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After a decent 30% move this week, Bitcoin price extended above the 200-MA and the 23.6% Fib retracement level to reach $4,172 twice. The current rally appears to have reached a point of exhaustion and bitcoin is pulling back from its high at $4,172. The pattern of lower lows had been broken but the sharp upward move is still entirely indicative of a trend change as the current range is still far removed from where bitcoin was trading a month ago. The weekly chart shows that the downtrend is still in full effect. Early birds might keep watch for a daily higher low and higher high to follow through on the 4hr chart. (Source: https://bitcoinist.com/bitcoin-price-ana...)
Intercontinental Exchange , the parent company of the New Stock Exchange, is likely to delay the launch of Bakkt, its bitcoin futures trading and custody platform, a second time, CoinDesk has learned. The company last set Jan. 24 as the launch date. However, ICE has yet to receive the necessary approvals from the U.S. Commodity Trading Commission, and at the pace the agency has been moving, it is unlikely that approvals will be secured in time to hit that target. To be clear: That does not mean the CFTC won’t ultimately approve the plan. A person familiar with the agency’s inner workings said even a Jan. 30 launch was still plausible, meaning the delay could be just a matter of days. Specifically, the CFTC must grant an exemption for Bakkt’s plan to custody bitcoin on behalf of its clients in its own “warehouse,” according to sources familiar with regulatory discussions of the plan. CFTC regulations normally require that customer funds be held by a bank, trust company or commission merchant. The agency’s staff has finished reviewing Bakkt’s exemption request and passed it to the commission on Friday, one source said. Now the commissioners have to vote on whether to put out the proposal for public comment. After the 30-day comment period, the commissioners would likely take at least a couple days to read the comments, and then vote on the proposal itself. (Read more: https://www.coindesk.com/launch-of-bakkt...)
SBI Holdings’ cryptocurrency exchange of VCTRADE has announced that the platform will now be accepting deposits from its customers for the digital assets of XRP, Bitcoin and Ethereum . Deposits will be functional effective today, December 21st. The team at the exchange made the announcement via twitter and on the news section of the VCTRADE website. The announcement – translated from Japanese – went on to state the following: will begin providing virtual currency receipt service from December 21, 2018. In this way, we will receive XRP, Bitcoin and Ethereum from the virtual currency handled by the Company from Wallet etc of another virtual currency exchange trade. (Read more: https://ethereumworldnews.com/sbis-vctra...)
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.
Thank you for staying in touch and good luck in your today's trades!