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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
Bitcoin ABC (Bitcoin Cash) fundamental analysis. Dear colleagues and followers, We at Osiris Finance happily 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. Bitcoin price extended declines and traded to new lows below $4,550 against the US Dollar. BTC/USD is currently under pressure below $5,000 and the decrease in Bitcoin Hash Rate could ignite more losses. The chart indicates that the price dropped heavily below the $5,060 and $4,860 support levels. It even declined below the $4,550 support and traded to a new multi-month low around the $4,400 level. The RSI has reached the 10 level, suggesting that the price is facing a solid selling interest below $4,860. However, there are chances of a short-term bounce from the recent low of $4,407. An initial resistance is near the 23.6% Fib retracement level of the recent decline from the $5,751 high to $4,407 low. Moreover, there is a major bearish trend line in place with resistance at $4,700 on the same chart to act as a barrier for buyers. (Source: coingape.com) According to the recent news, two separate crypto exchanges, Huobi and Kraken, have independently decided to list Bitcoin ABC coins as Bitcoin Cash (BCH) on their exchanges. In the same announcement Kraken also warned that, despite listing Bitcoin SV as well (by the ticker BSV), the exchange ultimately regards it as a high-risk investment as it does not meet usual listing requirements (Source: ethereumworldnews.com). Coin.dance platform has also formally announced that Bitcoin ABC has won the “has war” (Source: cash.coin.dance). The Indian government is actively preparing a draft bill on crypto regulation, which is expected to see light this December, according to documents obtained by digital news website Quartz India Tuesday, Nov. 20. The government has filed a counter-affidavit yesterday, Nov. 19 in the Supreme Court of India, which is currently hearing a case filed by several crypto exchanges against the Reserve Bank of India (RBI). The document states that the Indian finance ministry panel, responsible for the draft and headed by secretary in the department of economic affairs Subhash Chandra Garg, will present its first version in December. Quartz India reports that the draft report and bill will be sent out to members of the inter-ministerial committee (IMC), and that the next meeting of the IMC will specifically discuss the draft legislation. The documents notes that it is expected that the draft report will be placed before the IMC by next month. (Source: cointelegraph.com) The world’s second-largest cryptocurrency exchange OKEx hit back at accusations it “manipulated markets” by adjusting Bitcoin Cash (BCH) futures settlements in a fresh statement Nov. 20 sent to Cointelegraph. The exchange, which opted to deliver BCH futures early due to the coin’s contentious hard fork Nov. 15, subsequently saw a barrage of negative publicity over the decision, pundits complaining it had overstepped its remit in freely deciding when and how futures contracts would be settled. In particular, a Medium user AMBER AI accused OKEx of “outright market manipulation and one of the more serious acts of fraud in the history of limit order book trading in the cryptocurrency markets”. Published Nov. 19, the post provides a lengthy analysis of the futures settlement and further alleges OKEx contradicted its own small print several times during the process. It is argued traders have lost $24 million due to the move. Responding, the OKEx exchange sent a circular to users in which it said the futures settlement change was “based on the consideration of market integrity and customer interests”. OKEx added it would consider legal action against AMBER AI for “interfering” in its operations. (Source: cointelegraph.com) 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. The comparative performance of BAB is promising, BAB being the only coin among the top-20 staying in the green. As can be seen from the chart, BAB is also the only coin trading above its 4:30 UTC levels before the overall market dump. Currently, Bitcoin ABC can be undoubtedly called the winner of the “hash war”, controlling over 60% of the hash rate, being 46 blocks ahead and 54.3% ahead on proof of work (Source: cash.coin.dance). The mining of Bitcoin ABC has also become more diversified, including ViaBTC, AntPool and BTC.TOP pools. Recent block statistics (fees, sizes and outputs, source: blockchair.com) shows that at least these three pools are not “selfless”, mining solely for the promotion of the chain, but rather self-interested miners, implying that their activities are sustainable, which is crucial given overall concerns of loss generation over Bitcoin ABC and Bitcoin SV mining. Overall, the Osiris Team remains bullish on Bitcoin ABC. There is no firm selling target as upward coin movement is bounded not by technical or liquidity factors but rather by sentiment. As we believe negative sentiment over Bitcoin ABC is to vanish (which indeed is slowly happening), we will sell when we see signals of long-term price stabilisation at higher levels (probably over 340-350 USD) and resume short-term trading. Despite the fact fundamentally justified price for Bitcoin ABC is around 430 USD, given the overall bearish sentiment around crypto and significant selling pressure around 360 USD, where most of the sell orders are concentrated and where historical highs have previously formed (see chart), these assessments (~430 selling target) now seem slightly optimistic. Thank you for staying in touch and good luck in your today’s trades. We are looking forward to your feedback and any suggestions here at TradingView.
