Dear colleagues and followers,
We at Osiris Finance are delighted to see you being interested in our posts and forecasts and would like to thank you for all your interaction and feedback. We are working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research.
According to the recent news, after a sharp upside move above the $295, ETH faced sellers against the US Dollar. The ETH/USD pair topped near the $300-301 zone and later it started a downside move. The price declined sharply and broke many supports near the $290 and $280 levels. There was even a break below the $268 low and sellers pushed the price below the $265 level. It traded as low as $259.17 and later the price started an upside correction. (Source: www.newsbtc.com/2018...s-bearish-below-284/)
We would also like to inform you that Bitcoin price keeps fluctuating. In compare with yesterday, the price has decreased by $300 (4.5%) and was around $6,419 by 6 UTC. The altcoin prices also follow the downturn trend, including Ethereum, which price has also declined by 6% and is now equal to $273. We remind you that the fluctuations began yesterday after the BitMEX (cryptocurrency trading platform) maintenance shutdown. (Source: www.bitfinex.com/)
We also notify you about the rejection of at least eight proposals for Bitcoin exchange-traded funds made by the US Securities and Exchange Commission yesterday on 22 August. Many investors and members of the crypto community hope that at least one approval on ETS by the SEC would attract a huge amount of institutional buyers to the crypto market, rising the cryptocurrency prices and finally stimulating Bitcoin to adapt an upward trend. However, SEC continued to hold its stance against the potential fraud and manipulation of Bitcoin markets, citing that the applicants had not met SEC’s requirement of designing rules to prevent these malpractices. The SEC also cleared that it did not evaluate the technological and investment potential of Bitcoin and blockchain technology before taking its decision. The outcome solely rested on applicants’ failure to abide by individual sections of the Exchange Act. (Sources: bitcoinnews.com/sec-...ltiple-bitcoin-etfs/ www.ccn.com/rejected...tcoin-etf-proposals/)
Moreover, Chinese regulators are moving to block more than 100 overseas crypto exchanges offering trading services to domestic investors. Shanghai Securities Times, a mouthpiece of the Chinese financial authorities, reported on Thursday that the China National Fintech Risk Rectification Office has so far identified 124 trading platforms with overseas IP addresses but that are still available in the country. (Source: www.coindesk.com/chi...gn-crypto-exchanges/)
As we mentioned earlier, the prices of cryptocurrencies, including Ethereum, kept fluctuating, and due to the anomalistic nature of these fluctuations, no further trades were made, leaving the Osiris team with 0.89% return at 6:18 and 0.49% loss at 18:19 on 21 August.
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.
Pair: ETH/USD
High: 267.94
Low: 259.10
Close: 267.42
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.
We at Osiris Finance are delighted to see you being interested in our posts and forecasts and would like to thank you for all your interaction and feedback. We are working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research.
According to the recent news, after a sharp upside move above the $295, ETH faced sellers against the US Dollar. The ETH/USD pair topped near the $300-301 zone and later it started a downside move. The price declined sharply and broke many supports near the $290 and $280 levels. There was even a break below the $268 low and sellers pushed the price below the $265 level. It traded as low as $259.17 and later the price started an upside correction. (Source: www.newsbtc.com/2018...s-bearish-below-284/)
We would also like to inform you that Bitcoin price keeps fluctuating. In compare with yesterday, the price has decreased by $300 (4.5%) and was around $6,419 by 6 UTC. The altcoin prices also follow the downturn trend, including Ethereum, which price has also declined by 6% and is now equal to $273. We remind you that the fluctuations began yesterday after the BitMEX (cryptocurrency trading platform) maintenance shutdown. (Source: www.bitfinex.com/)
We also notify you about the rejection of at least eight proposals for Bitcoin exchange-traded funds made by the US Securities and Exchange Commission yesterday on 22 August. Many investors and members of the crypto community hope that at least one approval on ETS by the SEC would attract a huge amount of institutional buyers to the crypto market, rising the cryptocurrency prices and finally stimulating Bitcoin to adapt an upward trend. However, SEC continued to hold its stance against the potential fraud and manipulation of Bitcoin markets, citing that the applicants had not met SEC’s requirement of designing rules to prevent these malpractices. The SEC also cleared that it did not evaluate the technological and investment potential of Bitcoin and blockchain technology before taking its decision. The outcome solely rested on applicants’ failure to abide by individual sections of the Exchange Act. (Sources: bitcoinnews.com/sec-...ltiple-bitcoin-etfs/ www.ccn.com/rejected...tcoin-etf-proposals/)
Moreover, Chinese regulators are moving to block more than 100 overseas crypto exchanges offering trading services to domestic investors. Shanghai Securities Times, a mouthpiece of the Chinese financial authorities, reported on Thursday that the China National Fintech Risk Rectification Office has so far identified 124 trading platforms with overseas IP addresses but that are still available in the country. (Source: www.coindesk.com/chi...gn-crypto-exchanges/)
As we mentioned earlier, the prices of cryptocurrencies, including Ethereum, kept fluctuating, and due to the anomalistic nature of these fluctuations, no further trades were made, leaving the Osiris team with 0.89% return at 6:18 and 0.49% loss at 18:19 on 21 August.
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.
Pair: ETH/USD
High: 267.94
Low: 259.10
Close: 267.42
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.