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According to the recent news, the BTC/USD kickstarted the day backed by a strong but unusual uptrend from the previous day, which saw a $275-jump within a matter of 1-2 hours. The beginning of today’s Asian session simply saw the pair maintaining the bullish bias, while trending sideways. The price action showed that some traders were expecting BTC/USD to attempt a breakout above the triangle resistance. The pair formed its weekly high towards 6833-fiat, which also turned out to be the level of reversal. Longs got closed and the price fell towards 6593-fiat. (Source: ccn.com/bitcoin-price-intraday-analysis-btc-usd-attempts-for-triangle-resistance/)
More than a dozen congressmen from the U.S. Congress has sent a letter to Securities and Exchange Commission Chairman Jay Clayton, calling for regulatory clarity regarding cryptocurrencies and asking Clayton to tell investors how the SEC plans to regulate digital currency, CNBC reported September 28. The lawmakers requested clarity on the criteria for identifying digital tokens as “investment contracts” and therefore securities, in addition to a description of the tools the SEC will use to provide more concrete guidance to innovators in the field. The letter reads: "It is important that all policy makers work toward developing clearer guidelines between those digital tokens that are securities, and those that are not, through better articulation of SEC policy, and, ultimately, through formal guidance or legislation." (Source: cointelegraph.com/news/us-congressmen-call-on-sec-for-regulatory-clarity-regarding-cryptocurrencies)
Privacy-focused bitcoin wallet Samourai is dropping fiat balances from its platform, the company announced Friday. The Samourai Wallet's latest release includes a number of changes, however, the most significant one will see the three-year-old platform change from showing stored bitcoin amounts in a U.S. dollar equivalent to showing them only in either bitcoin or satoshis. According to the post, the company made the move to force users into transacting with bitcoins, saying "we believe it is fundamental that our existing and future users understand that when they transact within the Bitcoin network, when they participate in the Bitcoin economy, they are transacting with the token native to the Bitcoin network, BTC, and nothing else." (Source: coindesk.com/samourai-wallet-stops-showing-fiat-value-of-bitcoin-balances/)
The Osiris team bought ETH for 229.20 at 21:22, September, 27 and sold for 231.00 at 09:09, September, 29, generating us 0.79% return.
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.
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