BLong
by Osiris_Finance
Bitcoin Cash hard fork special. BAB price analysis and forecast.Dear colleagues and followers, We hope you and your portfolios have survived the bearish run of the recent days. Our trading systems at Osiris Finance urged us not to trade during this period so we managed to preserve our capital. We are expecting to resume the regular posting schedule with forecasts and news digests on Monday, November 19th. And now for something completely different. Osiris Finance presents an analysis of a Bitcoin Cash hard fork that happened on November 15th at 4:40 UTC with first blocks mined on rival chains (Bitcoin ABC and Bitcoin SV) soon after 6:00 UTC (Source: blockchair.com). The blockchain community is somewhat divided in terms of support of two rival chains. Osiris Finance personally sees both significant merits and shortcomings in both technological reinterpretations of Bitcoin Cash protocol, however the Osiris team generally supports the Bitcoin ABC project as the leading enthusiasts of Bitcoin ABC seem more competent and level-headed (nevertheless, we are deeply disappointed that both Roger Ver and Craig Wright have so much influence over respective blockchain projects that are meant to be decentralised and independent by definition). Many exchanges, including Bitfinex and Poloniex, have started trading Bitcoin ABC and Bitcoin SV IOUs shortly before the fork (Source: www.coindesk.com). Therefore, it is extremely interesting how such aggravating rivalry manifests itself in coin prices and whether it offers any profit opportunity in the future. Prior to the hard fork, there were a number of concerns surrounding the ABC-SV rivalry. First, as Satoshi’s Vision implementation has been focused on increasing the block limit, the market would react to the relative size of blocks mined on the SV chain (Source: coincodex.com). Second, as there were speculations that SV team might launch a 51% attack, the dynamics of relative hashrates of the two networks could trigger a price reaction (Source: ethereumworldnews.com). Finally, and arguably most importantly, as analysts warned SV chain could mine empty blocks on the ABC chain and thus disrupt the functioning of the network, the market would be very responsive to any empty block appearing in the ABC chain. (Source: www.coinspeaker.com) Going into the fork, the SV chain controlled over 74% of the hash rate (Source: cash.coin.dance). Probably to level the playing field, Roger Ver has announced that the Bitcoin mining pool Bitcoin.com would switch some of its computational powers to mine the ABC chain instead (Source: www.chepicap.com). It is arguably working, as now ABC is leaping ahead in terms of hash rate and controls 64% and that has been relatively stable recently (Source: cash.coin.dance). The analysis of Bitcoin ABC (BAB) price responses to major post-fork events can be seen on the chart. Right after the fork, the market responded strongly to which chain mines the first block. First two blocks were mined by Bitcoin.com on the ABC chain at 18:02 and 18:05, which caused the BAB price to jump upwards from 280 USD to 300 USD. As SV chain has struggled for a reasonably long time to mine blocks, BAB has skyrocketed and peaked around 360 USD at 18:20 UCT. Later on, a variety of concerns surrounding the ABC chain have driven the price down. First, the blocks were finally mined on the SV chain and their size was impressively high, especially relative to those on the ABC chain, letting the market believe the technological solution of increased block size in the Satoshi’s vision concept is successful. Second, despite the second wave of blocks mined on the ABC chain has managed to temporarily lift the BAB price back to 342 USD, the push was short-lived – as Bitcoin.com was speculated to be a temporary miner on the ABC chain and all the blocks to date were mined by Bitcoin.com, the early success