,354 low. (Source: coingape.com) The International Monetary Fund (IMF), a global financial organization run by 189 countries, is against the proposal of the Marshall Islands to launch a sovereign digital currency by adopting crypto. As early as September 10, the IMF criticized the finalized plans of the Marshall Islands of creating a national cryptocurrency, citing potential money laundering, financial integrity, and macroeconomic risks. The Marshall Islands initially disclosed its plans to eliminate its dependence on the US dollar and switch to a national cryptocurrency. At the time, David Paul, minister-in-assistance to the president of the Marshall Islands, said that as a nation, the Marshall Islands have the right and authority to launch a national currency regardless of the form of the currency. IMF has publicly expressed concerns regarding the national cryptocurrency of the Marshall Islands as it fears that the currency will be manipulated by criminals, crime syndicates, and businesses running fraudulent operations. If the government pursues its proposal to launch a national cryptocurrency, the IMF suggests that many countries could cut financial aid that is currently being offered to the Marshall Islands and which the country currently heavily relies on. The threat to cut financial aid is arguably working. Earlier this week, Dr. Hilda Cathy Heine, President of the Marshall Islands, faced political attacks due to the proposal of the government to pursue the development of a national cryptocurrency. Political pressure could force the Heine administration to lay off the plans to launch a digital asset, at least temporarily. Eight senators in the Marshall Islands have already submitted a motion of no confidence, fiercely opposing the initiative set forth by President Heine. (Source: www.ccn.com) According to a press release issued by the U.S. Commodity Futures Trading Commission, a cryptocurrency trader has been jailed and fined over $1 million for running a fraudulent bitcoin and litecoin scheme. Arizona resident Joseph Kim admitted to defrauding investors of hundreds of thousands of dollars after misappropriating more than $600,000 of his previous employer's funds. Between September and November 2017, Kim transferred bitcoin and litecoin from his employer, a Chicago-based trading firm, to his own personal accounts, causing the firm losses of $601,000. When the firm questioned Kim about missing tokens, he falsely stated that security issues with the crypto exchange required transfers into other accounts. Upon discovering Kim's theft in November of that year, the firm immediately fired him. Kim then started soliciting funds from individual customers, apparently to continue trading in crypto with the hope of making profits to repay his ex-employer. As a result, he fraudulently obtained approximately $545,000 from at least five customers between December and March 2018. Kim reportedly lied to customers that he had voluntarily left his employer to start his own trading company. He also falsely claimed he would invest funds in a low-risk arbitrage strategy, when in fact, he made high-risk trades with the cryptocurrency and lost all $545,000 of his customers' funds. In addition to a fine of $1,146,000, the CFTC has also permanently banned Kim from trading, including in cryptocurrencies, and sentenced him to 15 months in jail. (Source: www.coindesk.com) Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territory. The cluster would be located within the special economic zones (SEZ) in Crimea and its largest city Sevastopol. Georgy Muradov, the Permanent Representative of the Republic of Crimea under the President of the Russian Federation, shared the Crimean government’s potential plans about the blockchain-cluster and crypto fund at a meeting of the program committee of the Yalta International Economic Forum (YIEF) in Moscow, Nov. 9. Muradov underlined that in 2018, the world turnover of cryptocurrency has been approaching $1 trillion, and that “these funds are venture capitalists and they are looking for their shelter. (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: 6476.89 Low: 6421.54 Close: 6452.06 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.
