Osiris_Finance

BTC 3-hour forecast. Machine learning.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Dear colleagues and followers,

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.

Recently, there was an increase in selling pressure on bitcoin price below the $4,000 level against the US Dollar . The BTC/USD pair failed to break the $4,000 and $4,020 resistance levels. It declined below the $3,730 swing low and settled below the 100 hourly simple moving average . The decline was such that the price traded to a new low near the $3,630 level. Later, buyers protected more declines and pushed the price back above $3,730. (Source: https://www.newsbtc.com/2018/12/06/bitco...)

Bitcoin scam ads, luring Facebook users with promises of riches using binary trading platforms, continue to plague the social network, which is still battling against waning investor confidence after a myriad of scandals over the last two years. Despite the recent fall in the Bitcoin price, scammers are using the cryptocurrency to tempt Facebook users into get rich quick schemes that claim to guarantee huge payouts in exchange for a small "investment." (Source: https://www.forbes.com/sites/billybambro...)

Crypto holders from Denmark can now use their Bitcoins again at Hungry. dk to order online takeaway from over 1,500 restaurants. The fact that Hungry. dk accepts Bitcoin payments isn’t new since they were offering the service as far back as 2014. However, as explained to Bitcoinist by a Hungry. dk representative: "We have accepted Bitcoins as a payment method for quite some time. We decided to remove the feature temporarily last year though because the average transaction time took too long, and the experience wasn’t the best. The problems have since been solved, and we have added the option again… Hungry. dk handle the payment, so you will always be able to use Bitcoins with all the restaurants currently found on Hungry.dk" (Source: https://bitcoinist.com/hungry-dk-denmark...)

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: 4018.13
Low: 3730.54
Close: 3889.75

It has been almost three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV. The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Just recently, Bitcoin SV has managed to shoot ahead and, as for now, has a minor 2-block advantage. This has further decreased BAB price to below-120$ levels. As for now, the SV chain is leading in terms of hash power (63%), however the ABC chain is still controlling 72% of the network’s nodes (Sources: https://cash.coin.dance, https://blockchair.com/bitcoin-cash/bloc...). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 63% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability is somewhat stable now being 5% higher than that of the Bitcoin chain (a 68% advantage compared to the rival SV chain). Bitcoin ABC miner concentration has increased slightly, perhaps as a response of ABC chain supporters to the move made by the rival chain. As for today, ViaBTC is the apparent leader, having mined 31.94% of recent blocks, followed by BTC .com with slightly above 19%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, okminer and Multpool, the first four pools now consistently mining at least one block every day (Sources: https://cash.coin.dance/, https://blockchair.com/bitcoin-cash/bloc...), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. The concentration of the SV chain has remained unchanged, with Coingeek, SVPool and Mempool in the apparent lead. Today it is evident that BMGPool, previously cosistently contributing around 20% of the chain's blocks, has severely scaled down its activities, supporting yesterday’s speculations. These facts arguably continue to evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the BAB coin, despite recent performance leaves much to be desired.

Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
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