BTC 3-hour forecast. Machine learning.
Dear colleagues and followers,
We are very pleased to announce that we always work hard on improving our models. More precisely, last week we made several major improvements with our trading strategies and revised the set of indicators in our models to keep providing you with more accurate up-to-date forecasts to use in trading and research. We would like to remind you that we are going to focus on trading Bitcoin from now on as, according to our research, BTC shows more promising opportunities with our renewed models.
This morning it was reported that after trading above the $6,800 level, bitcoin price started a downside correction against the US Dollar. The BTC/USD pair traded as high as $6,833 and corrected below the $6,750 level. During the decline, there was a break below the 23.6% Fib retracement level of the last wave from the $6,347 low to $6,833 high. However, there is a decent support visible near the $6,600 and $6,590 zone. (Source: newsbtc.com/2018/09/24/bitcoin-price-watch-btc-holds-bullish-bias-above-6550/)
Research and developments concerning blockchain technology and it's implications, as well as cryptocurrencies, are gaining serious momentum in the USA, as Congressman Tom Emmer, who was named a co-chair of the Congressional Blockchain Caucus earlier in the day, announced on September 21, 2018, that he will be introducing three “groundbreaking bills” to foster a supporting ecosystem for the development of distributed ledger technology in the country. He said: “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth, which is why I am introducing these bills. Legislators should be embracing emerging technologies and providing a clear regulatory system that allows them to flourish in the United States.” (Source: btcmanager.com/u-s-congressman-pro-blockchain-crypto-legislation/)
After the research conducted by Wang Chun Wei, the Lecturer in Finance at University of Queensland Business School, Ph.D., he was able to conclude that there is no substantial evidence that the USDT was used as a tool to manipulate Bitcoin prices during 2017. The study titled “The Impact of Tether Grants on Bitcoin” was written in May 2018 and used a VAR model in which the price of Bitcoin (BTC) could be correlated with the availability of USDT in the market. In this way, Mr. Wang Chun Wei sought to determine if there was a verifiable relationship between both variables (the price of the BTC and the issue of USDT). Contrary to what many expected, the study did not find a direct relationship between the two; however, it showed that the issuance of USDT was correlated with an increase in the trading volume of both cryptocurrencies. (Source: ethereumworldnews.com/there-is-no-evidence-to-prove-that-usdt-was-used-to-manipulate-bitcoin-btc-price-study-concludes/)
We are pleased to remind you that our last trade with ETH went brilliantly well. The Osiris team bought ETH for 228.74 at 15:15, September, 21 and sold it later for 242.99 at 18:59, generating us 6.23% return.
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: 6599.7
Low: 6521.6
Close: 6564.4
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 are very pleased to announce that we always work hard on improving our models. More precisely, last week we made several major improvements with our trading strategies and revised the set of indicators in our models to keep providing you with more accurate up-to-date forecasts to use in trading and research. We would like to remind you that we are going to focus on trading Bitcoin from now on as, according to our research, BTC shows more promising opportunities with our renewed models.
This morning it was reported that after trading above the $6,800 level, bitcoin price started a downside correction against the US Dollar. The BTC/USD pair traded as high as $6,833 and corrected below the $6,750 level. During the decline, there was a break below the 23.6% Fib retracement level of the last wave from the $6,347 low to $6,833 high. However, there is a decent support visible near the $6,600 and $6,590 zone. (Source: newsbtc.com/2018/09/24/bitcoin-price-watch-btc-holds-bullish-bias-above-6550/)
Research and developments concerning blockchain technology and it's implications, as well as cryptocurrencies, are gaining serious momentum in the USA, as Congressman Tom Emmer, who was named a co-chair of the Congressional Blockchain Caucus earlier in the day, announced on September 21, 2018, that he will be introducing three “groundbreaking bills” to foster a supporting ecosystem for the development of distributed ledger technology in the country. He said: “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth, which is why I am introducing these bills. Legislators should be embracing emerging technologies and providing a clear regulatory system that allows them to flourish in the United States.” (Source: btcmanager.com/u-s-congressman-pro-blockchain-crypto-legislation/)
After the research conducted by Wang Chun Wei, the Lecturer in Finance at University of Queensland Business School, Ph.D., he was able to conclude that there is no substantial evidence that the USDT was used as a tool to manipulate Bitcoin prices during 2017. The study titled “The Impact of Tether Grants on Bitcoin” was written in May 2018 and used a VAR model in which the price of Bitcoin (BTC) could be correlated with the availability of USDT in the market. In this way, Mr. Wang Chun Wei sought to determine if there was a verifiable relationship between both variables (the price of the BTC and the issue of USDT). Contrary to what many expected, the study did not find a direct relationship between the two; however, it showed that the issuance of USDT was correlated with an increase in the trading volume of both cryptocurrencies. (Source: ethereumworldnews.com/there-is-no-evidence-to-prove-that-usdt-was-used-to-manipulate-bitcoin-btc-price-study-concludes/)
We are pleased to remind you that our last trade with ETH went brilliantly well. The Osiris team bought ETH for 228.74 at 15:15, September, 21 and sold it later for 242.99 at 18:59, generating us 6.23% return.
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: 6599.7
Low: 6521.6
Close: 6564.4
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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