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.
Last week the price of Bitcoin had been on a range bound movement. On September 29, the BTC price had been consolidating above the $6,500 price level. On October 3, the BTC price fell to the low of $6,456.49 and pulled back above the $6,500 price level. Since then the price of Bitcoin had been making concerted efforts to gain momentum above the $6,600 price level. On the 4-hour chart, the BTC price is in a sideways trend. The cryptocurrency is still trending horizontally; this means that a breakout is imminent for Bitcoin. The Relative Strength Index period 14 is level 52 which indicates that the price is in a sideways trend zone. (Source: cryptoglobe.com/latest/2018/10/bitcoin-btc-price-analysis-october-8/)
The latest news received from the Hong Kong-based Bitfinex, one of the leading crypto exchanges in the world. According to the announcement, it obtained a new banking partner. It is HSBC, a $133 billion banking giant based in London. “Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask me. It’s also worth mentioning that all EUR, JPY and GBP deposits are paused but Bitfinex ‘expects the situation to normalize within a week”, reported Larry Cermak, former editor at Diar and head analyst at The Block. Earlier, Bitfinex was a customer of Noble Bank, based in Puerto Rico. (Source: coinspeaker.com/2018/10/08/new-banking-partner-for-bitfinex-hsbc-replaces-noble-bank/)
The ICO boom of 2017 and early 2018, ushered in a new era of individual blockchain projects that aimed to solve a lot of the issues on the Ethereum network. The most prominent ones have so far released a final product in the form of a mainnet, with others in the last stages of launching one. The co-founder at the Loom Network, James Martin Duffy, mantiones that the Loom Network is building their layer 2 on top of Ethereum instead of completely creating a new blockchain network. This then solves the scalability issues on the network without having to start from scratch. (Source: ethereumworldnews.com/improving-ethereum-eth-is-a-better-option-than-creating-new-blockchains/)
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: 6651.5
Low: 6619.3
Close: 6633.9
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.
Last week the price of Bitcoin had been on a range bound movement. On September 29, the BTC price had been consolidating above the $6,500 price level. On October 3, the BTC price fell to the low of $6,456.49 and pulled back above the $6,500 price level. Since then the price of Bitcoin had been making concerted efforts to gain momentum above the $6,600 price level. On the 4-hour chart, the BTC price is in a sideways trend. The cryptocurrency is still trending horizontally; this means that a breakout is imminent for Bitcoin. The Relative Strength Index period 14 is level 52 which indicates that the price is in a sideways trend zone. (Source: cryptoglobe.com/latest/2018/10/bitcoin-btc-price-analysis-october-8/)
The latest news received from the Hong Kong-based Bitfinex, one of the leading crypto exchanges in the world. According to the announcement, it obtained a new banking partner. It is HSBC, a $133 billion banking giant based in London. “Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask me. It’s also worth mentioning that all EUR, JPY and GBP deposits are paused but Bitfinex ‘expects the situation to normalize within a week”, reported Larry Cermak, former editor at Diar and head analyst at The Block. Earlier, Bitfinex was a customer of Noble Bank, based in Puerto Rico. (Source: coinspeaker.com/2018/10/08/new-banking-partner-for-bitfinex-hsbc-replaces-noble-bank/)
The ICO boom of 2017 and early 2018, ushered in a new era of individual blockchain projects that aimed to solve a lot of the issues on the Ethereum network. The most prominent ones have so far released a final product in the form of a mainnet, with others in the last stages of launching one. The co-founder at the Loom Network, James Martin Duffy, mantiones that the Loom Network is building their layer 2 on top of Ethereum instead of completely creating a new blockchain network. This then solves the scalability issues on the network without having to start from scratch. (Source: ethereumworldnews.com/improving-ethereum-eth-is-a-better-option-than-creating-new-blockchains/)
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: 6651.5
Low: 6619.3
Close: 6633.9
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.
Feragatname
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