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We at Osiris Finance value your feedback and would like to thank you for all your interaction with our posts. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. Bitcoin has recently broke out of a falling wedge pattern, but bulls lack vigour and strength to capitalise on this breakout. End result - BTC is going back towards the breakout trendline and perhaps below it. BTC/USD is trading in less than half a percent range for the day due to lack of volumes and volatility in a crypto that should be high on volumes after breaking out of falling wedge. Key support for the bulls to rely on, now is the very trendline support, placed at $6,233, break of which will be termed as a failed breakout while also risking in prices going below psychologically important $6,000 mark. (Source: www.fxstreet.com) The German Federal Financial Supervisory Authority (BaFin) has ordered partial cessation of activities by U.K.-based crypto-related firm Finatex Ltd., according to an official announcement published on BaFin’s website on Friday, Nov. 9. According to the BaFin’s notice, reportedly dated Oct. 2, Finatex Ltd. is ordered to “immediately” stop offering cross-border proprietary trading on its trading platform, Crypto-Capitals. According to BaFin’s announcement friday, the firm must cease trading since its activity is not approved by German financial legislation, including the German Banking Act. In a short description of the company’s activities, the financial regulator noted that Crypto-Capitals offers “options, contracts for difference (CFDs) on shares, indices, currencies and commodities.” In turn, the company positions itself as a “premium cryptocurrency trading platform operator.” The firm also evidently does not possess an account on any of the social networks listed on its website. (Source: cointelegraph.com) Brendan Eich, creator of the Brave browser and the Basic Attention Token (BAT), has dropped hints that a major content publishing website is in talks to adopt BAT usage and payments. The Brave browser is designed both to block the vast majority of “abusive and dangerous” advertisements and trackers, while simultaneously providing a platform for direct advertising and payments to users, as well as direct funding of content creators from users and advertisers via BAT. The mention came as Eich was discussing the potential of BAT to provide two revenue streams to online publishing platforms; both from ad revenue, and from “a lightweight, low-friction, user-pays model” - micropayments for individual pieces of content (payments “by the yard”) instead of paying for general access, so as to avoid “cross subsidization” (overpaying for too much content that will never be viewed). Such micropayments constitute a “found-money effect,” a revenue source that was not previously possible or viable with fiat money. (Source: www.cryptoglobe.com) Uzbekistan has announced plans to implement arbitration mechanisms to resolve disputes in the cryptocurrency space. A new presidential decree mandates the establishment of a body of arbitrators that will deal with cases involving entities from various jurisdictions. Tashkent International Arbitration Center (TIAC) will operate under the Chamber of Commerce and Industry of Uzbekistan. According to the document signed by President Shavkat Mirziyoyev, the platform will be used to settle disagreements over investments, intellectual property and crypto-related technologies. TIAC will abide by international arbitration standards as it will review disputes between not only local companies but also entities registered in other countries. It will apply domestic as well as foreign law, if the sides agree on that. Both Uzbekistani citizens and qualified experts from abroad can be appointed as arbitrators. (Source: news.bitcoin.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: 6449.70 Low: 6428.08 Close: 6441.33 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.
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We at Osiris Finance value your feedback and would like to thank you for all your interaction with our posts. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. Today, Bitcoin has failed to attract buyers at higher levels. It turned down from $6,600 levels and easily broke below both the moving averages. This is a sign of weakness. The next stop is a fall to $6,250–$6,200. A break below $6,200 will threaten the critical support zone at $6,075.04–$5,900, which has not been breached in 2018. Any break of this support can result in a sharp liquidation of long positions, dragging the BTC/USD pair to $5,450 and $5,000 within a short span of time. Therefore, traders may keep the stops at $5,900. If the bulls support $6,200 levels, BTC/USD can extend its stay in the range for a few more days. (Source: cointelegraph.com) According to Korean blockchain news provider Blockchain ROK, newcomer exchange Pure Bit has effectively exit scammed with at least 13,000 in investor Ethereum in hand. The Pure Bit ICO was similar to other crypto exchanges that have been funded through the ICO model: token holders would be rewarded with some of the crypto exchange’s profits, and exchange fees paid with the token would be heavily discounted. Over 13,000 ETH (nearly $3 million) was collected in the ICO, which has now disappeared. It appears the funds were not locked in a smart contract, as is the design of several legitimate ICOs. (Source: www.ccn.com) Jihan Wu, the billionaire co-founder of Bitmain, a cryptocurrency conglomerate valued at $15 billion, has said that the Bitcoin Cash community is working together to kick Craig Steven Wright out of the community. The statement of Wu comes after Craig Wright threatened Roger Ver and Bitcoin Cash miners, controversially claiming that he is Satoshi Nakamoto, the creator of Bitcoin. The group led by Craig Wright has created a Bitcoin Cash implementation called Bitcoin SV and plans to activate the competing proposal on November 15 as the Bitcoin Cash protocol forks. Major cryptocurrency exchanges including Coinbase, which publicly expressed support for the roadmap set forth by ABC and bitcoincash.org, told investors that the hard fork will cause instability on the network and will stop operating Bitcoin Cash wallets for a short period of time. (Source: www.ccn.com) Cryptocurrency backed lending provider Cred has added Ripple as a collateral option, enabling XRP holders to get loans for their holdings without having to sell them or incur tax consequences, an official press release reports. As a lending platform that specializes in decentralized assets, Cred’s goal is to make it possible for anyone to access affordable credit products using cryptocurrencies as collateral. The blockchain startup, which was founded in 2018 by former PayPal executives, offers crypto-backed loans in several countries at single-digit rates through its Crypto Line of Credit (C-LOC). The C-LOC enables crypto holders to deposit their cryptocurrencies (Bitcoin, Ethereum, and Ripple) as collateral to access the loans. Once the loans are paid, the cryptocurrencies are sent back. Speaking on the addition of XRP as a collateral option, Cred co-founder Dan Schatt noted that the company was thrilled to “offer XRP holders the same low rates and convenient liquidity services as ETH and BTC holders,” adding that Cred will also continue to support its partners “who are integrating the Cred platform for the benefit of their users.” Mike Arrington, a crypto investor and founder of Arrington XRP Capital, who is himself a Cred user, applauded the blockchain startup for recognizing XRP as an asset class. (Source: 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: 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: 6430.51 Low: 6395.54 Close: 6406.73 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.
