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BTC 3-hour forecast. Machine learning. Dear colleagues and followers, We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts. We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. While good news seem unlikely to move the market with significant force, the bearish pressure is indicative of the state of the BTC/USD currently. Bitcoin price dynamics show a downtrend that is prevalent from $6,660 – $6,380 – $6,340, testing support levels at $6,220 and $6,290. An uptrend is also visible, providing support from $6,185 – $6,220 – $6,340. Resistances are visible at the $6,410, $6,480 and $6,660 marks. The MACD is denoting a bearish crossover downwards and the Parabolic SAR is flashing a bearish sign. (Source: ambcrypto.com) In an official statement, the Ukranian government confirmed its plans to establish regulatory frameworks to legalize crypto in the region. As a part of an initiative to consider and acknowledge cryptocurrency as an emerging technology, the Economic Development and Trade Ministry in Ukraine released a new state policy to oversee various cryptocurrency-related sectors which will be put in full effect by the end of 2021. Throughout 2018 and 2019, the government of Ukraine will integrate regulatory frameworks to strictly govern the local cryptocurrency exchange market. Crypto trading platforms will be required to implement Know Your Customer and Anti-Money Laundering systems to help local authorities monitor the market. By 2020, the government plans to delve into the cryptocurrency mining industry, smart contract protocols, and taxation, as the second part of the initiative to recognize cryptocurrencies as an asset class and an established industry. (Source: www.ccn.com) Last September saw the Korean government ban ICOs in the Asian country. This decision was reached as the government saw this form of crowdfunding as gambling, fraud, and speculation. It’s something that was greeted with strong backlash from many domestic blockchain startups. The government has been under constant pressure especially from the opposition party as some members have started to advocate for the legalization of ICOs. With the incumbent government struggling with economic issues including skyrocketing housing prices and a decline in employment, now members of the opposition have spotted an opportunity that allows them to paint themselves in a good light. However, in a recent interview with CoinDesk Korea, Min Byung-doo, a member of the ruling party, has spoken out in favor of ICOs. He is also the chairman of the National Policy Committee an agency that is considered as the first hurdle to be cleared by those that hope to enact legislation of crypto exchanges or ICOs. (Source: usethebitcoin.com) Ripple, the company behind XRP, the third largest crypto currency in the world, is reportedly planning to open a new office in Dubai. Dilip Rao, Ripple’s global head of infrastructure innovation, has been widely quoted as saying Ripple is "seriously planning to enter the Middle East market", with a Dubai office opening by the end of this year. His comments were taken from a speech at the Global Islamic Economic Summit 2018 last week. Dubai would join Ripple's network of offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg. According to reports, Rao highlighted the importance of the Middle East as a new market for the company. (Source: www.arabianbusiness.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: 6409.00 Low: 6335.17 Close: 6409.00 According to our machine learning models, the system has recommended to buy and hold within this three-hour period. Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
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 thank you for all your interaction with our posts. We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. The Bitcoin price is seen trading marginally in negative territory, down just some 0.15%, through the mid-point of Thursday’s session. BTC/USD looking to further pullback after the price pressures at the start of the week. BTC/USD price action has formed a bullish flag pattern. Near-term resistance is eyed at $6306, which is the upper trend line of the flag. A breach could open the door to a run up to $6400 territory, where a supply zone is seen tracking. Near-term support can be observed at $6285, the lower part of the flag. Should this fail to hold, eyes will be on the below demand area, $6200. (Source: www.fxstreet.com) According to the recent news, the world’s second largest stock exchange NASDAQ has developed a market surveillance technology that can “stamp out manipulation” in cryptocurrency markets, as Bloomberg reported Nov. 1. The publication referenced an unpublished paper from NASDAQ released Thursday, in which it explains it has invested “decades” developing tools for catching and preventing market manipulation. “Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced technologies to help capture and analyze abusive behaviors including pump-and-dump schemes, insider trading, wash trading as well as spoofing and layering,” it states. (Source: cointelegraph.com) Shakepay, a Montreal-based crypto startup, has launched an over-the-counter trading desk to serve high net-worth individuals, businesses and institutions in Canada looking to exchange large value of Bitcoin and Ethereum. Shakepay OTC was launched in response to the “overwhelming demand for a personalized service for large volume trading,” Jean Amiouny, CEO of Shakepay, said in a statement. The service, open to transactions over CA$50,000 for BTC and ETH trading pairs, settles transactions in one business day and charges a 0.75% trading fee. (Source: coinjournal.net) Reports suggest that Hong Kong’s securities watchdog has come up with new plans to regulate cryptocurrency funds and exchanges. While it is known for being crypto-friendly, Hong Kong is still not satisfied with the amount of protection that its crypto users currently enjoy. As a result of this, the Securities and Futures Commission announced plans to regulate the space via its “sandbox”, reports the Financial Times. This means that they will adapt existing regulations to newly-uncovered risks in regards to the crypto world. This is important due to the fact that current rules state that crypto trading is not regulated unless they include assets that are considered futures contracts or securities. According to the Ashley Alder, CEO of the SFC, the new measures will regulate the distribution and management of digital assets, so that the investors and their funds are protected. (Source: www.newsbtc.