Quote from: gabbie2010 on January 17, 2019, 08:20:34 PM

To me the market had been stagnant with no noticeable improvement or increment in the price even with your price analysis the percentage increase is nothing to write home about except a fundamental news happens I don't think the price will pump and break the resistance at $4k.

Now there is very little information about it. Even press pages have nothing to write for us to see .
news:
Another week has passed in cryptocurrency land, during which most digital asset markets have been consolidating tightly into a downward triangular pattern. At the moment, the entire crypto economy of all 2,000+ assets is hovering at about $120 billion with around $15.6 billion worth of global trades. Currently, bitcoin core (BTC) prices are meandering just above $3,650 with a market capitalization of about $63.8 billion. BTC captures roughly $5.2 billion in trade volume but the asset is down 2.6% for the week.

Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain
BTC/USD shorts and longs on Bitfinex. Jan. 17, 2019.
In contrast to futures prices, BTC/USD shorts on Bitfinex have dropped significantly and there are considerably less short positions than in the last three weeks. ETH/USD short positions are much lower than before as well with only 280,000 shorts. Civic CEO Vinny Lingham, who is sometimes referred to as the Oracle because of his past price predictions, explained in a recent interview that BTC will likely trade sideways for a few weeks.

The reality is itll probably trade sideways between $3,000 and $5,000 for another month or two while its trying to find which way to go, Lingham said. When it finds that direction, therell be a breakout or a breakdown, the Civic founder added.

His statement aligns with the view held by many traders and forecasters, who remain uncertain of the future of cryptocurrency prices, at least over the short term. Technical analysis, futures prices, shorts and longs, and other indicators will give traders some hints, but as with the worlds traditional markets, anything can happen.

According to a survey by Credit Karma published Jan. 15, crypto investors in the United States who sold their Bitcoin holdings have lost a total of $1.7 billion. A slight majority of Americans 53 percent plan to report their Bitcoin losses for the purpose of tax deductions, while 19 percent are still undecided. The survey also found that 35 percent of the participants that sold their crypto at a loss will not report their losses on their tax returns.

Earlier today, Cointelegraph reported that Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum that the massive 2018 bear market is not a reason to bury crypto, stressing that all social and economic phenomena have both a bright side and a dark side to them.

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