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.
This morning, it was reported that there was a solid rise above the $6,400 level in bitcoin price against the US Dollar. The BTC/USD pair recovered above the $6,490 and $6,500 resistance levels. There was also a break above the 50% Fib retracement level of the downside move from the $6,660 swing high to $6,315 swing low. However, the upside move faced a strong resistance near the $6,540-50 region. (Source: newsbtc.com/2018/09/27/bitcoin-price-watch-btc-usd-is-following-bearish-bias-below-6540/)
Bitmain Technologies Ltd., the world’s largest cryptocurrency mining company founded in China five years ago by now-billionaires Jihan Wu and Micree Zhan, is planning to pursue an initial public offering in Hong Kong, one of the first major instances where the traditional capital markets and the newer cryptocurrency world will collide. The company’s financial statements, which were released in a 438-page filing with the Hong Kong stock exchange, confirmed Bitmain’s intention to go public in a deal that analysts and investors have said could raise billions of dollars. (Source: wsj.com/articles/crypto-meets-wall-street-as-bitcoin-mining-giant-bitmain-files-for-ipo-1538031646)
The group of 80 business leaders representing the cryptocurrency industry and Wall Street, demanding swift and effective crypto regulations, got together on Capitol Hill to participate in a roundtable meeting with U.S. lawmakers on Sep 25, 2018. The meeting was hosted by Rep. Warren Davidson, R-Ohio. Many prominent personnel representing the crypto space expressed their dissent over the unclarity surrounding the legal and regulatory status of cryptocurrencies. They sought a more precise perception on burning issues such as when to consider digital currencies as securities and how startups dealing in digital assets should approach regulatory compliance. (Source: btcmanager.com/crypto-u-s-congress-regulation/)
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.