The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers.
Recently, Bitcoin price formed a decent support near the $3,880 level and climbed higher against the US Dollar . The BTC/USD pair traded higher and broke the $4,000 and $4,120 resistance levels. However, the price failed to settle above the $4,300 resistance and declined again. A high was formed at $4,286 and the price traded below the 100 hourly . (Source: https://www.newsbtc.com/2018/12/03/bitco...)
Recently Coinbase has been making some stealth-like moves in the industry. After launching its OTC trading desk for institutional customers without a big announcement, the exchange has now quietly added free PayPal withdrawal facilities for its users. The option itself is available only to a handful of users based in the US, European Union, UK, and Canada. Local wallet services are available only for USD, EUR, and GBP users. However, this move indicates, that AUD or CAD may also be added to the wallets soon. Users in Australia and Canada have not been provided the facility to withdraw directly to their PayPal accounts. However, they can directly sell their digital assets to AUD or CAD, which was previously not available in these regions.(Source: https://blokt.com/news/coinbase-adds-fre...)
All G20 leaders signed a joint declaration on Saturday following their summit in Buenos Aires, Argentina, pledging, among other things, to develop a regulatory framework for cryptocurrencies in accordance with Financial Action Task Force (FATF) standards. During the previous summit in July 2018, the group postponed the decision on anti-money laundering measures related to cryptocurrencies until the results of the FATF standards review were received. At their latest gathering, the G20 leaders acknowledged the necessity of deploying all available political tools to promote global growth, paying special attention to cryptocurrencies and the “digitalization" of the global economy. The declaration states that digital assets regulation is intended to support "an open and resilient financial system, grounded in agreed international standards," which is, in turn, necessary for sustainable economic growth. To achieve this, the politicians have agreed to create a crypto regulatory policy compliant with the standards of FATF, an inter-governmental body created in 1989 to set and promote standards for dealing with money laundering, terrorist financing, and other issues that pose a threat to the global financial system. (Source: https://cryptovest.com/news/g20-leaders-...)
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.
It has been almost three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin 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. As for now, the Bitcoin SV chain is slightly ahead in terms of hash power (54%) while the chain has a 14-block advantage and controls 71% 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 90% more profitable to mine on the original Bitcoin chain. Bitcoin is still securing a modest advantage in terms of mining profitability, fluctuating from 3% to 20% depending on the hash rate and BAB price (as for now, it has a 6.3% advantage as compared to Bitcoin and 97% advantage compared to the rival SV chain). Bitcoin miner composition remains less concentrated, with leading mining pools changing day by day. As for today, BTC .com has mined over 36% of the blocks, followed by BTC .top with almost 16% of blocks. Bitcoin is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus and okminer, the first three 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 chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin team. As for the SV chain, more than 85% of blocks are mined by four pools: SVPool, Coingeek, BMG Pool and Mempool. These facts arguably continue to evidence that the Bitcoin chain is comparatively more sustainable. In that regard, the Osiris team remains on the BAB coin.
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