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: 6442.16 Low: 6376.88 Close: 6376.88 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 thank you for your interaction with our posts. We are constantly updating our analytic systems to continue producing more accurate up-to-date forecasts to use in trading or research. Happy Halloween to everyone and good luck in your today’s trades! Bitcoin has formed higher highs and higher lows to trade inside an ascending channel. Price is down to support and may be attempting to break lower. In that case, a reversal from the uptrend might be seen. The 100 SMA is above the longer-term 200 SMA, so the path of least resistance is to the upside. In other words, there’s a stronger chance for the uptrend to resume than to reverse. Stochastic is indicating oversold conditions which means that sellers are exhausted and might be willing to let buyers take over. In that case, bitcoin could bounce back to the channel top at $7,000 or at least until the middle of the channel at $6,700. The moving averages might also hold as dynamic resistance levels. RSI has just reached oversold territory itself and has yet to turn higher to signal a return in bullish momentum. (Source: ethereumworldnews.com) As recently reported, he UK’s Financial Conduct Authority is considering a possible ban on the retail trading of all derivative instruments that relate to exchange tokens such as Bitcoin. The UK’s financial regulator believes that crypto-based derivatives like CFDs, options and futures tend to be riskier than crypto assets, the Financial Times reports. The FCA published this statement alongside the first report released by the Cryptoasset Taskforce, a target working group created earlier this spring by the FCA, HM Treasury and the Bank of England. The Taskforce was launched in order to study the potential vulnerabilities of the essentially unregulated crypto market, and also assess the benefits and risks of blockchain and digital assets. When the study was finally released, it showed that among other issues, the FCA is pondering measures such as a complete ban on the sale of CFDs on cryptocurrencies and other crypto-based derivatives to retail investors. Perhaps, there will be an exception made for derivatives referencing “cryptoassets that qualify as securities.” However, such CFDs would still be subject to regulation and current ESMA restrictions. The financial regulator considers leveraged derivatives as even riskier than digital assets, since they can “cause losses that go beyond the initial investment” of amateur traders. (Source: cryptovest.com) Choi Jong-Ku, the commissioner of the Financial Services Commission of South Korea, has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges. At the state affairs audit conducted by the government of South Korea to evaluate the progress of all government agencies and commissioners in the nation, commissioner Choi emphasized that as long as cryptocurrency trading platforms are well equipped with Know Your Customer and Anti-Money Laundering systems, digital asset platforms will be able to obtain banking services from the country’s commercial financial institutions. “There exists no issue in banks providing virtual bank accounts to cryptocurrency exchanges. If digital asset trading platforms have KYC and AML systems in place, there is no problem in issuing virtual bank accounts to exchanges,” commissioner Choi said. (Source: www.ccn.com) “Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum public network, according to a press release Oct. 30. The system, dubbed EY Ops Chain Public Edition, uses zero-knowledge proof technology, an alternative algorithm for authenticating distributed ledger entries, in which transacting parties provide proof of validity, but all other information remains encrypted, including their identities. The prototype is aimed at enterprises that wish to keep their transaction records private without having to resort to a permissioned, private network. EY says it aims to “spur” enterprise blockchain adoption by supporting “both payment tokens and unique product and services tokens that are similar to the Ethereum ERC-20 and ERC-721 token standards.” Its offering extends to a prototype for a Private Transaction Monitor that captures transaction history for subsequent review. Both EY Ops Chain PE and the EY Blockchain Private Transaction Monitor have reportedly been developed by EY blockchain labs in London and Paris and are still “with patents pending.” They are slated to be ready for full-scale product launch by 2019, the press release states. (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: 6424.55 Low: 6348.09 Close: 6422.30 According to our machine learning models, the system has recommended to buy and hold within this three-hour trading 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. Bitcoin price has been oscillating between $6,000 and $7,000 for quite some time now. BTC/USD is trading in less than half a percent range for the day, signalling low volatility characteristic of the crypto market in the recent days. On the 240-minute chart of the crypto, BTC has been finding it difficult to cross past the descending trendline and it needs a lot of push and momentum by its side to sustain higher levels. Even if bulls manage to cross short term resistance, there are other bigger ones on the daily chart, just above this one above $6,500 in the form of descending trendline of the falling wedge and 100 days SMA above $6,700. (Source: www.forexcrunch.com) According to the recent news, the Australian post office is fueling Bitcoin adoption for its huge customer base of more than eleven million people. A 200-year old institution is offering a new digital identity service called Digital iD that can legally be used to make the process of signing up to local Bitcoin exchanges quick and painless. Users no longer have to upload selfies and wait days for verification. As first reported by the local news outlet Mickey, Australians can use Digital iD to get onto an exchange within minutes. “Digital iD gives people more control over the personal data they share with organizations,” says Digital iD general manager Cameron Gough. “For example, most people hand over their driver’s license to prove they can legally go to a bar, but all that is needed is a name and birth date – not that information plus your full residential address.” (Source: dailyhodl.com) Expobank, a Czech Republic-based bank, claims it is the first bank in Europe to offer account holders the opportunity to perform crypto-related transactions alongside traditional banking activities. The new service called Neo is based on the bank’s online platform Expobanking. It gives users full control over their financial activities, including those related to cryptocurrencies, Prague Express reported. Expobank has recently entered into partnerships with two companies from the crypto sector in order to provide crypto-related services. An agreement with Wbtcb allows the bank’s customers to invest and transact in BTC. According to a press release referenced by Czech media, the bank’s customers will not need to create a separate cryptocurrency wallet. Higher transaction limits will be available to verified account holders. Expobank’s clients will have access to new investment opportunities in the growing crypto industry. They will be granted access to Fundlift, the largest crowdfunding platform in the Czech Republic and another of the bank’s partners. Investors will be able to support fintech startups by participating in initial coin offerings as well as purchase shares of established companies. (Source: news.bitcoin.com) The research and development arm of Japan-based Sony Corporation, Sony Computer Science Laboratories, Inc. have issued a press release revealing their work on a contactless cryptocurrency wallet for storing cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. The wallet uses the company’s contactless integrated circuit technology for an added convenience for investors. Traditional cryptocurrency hardware wallets like the Ledger Nano S and Trezor wallets are USB-based, but its wallet would allow the user to ditch the cord and sign transactions from any device with a near-field communication (NFC) chip. The company has said that the wallet will be “small, portable and useful, unlike typical existing hardware wallets,” and will feature a “highly reliable tamper-proof module within the IC card” for increased security. While Sony Computer Science Laboratories is the company’s research and development division, and many of the subsidiary’s projects don’t end up being released as a fully-fledged product for consumers to purchase, the press release suggests that the company will push towards “commercialization” to further the “widespread adoption of blockchain technology,” hinting that the company is planning a bigger move into the world of blockchain and cryptocurrency. (Source: www.newsbtc.