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.
Yesterday, we saw a minor upside correction from the $4,038 swing low in bitcoin price against the US Dollar . The BTC/USD pair climbed higher and broke the $4,220 and $4,350 resistance levels. The price also succeeded in clearing the 50% Fib retracement level of the last drop from the $4,765 swing high to $4,038 low. It opened the doors for more gains and the price moved above the $4,500 resistance. (Source: https://www.newsbtc.com/2018/11/22/bitco...)
KPMG, the Netherlands-based Big Four auditor, released a report on November 15 that reveals their incredibly case for cryptocurrencies. The report, titled “Institutionalization of Cryptoassets,” is 42 pages long and goes in depth on the key challenges facing cryptocurrencies, and why digital assets are a force to be reckoned with. It also has a strong focus on the institutionalization of crypto assets, explaining how and why institutions will enter the highly lucrative cryptocurrency asset class. Right off the bat, the KPMG report opens with a segment titled “Crypto assets are a big deal.” The section goes on to explain the parabolic rise cryptocurrencies had in 2017 and how they dwarfed traditional asset markets. (Source: https://www.investinblockchain.com/kpmg-...)
Bitcoin miners around the world have been wrestling with a huge cryptocurrency sell-off that has wiped 30% from Bitcoin's value in seven days, and now Norway's Bitcoin miners are facing a further blow after the country's government moved to end electricity subsidies for Bitcoin and crypto miners. From January, 2019 Bitcoin miners in Norway will have to pay normal electricity tax in the country, after their discount was removed in the state budget agreement, local media has today reported. (Source: https://www.forbes.com/sites/billybambro...)
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.
Due to the high on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ( BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by .
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.