New Delhi
Friday, June 21, 2019
TIME: 9:39 am IST
DAILY CRYPTO CURRENCY TECHNICAL LEVELS
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Crypto Currencies daily technical levels
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btc/usd
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eth/usd
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bch/usd
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ltc/usd
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btc/sgd
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CMP
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8764.00
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280.69
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422.24
|
137.60
|
13243.30
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S5
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8006.30
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222.04
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338.94
|
90.40
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12466.60
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S4
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8188.15
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236.12
|
358.93
|
101.73
|
12653.01
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S3
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8385.15
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251.37
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380.59
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114.00
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12854.95
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S2
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8474.56
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258.29
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390.42
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119.57
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12946.60
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S1
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8585.18
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266.85
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402.58
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126.46
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13060.00
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|
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R1
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8942.82
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294.53
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441.90
|
148.74
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13426.60
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R2
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9053.44
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303.09
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454.06
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155.63
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13540.00
|
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R3
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9142.85
|
310.02
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463.89
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161.20
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13631.65
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R4
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9339.85
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325.26
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485.55
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173.47
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13833.59
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R5
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9521.70
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339.34
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505.54
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184.80
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14020.00
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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There is lot of debate on
gold versus bitcoin or crypto currencies or crypto currencies backed by gold.
In my view there should not be any debate on this. The US dollar has outlived
its utility and needs to replaced. Digital currency or crypto currencies are
the only alternate to the US dollar. Gold will be medium of exchange among
central banks and the extreme rich. For the common man Digital currency or
crypto currencies will be used for his daily needs as well as investment needs.
If bitcoin manages to trade
over $10,000 for over two weeks, then 2017 will repeat itself. In fact the
explosive rise of crypto currencies will beat 2017. I am serious. The
difference between 2017 and 2019 or 2020 will be greater retail participation
with better security in place. In Asia Singapore and Hongkong will compete to
be the market leader in crypto trading space. BTC/SGD looks headed for $15200
as long as it trades over $10200-$10500 zone. LTC/USD will zoom if it trades
over 150-155 zone to 217. BCH/USD faces key long term resistance around $450.
ETH/USD faces key long term resistance at $303. BTC/USD will zoom if it manages
to break and trade over $10200-$10300 zone.
Insignia Consultants and its team have not invested OR traded
in crypto currencies as it is illegal to trade in India.
Before Investing or trading in crypto currencies: Crypto currencies are unregulated investment or unregulated
trading instruments. Risks are the highest among all investment class.
Disclaimer: Any opinions
as to the commentary, market information, and future direction of prices of
specific currencies, metals, crypto currencies and commodities reflect the
views of the individual analyst, In no event shall Insignia Consultants or its
employees have any liability for any losses incurred in connection with any decision
made, action or inaction taken by any party in reliance upon the information
provided in this material; or in any delays, inaccuracies, errors in, or
omissions of Information. Nothing in this
article is, or should be construed as, investment advice. Prepared by Chintan
Karnani
Further disclaimer (read very carefully)
Trading of Bitcoins is illegal in my country India. The above report is
not meant for resident Indians and Indian corporates. It is meant for traders
or corporates in nations where bitcoin and other crypto currencies have got
legal validity. Insignia Consultants and it employees are not responsible for
illegal trading of crpto currencies and/or nations where crypto currencies do
not have legal validity. Insignia Consultants does not advise on any investment
strategy which is illegal nor does not it recommend people to trade in anything
which is illegal to a nation. The above views are just technical views.
NOTES
TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN US DOLLARS UNLESS OTHERWISE
SPECIFIED
Indian Standard Time (IST): +5:30 GMT
Current Market Price (CMP)
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