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: 6534.23 Low: 6520.66 Close: 6534.23 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. Recently, Bitcoin has been trading sideways while maintaining the support at $6,378. Besides, there is another stronger support that has been highlighted at $6,370. Bitcoin price is trading below the moving averages. Similarly, the 100SMA is below the longer term 200SMA; this means that the bears are quite present and Bitcoin is inclined to correct lower as opposed to moving higher. The MACD is horizontal in the negative region while the RSI is ranging at 45.65%. The bulls have the power to defend the above mentioned short-term support areas, at the same time, a break above $6,400 and the moving averages will see BTC/USD gain momentum towards $6,500. (Source: www.fxstreet.com) According to the news, Litecoin Core 0.17, which the Litecoin Foundation said was “upcoming”, will deliver a host of end-user improvements. Specifically, while Litecoin currently costs around $0.05 in average fees, after the update this will reduce closer to $0.005. This, Alternative Assets performance analyst and LearnCrypto.io president Nich Hellmann notes, will end the status quo in which Litecoin is more expensive to use than Bitcoin Cash. Despite its larger market cap, he continues, Bitcoin Cash is slower and has a more “contentious” community. “Currently because the blocks aren’t full there is no need to pay higher fees, which is one reason why the move is being taken,” developers wrote explaining the updates. (Source: bitcoinist.com) An arbitration body in China has ruled that cryptocurrencies such as Bitcoin are legally protected as property, in a case published Oct. 25 via the arbitrator’s WeChat account. The Shenzhen Court of International Arbitration ruled in favor of an unnamed plaintiff in an equity transfer dispute, in which the defendant failed to return holdings of Bitcoin, Bitcoin Cash and Bitcoin Diamond as had been agreed upon in a contractual agreement. According to the case outline, the contract had authorized the defendant to trade and manage the plaintiff’s portfolio of 20.13 BTC, 50 BCH, and 12.66 BCD for a stipulated time. When the defendant failed to return the holdings as per the agreed schedule, the plaintiff brought the case before the arbitrator, seeking the return of his assets with interest. The arbitrator concluded that the contract was legally binding. The ruling thus ordered the defendant to uphold his contractual obligations and return the assets under dispute with interest (calculated by the arbitrator as being worth $493,158.40), as well as to pay a penalty of 100,000 yuan ($14,400). (Source: cointelegraph.com) The Supreme Court of India has asked the country's government to provide an opinion on cryptocurrencies, amid legal fallout from a ruling by the central bank in April. On Thursday, the court held a hearing on a number of petitions filed by local cryptocurrency exchanges, as well as the Internet & Mobile Association of India (IAMAI), over the Reserve Bank of India's (RBI) order banning domestic banks from providing services to crypto firms. The court concluded by requesting that the government state its view on the matter within two weeks, The Economic Times reported Friday. Nischal Shetty, founder and CEO of Indian crypto exchange WazirX, said in a tweet that the court has asked the government to "file an affidavit related to the findings of the crypto committee set up by them." "The government must give some finality to the issue. We have got employees. There are jobs," Nakul Dewan, legal counsel for nine of the cryptocurrency exchanges included in the hearing, was quoted as saying to The Economic Times. The next motion hearing on the matter will be held on Nov. 20, according to a Supreme Court update. (Source: www.coindesk.com) The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours: As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades. Pair: BTC/USD High: 6549.16 Low: 6504.13 Close: 6549.16 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
2
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. After a long struggle to break the $6,600 resistance, bitcoin price declined recently. The price declined below the $6,560 support level, but downsides were limited by another important support around $6,460. The pair found a strong resistance near the $6,650 and $6,600 levels. As a result, there was a downside reaction below the $6,560 support and the 25 simple moving average. The decline was such that the price traded close to the key support at $6,460, which was a resistance earlier. It acted as solid support and prevented more losses. There is also a connecting bullish trend line in place with support at $6,470. (Source: blockonomi.com) According to the recent news, a new stablecoin will be launched on the Stellar blockchain that is pegged to the Australian Dollar. It will keep its value in a manner similar to how traditional stable coins have used the USD as reference as well as being backed by the fiat currency. In this case, the new stablecoin by Novatti Group, will also be backed by the Australian Dollar. The new stablecoin joins a budding list of other stablecoins such as Circle’s USDC, Huobi’s HUSD, Tether, TrueUSD, Paxos Standard Dollar and the Gemini Dollar. (Source: ethereumworldnews.com) Tether Ltd., the company behind the controversial USDT stable coin recently announced the burning of 500 Million Tether tokens. Tether Ltd. published a press release with no further details on the reasons behind the token burn. However, they were emphatic in mentioning that the USDT Whitepaper clearly describes the redemption process in which tokens are burned once users decide to change the stable coin for fiat money. Despite Theter’s efforts to demonstrate its transparency, many analysts vehemently voiced their mistrust. One of the clearest examples is the Bitfinex’ed campaign, which questioned the hodlers’ ability to effectively swap their tokens for fiat, warning that whatever Tether did could be a shady business move. The community’s reaction to the announcement remains mixed. (Source: ethereumworldnews.com) The Financial Services Agency of Japan has formally approved the Japan Virtual Currency Exchange Association (JVCEA), which gives the latter the mandate to set and enforce its own rules and allow for self-regulation of crypto businesses and firms. This is according to an announcement posted on the FSA website on Wednesday where the FSA said it has now allowed the association to function as a "certified fund settlement business association." This categorization means it can now set operational rules, standards and procedures for digital currency exchanges operating in the country. It can also take action against any exchange that violates these policies. And since FSA is interested in protecting customers and ensuring digital currencies and platforms are not used for money laundering, fraud, funding terrorism and other crimes, members of the association may also self-regulate with regard to these issues. (Source: www.cryptomorrow.