BTC 3-hour forecast. Machine learning.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Dear colleagues and followers,

The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers.

Yesterday, we discussed that bitcoin price could face a solid resistance near $4,080 and $4,150 against the US Dollar . The BTC/USD pair recovered recently above the $3,920 resistance. There was even a break above the 50% Fib retracement level of the last slide from the $4,199 high to $3,737 low. However, the upside move was capped by the key $4,080 resistance area and the 100 hourly simple moving average . (Source: https://www.newsbtc.com/2018/12/05/bitco...)

Billionaire investor and venture capitalist Jim Breyer stated that despite a prolonged crypto “nuclear winter,” he still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Speaking at the 2018 Fortune Global Tech Forum in Guangzhou, China, Breyer noted that while these are testing times for the crypto investment space, such periods take place in cycles and the current cycle will eventually come to an end. In a session at the event, Breyer — who has investments in Ethereum and VeChain, as well as crypto startup Circle — referred to the ongoing market situation as an inevitable part of a market process that takes place roughly once every decade. According to him, despite the turmoil associated with crypto assets, blockchain technology has achieved a critical mass of mainstream research and adoption, which makes a future crypto market rebound a near certainty at some point in the future. (Source: https://www.ccn.com/bitcoin-nuclear-wint...)

On Tripio, a blockchain-based hotel booking platform, Binance Coin (BNB) users are now able to book 450,000 hotels and residential accommodations using the BNB crypto token. On December 4, Tripio officially announced a strategic partnership with Binance to enable more than 10 million active users in the Binance ecosystem to utilize BNB as one of the main currencies on the Tripio platform to process bookings. (Source: https://www.ccn.com/adoption-binance-use...)

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: 4022.77
Low: 3816.13
Close: 3816.13

It has been almost three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin ABC and Bitcoin SV . The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Yesterday, Bitcoin SV has managed to reduce the ABC advantage to 27 blocks. Coupled with the overall bearish market sentiment, that has decreased the BAB price to $137 levels. As for now, the ABC chain is still slightly ahead in terms of hash power (53%) and network's nodes (70%) (Sources: https://cash.coin.dance, https://blockchair.com/bitcoin-cash/bloc...). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 50% more profitable to mine on the original Bitcoin chain. Bitcoin ABC mining profitability, however, has also plummeted, now being 5% lower that that of the Bitcoin chain (nevertheless, it is still a 45% advantage compared to the rival SV chain). Bitcoin ABC miner composition remains less concentrated, with leading mining pools changing day by day. As for today, ViaBTC is the apparent leader, having mined 29.17% of recent blocks, followed by BTC .com with just below 19%. Bitcoin ABC is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool and okminer, the first four pools now consistently mining at least one block every day (Sources: https://cash.coin.dance/, https://blockchair.com/bitcoin-cash/bloc...), contributing to the overall more healthy and diverse environment of the ABC chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin ABC team. As for the SV chain, more than 40% of blocks are mined by a single Coingeek pool. Interestingly, BMGPool, previously cosistently contributing around 20% of the chain's blocks, has now apparently ceased its mining on the SV chain or at least severely scaled down its activities. These facts arguably continue to evidence that the Bitcoin ABC chain is comparatively more sustainable. In that regard, the Osiris team remains bullish on the BAB coin, despite recent performance leaves much to be desired.

Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
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