Bitcoin

BTC 3-hour forecast. Machine learning.

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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.

Bitcoin has remained relatively stable over the past 24 hours of trading only moving a small -0.1%. The cryptocurrency king is currently trading at a price around $6583, at the time of writing, after seeing a +3.98% price hike over the past 7 trading days. (Read more: coingape.com/bitcoin-returns-to-previous-range-after-tether-caused-price-surge/)

Yesterday, various news websites including The Next Web reported that Elon Musk’s Boring Company was accepting bitcoin as a form of payment for its famous flamethrowers. However, it has now been revealed — also by TNW — that it is a fake website created by a scammer and that the real Boring Company is not accepting cryptocurrency. The fake website is still live and displays a range of payment methods including cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It also claims that all proceeds will be used to support Hyperloop technology. However, Musk hasn’t responded to the recent scam yet. (Read more: ccn.com/fake-news-elon-musks-flamethrower-company-isnt-accepting-bitcoin/)

The U.S. Marshals Service, the oldest law enforcement agency in the United States dating from 1789 when President Washington appointed the first thirteen Marshals, is auctioning some 660 Bitcoins next month, worth $4,220,040 at current prices. The cryptocurrency being auctioned relates to forfeitures from various federal criminal, civil and administrative cases. This latest auction follows ones conducted by the agency at the start of 2018 (January 22) for 3,813 Bitcoins that were worth around $51.5 million at the time, and a subsequent Bitcoin auction on March 19. The latter was their seventh such auction to that point in time, which comprised around 2,170 Bitcoins, which were worth approximately $24 million at the cryptocurrency’s then market price on exchanges. (Read more: forbes.com/sites/rogeraitken/2018/10/19/u-s-marshals-set-to-auction-bitcoins-worth-4-2m-next-month/

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: 6609.5
Low: 6585.8
Close: 6559.9

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.

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