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: 6558.81 Low: 6503.06 Close: 6529.24 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 thank you for all your interaction with our posts. We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. There was yet another rejection noted around the $6,450 resistance area in bitcoin price against the US Dollar. The BTC/USD pair traded as high $6,460 and later started a downside correction. The price dipped below the $6,420 and $6,400 supports along with the 100 hourly simple moving average. It traded as low as $6,390 and later recovered a few points. Buyers pushed the price above the $6,410 level and the 100 hourly SMA. (Source: www.newsbtc.com) The parent company of the New York Stock Exchange, Intercontinental Exchange, has announced the launch date for Bitcoin futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. Per the document, ICE will list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018. The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains: “Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.” The announcement is backed by a previous statement in September that the company’s “first contracts will be physically delivered BTC futures contracts versus fiat currencies” against U.S. dollars, pounds sterling, and euro. As previously reported, Bakkt will not support margin trading for its BTC contract. By refraining from allowing for margin, leverage and cash settlement, the platform will reportedly better support market integrity and enable the “trusted price formation” that it says is the key to “advancing the promise of digital currencies.” (Read more: 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: 6608.6 Low: 6544.8 Close: 6563.8 According to our machine learning models, the system has recommended to buy and hold within this three-hour period. Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
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 thank you for all your interaction with our posts. We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. Bitcoin has remained relatively stable over the past 24 hours of trading only moving a small -0.1%. The cryptocurrency king is currently trading at a price around $6583, at the time of writing, after seeing a +3.98% price hike over the past 7 trading days. (Read more: coingape.com) Yesterday, various news websites including The Next Web reported that Elon Musk’s Boring Company was accepting bitcoin as a form of payment for its famous flamethrowers. However, it has now been revealed — also by TNW — that it is a fake website created by a scammer and that the real Boring Company is not accepting cryptocurrency. The fake website is still live and displays a range of payment methods including cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It also claims that all proceeds will be used to support Hyperloop technology. However, Musk hasn’t responded to the recent scam yet. (Read more: www.ccn.com) The U.S. Marshals Service, the oldest law enforcement agency in the United States dating from 1789 when President Washington appointed the first thirteen Marshals, is auctioning some 660 Bitcoins next month, worth $4,220,040 at current prices. The cryptocurrency being auctioned relates to forfeitures from various federal criminal, civil and administrative cases. This latest auction follows ones conducted by the agency at the start of 2018 (January 22) for 3,813 Bitcoins that were worth around $51.5 million at the time, and a subsequent Bitcoin auction on March 19. The latter was their seventh such auction to that point in time, which comprised around 2,170 Bitcoins, which were worth approximately $24 million at the cryptocurrency’s then market price on exchanges. (Read more: www.forbes.com) The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours: 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: 6609.5 Low: 6585.8 Close: 6559.9 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. According to the recent information, the major news for the week was the fall of Tether to as low as 85 cents. Tether was supposed to be the first true “stablecoin”; a cryptocurrency that was pegged to the US Dollar and therefore expected to maintain exchange rate parity with the greenback. This parity was broken in early hours trading on Monday, when a loss of confidence in Tether led to a safe haven push into BTC and triggering a spike from the low price of $6,150 to a high of $7,200 on several platforms. The price even got to as high as $7,800 on Bitfinex. (Source: usethebitcoin.com) The US government is slowly integrating cryptocurrency and financial technology into its regulatory ecosystem, adding legitimacy and more support for the space. The US Securities and Exchange Commission announced today that they are launching the Strategic Hub for Innovation and Financial Technology (FinHub). Led by Valerie A. Szczepanik, Senior Advisor for Digital Assets and Innovation and Associate Director of the SEC’s Division of Corporation Finance, FinHub will connect and update the public on SEC-related issues and initiatives dealing with distributed ledger technology including blockchain and cryptocurrencies, automated investment advice, digital marketplace financing and artificial intelligence. (Source: dailyhodl.com) Goldman Sachs says it’s investing millions in a venture designed to bring Wall Street investors with deep pockets into the cryptocurrency market. Goldman and crypto venture firm Galaxy Digital are investing a combined $15 million into BitGo, a fully regulated cryptocurrency custodian that securely purchases and stores digital assets on behalf of institutional investors. “If you were investing in any other asset class, you’re probably not worried about the asset just disappearing — but this one, people still have that fear,” BitGo’s CEO Mike Belshe told Bloomberg. To push cryptocurrencies into the mainstream, “we’ve got to conquer that.” The move follows Fidelity’s breakthrough entrance into the world of cryptocurrency. The world’s fourth largest asset manager announced its big entry into crypto on Monday, with the launch of a crypto trading desk and custody platform. (Source: dailyhodl.com) A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating a fraudulent Ponzi scheme, according to an official announcement published Oct. 18. GBI is a New York-based corporation and denominated Bitcoin hedge fund incorporated in 2014. As stated on the company’s website, by 2015 it had 85 customers and 2,367 BTC under management. The order is the continuation of the initial anti-fraud enforcement action filed by the U.S. Commodity Futures Trading Commission against GBI in September 2017. The CFTC charged GBI for allegedly running a Ponzi scheme from 2014 to 2016, telling investors that it had developed a computer algorithm called “Jigsaw” which allowed for substantial returns through a commodity fund. In reality, the entire scheme was a fraud. (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: 6593.3 Low: 6519.5 Close: 6566.3 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning, it was reported that during the