Dear colleagues and followers,
The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers.
Yesterday, there was an upside extension above the $4,300 and $4,350 levels in price against the . The BTC/USD pair even broke the $4,400 high and traded to a new weekly high at $4,437. Later, there was downside correction and the price declined below the $4,300 and $4,250 support levels. The price even broke the 23.6% Fib retracement level of the last leg from the $3,560 swing low to $4,437 high. (Source: )
Global tech giant , known for its widely-used computer processors, has won a patent connected to its work in the area of cryptocurrency mining. On Tuesday, the U.S. Patent and Trademark Office awarded the company a patent outlining a processor which claims to be able to conduct “energy-efficient high performance mining,” specifically naming the SHA-256 algorithm used by the world’s largest cryptocurrency by market cap. As reported, has previously sought patents related to its work in the area of crypto mining. And it was Intel’s foundry that produced the chips for the mining operation run by 21 Inc, which later rebranded as Earn.com and was ultimately acquired by Coinbase. (Source: )
Last month, the investment firm revealed its new Digital Asset Services arm alongside plans to offer and Ether trading services for institutional investors, also giving them a much-anticipated custody solution for these cryptocurrencies. Tom Jessop, head of Fidelity Digital Assets, shared at the Block FS conference in New on Thursday the company’s willingness to extend these services to other major cryptocurrencies. “I think there is demand for the next four or five in rank of market cap order. So we will be looking at that,” he said in response to a question posed by Coindesk. One of the potential issues he perceives is the question of which tokens will fall into the US Security and Exchange Commission’s definition of securities, as this will significantly impact the regulation surrounding their use. ”We are waiting for that space to develop,” he noted. (Source: )
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: 4152.78
Low: 3948.29
Close: 4060.76
It has been two weeks since the notable Cash hard fork, which has resulted in two rival chains, and . The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. As for now, the two competing chains are on parity (50%/50%) in terms of network hashing power (Source: ). From the first glance, this is a major forward move by which has cut its yesterday’s lead of from more than 50 blocks to 20 via attracting extra power to its network (Source: ). However, such a move has significantly decreased the mining profitability of , and now it is more than 40% profitable to mine on the generic chain (Source: ). The Osiris Team has previously warned of volatile mining profitability typical of , associated not only with coin price fluctuations ( , despite volatile prices, manages to constantly maintain its mining profitability 5-15% higher than that of the chain) but with the technical solutions implemented by the chain. In terms of miner pool diversification, remains less concentrated, having also attracted occasional mining from okminer, Waterhole and DPool over the last couple of days (Source: ). These facts arguably evidence that the chain is comparatively more sustainable. In that regard, the Osiris team remains on the coin.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
Published at Fri, 30 Nov 2018 12:13:24 +0000