of the chain was perhaps evaluated as artificial by the market. After 22:00 UTC Bitcoin ABC has managed to regain momentum as two new pools, BTC.com and AntPool, has joined the mining and managed to generate eight non-empty blocks within half and hour. These news alleviated the price from 300 USD to 311 USD. However, shortly afterwards these pools started mining empty blocks (22:50, 23:36, 0:28, 0:37). The market was very suspicious towards these events as it could perceive empty block mining as signals of an attack by the rival SV chain. Later on, almost every empty block mined on the chain has induced negative price reaction (see Chart). The Osiris Team has analysed 289 blocks mined on the ABC chain up until 13:06 UTC today (Source: blockchair.com). 286 of them were mined by well-known mining pools: Bitcoin.com (157, or 54.33%), BTC.com (60, or 20.76%), AntPool (47, or 16.26%), ViaBTC (17, or 5.88%) and BTC.TOP (5, or 1.73%). Out of those 289 blocks, 16 were empty. At the first glance, the majority (10) of these empty blocks were, suspiciously enough, mined by AntPool (21.28% of AntPool blocks on ABC chain are empty). This, coupled with the fact that Jihan Wu, one of the Bitcoin ABC project supporters, has recently lost executive power at the board of Bitmain, a mining company controlling AntPool (Source: cointelegraph.com), may signal AntPool is aiming at attacking the ABC chain. However, a closer look at the data does not support this claim. First, AntPool is not focusing on mining empty blocks precisely. It is focusing on mining SMALL blocks (average block size of 3.72 kB compared to 442.9 kB of Bitcoin.com or 368.17 kB of BTC.com). This is entirely consistent with the business model AntPool has been sticking with as early as 2017: AntPool does not process transactions that offer low fees to optimise their return on investment and, possibly, to drive the fees up and gain some market power (Source: bitcointalk.org). The data is also consistent with this explanation: among the mining pools, AntPool has by far the highest average fee per kB: 2.73 cents compared to 0.48 cents of Bitcoin.com and BTC.com (see Table below). This would not be the case if AntPool has empty block mining as its goal. Nevertheless, the market is still reacting negatively to empty block mining on the chain. Mining pool Total blocks mined on ABC chain Empty blocks mined on ABC chain Total fees collected (USD) Total block size (kB) Fees/kB (cents) Average block size (kB) AntPool 47 10 4.78 174.875 2.73 3.72 Bitcoin.com 157 5 332.32 69534.742 0.48 442.9 BTC.com 60 1 105.65 22090.094 0.48 368.17 BTC.TOP 5 0 3.59 343.949 1.04 68.79 Unknown miners 3 0 0.64 27.188 2.35 9.06 ViaBTC 17 0 12.50 3114.982 0.4 183.23 Total 289 16 459.48 95285.83 0.48 329.71 As for now, the block size is reducing on the SV chain and the ABC chain is decisively taking hold of the majority of the hash rate. Given the fact that both chains and their mining pools are mining at major losses (cointelegraph.com), large block sizes and frequent mining in the recent days may have been indeed artificial “warming-up” of the network in order to attract attention. In the longer run, the perspectives of the ABC chain seem more promising as it has already attracted “selfish” mining pools such as AntPool which is crucial for network functioning in the future. Moreover, BAB is probably currently underpriced at 255 USD due to high level of perceived risk around possible 51% attacks and empty block mining. If the ABC chain network manages to consistently control over 50% of hash rate, the price will go up. Therefore, Osiris Team concludes that BAB is by no means a safe, but a promising investment for a weekly investment horizon. Osiris Finance will resume its duties in forecasting the Bitcoin market from Monday. Stay in touch and good luck in your today’s trades! We are glad to receive any feedback here at TradingView.