past few sessions, there was hardly any action above $6,500 in bitcoin price against the US Dollar. The BTC/USD pair consolidated below the $6,500 and $6,520 resistance levels. Earlier, a low was formed at $6,349 before the price corrected higher. It traded above the $6,460 level, but it struggled to clear the $6,500 and $6,520 resistance levels. Moreover, there was no close above the 23.6% Fib retracement level of the last slide from the $6,830 swing high to $6,349 low. (Source: www.newsbtc.com) The recent news of Fidelity entering the cryptocurrency space has sent shockwaves throughout the industry with many claiming this move to be a catalyst towards mass adoption. In a recent interview with Bloomberg, an official from Fidelity spoke about the company’s entry into the digital asset market and gave his two cents on the institutional investor scene in the cryptocurrency space. The official stated that Fidelity, which is originally an asset management organization, has been doing research on cryptocurrencies such as Bitcoin since 2014. He was candid in stating that the company wanted to draw out a full-fledged plan before venturing into the space. According to him, Fidelity aims to provide various bodies and individuals the tools to manage the cryptocurrency space. He further added: “The cryptomarket had zero interest a couple of years back but now you can clearly see the boom. The scene is changing dramatically enabling an industry heavily skewed towards retail investors to be open to even institutional investors. We have served over 13000 financial institutions and the learnings from all that allowed us to create a model that was conducive for growth.” (Source: ambcrypto.com) Barely a week after adding support for the 0x Protocol token (ZRX) on its professional investor platform, crypto exchange Coinbase is enabling full trading for retail investors. The exchange announced Tuesday that coinbase.com, Android and iOS app users would be able to trade, buy, sell or store ZRX, after initially announcing that Coinbase Pro would support the token on October 11. ZRX is the first ERC-20 token to be listed by the exchange. (Source: www.coindesk.com) The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours: As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades. Pair: BTC/USD High: 6768.1 Low: 6677.6 Close: 6702.8 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 thank you for all your interaction with our posts. We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning, it was reported that yesterday we saw a sharp upward move above the $6,700 level in bitcoin price against the US Dollar. The BTC/USD pair traded above the $6,800 level and topped at $6,829. Later, there was a major downside move and the price reversed most gains below $6,500. There was even a push below the $6,400 support and a low was formed at $6,349. Later, the price started consolidating and moved above the $6,400 level. (Source: www.newsbtc.com) Yesterday, Boston-based asset manager responsible for $7.2 trillion in customer assets, Fidelity Investments, revealed a separate new branch focusing on cryptocurrencies like Bitcoin and Ethereum called Fidelity Digital Asset Services. The new subsidiary is the first-of-its-kind among traditional Wall Street firms, and will offer both asset custody and trade execution for institutional investors. Fidelity Digital Assets will allow institutional investors to trade cryptocurrencies across multiple exchanges that comply with the “Fidelity standard” using its existing internal crossing engine and smart order routing, but stopped short at revealing which exchanges have earned that seal of approval. Fidelity’s onboarding procedures for counterparties involves a deep dive into an exchange’s regulatory procedures and financial strength, among other analysis. (Source: www.newsbtc.com) Bithumb has recently launched its own decentralized exchange, which will start to work on October 15, 2PM. The new platform will be known as Bithumb DEX and will be launched by the company and BGEX, a Hong Kong-based fintech firm. OneRoot Network will also be a part of the partnership. The official base currency of the platform will be Ethereum, the second largest crypto by the market cap. The Bithumb DEX exchange uses MetaMask, which is based on the Ethereum technology and will have 10 trading pairs, all of them paired against Ethereum initially. (Source: bitcoinexchangeguide.com) Yesterday the Osiris team bought BTC for 6,769.1 at 09:22 and sold it later that day for 6,929.9 at 11:10. Later we bought more BTC for 6,802.4 at 18:52 and sold it today at 06:07 for 6,871.0. After these two trades, the return was around 3.40%. 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: 6729.0 Low: 6646.1 Close: 6646.1 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning, it was reported that Bitcoin has surged over 10% in the past 24 hours, briefly surpassing the $7,000 mark according to data from CryptoCompare. The BTC price is also fluctuating rapidly as it’s trading at $6,698 at press time. As the bitcoin price surged, as usual - altcoins maintained their close price correlation with BTC, likely due to arbritrage bots - with Ethereum (ETH) up nearly 10% in the last 24 hours and currently trading at $219.00. (Source: www.cryptoglobe.com) During the wee hours of Monday morning, crypto assets saw a strong, but suspicious move to the upside, even though volumes continued to dwindle. As users took to internet sleuthing to determine the catalyst behind this influx, it immediately became clear that something was amok. More specifically, Bitcoin somehow eclipsed $7,200 on Bitfinex, Kraken, Binance, and OKEx, which are all platforms that support USDT, while Bitcoin only moved a tad above $6,700 on non-Tether-enabled platforms. To add to the confusion, Tether, which has held its $1.00 value for months on end, fell 6% below its normal rate, further supporting the theory that something wasn’t right with this latest spurt of price action. (Source: www.newsbtc.com) Ethereum’s enthusiasts have long been waiting for Constantinople hard fork, the biggest Ethereum network, to go live by the end of this year. However, the developers have made it clear that the plan would not be possible. On Friday, October 12, Ethereum software clients confirmed that the Constantinople hardfork was ready to be implemented on the Ropsten network in two days. On Sunday, the hard fork became active on the Ropsten, Ethereum’s main test network, at block 4,230,000. But not everything went smoothly. The problem was that the Ropsten network halted on the last block before the upgrade – 4,299,999, staying at that level for a while. According to Afri Schoedon, release manager for the ethereum client Parity, the reason of the upgrade stall was the absence of miners who were supposed to push the upgraded blockchain forward. Finally, the network got unstuck. However, there came a new issue to worry about. Zero transactions were recorded on the network. The consensus issue on Ropsten resulted in a three-way fork between Geth, Parity, and another Ethereum client. (Source: www.coinspeaker.com) We are pleased to announce that our last trade with ETH went brilliantly well. The Osiris team bought ETH for 201.64 at 15:06, October, 14 and sold it later for 235.38 at 07:01, October, 15, generating us 16.83% 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: 6910.8 Low: 6861.7 Close: 6861.7 According to our machine learning models, the system has recommended to buy and hold within this three-hour period. Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. In the light of the recent bearish run, Bitcoin is struggling to regain momentum. They continue to express the sideways sluggish movement that they have experienced since the beginning of October. A slight uptrend presented itself from the $6610 – $6700 mark for 4 days at the beginning of the month, quickly translating into downwards movement to the $6630 mark, later finding a bottom at $6316. There is also a prevalent downtrend in power since the 3rd, pushing the price down to the $6250 mark from $6440. There is a support at the $6250 level, with a broken support at $6445. This also marks a strong resistance at the $6700 mark. (Source: ambcrypto.com) Cryptocurrency exchange platform Coinbase is reportedly planning to remove its index fund, as it failed to generate enough interest from accredited investors, The Block Crypto reported on Thursday. The exchange first introduced the fund “equivalent to the S&P 500 index” this past June targeting clients wishing to invest a minimum of $250,000 to up to $20 million. The index fund service was a part of the company’s efforts to attract big institutional investors and was available to accredited investors only from the US. Still, it wasn’t able to receive enough interest. Moreover, after the fund was released, some investors showed concerns about the lack of support for multiple crypto assets as well as high fees. To address these complaints, the company expanded the list of tokens and minimized management fees by 50% to 1% a year. Now, Coinbase is going to focus on more casual investors with its new offering, called Coinbase Bundle. The product is similar to an index fund, but offers a bundle of digital currencies, which traders can purchase for as little as $25. (Source: 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: 6339.0 Low: 6300.6 Close: 6300.6 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 thank you for all your interaction with our posts. We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. Yesterday, there was a sharp downside move below $6,400 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $6,200 support level and settled below the 100 hourly simple moving average. It tested the next important support at $6,100-6,110 and later started consolidating losses. A support base was formed near $6,110 and the price started an upside correction. (Source: www.newsbtc.com) The losses related to crypto hacks continue to rise sharply, with nearly $1 billion stolen so far this year, new research suggests. In the first nine months of 2018, hackers stole $927 million from the cryptocurrency exchanges and other platforms, according to a recent report from blockchain security firm CipherTrace. The document, titled "Cryptocurrency Anti-Money Laundering 2018 Q3," indicates the losses are 3.5 times higher than the levels seen in 2017, which came to $266 million. CipherTrace estimates the total figure will reach over $1 billion by the end of 2018. The most notable theft of the year 2018 was the hack of Japanese exchange Coincheck, which saw $530 million-worth of cryptos stolen. Other major breaches included a number of crypto exchanges such as Italy's BitGrail ($195 million), Japan's Zaif (around $60 million) and South Korea's Coinrail (over $40 million) and Bithumb (over $30 million). Other types of businesses hit included token creation platform Bancor ($23.5 million) and Geth, an ethereum client (over $20 million). (Source: www.coindesk.com) Crypto exchange startup Coinbase is adding the 0x protocol token to its professional trading platform, Coinbase Pro. Announced Thursday, the exchange said in a blog post that it had begun accepting deposits for ZRX, and would enable trading around 5:00 A.M. UTC, or after at least 12 hours after the initial announcement. The move represents the first time the platform has added support for an ERC-20 token that runs on the ethereum network. "Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York," Coinbase Pro general manager David Farmer wrote. (Source: www.coindesk.com) The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours: As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades. Pair: BTC/USD High: 6375.9 Low: 6288.6 Close: 6329.5 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
2
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. Yesterday, it was discussed that the previous supports near $6,550-6,560 are likely to prevent an upsides in bitcoin price against the US Dollar. The BTC/USD pair failed to gain above $6,550 and started a fresh downside move. It broke the $6,520 support to enter into a bearish zone. Sellers took control, resulting in a sharp decline in the price below the $6,400 and $6,240 support levels. The price settled below $6,400 and the 100 hourly simple moving average. (Source: www.newsbtc.com) Swiss insurance broker ASPIS SA has launched CryptoIns, a platform that provides insurance against exchange hacks for its customers’ crypto funds held in personal accounts on exchanges and in wallets. The insurance can be bought either with Bitcoin or Ethereum, while claims paid in insurance cases will be disbursed based on the total amount of assets in the assured accounts recalculated in Bitcoins. (Source: www.coinspeaker.com) Over CND$400,000 of cryptocurrency has been ordered by the British Columbia Supreme Court to be traced and recovered from “whatsoever hands the Ether Tokens may currently be held” following a decision on summary judgment in Copytrack Pte Ltd. v Wall, 2018 BCSC 1709. The Court found “it is undisputed that they were the property of Copytrack, they were sent to Wall in error, they were not returned when demand was made, and Wall has no proprietary claim to them”. This is arguably one of the early steps of legal recognition of cryptocurrencies as property by courts. (Source: www.lexology.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: 6309.1 Low: 6276.8 Close: 6288.0 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning, it was reported that the BTC/USD pair failed to break the $6,640 and $6,700 resistance levels. It resulted in a downside move below the $6,550 support and the 100 hourly simple moving average. The price moved into a bearish zone as it cleared the important $6,500 support as well. (Source: www.newsbtc.com) Bitcoin and Bitcoin Cash services firm Bitcoin.com is planning to buy or set up its own crypto exchange, the company’s CEO Roger Ver revealed in an interview with Bloomberg on October, 9. According to Ver, the upcoming crypto trading platform will be placed on the Bitcoin.com website, which is expected to generate a great amount of traffic via various services such as wallet transactions and news. Ver said the new platform will get "thousands or tens of thousands of new users every single day" through Bitcoin.com. (Source: cointelegraph.com) The main accusation of the mainstream media against crypto is that it is "a currency that is hard to spend". According to a study published by the Bank of Netherlands in February, 2018, only two percent of online retailers accepted crypto, in spite of "substantial" interest. The UTRUST API is aimed at online and point-of-sale crypto acceptance worldwide. This set of tools will also include a conflict mitigation system, chargeback protection, and a proprietary cryptocurrency which increases purchasing