BTC 3-hour forecast. Machine learning.
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.
The development of Lightning Network has not ceased despite the limited coverage it has received in recent days; however, the community of users and developers not only remains active but quite optimistic about this project that each day is closer to becoming a reality. In addition to growing in terms of technological evolution, Lightning Network has shown in recent days an accelerated growth in terms of adoption by users and end consumers. According to data from the website 1ML, the network capacity has experienced an increase of almost 300% in the last 30 days, handling near 2 million dollars in transactions. (Read more: ethereumworldnews.com/bitcoins-lightning-network-ln-capacity-increases-to-new-all-time-highs/)
The latest data from Google Trends confirms the uptick in curiosity about Bitcoin after BTC/USD dropped. The proportion of searches for ‘Bitcoin’ is higher now than during any weekly period since April 8, at which time its price began a major surge from $7000 to closer to $10,000. (Read more: bitcoinist.com/google-trends-bitcoin-price-6/)
The IOTA Foundation has revealed for the first time that it plans to gradually phase out the IOTA network Coordinator, which some see as a centralization risk. In a series of posts on its official blog on this week, the foundation outlined a sequence of steps it plans to take before “Coordicide”, which it sees as a major landmark on the road to complete decentralisation. The IOTA network coordinator was created with a primary remit of preventing double spends. Known as “Coo”, the coordinator, which is controlled by the IOTA Foundation issues periodic transactions known as milestones. If any transaction on the IOTA network is not directly or indirectly references by a milestone, it is not confirmed. While this gives the foundation a certain amount of control over the network, it should be noted that it does not allow for transaction history to be changed or user funds to be accessed. (Read more: ccn.com/iota-outlines-plans-for-killing-off-its-centralized-coordinator/)
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: 4504.59
Low: 4429.83
Close: 4430.14
Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC (BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
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.
The development of Lightning Network has not ceased despite the limited coverage it has received in recent days; however, the community of users and developers not only remains active but quite optimistic about this project that each day is closer to becoming a reality. In addition to growing in terms of technological evolution, Lightning Network has shown in recent days an accelerated growth in terms of adoption by users and end consumers. According to data from the website 1ML, the network capacity has experienced an increase of almost 300% in the last 30 days, handling near 2 million dollars in transactions. (Read more: ethereumworldnews.com/bitcoins-lightning-network-ln-capacity-increases-to-new-all-time-highs/)
The latest data from Google Trends confirms the uptick in curiosity about Bitcoin after BTC/USD dropped. The proportion of searches for ‘Bitcoin’ is higher now than during any weekly period since April 8, at which time its price began a major surge from $7000 to closer to $10,000. (Read more: bitcoinist.com/google-trends-bitcoin-price-6/)
The IOTA Foundation has revealed for the first time that it plans to gradually phase out the IOTA network Coordinator, which some see as a centralization risk. In a series of posts on its official blog on this week, the foundation outlined a sequence of steps it plans to take before “Coordicide”, which it sees as a major landmark on the road to complete decentralisation. The IOTA network coordinator was created with a primary remit of preventing double spends. Known as “Coo”, the coordinator, which is controlled by the IOTA Foundation issues periodic transactions known as milestones. If any transaction on the IOTA network is not directly or indirectly references by a milestone, it is not confirmed. While this gives the foundation a certain amount of control over the network, it should be noted that it does not allow for transaction history to be changed or user funds to be accessed. (Read more: ccn.com/iota-outlines-plans-for-killing-off-its-centralized-coordinator/)
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: 4504.59
Low: 4429.83
Close: 4430.14
Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC (BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
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