Tuesday, 18 June 2019

BITCOIN AND CRYPTO CURRENCY TECHNICAL LEVELS : 18th June 2019


Tejal Commodity
New Delhi
Tuesday, June 18, 2019
TIME: 9:32 am IST          
DAILY CRYPTO CURRENCY TECHNICAL LEVELS
Crypto Currencies daily technical levels

btc/usd
eth/usd
bch/usd
ltc/usd
btc/sgd
CMP
9263.80
270.85
425.36
133.00
12859.60
S5
8760.80
232.45
397.86
100.37
12116.40
S4
8881.52
241.67
404.46
108.20
12294.77
S3
9012.30
251.65
411.61
116.69
12488.00
S2
9071.65
256.18
414.86
120.54
12575.70
S1
9145.09
261.79
418.87
125.30
12684.20






R1
9382.51
279.91
431.85
140.70
13035.00
R2
9455.95
285.52
435.87
145.46
13143.50
R3
9515.30
290.05
439.11
149.32
13231.20
R4
9646.08
300.03
446.26
157.80
13424.43
R5
9766.80
309.25
452.86
165.63
13602.80

CMP= Current price market price
ABOVE TECHNICALS ARE ONLY FOR REFERENCE
Other than bitcoin rest of the crypto currencies are steady. They will rise and play catch up as bitcoin is trading over $10,000. Psychological level is at $10,000 is the key price to watch. If BTC/USD is able to break and trade over $10,000, then there will be short covering and a new rally for all crypto currencies and not just bitcoin. I am bullish. BTC/SGD should outperform its peer crypto currencies by a big margin over next few weeks.
I just hope facebook starts its digital coin quickly. Central banks including the Reserve bank of India (RBI) will be forced to approve trading in digital coins and crypto currencies once facebook starts its own digital coin.
Tejal Commodity 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 Tejal Commodity 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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