power within the platform. While UTRUST has their sights set on assisting global retailers in the use of crypto it has decided to launch its business in Europe. (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: 6650.7 Low: 6580.3 Close: 6600.0 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. Yesterday, the BTC/USD pair was in a bullish trend. The cryptocurrency made another attempt to break the $6,800 price level so as to reach the $7,400 and $8,500 price levels. On September 21, the BTC price made the first attempt but was resisted. On the 4-hour chart, the BTC price is in a sideways trend. The price of Bitcoin is above the 12 days EMA and the 26 days EMA which indicates that the price is rising. The Relative Strength Index period 14 is level 56 which indicates that the price is in a sideways trend zone. (Source: www.cryptoglobe.com) Bitcoin mining in 2018 hasn’t been as profitable as in 2017 despite an increase in overall revenue. With the network hashrate continuing to increase astronomically, miners now pay higher electricity tariffs severely affecting their bottom-lines. According to Diar, revenue accrued by BTC miners for the first half of 2018 exceeded the total revenue earned for all the whole of 2017. Adding the figures from Q3 2018, BTC mining revenue for the year now exceeds 2017’s numbers by more than $1.4 billion. Despite these impressive revenue earnings, mining profitability has taken an enormous hit. Since the start of the year, miners have earned successively lower profits culminating in zero profit for September 2018. (Source: ethereumworldnews.com) The International Monetary Fund (IMF) has warned the "rapid growth" of Bitcoin and cryptocurrency assets could create "new vulnerabilities in the international financial system," as the world's banks adjust to the recent Bitcoin and blockchain boom. "Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services. Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system," according to the fund's latest World Economic Outlook report, out today. (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: 6690.8 Low: 6623.5 Close: 6658.5 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. Last week the price of Bitcoin had been on a range bound movement. On September 29, the BTC price had been consolidating above the $6,500 price level. On October 3, the BTC price fell to the low of $6,456.49 and pulled back above the $6,500 price level. Since then the price of Bitcoin had been making concerted efforts to gain momentum above the $6,600 price level. On the 4-hour chart, the BTC price is in a sideways trend. The cryptocurrency is still trending horizontally; this means that a breakout is imminent for Bitcoin. The Relative Strength Index period 14 is level 52 which indicates that the price is in a sideways trend zone. (Source: www.cryptoglobe.com) The latest news received from the Hong Kong-based Bitfinex, one of the leading crypto exchanges in the world. According to the announcement, it obtained a new banking partner. It is HSBC, a $133 billion banking giant based in London. “Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask me. It’s also worth mentioning that all EUR, JPY and GBP deposits are paused but Bitfinex ‘expects the situation to normalize within a week”, reported Larry Cermak, former editor at Diar and head analyst at The Block. Earlier, Bitfinex was a customer of Noble Bank, based in Puerto Rico. (Source: www.coinspeaker.com) The ICO boom of 2017 and early 2018, ushered in a new era of individual blockchain projects that aimed to solve a lot of the issues on the Ethereum network. The most prominent ones have so far released a final product in the form of a mainnet, with others in the last stages of launching one. The co-founder at the Loom Network, James Martin Duffy, mantiones that the Loom Network is building their layer 2 on top of Ethereum instead of completely creating a new blockchain network. This then solves the scalability issues on the network without having to start from scratch. (Source: ethereumworldnews.com) The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours: As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades. Pair: BTC/USD High: 6651.5 Low: 6619.3 Close: 6633.9 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
2
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning, it was reported that the BTC/USD opened the day while valued at 6590-fiat and is currently fluctuating around 6593-fiat. Between then and now, the pair, however, witnessed a robust intrarange action, in which the value retested 6500-fiat as its psychological support, and found its uptrend capped by an equally strong resistance level near 6627-fiat. The sideways consolidation action offers adequate opportunities to traders to enter and exit markets on decent profits. (Source: www.ccn.com) Circle Internet Financial Ltd., the Goldman-Sachs funded crypto investment vehicle has been moving swiftly to become a dominant player in the crypto industry. The company in past 24 to 48 hours has made a couple of announcements that have added new ammunition to the company’s growth plans. According to the latest news reports Circle has added a new feature on their app named “Collections” and acquired equity crowdfunding platform and broker-dealer SeedInvest. While the exact terms of the transaction were not disclosed, the deal still awaiting regulatory approvals from Financial Industry Regulatory Authority, once the acquisition is approved, it will reportedly enable Circle to expand SeedInvest’s offerings to support cryptocurrencies, including fiat stablecoins and issuing and offering tokenized securities. (Source: coingape.com) The much-anticipated launch of a Bitcoin exchange-traded fund has a new deadline for approval from the US Securities and Exchange Commission: 26 October. In the time leading up to 26 October, the SEC says it is reviewing proposed changes to the rules that would reflect on nine separate ETF proposals from three different applicants. These applicants constitute ProShares in conjunction with the New York Stock Exchange with their two proposed ETF exchanges NYSE Arc, five ETF proposals from Direxion and two from GraniteShares. The SEC called for "any party or other person" to file a written statement either supporting or condemning the ETFs in the allotted time before the deadline. (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: 6577.9 Low: 6555.2 Close: 6555.2 According to our machine learning models, the system has recommended to buy and hold within this three-hour period. Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
BITFINEX:BTCUSD
by Osiris_Finance