B
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
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 are delighted to announce that we have recently included Bitcoin Cash (BCH) forecasts and trading algorithms into our systems and, in spite of recent events, it has been a profitable decision for the Osiris team. We are constantly working hard on improving our algorithms to deliver the best results achievable. The BTCUSD pair had been in a bullish trend since last week, although the price movement was insignificant. On October 29, the bears broke the $6,500 price level and the BTC price fell to the low of $6,330.10, to commence its bullish movement. The crypto's price is below the 12-day EMA and the 26-day EMA - a bearish trend. On the other hand, the Stochastic is in the range above 40 which indicates a buy signal and that the bulls are gaining momentum over the bears. The bottom line is that the price of Bitcoin will face resistance at the $6,600 price level. If the price breaks the $6,600 price level it is likely to reach the highs of $6,800 and $ 7,400. But if the price is repelled at the $6,600 price level; Bitcoin will find support at $6,200 or $6,000. (Source: www.cryptoglobe.com) Bitcoin Cash continued to surge over the weekend in anticipation of its upcoming hardfork, scheduled for November 15th. The value of BCH is now up 28% since the surge began on Friday, and has gone on to exceed monthly highs in the process. The source of the surge is widely believed to be the result of BCH holders hedging their bets in anticipation of the upcoming hardfork. When the hardfork hits just over a week from now, BCH holders will receive a new coin on a 1:1 ratio, and many who would not otherwise have bought BCH may now be buying in purely to take advantage of this scenario. With two competing improvement protocols being proposed by the Bitcoin Cash community, the wider cryptocurrency space will have to choose which one they support. This has been seen in multiple hardfork scenarios in the past – not least in the inception of Bitcoin Cash itself. Currently, the two protocols aiming for implementation are Bitcoin ABC, backed by BCH enthusiast and standard bearer, Roger Ver; and Satoshi Vision, backed by self-proclaimed Satoshi Nakamoto, Craig Wright. Binance and Bitcoin.com have both declared their support for the Bitcoin ABC version of the blockchain. Binance will facilitate the coin swap for BCH holders on its exchange, while Bitcoin.com’s wallet services and other features will also align with the Bitcoin ABC vision. (Source: hacked.com) The United States Securities and Exchanges Commission will be announcing their stance on the nine Bitcoin ETFs, which were previously rejected, after November 5, 2018. The commission has set the date as the deadline for reviewing the comments regarding the ETF. In the month of August 2018, the SEC had released a statement rejecting nine Bitcoin ETFs. This included Cboe BZX Exchange’s GraniteShares Bitcoin ETF; Granite Shares Short Bitcoin ETF; NYSE Arca Inc.; Proshares Bitcoin ETF; Proshares Short Bitcoin ETF; NYSE Arca Inc.; Direxion Daily Bitcoin Bear 1X Shares; Direxion Daily Bitcoin 1.25X Bull Shares; Direxion Daily Bitcoin 1.5X Bull Shares; Direxion Daily Bitcoin 2X Bull Shares, and Direxion Daily Bitcoin 2X Bear Shares. The main concern pointed out by the Commission for the rejection of the nine ETFs was the prevention of fraud and market manipulation. The NYSE Arca Inc. Bitcoin ETF had received 13 comments, out of which most of the comments were against the approval. The comments claimed the market to be manipulative and prone to Ponzi schemes, quoting the example of BitConnect, Kraken, one of the leading exchange platform, and the pump & dump schemes orchestrated on Telegram. (Source: ambcrypto.com) Crypto project Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users, as it builds on its already strong presence in the crypto dependent country. In an announcement released this week, the company said that Dash Text eliminates the need for Venezuelan users to possess smartphones and internet access to carry out crypto transactions, which has historically been a significant barrier to adoption in the impoverished country suffering from hyperinflation. Driven by several months of hyperinflation which have rendered the bolivar practically worthless, Venezuelans have increasingly turned to cryptocurrencies as a solution, as has been illustrated by a series of well-publicised incidents. Dash is looking to build on the success it has recorded in cashing in on the trend by targeting millions of Venezuelans who are not able to partake in the crypto economy because they do not own smartphones or they cannot access the internet. The solution to this problem was built in partnership with BlockCypher, which specializes in blockchain solutions and blockchain agnostic products that enable users to engage with multiple cryptocurrencies through one platform. (Source: www.ccn.com) We would like to inform you about our recent trading history. Our algorithms has been trading pretty actively during the weekends. First, the Osiris team bought BTC for 6,347.2 at 9:31 on November, 3 and sold for 6,359.8 at 12:07 later that day. Then, more BTC was bought for 6,358.1 at 15:07 and the position was closed for 6,379.9 at 21:07. After that, the Osiris team has bought BCH for 534.92 at 6:52 on November, 4 and sold for 560.80 at 15:26 later that day. Next, more BCH was bought for 559.00 at 20:07 and it was sold for 574.37 at 23:31 later that day. Finally, today at 9:07 we bought BTC for 6,450.0 and we are still holding it as for now. Overall, our trades has generated an astounding 8.30% return over the weekend. 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: 6468.20 Low: 6466.57 Close: 6466.57 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
3
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