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.

Yesterday, there was a tiny upside correction above the $4,500 level in bitcoin price against the US Dollar. The BTC/USD pair failed to break the $4,600 resistance and remained well below the $4,700 pivot area. Later, the price started a downside move and traded below the $4,500 and $4,400 support levels. It is currently trading well below the $4,500 level and the 100 hourly simple moving average. (Source: newsbtc.com/2018/11/23/bitcoin-price-watch-btc-usd-looks-set-to-gain-pace-below-4000/)

Regulators in Switzerland approved a cryptocurrency ETP, Amun Crypto Basket Index (HODL) which began trading today. The crypto ETP is offered by Amun AG, a fintech company based in Switzerland. It began trading under the ticker symbol HODL on the SIX Swiss Exchange, which is one of the largest exchanges in Europe. The Amun Crypto Basket index has nearly half of its assets invested in Bitcoin, and the remaining half is comprised of XRP, Ethereum, and Litecoin. This marks the world’s first approved crypto ETF-like security trading on a major exchange. In the past, there have been numerous attempts to bring crypto ETFs to the public but all of them have been rejected by regulators. (Source: dailyhodl.com/2018/11/22/crypto-etp-tracking-bitcoin-xrp-ethereum-and-litecoin-starts-trading-on-six-swiss-exchange/)

According to IG, Keplerk is on a mission to bring Bitcoin to the masses. The company has collaborated with a French cash register software provider that will bring the virtual currency to tobacconists all over the area. The software will allow these shop owners to sell their customers a voucher that can be redeemed for actual cryptocurrency on Keplerk’s platform, which offers its users a digital wallet. The company will reportedly charge a 7% commission fee for each transaction made. (Source: livebitcoinnews.com/bitcoin-adoption-french-tobacco-retailers-to-start-selling-btc-in-2019/)

Silvergate Bank, based out of La Jolla, CA, is preparing to go public with a price target of $50 million, according to the documents filed and submitted to the securities regulators. It would be listed in the New York Stock Exchange (NYSE) under the ticker “SI”. The bank is a part of the holding company, Silvergate Capital. According to the company prospectus, they seek the required funds to further organic growth of the company and for corporate purposes. These include paying off long-term debt and acquisitions in the future. However, there are no plans of current acquisitions, clarified people familiar with the matter. (Source: btcmanager.com/silvergate-bank-ipo/)

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: 4637.44
Low: 4361.60
Close: 4410.83

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.
3hourBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDCryptocurrencyforecastmachinelearningosirisprediction

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