BTC 3-hour forecast. Machine learning.Dear colleagues and followers, We at Osiris Finance would like to sincerely apologise for such an unexpected and unfortunate delay of our forecast due to the Bitfinex scheduled maintenance time yesterday and would like inform you that we were working very hard on upgrading our trading algorithms to keep providing you with up-to-date forecasts to use in trading or research. This morning, it was reported that this week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair. The price recently declined below the 23.6% Fib retracement level of the last wave from the $6,399 low to $6,597 high. However, downsides were limited by the $6,500 support area. Additionally, the 50% Fib retracement level of the last wave from the $6,399 low to $6,597 high is also acting as a support. Below the $6,500 support level, there could be a bearish wave towards the $6,400 pivot level. (Source: www.newsbtc.com) The U.S. Securities and Exchange Commission has just filed an amendment to the proposed rule change to list and trade shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF. The amendment was filed just after 20:00 UTC, October 4, 2018. In a separate document, the SEC has outlined that the order disapproving the proposed rule change concerning the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF will remain in effect pending the Commission’s review. (Source: blokt.com) On October 5th, the core developer of Ethereum, Péter Szilágyi announced that the plan to launch the upcoming hard fork, Constantinople on the Ropsten Testnet has been delayed. Péter Szilágyi explained that the decision comes collectively from the Ethereum community. The core developer stated that the main reason behind the delay was an encountered Ethereum Virtual machine Denial of Service attack vector. Szilágyi stated that the delay will allow clients to implement, test and release an update on the CREATE2 Ethereum Improvement Protocol, to counter the DoS attack vector. (Source: ambcrypto.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: 6593.6 Low: 6520.6 Close: 6560.8 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning, it was reported that during the past two days, we mostly saw range moves below the $6,700 resistance in bitcoin price against the US Dollar. The BTC/USD pair recently faced an increased selling pressure and declined below the $6,540 support. The price even settled below the $6,500 support and the 100 hourly simple moving average. It seems like buyers failed to gain traction above the $6,620 level, resulting in a bearish break. (Source: www.newsbtc.com) We already reported that Coinbase, one of the largest crypto exchanges, has announced a plan to “rapidly add” new assets to its system through open applications by sharing an online form, which has to be submitted by the projects who desire to list themselves on Coinbase. Recently it was announced that Tiger Global, a U.K. hedge fund that invests mostly in global consumer brands, is reportedly considering a $500 million investment in Coinbase, which would boost the startup’s valuation close to $8 billion and strengthen the cryptocurrency market’s legitimacy, according to sources that spoke to Recode. The investment would make Coinbase one of the highest valued U.S. startups. (Source: www.ccn.com) Australian cryptocurrency payments startup Travelbybit has seen a cash injection of $2.5 million from a high-profile investor in Binance, the world’s largest cryptocurrency exchange, for further expansion of the its' network of cryptocurrency payment terminals following a successful implementation in Brisbane earlier this year, Business Insider Australia reported on Wednesday. The two companies will jointly collaborate in introducing a point-of-sale system – already developed by TravelbyBit – into “major airports around the world,” the report added. The objective is to propel cryptocurrency adoption among travelers who commonly see friction in currency conversion and other markup fees. (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: 6519.5 Low: 6457.9 Close: 6457.9 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning it was reported that on the 4-hour chart, the BTC price is in a range bound movement. Price is moving horizontally above the $6,500 price level. The Relative Strength Index period 14 is level 50 which indicates that price is in the range bound zone. (Source: www.cryptoglobe.com) On 27 September, the Prime Minister of Malta, Joseph Muscat, gave a speech to United Nation’s General Assembly, remarking that he believes that any nation can secure themselves as a “future-proof society”, the sooner they “pair the new digital economy with a new state – a digital state”. So far this year, Malta has been charging ahead with its blockchain and cryptocurrency adoption. Muscat remarks that Malta “launched itself as a blockchain island by being the first jurisdiction worldwide to regulate this new technology that previously existed in a legal vacuum”. This had occurred in July when three bills became law, legalizing cryptocurrency businesses in the country. (Source: bitcoinnews.com) Beijing Sci-Tech Report, China’s oldest media publication covering the tech industry, has announced it will offer subscriptions payable with Bitcoin, local media outlet Guangming reported Sunday, September 30. An evidently rare occurrence from China, were government pressure has forced crypto exchanges and ICO operators to halt activities over the past year, BSTR says it wishes to promote blockchain and crypto use through “practical actions.” “Subscribers can pay subscription fees to the specific bitcoin receiving address of the newspaper to complete the subscription,” Guangming confirms. (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: 6596.9 Low: 6532.9 Close: 6581.1 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 thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research. This morning, it was reported that there was a sharp downside correction from the $6,794 high in bitcoin price against the US Dollar. The BTC/USD pair traded below the $6,600 support level, but declines were protected well above $6,400. A low was formed at $6,451 and it seems like there is a strong support formed near $6,440. Later, the price recovered above the $6,500 level and the 23.6% Fib retracement level of the downward move from the $6,794 high to $6,451 low. (Source: www.newsbtc.com) For the first time ever, elections may result in a significant impact on Bitcoin as Québec voters go to the polls in the French-Canadian province's parliamentary elections today. Bombarded with demand in early 2018 by miners from China and elsewhere, the provincial government - headed by the Parti Liberal du Québec - quickly applied heavy brakes to the nascent mining industry by ordering Hydro-Québec, the state-owned electric utility, to restrict the sale of power and charge higher tariffs to customers in the blockchain industry. (Source: www.forbes.com) China’s Bitcoin ‘tycoon’ and serial investor Li Xiaolai, one of China’s rumored biggest Bitcoin bagholders and investors, will take a hands-off approach to future blockchain projects, he announced on social media Sunday, September 30. Li is said to be dissatisfied with fraudulent actors in the blockchain industry that were claiming he was part of their undertakings. “From this day on, Li Xiaolai personally will not invest in any projects (whether it is blockchain or early stage),” his post on Chinese social media network Weibo reads, translated by Chinese tech journal TechNode: “So, if you see ‘Li Xiaolai’ associated with any project (I have been associated with countless projects without my knowledge, 99% is not an exaggeration), just ignore it.” (Source: cointelegraph.com) The Osiris team has bought ETH for 230.59 on September 29th, 21:15, and sold it for 237.30 on September 30th at 11:26. Later that day the Osiris team ha bought more ETH for 235.96 at 14:12 and made a decision to fix the loss by selling it for 233.26 at 03:06, October 1st. These two trades have generated us 1.73% return. No trades with BTC were made. 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: 6617.9 Low: 6552.0 Close: 6576.7 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