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning. Dear colleagues and followers, We at Osiris Finance value your feedback and would like to thank you for all your interaction with our posts. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. BTC is in a bullish trend on the medium-term outlook. The Bulls return to the BTC market was noticed on October 31, when a strong bullish engulfing candle, formed at the $6,208 price level below the support level of $6,286 closed above the 21-day EMA which act as a dynamic support and resistance. The market has been making “Higher Lows” (HL) and “Higher Highs” (HH) as one of the characteristics of an uptrend market. It was bullish yesterday at the opening of the market, confirmed by the formation of a strong bullish candle at the support level of $6,439 before it started consolidation below the resistance level of $6,509. Today, the market is bearish; it is to retest the broken level so as to continue its uptrend unless the uptrend line is broken downside. In case the bears were able to push the BTC price to break the support level of $6,439 and the trend line downside then, BTC will find its low at $6,356 support area, but should the support level of $6,439 hold and the price bounce; BTC price will find its high at the resistance level of $6,509. BTC price is above the 21-day EMA and 50-day EMA indicating uptrend movement. However, the Stochastic Oscillator period 14 is above 40 levels which indicates a sell signal. (Source: zycrypto.com) Recently, Poloniex has announced it will be the first cryptocurrency exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid an ongoing debate over the technology's roadmap. Starting Wednesday night, Poloniex, operated by Goldman Sachs-backed startup Circle, revealed it will begin offering customers the option to buy bitcoin cash ABC (BCHABC) and bitcoin cash SV (BCHSV) trading tokens. This is the first time Poloniex has offered trading pairs for a crypto asset prior to a possible fork, a move it says is part of a wider strategy to increase the company's customer experience. In the message, the exchange stressed its intention to remain neutral during the split in order to allow the community to decide which blockchain it will support, demonstrated through advanced trading activity. It also stated that it would be evaluating each hard fork individually to decide whether to support the fork or continue pre-fork trading. Pre-fork trading has been made available for USDC/BCHSV and USDC/BCHABC as well as bitcoin trading pairs. Customers will also be able to convert their BCH into an equivalent amount of BCHABC and BCHSV and vice versa if they wish to withdraw funds, but they will not be able to withdraw BCHABC and BCHSV ahead of the fork. The exchange plans to continue supporting trading for both bitcoin cash ABC and SV after the planned fork on Nov. 15. (Source: www.coindesk.com) Cryptocurrency traders in France are expected to start enjoying a lesser tax burden from early next year. The country’s legislators plan to pass an amendment bill that will induce a lower tax rate. Reuters reported that lawmakers in the lower house of parliament in Paris had adopted an amendment to the next budget bill that will cut capital gains tax on cryptocurrency sales to 30% from 36%. The same rate applies to many other financial commodities in the country. Even so, it is still too early to start celebrating because members of parliament in both the lower and the upper house need to approve it. The MPs will discuss the proposed amendments in the next few days. If passed, the proposed rate will come into effect on the 1st of January 2019. This is the latest in a series of policy decisions taken by the Emmanuel Macron administration to create a legal, regulatory framework for blockchain startups. (Source: coindoo.com) The U.S. Securities and Exchange Commission has taken its first enforcement action against a cryptocurrency exchange, resolving allegations against the founder of a digital trading platform accused of failing to register his company with the agency. Zachary Coburn’s EtherDelta marketplace executed more than 3.6 million orders for certain tokens without registering as a an exchange, the SEC said in a statement Thursday. Without admitting or denying the findings, he agreed to pay a $75,000 fine as well as $313,000 in disgorgement and interest. Coburn’s cooperation helped him win a lower fine, the SEC said. (Source: www.bloomberg.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: 6509.98 Low: 6484.59 Close: 6496.52 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.
