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The BTC/USD pair has negated the losses made during yesterday’s trading session. The pair found a strong intraday at 6372-fiat, just ahead of testing the lower of the introduced in the previous analysis. It reversed from the said level to retest its interim resistance at 6421-fiat. The formation is also signaling further upside action. The hourly signals are turning more as BTC/USD continues to trend above its 100- and 200-period simple moving averages. At the same time, the is also reversing to the north from its current neutral area, hinting a possibility of a strong push towards the overbought region. The Oscillator movements are also biased towards the north, moving right towards the area defined by strong buying sentiment. The upside bias nevertheless remains capped by a medium-term descending . A break above it could bring BTC/USD inside a bull trap. But, an extended momentum that takes the pair above 6810-fiat could confirm a medium-term upside sentiment in the market. (Source: https://www.ccn.com/bitcoin-price-crypto...)
According to the recent news, BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close “indefinitely” at the end of this month, a statement from the firm confirmed Nov. 6. BTCC Pool, which began mining activities in 2014, is shutting down due to unknown “business adjustments,” the company wrote, without giving details about the circumstances that led to the decision. Concluding its outlook for the market, BTCC nonetheless expressed a sense of optimism, hinting that the decision to close down was not strictly permanent. (Source: https://cointelegraph.com/news/mining-po...)
Bitcoin Cash is facing a potential hash war between backers of the and SV implementations, possibly resulting in disruption or even a chain split. The contention lies between two competing implementations of Bitcoin Cash: Bitcoin , which intends to implement a variety of improvements to the network, and Bitcoin SV, which focuses on a more streamlined approach and a significantly increased block size. SV is mainly backed by nChain and CoinGeek, while counts support from Bitcoin .com, Coinbase, Binance, and variety of others. The community remains split, and according to Coin Dance’s tally of company support, the roadmap appears to be ahead. In terms of mining hashpower, however, outcome is less certain, with CoinGeek and SVPool comprising nearly 30% of the last 24 hours’ blocks. (Source: https://www.dashforcenews.com/upcoming-b...)
A Swiss company, Alprockz AG, has developed the cryptocurrency ROCKZ, and says it is the first coin paired to one of the most stable fiat currencies in the world — the Swiss Franc . According to the company, it has already partnered with Geneva Swiss Bank - GSbanque. The team calls the product “the most reliable and predictable crypto cash”, and claims they created the “world’s most bulletproof cryptocurrency.” The new coin can be used for money transfers, storing assets and for online payment methods like PayPal. This new Ethereum blockchain-based cryptocurrency ROCKZ (RKZ), will be backed by the Swiss national currency, the Franc, at the rate of 1:1. The company has also developed a platform to exchange and store ROCKZ, and this platform supports the delivery of the coin and its fiat equivalent to the tokens’ holders. The platform is scheduled to be released in November 2018 after completion of internal testing. In order to guarantee the worth of the new token with fiat money, the company says it will reserve 90 percent of its own funds in CHF, in a high-security Swiss bank storage. The other 10 percent will help secure the new token’s liquidity and will be stored in different banks in Switzerland. The company emphasizes that they are creating “a new form of money.” “Users holding RKZ own the underlying asset, not us, not the banks,” says Alprockz AG. (Source: https://cointelegraph.com/news/worlds-mo...)
We would like to inform you about our recent trading history. The Osiris team bought BTC for 6,450.0 at 9:07 on November, 5 and sold for 6,500.0 at 9:58 on November, 6. This trade has generated us 0.78% return.
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.
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