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: newsbtc.com/2018/11/21/bitcoin-price-watch-btc-usd-could-recover-toward-4800/)
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: ccn.com/binance-invests-3-million-in-us-crypto-trading-desk/)
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: livebitcoinnews.com/crypto-wont-be-used-for-another-three-five-years-says-bot-governor/)
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: fxstreet.com/cryptocurrencies/news/bitcoin-abc-becomes-bitcoin-cash-at-coinmarketcap-201811210644)
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.
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: newsbtc.com/2018/11/21/bitcoin-price-watch-btc-usd-could-recover-toward-4800/)
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: ccn.com/binance-invests-3-million-in-us-crypto-trading-desk/)
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: livebitcoinnews.com/crypto-wont-be-used-for-another-three-five-years-says-bot-governor/)
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: fxstreet.com/cryptocurrencies/news/bitcoin-abc-becomes-bitcoin-cash-at-coinmarketcap-201811210644)
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.
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