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning. Dear colleagues and followers, We at Osiris Finance value your feedback and would like to thank you for all your interaction with our posts. We are delighted to see you sharing your trading ideas and forecasts in the comments and we hope to continue meaningfully contributing to the trading community. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. The BTC/USD pair has negated the losses made during yesterday’s trading session. The pair found a strong intraday support level at 6372-fiat, just ahead of testing the lower trendline of the parallel channel introduced in the previous analysis. It reversed from the said level to retest its interim resistance at 6421-fiat. The bull flag formation is also signaling further upside action. The hourly signals are turning more bullish as BTC/USD continues to trend above its 100- and 200-period simple moving averages. At the same time, the RSI is also reversing to the north from its current neutral area, hinting a possibility of a strong push towards the overbought region. The Stochastic Oscillator movements are also biased towards the north, moving right towards the area defined by strong buying sentiment. The upside bias nevertheless remains capped by a medium-term descending trendline. A break above it could bring BTC/USD inside a bull trap. But, an extended momentum that takes the pair above 6810-fiat could confirm a medium-term upside sentiment in the market. (Source: www.ccn.com) According to the recent news, BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close “indefinitely” at the end of this month, a statement from the firm confirmed Nov. 6. BTCC Pool, which began mining activities in 2014, is shutting down due to unknown “business adjustments,” the company wrote, without giving details about the circumstances that led to the decision. Concluding its outlook for the market, BTCC nonetheless expressed a sense of optimism, hinting that the decision to close down was not strictly permanent. (Source: cointelegraph.com) Bitcoin Cash is facing a potential hash war between backers of the ABC and SV implementations, possibly resulting in disruption or even a chain split. The contention lies between two competing implementations of Bitcoin Cash: Bitcoin ABC, which intends to implement a variety of improvements to the network, and Bitcoin SV, which focuses on a more streamlined approach and a significantly increased block size. SV is mainly backed by nChain and CoinGeek, while ABC counts support from Bitcoin.com, Coinbase, Binance, and variety of others. The community remains split, and according to Coin Dance’s tally of company support, the ABC roadmap appears to be ahead. In terms of mining hashpower, however, outcome is less certain, with CoinGeek and SVPool comprising nearly 30% of the last 24 hours’ blocks. (Source: www.dashforcenews.com) A Swiss company, Alprockz AG, has developed the cryptocurrency ROCKZ, and says it is the first coin paired to one of the most stable fiat currencies in the world — the Swiss Franc. According to the company, it has already partnered with Geneva Swiss Bank - GSbanque. The team calls the product “the most reliable and predictable crypto cash”, and claims they created the “world’s most bulletproof cryptocurrency.” The new coin can be used for money transfers, storing assets and for online payment methods like PayPal. This new Ethereum blockchain-based cryptocurrency ROCKZ (RKZ), will be backed by the Swiss national currency, the Franc, at the rate of 1:1. The company has also developed a platform to exchange and store ROCKZ, and this platform supports the delivery of the coin and its fiat equivalent to the tokens’ holders. The platform is scheduled to be released in November 2018 after completion of internal testing. In order to guarantee the worth of the new token with fiat money, the company says it will reserve 90 percent of its own funds in CHF, in a high-security Swiss bank storage. The other 10 percent will help secure the new token’s liquidity and will be stored in different banks in Switzerland. The company emphasizes that they are creating “a new form of money.” “Users holding RKZ own the underlying asset, not us, not the banks,” says Alprockz AG. (Source: cointelegraph.com) We would like to inform you about our recent trading history. The Osiris team bought BTC for 6,450.0 at 9:07 on November, 5 and sold for 6,500.0 at 9:58 on November, 6. This trade has generated us 0.78% 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: BTC/USD High: 6544.53 Low: 6477.04 Close: 6511.49 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.
BITFINEX:BTCUSD
by Osiris_Finance