BTC 3-hour forecast. Machine learning.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Bitcoin has recently broke out of a falling wedge pattern, but bulls lack vigour and strength to capitalise on this breakout. End result - BTC is going back towards the breakout trendline and perhaps below it. BTC/USD is trading in less than half a percent range for the day due to lack of volumes and volatility in a crypto that should be high on volumes after breaking out of falling wedge . Key support for the bulls to rely on, now is the very trendline support, placed at $6,233, break of which will be termed as a failed breakout while also risking in prices going below psychologically important $6,000 mark. (Source: https://www.fxstreet.com/cryptocurrencie...)

The German Federal Financial Supervisory Authority (BaFin) has ordered partial cessation of activities by U.K.-based crypto-related firm Finatex Ltd., according to an official announcement published on BaFin’s website on Friday, Nov. 9. According to the BaFin’s notice, reportedly dated Oct. 2, Finatex Ltd. is ordered to “immediately” stop offering cross-border proprietary trading on its trading platform, Crypto-Capitals. According to BaFin’s announcement friday, the firm must cease trading since its activity is not approved by German financial legislation, including the German Banking Act. In a short description of the company’s activities, the financial regulator noted that Crypto-Capitals offers “options, contracts for difference (CFDs) on shares, indices, currencies and commodities .” In turn, the company positions itself as a “premium cryptocurrency trading platform operator.” The firm also evidently does not possess an account on any of the social networks listed on its website. (Source: https://cointelegraph.com/news/german-fi...)

Brendan Eich, creator of the Brave browser and the Basic Attention Token (BAT), has dropped hints that a major content publishing website is in talks to adopt BAT usage and payments. The Brave browser is designed both to block the vast majority of “abusive and dangerous” advertisements and trackers, while simultaneously providing a platform for direct advertising and payments to users, as well as direct funding of content creators from users and advertisers via BAT. The mention came as Eich was discussing the potential of BAT to provide two revenue streams to online publishing platforms; both from ad revenue, and from “a lightweight, low-friction, user-pays model” - micropayments for individual pieces of content (payments “by the yard”) instead of paying for general access, so as to avoid “cross subsidization” (overpaying for too much content that will never be viewed). Such micropayments constitute a “found-money effect,” a revenue source that was not previously possible or viable with fiat money. (Source: https://www.cryptoglobe.com/latest/2018/...)

Uzbekistan has announced plans to implement arbitration mechanisms to resolve disputes in the cryptocurrency space. A new presidential decree mandates the establishment of a body of arbitrators that will deal with cases involving entities from various jurisdictions. Tashkent International Arbitration Center (TIAC) will operate under the Chamber of Commerce and Industry of Uzbekistan. According to the document signed by President Shavkat Mirziyoyev, the platform will be used to settle disagreements over investments, intellectual property and crypto-related technologies. TIAC will abide by international arbitration standards as it will review disputes between not only local companies but also entities registered in other countries. It will apply domestic as well as foreign law, if the sides agree on that. Both Uzbekistani citizens and qualified experts from abroad can be appointed as arbitrators. (Source: https://news.bitcoin.com/uzbekistan-sets...)

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.

High: 6449.70
Low: 6428.08
Close: 6441.33

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.


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