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.

There was yet another rejection noted around the $6,450 resistance area in bitcoin price against the US Dollar . The BTC/USD pair traded as high $6,460 and later started a downside correction. The price dipped below the $6,420 and $6,400 supports along with the 100 hourly simple moving average . It traded as low as $6,390 and later recovered a few points. Buyers pushed the price above the $6,410 level and the 100 hourly SMA . (Source: https://www.newsbtc.com/2018/10/22/bitco...)

The parent company of the New York Stock Exchange, Intercontinental Exchange , has announced the launch date for Bitcoin futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. Per the document, ICE will list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018. The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains: “Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.” The announcement is backed by a previous statement in September that the company’s “first contracts will be physically delivered BTC futures contracts versus fiat currencies” against U.S. dollars, pounds sterling, and euro . As previously reported, Bakkt will not support margin trading for its BTC contract. By refraining from allowing for margin, leverage and cash settlement, the platform will reportedly better support market integrity and enable the “trusted price formation” that it says is the key to “advancing the promise of digital currencies.” (Read more: https://cointelegraph.com/news/nyse-pare...)

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: 6608.6
Low: 6544.8
Close: 6563.8

According to our machine learning models, the system has recommended to buy and hold within this three-hour period.

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


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