We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable.
Recently, bitcoin price started a short term upside correction from the $3,295 low against the US Dollar . The BTC/USD pair traded above the $3,400 resistance and the 100 hourly . Besides, there was a break above the 23.6% Fib retracement level of the last decline from the $3,635 high to $3,295 low. The price succeeded in clearing a major with resistance at $3,400 on the hourly chart. (Source: https://www.newsbtc.com/2018/12/13/bitco...)
Cryptocurrency gained 17 million “verified users” this year, according to a study published by the Cambridge Centre for Alternative Finance Dec. 12. According to the study, data show that in the first three quarters of 2018 the number of ID-verified cryptocurrency users nearly doubled, climbing from 18 million to 35 million.According to a Bloomberg analysis of the study, the growth of the user base this year while crypto markets decline “could signal that an eventual recovery could be coming.” The analysis further notes that “most users are likely still speculators and long-term investors.” In terms of breaking down who is investing in crypto, the Cambridge research team also claims that the data “indicates that the majority of users — both established as well as new entrants — are individuals and not business clients.” Those individuals, the document explains, could be “hobbyist retail investors, consumers, or users seeking a better investment or payment alternative.” (Source: https://cointelegraph.com/news/number-of...)
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.
It has been more than three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin and Bitcoin SV. The respective coin prices have relatively stabilised, and the reactions to relative hash rates is not as pronounced as it used to be historically, with BAB and BSV now responding to the overall market movements to the greater extent than they do to idiosyncratic coin-related technical news. Bitcoin is currently in the lead again with single block advantage. and SV coins are traded at $97 and $85, respectively, the latter taking a greater hit today. The trading patterns for both coins have been maturing slowly, which implies both lower and lower growth potential. As for now, the SV chain has a substantial advantage in terms of hash power (64%), however the chain is still controlling 55% of the network’s nodes (Sources: https://cash.coin.dance, https://blockchair.com/bitcoin-cash/bloc...). The mining profitability of Bitcoin SV has remained quite low for a week now, 27.6% below the original Bitcoin chain. Bitcoin mining profitability is somewhat stable now being 3.2% higher than that of the Bitcoin chain (a 31% advantage compared to the rival SV chain). Bitcoin miner concentration has slightly dropped today, still remaining above historical averages however ViaBTC has generated over 32% of the chain’s blocks, followed by Bitcoin .com with 26.39%. Bitcoin is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool and okminer, the first six pools now consistently mining at least one block every day (Sources: https://cash.coin.dance/, https://blockchair.com/bitcoin-cash/bloc...). Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool dropping out of radar again with less than 5% today. The Osiris team might reconsider its buy-and-hold profile for BAB in the nearest future, still opting however to hold the coin as for now.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.