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.
After a long struggle to break the $6,600 resistance, bitcoin price declined recently. The price declined below the $6,560 support level, but downsides were limited by another important support around $6,460. The pair found a strong resistance near the $6,650 and $6,600 levels. As a result, there was a downside reaction below the $6,560 support and the 25 simple moving average. The decline was such that the price traded close to the key support at $6,460, which was a resistance earlier. It acted as solid support and prevented more losses. There is also a connecting bullish trend line in place with support at $6,470. (Source: blockonomi.com/bitco...ysis-strong-support/)
According to the recent news, a new stablecoin will be launched on the Stellar blockchain that is pegged to the Australian Dollar. It will keep its value in a manner similar to how traditional stable coins have used the USD as reference as well as being backed by the fiat currency. In this case, the new stablecoin by Novatti Group, will also be backed by the Australian Dollar. The new stablecoin joins a budding list of other stablecoins such as Circle’s USDC, Huobi’s HUSD, Tether, TrueUSD, Paxos Standard Dollar and the Gemini Dollar. (Source: ethereumworldnews.co...stralian-dollar-aud/)
Tether Ltd., the company behind the controversial USDT stable coin recently announced the burning of 500 Million Tether tokens. Tether Ltd. published a press release with no further details on the reasons behind the token burn. However, they were emphatic in mentioning that the USDT Whitepaper clearly describes the redemption process in which tokens are burned once users decide to change the stable coin for fiat money. Despite Theter’s efforts to demonstrate its transparency, many analysts vehemently voiced their mistrust. One of the clearest examples is the Bitfinex’ed campaign, which questioned the hodlers’ ability to effectively swap their tokens for fiat, warning that whatever Tether did could be a shady business move. The community’s reaction to the announcement remains mixed. (Source: ethereumworldnews.co...al-supply-500m-usdt/)
The Financial Services Agency of Japan has formally approved the Japan Virtual Currency Exchange Association (JVCEA), which gives the latter the mandate to set and enforce its own rules and allow for self-regulation of crypto businesses and firms. This is according to an announcement posted on the FSA website on Wednesday where the FSA said it has now allowed the association to function as a "certified fund settlement business association." This categorization means it can now set operational rules, standards and procedures for digital currency exchanges operating in the country. It can also take action against any exchange that violates these policies. And since FSA is interested in protecting customers and ensuring digital currencies and platforms are not used for money laundering, fraud, funding terrorism and other crimes, members of the association may also self-regulate with regard to these issues. (Source: www.cryptomorrow.com...ms-to-self-regulate/)
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: 6558.81
Low: 6503.06
Close: 6529.24
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.
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.
After a long struggle to break the $6,600 resistance, bitcoin price declined recently. The price declined below the $6,560 support level, but downsides were limited by another important support around $6,460. The pair found a strong resistance near the $6,650 and $6,600 levels. As a result, there was a downside reaction below the $6,560 support and the 25 simple moving average. The decline was such that the price traded close to the key support at $6,460, which was a resistance earlier. It acted as solid support and prevented more losses. There is also a connecting bullish trend line in place with support at $6,470. (Source: blockonomi.com/bitco...ysis-strong-support/)
According to the recent news, a new stablecoin will be launched on the Stellar blockchain that is pegged to the Australian Dollar. It will keep its value in a manner similar to how traditional stable coins have used the USD as reference as well as being backed by the fiat currency. In this case, the new stablecoin by Novatti Group, will also be backed by the Australian Dollar. The new stablecoin joins a budding list of other stablecoins such as Circle’s USDC, Huobi’s HUSD, Tether, TrueUSD, Paxos Standard Dollar and the Gemini Dollar. (Source: ethereumworldnews.co...stralian-dollar-aud/)
Tether Ltd., the company behind the controversial USDT stable coin recently announced the burning of 500 Million Tether tokens. Tether Ltd. published a press release with no further details on the reasons behind the token burn. However, they were emphatic in mentioning that the USDT Whitepaper clearly describes the redemption process in which tokens are burned once users decide to change the stable coin for fiat money. Despite Theter’s efforts to demonstrate its transparency, many analysts vehemently voiced their mistrust. One of the clearest examples is the Bitfinex’ed campaign, which questioned the hodlers’ ability to effectively swap their tokens for fiat, warning that whatever Tether did could be a shady business move. The community’s reaction to the announcement remains mixed. (Source: ethereumworldnews.co...al-supply-500m-usdt/)
The Financial Services Agency of Japan has formally approved the Japan Virtual Currency Exchange Association (JVCEA), which gives the latter the mandate to set and enforce its own rules and allow for self-regulation of crypto businesses and firms. This is according to an announcement posted on the FSA website on Wednesday where the FSA said it has now allowed the association to function as a "certified fund settlement business association." This categorization means it can now set operational rules, standards and procedures for digital currency exchanges operating in the country. It can also take action against any exchange that violates these policies. And since FSA is interested in protecting customers and ensuring digital currencies and platforms are not used for money laundering, fraud, funding terrorism and other crimes, members of the association may also self-regulate with regard to these issues. (Source: www.cryptomorrow.com...ms-to-self-regulate/)
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: 6558.81
Low: 6503.06
Close: 6529.24
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.