Osiris_Finance

BTC 3-hour forecast. Machine learning.

BITFINEX:BTCUSD   Bitcoin
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.

This morning, it was reported that Bitcoin has surged over 10% in the past 24 hours, briefly surpassing the $7,000 mark according to data from CryptoCompare. The BTC price is also fluctuating rapidly as it’s trading at $6,698 at press time. As the bitcoin price surged, as usual - altcoins maintained their close price correlation with BTC, likely due to arbritrage bots - with Ethereum (ETH) up nearly 10% in the last 24 hours and currently trading at $219.00. (Source: www.cryptoglobe.com/...tether-usdt-selloff/)

During the wee hours of Monday morning, crypto assets saw a strong, but suspicious move to the upside, even though volumes continued to dwindle. As users took to internet sleuthing to determine the catalyst behind this influx, it immediately became clear that something was amok. More specifically, Bitcoin somehow eclipsed $7,200 on Bitfinex, Kraken, Binance, and OKEx, which are all platforms that support USDT, while Bitcoin only moved a tad above $6,700 on non-Tether-enabled platforms. To add to the confusion, Tether, which has held its $1.00 value for months on end, fell 6% below its normal rate, further supporting the theory that something wasn’t right with this latest spurt of price action. (Source: www.newsbtc.com/2018...ket-adds-20-billion/)

Ethereum’s enthusiasts have long been waiting for Constantinople hard fork, the biggest Ethereum network, to go live by the end of this year. However, the developers have made it clear that the plan would not be possible. On Friday, October 12, Ethereum software clients confirmed that the Constantinople hardfork was ready to be implemented on the Ropsten network in two days. On Sunday, the hard fork became active on the Ropsten, Ethereum’s main test network, at block 4,230,000. But not everything went smoothly. The problem was that the Ropsten network halted on the last block before the upgrade – 4,299,999, staying at that level for a while. According to Afri Schoedon, release manager for the ethereum client Parity, the reason of the upgrade stall was the absence of miners who were supposed to push the upgraded blockchain forward. Finally, the network got unstuck. However, there came a new issue to worry about. Zero transactions were recorded on the network. The consensus issue on Ropsten resulted in a three-way fork between Geth, Parity, and another Ethereum client. (Source: www.coinspeaker.com/...be-possible-in-2018/)

We are pleased to announce that our last trade with ETH went brilliantly well. The Osiris team bought ETH for 201.64 at 15:06, October, 14 and sold it later for 235.38 at 07:01, October, 15, generating us 16.83% return.

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: 6910.8
Low: 6861.7
Close: 6861.7

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.