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The past few hours were mostly for bitcoin price below the $3,840 resistance against the US Dollar . The BTC/USD pair started an upside correction after trading as low as $3,669. It moved above the $3,700 and $3,740 levels. There was even a break above the 23.6% Fib retracement level of the recent drop from the $4,250 swing high to $3,669 low. However, the upside move was capped by the $3,840 and $3,850 resistances. (Source: https://www.newsbtc.com/2018/12/27/bitco...)
Cryptocurrencies may soon become legal in India, a country known for its not-so-friendly approach to the nascent industry that has in the past moved to ban digital assets. This, as the crypto community in the country has been pressuring the government. According to local news outlet New India Express, an interdisciplinary committee set up by the Indian government is looking into regulating and legalizing cryptocurrencies, although with tough terms and conditions. A senior official who reportedly attended related discussions was quoted as saying: "We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalized with strong riders. Deliberations are on. We will have more clarity soon." The New India Express’ report comes days after another local news outlet claimed the same interdisciplinary committee is working to ban cryptocurrencies from India. This is notably the second committee the Indian government set up to look into cryptocurrencies, and it includes officials from the Reserve Bank of India – the country’s , the MeitY (Ministry of Electronics and Information Technology), among others. (Read more: https://www.cryptoglobe.com/latest/2018/...)
A man in Taiwan has been arrested over claims he mined millions of dollars’-worth of cryptos using stolen power. According to a report from EBC Dongsen News on Wednesday, a man with the surname Yang is suspected of stealing electricity valued at over NT$100 million ($3.25 million) via his various business premises to mine Bitcoin and Ether, reaping around the same amount in mining profits. Yang reportedly tapped the power supply at 17 stores in Taiwan for his illicit crypto mining operations. He would first rent an internet cafe or a toy store, then hire electricians to redesign the wiring so that the stolen electricity would not be metered, the report alleges. Taiwan Power Company, the island’s state-owned utility provider, first discovered the operations after noticing an unstable power supply and launching an investigation. Yang was suspected and subsequently arrested by the police. (Read more: https://www.coindesk.com/suspected-elect...)
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.
Thank you for staying in touch and good luck in your today's trades!
We are currently revising our algorithms to effectively integrate financial, fundamental and sentiment data analysis for crypto price predictions and trading recommendations. That is why the feature is temporarily disabled. Stay tuned for future updates, as our trading recommendations are scheduled to return in early January. Happy New Year and good luck in your trades!