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BTC is in a on the medium-term outlook. The Bulls return to the BTC market was noticed on October 31, when a strong candle, formed at the $6,208 price level below the of $6,286 closed above the 21-day which act as a dynamic . The market has been making “Higher Lows” (HL) and “Higher Highs” (HH) as one of the characteristics of an uptrend market. It was yesterday at the opening of the market, confirmed by the formation of a strong candle at the of $6,439 before it started consolidation below the of $6,509. Today, the market is ; it is to retest the broken level so as to continue its uptrend unless the uptrend line is broken downside. In case the bears were able to push the BTC price to break the of $6,439 and the downside then, BTC will find its low at $6,356 , but should the of $6,439 hold and the price bounce; BTC price will find its high at the of $6,509. BTC price is above the 21-day and 50-day indicating uptrend movement. However, the Oscillator period 14 is above 40 levels which indicates a sell signal. (Source: https://zycrypto.com/bitcoin-price-analy...)
Recently, Poloniex has announced it will be the first cryptocurrency exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid an ongoing debate over the technology's roadmap. Starting Wednesday night, Poloniex, operated by Goldman Sachs-backed startup Circle, revealed it will begin offering customers the option to buy bitcoin cash (BCHABC) and bitcoin cash SV (BCHSV) trading tokens. This is the first time Poloniex has offered trading pairs for a crypto asset prior to a possible fork, a move it says is part of a wider strategy to increase the company's customer experience. In the message, the exchange stressed its intention to remain neutral during the split in order to allow the community to decide which blockchain it will support, demonstrated through advanced trading activity. It also stated that it would be evaluating each hard fork individually to decide whether to support the fork or continue pre-fork trading. Pre-fork trading has been made available for USDC/BCHSV and USDC/BCHABC as well as bitcoin trading pairs. Customers will also be able to convert their BCH into an equivalent amount of BCHABC and BCHSV and vice versa if they wish to withdraw funds, but they will not be able to withdraw BCHABC and BCHSV ahead of the fork. The exchange plans to continue supporting trading for both bitcoin cash and SV after the planned fork on Nov. 15. (Source: https://www.coindesk.com/crypto-exchange...)
Cryptocurrency traders in France are expected to start enjoying a lesser tax burden from early next year. The country’s legislators plan to pass an amendment bill that will induce a lower tax rate. Reuters reported that lawmakers in the lower house of parliament in Paris had adopted an amendment to the next budget bill that will cut capital gains tax on cryptocurrency sales to 30% from 36%. The same rate applies to many other financial in the country. Even so, it is still too early to start celebrating because members of parliament in both the lower and the upper house need to approve it. The MPs will discuss the proposed amendments in the next few days. If passed, the proposed rate will come into effect on the 1st of January 2019. This is the latest in a series of policy decisions taken by the Emmanuel Macron administration to create a legal, regulatory framework for blockchain startups. (Source: https://coindoo.com/french-government-to...)
The U.S. Securities and Exchange Commission has taken its first enforcement action against a cryptocurrency exchange, resolving allegations against the founder of a digital trading platform accused of failing to register his company with the agency. Zachary Coburn’s EtherDelta marketplace executed more than 3.6 million orders for certain tokens without registering as a an exchange, the SEC said in a statement Thursday. Without admitting or denying the findings, he agreed to pay a $75,000 fine as well as $313,000 in disgorgement and interest. Coburn’s cooperation helped him win a lower fine, the SEC said. (Source: https://www.bloomberg.com/news/articles/...)
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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