Dear colleagues and followers,
We at Osiris Finance value your feedback and would like thank you for your interaction with our posts. We are constantly updating our analytic systems to continue producing more accurate up-to-date forecasts to use in trading or research. Happy Halloween to everyone and good luck in your today’s trades!
Bitcoin has formed higher highs and higher lows to trade inside an ascending channel. Price is down to support and may be attempting to break lower. In that case, a reversal from the uptrend might be seen. The 100 SMA is above the longer-term 200 SMA, so the path of least resistance is to the upside. In other words, there’s a stronger chance for the uptrend to resume than to reverse. Stochastic is indicating oversold conditions which means that sellers are exhausted and might be willing to let buyers take over. In that case, bitcoin could bounce back to the channel top at $7,000 or at least until the middle of the channel at $6,700. The moving averages might also hold as dynamic resistance levels. RSI has just reached oversold territory itself and has yet to turn higher to signal a return in bullish momentum. (Source: ethereumworldnews.com/bitcoin-btc-price-analysis-time-to-buy-on-dips-again/)
As recently reported, he UK’s Financial Conduct Authority is considering a possible ban on the retail trading of all derivative instruments that relate to exchange tokens such as Bitcoin. The UK’s financial regulator believes that crypto-based derivatives like CFDs, options and futures tend to be riskier than crypto assets, the Financial Times reports. The FCA published this statement alongside the first report released by the Cryptoasset Taskforce, a target working group created earlier this spring by the FCA, HM Treasury and the Bank of England. The Taskforce was launched in order to study the potential vulnerabilities of the essentially unregulated crypto market, and also assess the benefits and risks of blockchain and digital assets. When the study was finally released, it showed that among other issues, the FCA is pondering measures such as a complete ban on the sale of CFDs on cryptocurrencies and other crypto-based derivatives to retail investors. Perhaps, there will be an exception made for derivatives referencing “cryptoassets that qualify as securities.” However, such CFDs would still be subject to regulation and current ESMA restrictions. The financial regulator considers leveraged derivatives as even riskier than digital assets, since they can “cause losses that go beyond the initial investment” of amateur traders. (Source: cryptovest.com/news/the-uk-considers-prohibiting-crypto-derivatives/)
Choi Jong-Ku, the commissioner of the Financial Services Commission of South Korea, has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges. At the state affairs audit conducted by the government of South Korea to evaluate the progress of all government agencies and commissioners in the nation, commissioner Choi emphasized that as long as cryptocurrency trading platforms are well equipped with Know Your Customer and Anti-Money Laundering systems, digital asset platforms will be able to obtain banking services from the country’s commercial financial institutions. “There exists no issue in banks providing virtual bank accounts to cryptocurrency exchanges. If digital asset trading platforms have KYC and AML systems in place, there is no problem in issuing virtual bank accounts to exchanges,” commissioner Choi said. (Source: ccn.com/koreas-finance-minister-approves-banks-working-with-crypto-exchanges/)
“Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum public network, according to a press release Oct. 30. The system, dubbed EY Ops Chain Public Edition, uses zero-knowledge proof technology, an alternative algorithm for authenticating distributed ledger entries, in which transacting parties provide proof of validity, but all other information remains encrypted, including their identities. The prototype is aimed at enterprises that wish to keep their transaction records private without having to resort to a permissioned, private network. EY says it aims to “spur” enterprise blockchain adoption by supporting “both payment tokens and unique product and services tokens that are similar to the Ethereum ERC-20 and ERC-721 token standards.” Its offering extends to a prototype for a Private Transaction Monitor that captures transaction history for subsequent review. Both EY Ops Chain PE and the EY Blockchain Private Transaction Monitor have reportedly been developed by EY blockchain labs in London and Paris and are still “with patents pending.” They are slated to be ready for full-scale product launch by 2019, the press release states. (Source: cointelegraph.com/news/big-four-auditor-ey-launches-zero-knowledge-system-for-private-transactions-on-ethereum)
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: 6424.55
Low: 6348.09
Close: 6422.30
According to our machine learning models, the system has recommended to buy and hold within this three-hour trading 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 your interaction with our posts. We are constantly updating our analytic systems to continue producing more accurate up-to-date forecasts to use in trading or research. Happy Halloween to everyone and good luck in your today’s trades!
