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In the light of the recent run, Bitcoin is struggling to regain momentum. They continue to express the sideways sluggish movement that they have experienced since the beginning of October. A slight uptrend presented itself from the $6610 – $6700 mark for 4 days at the beginning of the month, quickly translating into downwards movement to the $6630 mark, later finding a bottom at $6316. There is also a prevalent downtrend in power since the 3rd, pushing the price down to the $6250 mark from $6440. There is a support at the $6250 level, with a broken support at $6445. This also marks a strong resistance at the $6700 mark. (Source: https://ambcrypto.com/bitcoin-btc-usd-an...)
Cryptocurrency exchange platform Coinbase is reportedly planning to remove its index fund, as it failed to generate enough interest from accredited investors, The Block Crypto reported on Thursday. The exchange first introduced the fund “equivalent to the S&P 500 index” this past June targeting clients wishing to invest a minimum of $250,000 to up to $20 million. The index fund service was a part of the company’s efforts to attract big institutional investors and was available to accredited investors only from the US. Still, it wasn’t able to receive enough interest. Moreover, after the fund was released, some investors showed concerns about the lack of support for multiple crypto assets as well as high fees. To address these complaints, the company expanded the list of tokens and minimized management fees by 50% to 1% a year. Now, Coinbase is going to focus on more casual investors with its new offering, called Coinbase Bundle. The product is similar to an index fund, but offers a bundle of digital currencies, which traders can purchase for as little as $25. (Source: https://www.coinspeaker.com/2018/10/12/c...)
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.
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.