BTC 3-hour forecast. Machine learning.
Dear colleagues and followers,
We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts . We keep 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.
Bitcoin price has been oscillating between $6,000 and $7,000 for quite some time now. BTC/USD is trading in less than half a percent range for the day, signalling low volatility characteristic of the crypto market in the recent days. On the 240-minute chart of the crypto, BTC has been finding it difficult to cross past the descending trendline and it needs a lot of push and momentum by its side to sustain higher levels. Even if bulls manage to cross short term resistance, there are other bigger ones on the daily chart, just above this one above $6,500 in the form of descending trendline of the falling wedge and 100 days SMA above $6,700. (Source: forexcrunch.com/bitcoin-price-analysis-tough-road-ahead-even-if-it-breaks-out/)
According to the recent news, the Australian post office is fueling Bitcoin adoption for its huge customer base of more than eleven million people. A 200-year old institution is offering a new digital identity service called Digital iD that can legally be used to make the process of signing up to local Bitcoin exchanges quick and painless. Users no longer have to upload selfies and wait days for verification. As first reported by the local news outlet Mickey, Australians can use Digital iD to get onto an exchange within minutes. “Digital iD gives people more control over the personal data they share with organizations,” says Digital iD general manager Cameron Gough. “For example, most people hand over their driver’s license to prove they can legally go to a bar, but all that is needed is a name and birth date – not that information plus your full residential address.” (Source: dailyhodl.com/2018/10/26/massive-institution-in-australia-fuels-bitcoin-adoption-for-11-million-people/)
Expobank, a Czech Republic-based bank, claims it is the first bank in Europe to offer account holders the opportunity to perform crypto-related transactions alongside traditional banking activities. The new service called Neo is based on the bank’s online platform Expobanking. It gives users full control over their financial activities, including those related to cryptocurrencies, Prague Express reported. Expobank has recently entered into partnerships with two companies from the crypto sector in order to provide crypto-related services. An agreement with Wbtcb allows the bank’s customers to invest and transact in BTC. According to a press release referenced by Czech media, the bank’s customers will not need to create a separate cryptocurrency wallet. Higher transaction limits will be available to verified account holders. Expobank’s clients will have access to new investment opportunities in the growing crypto industry. They will be granted access to Fundlift, the largest crowdfunding platform in the Czech Republic and another of the bank’s partners. Investors will be able to support fintech startups by participating in initial coin offerings as well as purchase shares of established companies. (Source: news.bitcoin.com/czech-bank-launches-cryptocurrency-friendly-services/)
The research and development arm of Japan-based Sony Corporation, Sony Computer Science Laboratories, Inc. have issued a press release revealing their work on a contactless cryptocurrency wallet for storing cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. The wallet uses the company’s contactless integrated circuit technology for an added convenience for investors. Traditional cryptocurrency hardware wallets like the Ledger Nano S and Trezor wallets are USB-based, but its wallet would allow the user to ditch the cord and sign transactions from any device with a near-field communication (NFC) chip. The company has said that the wallet will be “small, portable and useful, unlike typical existing hardware wallets,” and will feature a “highly reliable tamper-proof module within the IC card” for increased security. While Sony Computer Science Laboratories is the company’s research and development division, and many of the subsidiary’s projects don’t end up being released as a fully-fledged product for consumers to purchase, the press release suggests that the company will push towards “commercialization” to further the “widespread adoption of blockchain technology,” hinting that the company is planning a bigger move into the world of blockchain and cryptocurrency. (Source: newsbtc.com/2018/10/26/sony-reveals-contactless-crypto-wallet-prepping-for-crypto-ecosystem/)
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: BTC/USD
High: 6534.23
Low: 6520.66
Close: 6534.23
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 value your feedback and would like thank you for all your interaction with our posts . We keep 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.
Bitcoin price has been oscillating between $6,000 and $7,000 for quite some time now. BTC/USD is trading in less than half a percent range for the day, signalling low volatility characteristic of the crypto market in the recent days. On the 240-minute chart of the crypto, BTC has been finding it difficult to cross past the descending trendline and it needs a lot of push and momentum by its side to sustain higher levels. Even if bulls manage to cross short term resistance, there are other bigger ones on the daily chart, just above this one above $6,500 in the form of descending trendline of the falling wedge and 100 days SMA above $6,700. (Source: forexcrunch.com/bitcoin-price-analysis-tough-road-ahead-even-if-it-breaks-out/)
According to the recent news, the Australian post office is fueling Bitcoin adoption for its huge customer base of more than eleven million people. A 200-year old institution is offering a new digital identity service called Digital iD that can legally be used to make the process of signing up to local Bitcoin exchanges quick and painless. Users no longer have to upload selfies and wait days for verification. As first reported by the local news outlet Mickey, Australians can use Digital iD to get onto an exchange within minutes. “Digital iD gives people more control over the personal data they share with organizations,” says Digital iD general manager Cameron Gough. “For example, most people hand over their driver’s license to prove they can legally go to a bar, but all that is needed is a name and birth date – not that information plus your full residential address.” (Source: dailyhodl.com/2018/10/26/massive-institution-in-australia-fuels-bitcoin-adoption-for-11-million-people/)
Expobank, a Czech Republic-based bank, claims it is the first bank in Europe to offer account holders the opportunity to perform crypto-related transactions alongside traditional banking activities. The new service called Neo is based on the bank’s online platform Expobanking. It gives users full control over their financial activities, including those related to cryptocurrencies, Prague Express reported. Expobank has recently entered into partnerships with two companies from the crypto sector in order to provide crypto-related services. An agreement with Wbtcb allows the bank’s customers to invest and transact in BTC. According to a press release referenced by Czech media, the bank’s customers will not need to create a separate cryptocurrency wallet. Higher transaction limits will be available to verified account holders. Expobank’s clients will have access to new investment opportunities in the growing crypto industry. They will be granted access to Fundlift, the largest crowdfunding platform in the Czech Republic and another of the bank’s partners. Investors will be able to support fintech startups by participating in initial coin offerings as well as purchase shares of established companies. (Source: news.bitcoin.com/czech-bank-launches-cryptocurrency-friendly-services/)
The research and development arm of Japan-based Sony Corporation, Sony Computer Science Laboratories, Inc. have issued a press release revealing their work on a contactless cryptocurrency wallet for storing cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. The wallet uses the company’s contactless integrated circuit technology for an added convenience for investors. Traditional cryptocurrency hardware wallets like the Ledger Nano S and Trezor wallets are USB-based, but its wallet would allow the user to ditch the cord and sign transactions from any device with a near-field communication (NFC) chip. The company has said that the wallet will be “small, portable and useful, unlike typical existing hardware wallets,” and will feature a “highly reliable tamper-proof module within the IC card” for increased security. While Sony Computer Science Laboratories is the company’s research and development division, and many of the subsidiary’s projects don’t end up being released as a fully-fledged product for consumers to purchase, the press release suggests that the company will push towards “commercialization” to further the “widespread adoption of blockchain technology,” hinting that the company is planning a bigger move into the world of blockchain and cryptocurrency. (Source: newsbtc.com/2018/10/26/sony-reveals-contactless-crypto-wallet-prepping-for-crypto-ecosystem/)
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: BTC/USD
High: 6534.23
Low: 6520.66
Close: 6534.23
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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