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.
Yesterday, the BTC/USD pair was in a bullish trend. The cryptocurrency made another attempt to break the $6,800 price level so as to reach the $7,400 and $8,500 price levels. On September 21, the BTC price made the first attempt but was resisted. On the 4-hour chart, the BTC price is in a sideways trend. The price of Bitcoin is above the 12 days EMA and the 26 days EMA which indicates that the price is rising. The Relative Strength Index period 14 is level 56 which indicates that the price is in a sideways trend zone. (Source: cryptoglobe.com/latest/2018/10/bitcoin-btc-price-analysis-october-9/)
Bitcoin mining in 2018 hasn’t been as profitable as in 2017 despite an increase in overall revenue. With the network hashrate continuing to increase astronomically, miners now pay higher electricity tariffs severely affecting their bottom-lines. According to Diar, revenue accrued by BTC miners for the first half of 2018 exceeded the total revenue earned for all the whole of 2017. Adding the figures from Q3 2018, BTC mining revenue for the year now exceeds 2017’s numbers by more than $1.4 billion. Despite these impressive revenue earnings, mining profitability has taken an enormous hit. Since the start of the year, miners have earned successively lower profits culminating in zero profit for September 2018. (Source: ethereumworldnews.com/bitcoin-mining-profitability-declines-despite-increase-in-revenue/)
The International Monetary Fund (IMF) has warned the "rapid growth" of Bitcoin and cryptocurrency assets could create "new vulnerabilities in the international financial system," as the world's banks adjust to the recent Bitcoin and blockchain boom. "Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services. Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system," according to the fund's latest World Economic Outlook report, out today. (Source: forbes.com/sites/billybambrough/2018/10/09/imf-issues-stark-warning-over-bitcoin-and-crypto-rapid-growth/
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: 6690.8
Low: 6623.5
Close: 6658.5
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.
Yesterday, the BTC/USD pair was in a bullish trend. The cryptocurrency made another attempt to break the $6,800 price level so as to reach the $7,400 and $8,500 price levels. On September 21, the BTC price made the first attempt but was resisted. On the 4-hour chart, the BTC price is in a sideways trend. The price of Bitcoin is above the 12 days EMA and the 26 days EMA which indicates that the price is rising. The Relative Strength Index period 14 is level 56 which indicates that the price is in a sideways trend zone. (Source: cryptoglobe.com/latest/2018/10/bitcoin-btc-price-analysis-october-9/)
Bitcoin mining in 2018 hasn’t been as profitable as in 2017 despite an increase in overall revenue. With the network hashrate continuing to increase astronomically, miners now pay higher electricity tariffs severely affecting their bottom-lines. According to Diar, revenue accrued by BTC miners for the first half of 2018 exceeded the total revenue earned for all the whole of 2017. Adding the figures from Q3 2018, BTC mining revenue for the year now exceeds 2017’s numbers by more than $1.4 billion. Despite these impressive revenue earnings, mining profitability has taken an enormous hit. Since the start of the year, miners have earned successively lower profits culminating in zero profit for September 2018. (Source: ethereumworldnews.com/bitcoin-mining-profitability-declines-despite-increase-in-revenue/)
The International Monetary Fund (IMF) has warned the "rapid growth" of Bitcoin and cryptocurrency assets could create "new vulnerabilities in the international financial system," as the world's banks adjust to the recent Bitcoin and blockchain boom. "Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services. Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system," according to the fund's latest World Economic Outlook report, out today. (Source: forbes.com/sites/billybambrough/2018/10/09/imf-issues-stark-warning-over-bitcoin-and-crypto-rapid-growth/
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: 6690.8
Low: 6623.5
Close: 6658.5
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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