Bitcoin has formed higher highs and higher lows to trade inside an ascending channel. Price is down to support and may be attempting to break lower. In that case, a reversal from the uptrend might be seen. The 100 SMA is above the longer-term 200 SMA, so the path of least resistance is to the upside. In other words, there’s a stronger chance for the uptrend to resume than to reverse. Stochastic is indicating oversold conditions which means that sellers are exhausted and might be willing to let buyers take over. In that case, bitcoin could bounce back to the channel top at $7,000 or at least until the middle of the channel at $6,700. The moving averages might also hold as dynamic resistance levels. RSI has just reached oversold territory itself and has yet to turn higher to signal a return in bullish momentum. (Source: ethereumworldnews.com/bitcoin-btc-price-analysis-time-to-buy-on-dips-again/)
As recently reported, he UK’s Financial Conduct Authority is considering a possible ban on the retail trading of all derivative instruments that relate to exchange tokens such as Bitcoin. The UK’s financial regulator believes that crypto-based derivatives like CFDs, options and futures tend to be riskier than crypto assets, the Financial Times reports. The FCA published this statement alongside the first report released by the Cryptoasset Taskforce, a target working group created earlier this spring by the FCA, HM Treasury and the Bank of England. The Taskforce was launched in order to study the potential vulnerabilities of the essentially unregulated crypto market, and also assess the benefits and risks of blockchain and digital assets. When the study was finally released, it showed that among other issues, the FCA is pondering measures such as a complete ban on the sale of CFDs on cryptocurrencies and other crypto-based derivatives to retail investors. Perhaps, there will be an exception made for derivatives referencing “cryptoassets that qualify as securities.” However, such CFDs would still be subject to regulation and current ESMA restrictions. The financial regulator considers leveraged derivatives as even riskier than digital assets, since they can “cause losses that go beyond the initial investment” of amateur traders. (Source: cryptovest.com/news/the-uk-considers-prohibiting-crypto-derivatives/)
Choi Jong-Ku, the commissioner of the Financial Services Commission of South Korea, has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges. At the state affairs audit conducted by the government of South Korea to evaluate the progress of all government agencies and commissioners in the nation, commissioner Choi emphasized that as long as cryptocurrency trading platforms are well equipped with Know Your Customer and Anti-Money Laundering systems, digital asset platforms will be able to obtain banking services from the country’s commercial financial institutions. “There exists no issue in banks providing virtual bank accounts to cryptocurrency exchanges. If digital asset trading platforms have KYC and AML systems in place, there is no problem in issuing virtual bank accounts to exchanges,” commissioner Choi said. (Source: ccn.com/koreas-finance-minister-approves-banks-working-with-crypto-exchanges/)
“Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum public network, according to a press release Oct. 30. The system, dubbed EY Ops Chain Public Edition, uses zero-knowledge proof technology, an alternative algorithm for authenticating distributed ledger entries, in which transacting parties provide proof of validity, but all other information remains encrypted, including their identities. The prototype is aimed at enterprises that wish to keep their transaction records private without having to resort to a permissioned, private network. EY says it aims to “spur” enterprise blockchain adoption by supporting “both payment tokens and unique product and services tokens that are similar to the Ethereum ERC-20 and ERC-721 token standards.” Its offering extends to a prototype for a Private Transaction Monitor that captures transaction history for subsequent review. Both EY Ops Chain PE and the EY Blockchain Private Transaction Monitor have reportedly been developed by EY blockchain labs in London and Paris and are still “with patents pending.” They are slated to be ready for full-scale product launch by 2019, the press release states. (Source: cointelegraph.com/news/big-four-auditor-ey-launches-zero-knowledge-system-for-private-transactions-on-ethereum)
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: 6424.55
Low: 6348.09
Close: 6422.30
According to our machine learning models, the system has recommended to buy and hold within this three-hour trading period.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.