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.

This morning, it was reported that during the past few sessions, there was hardly any action above $6,500 in bitcoin price against the US Dollar . The BTC/USD pair consolidated below the $6,500 and $6,520 resistance levels. Earlier, a low was formed at $6,349 before the price corrected higher. It traded above the $6,460 level, but it struggled to clear the $6,500 and $6,520 resistance levels. Moreover, there was no close above the 23.6% Fib retracement level of the last slide from the $6,830 swing high to $6,349 low. (Source: https://www.newsbtc.com/2018/10/17/bitco...)

The recent news of Fidelity entering the cryptocurrency space has sent shockwaves throughout the industry with many claiming this move to be a catalyst towards mass adoption. In a recent interview with Bloomberg, an official from Fidelity spoke about the company’s entry into the digital asset market and gave his two cents on the institutional investor scene in the cryptocurrency space. The official stated that Fidelity, which is originally an asset management organization, has been doing research on cryptocurrencies such as Bitcoin since 2014. He was candid in stating that the company wanted to draw out a full-fledged plan before venturing into the space. According to him, Fidelity aims to provide various bodies and individuals the tools to manage the cryptocurrency space. He further added: “The cryptomarket had zero interest a couple of years back but now you can clearly see the boom. The scene is changing dramatically enabling an industry heavily skewed towards retail investors to be open to even institutional investors. We have served over 13000 financial institutions and the learnings from all that allowed us to create a model that was conducive for growth.” (Source: https://ambcrypto.com/bitcoin-btc-and-ot...)

Barely a week after adding support for the 0x Protocol token (ZRX) on its professional investor platform, crypto exchange Coinbase is enabling full trading for retail investors. The exchange announced Tuesday that coinbase.com, Android and iOS app users would be able to trade, buy, sell or store ZRX, after initially announcing that Coinbase Pro would support the token on October 11. ZRX is the first ERC-20 token to be listed by the exchange. (Source: https://www.coindesk.com/coinbase-now-le...)

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: 6768.1
Low: 6677.6
Close: 6702.8

According to our machine learning models, the system has recommended not to trade 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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