BTC 3-hour forecast. Machine learning.

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

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.

The Bitcoin price in the late part on Tuesday was holding modest gains. The bulls further held ground, following the chunky advances in the prior session, Monday. BTC/USD price action has been moving within a narrow range block since 7th December. The lower part of this range seen around $3100, the high up at $3600. This range must be broken for further committed direction. The bulls will need to breakdown the upper part of the mentioned range, around $3600. Should they be successful in doing this, it will likely ignite a large wave of buying pressure. This could very well see the price flying back towards $4500. A failure, however, would likely result in a retest of $3100 bottom, a breach here could be catastrophic (Source: https://www.fxstreet.com/cryptocurrencie...).

According to recent research by Bloomberg, stablecoin Tether really does have fiat reserves equal to the value of tokens in circulation. Citing “bank statements” it had “reviewed,” the publication became the latest source to add fuel to the controversy surrounding Tether, which has raged online since a series of legal tussles and banking reshuffles began last year. According to the statements, Tether, which issues and notionally backs up each unit of USDT with $1, had a combined fiat bank balance equal to or even higher than circulating USDT from September 2017 to July 2018, the latest month for which information was available. Designed to be pegged at 1:1 with USD, USDT has seen considerable fluctuations in recent months. The company, along with cryptocurrency exchange Bitfinex both received subpoenas from United States authorities at the end of 2017, to which a price manipulation probe was added last month (Source: https://cointelegraph.com/news/tether-ba...).

A Bitcoin community group is encouraging investors to temporarily remove all of their assets from any and all third party services – from centralized exchanges to custodial wallets. It’s the crypto equivalent of a run on the banks. Known as Hodlers of Last Resort, they have asked users to withdraw their cryptocurrencies on January 3rd, the tenth anniversary of Bitcoin’s Genesis block. The movement wants the sector to remember what cryptocurrencies are supposed to be all about by carrying out an event described as “the ultimate stress test.” If successful, it may pose as a solvency risk for some cryptocurrency exchanges (Source: https://cryptobriefing.com/proof-of-keys...).

According to a recent report, Malta, the so-called ‘Blockchain Island’ is about to have a blockchain bank. The new bank is expected to carter not only for the needs of blockchain focused individuals and companies, but that of high net-worth individuals who are previously having problems moving their money around quickly and easily. This blockchain bank initiative is a brainchild of RnF Finance Limited, a Malta-based blockchain-focused Fintech company. According to the founder and CEO of RnF, Roderick Psaila, the company has already filed for licensing in order to function as a credit institution with the Malta Financial Services Authority (Source: https://coindoo.com/malta-set-to-launch-...).

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.

High: 3607.45
Low: 3480.38
Close: 3570.48

It has been a month since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC 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. This has led some analysts to again proclaim that “the has war is over” (Source: https://www.coindesk.com/exchanges-start...). Bitcoin ABC has made a major leap during the last three days, now having a solid 48-block advantage. ABC and SV coins are currently traded at $101 and $82, respectively, BAB being one of the biggest gainers of the recent bullish wave. The ABC chain has managed to break ahead in terms of hash power (61%) while still maintaining the control over 53% 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 couple of weeks, now being 16.1% below the original Bitcoin chain. Bitcoin ABC mining profitability is now 3.1% lower than that of the Bitcoin chain (a 13% advantage compared to the rival SV chain), probably due to the recent spike in mining activity and increased competition. Bitcoin ABC miner concentration has slightly dropped on Saturday and has been comparable to historical averages since. Today the leader is BTC .com with 24.31% of the chain’s blocks, followed by ViaBTC with 21.53%. Bitcoin ABC is continuing to attract consistent mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool, CKPool and okminer (Sources: https://cash.coin.dance/, https://blockchair.com/bitcoin-cash/bloc...). Regarding the SV chain, the mining activities are dominated by SVPool, Coingeek, BMG Pool and Mempool, recovering to over 16% after dropping to just above 2% on Saturday. The Osiris team is delighted with the recent BAB growth and is awaiting further price movements to evaluate possible trading opportunities.

Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
Thanks for the detailed info! Going to have to look more into that Jan 3rd scenario!
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