BTC 3-hour forecast. Machine learning.

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Today, Bitcoin has failed to attract buyers at higher levels. It turned down from $6,600 levels and easily broke below both the moving averages. This is a sign of weakness. The next stop is a fall to $6,250–$6,200. A break below $6,200 will threaten the critical support zone at $6,075.04–$5,900, which has not been breached in 2018. Any break of this support can result in a sharp liquidation of long positions, dragging the BTC/USD pair to $5,450 and $5,000 within a short span of time. Therefore, traders may keep the stops at $5,900. If the bulls support $6,200 levels, BTC/USD can extend its stay in the range for a few more days. (Source: cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-nov-9)

According to Korean blockchain news provider Blockchain ROK, newcomer exchange Pure Bit has effectively exit scammed with at least 13,000 in investor Ethereum in hand. The Pure Bit ICO was similar to other crypto exchanges that have been funded through the ICO model: token holders would be rewarded with some of the crypto exchange’s profits, and exchange fees paid with the token would be heavily discounted. Over 13,000 ETH (nearly $3 million) was collected in the ICO, which has now disappeared. It appears the funds were not locked in a smart contract, as is the design of several legitimate ICOs. (Source: ccn.com/south-korean-crypto-exchange-pure-bit-exit-scams-with-13000-ether-report/)

Jihan Wu, the billionaire co-founder of Bitmain, a cryptocurrency conglomerate valued at $15 billion, has said that the Bitcoin Cash community is working together to kick Craig Steven Wright out of the community. The statement of Wu comes after Craig Wright threatened Roger Ver and Bitcoin Cash miners, controversially claiming that he is Satoshi Nakamoto, the creator of Bitcoin. The group led by Craig Wright has created a Bitcoin Cash implementation called Bitcoin SV and plans to activate the competing proposal on November 15 as the Bitcoin Cash protocol forks. Major cryptocurrency exchanges including Coinbase, which publicly expressed support for the roadmap set forth by ABC and bitcoincash.org, told investors that the hard fork will cause instability on the network and will stop operating Bitcoin Cash wallets for a short period of time. (Source: ccn.com/bitcoin-cash-community-is-working-to-kick-csw-out-billionaire-jihan-wu/)

Cryptocurrency backed lending provider Cred has added Ripple as a collateral option, enabling XRP holders to get loans for their holdings without having to sell them or incur tax consequences, an official press release reports. As a lending platform that specializes in decentralized assets, Cred’s goal is to make it possible for anyone to access affordable credit products using cryptocurrencies as collateral. The blockchain startup, which was founded in 2018 by former PayPal executives, offers crypto-backed loans in several countries at single-digit rates through its Crypto Line of Credit (C-LOC). The C-LOC enables crypto holders to deposit their cryptocurrencies (Bitcoin, Ethereum, and Ripple) as collateral to access the loans. Once the loans are paid, the cryptocurrencies are sent back. Speaking on the addition of XRP as a collateral option, Cred co-founder Dan Schatt noted that the company was thrilled to “offer XRP holders the same low rates and convenient liquidity services as ETH and BTC holders,” adding that Cred will also continue to support its partners “who are integrating the Cred platform for the benefit of their users.” Mike Arrington, a crypto investor and founder of Arrington XRP Capital, who is himself a Cred user, applauded the blockchain startup for recognizing XRP as an asset class. (Source: ccn.com/crypto-loan-provider-cred-now-takes-ripple-xrp-as-collateral/)

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: 6430.51
Low: 6395.54
Close: 6406.73

According to our machine learning models, the system has recommended not to trade within this three-hour period.

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