New Delhi
Thursday, July 11, 2019
TIME: 9:43 am IST
DAILY CRYPTO CURRENCY REPORT
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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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11647.00
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281.36
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364.64
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102.66
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15887.70
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S5
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9595.50
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244.16
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298.80
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77.41
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13173.90
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S4
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10087.86
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253.09
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314.60
|
83.47
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13825.21
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S3
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10621.25
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262.76
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331.72
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90.04
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14530.80
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S2
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10863.33
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267.15
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339.49
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93.01
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14851.03
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S1
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11162.85
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272.58
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349.10
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96.70
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15247.24
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R1
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12131.15
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290.14
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380.18
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108.62
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16528.16
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R2
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12430.67
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295.57
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389.79
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112.31
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16924.37
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R3
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12672.75
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299.96
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397.56
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115.29
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17244.60
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R4
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13206.14
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309.63
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414.68
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121.85
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17950.19
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R5
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13698.50
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318.56
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430.48
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127.91
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18601.50
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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The fall is just profit
taking as more and more central banks express concerns over facebook’s crypto
currency. There was also some large institutional seller which has caused the
sell off this week. All crypto currencies are nearing key short term technical
support.
1. BTC/USD will
crash only if it falls below the double bottom at $11121.50.
2. ETH/USD needs
to trade over 50 day moving average of $276 to prevent a sell off.
3. BCH/USD needs
to trade over 100 day moving average of $365.00 to prevent a sell off.
4. LTC/USD needs
to trade over 100 day moving average of $101.30 to prevent a sell off.
5. BTC/SGD
needs to trade over $15731 till Friday to be in bullish 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)
You can
also mail your queries at insigniacommodity@gmail.comChat Id: telegram/whatsapp 9311139549
(10:30 am to 5:30 pm Indian time, Monday to Friday)
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