Osiris_Finance

BTC 3-hour forecast. Machine learning.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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: https://usethebitcoin.com/bitcoin-price-...)
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: https://dailyhodl.com/2018/10/18/sec-lau...)

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: https://dailyhodl.com/2018/10/18/goldman...)

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: https://cointelegraph.com/news/bitcoin-h...)

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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out