New Delhi
Wednesday, July 17, 2019
TIME: 9:56 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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9393.10
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197.50
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284.30
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78.97
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12895.30
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S5
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5446.30
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112.18
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182.15
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27.99
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9579.70
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S4
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6393.53
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132.66
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206.67
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40.23
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10375.44
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S3
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7419.70
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154.84
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233.23
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53.48
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11237.50
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S2
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7885.42
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164.91
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245.28
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59.50
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11628.74
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S1
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8461.66
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177.36
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260.19
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66.94
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12112.82
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R1
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10324.54
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217.64
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308.41
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91.00
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13677.78
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R2
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10900.78
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230.09
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323.32
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98.44
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14161.86
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R3
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11366.50
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240.16
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335.38
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104.46
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14553.10
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R4
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12392.67
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262.34
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361.93
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117.71
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15415.16
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R5
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13339.90
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282.82
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386.45
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129.95
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16210.90
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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The hype facebook’s libra is
over. Hence the correction. This is not a medium term bearish trend in crypto
currencies. Sharp correction till Sunday (if any) should be used to invest with
trailing stop loss. Regulations and mergers and acquisition will be there.
Volatility will be very high in the short term.
HOWEVER if crypto currencies fall next week, then there will be panic
selling.
1. BTC/USD: Long term support is at $8945. Btc/usd needs
to trade over $8945 to be in bullish zone for the rest of the month.
2. ETH/USD: 100% retracement is at $184. Eth/usd needs to
trade over $184 to be in short term bullish zone and target $233 and $252. Sell
off will be there only below $184.
3. BCH/USD: 200 day MA at $255 is the long term support. Bch/usd
can rise to $345.50.
4. LTC/USD: 100% retracement is at $70.80. Crash or
another wave of sell off will be there below $70.80 to $59.90 and more.
5. BTC/SGD: 100% retracement at $12413. There can be sharp
pullback rallies as long as btc/sgd trades over $12413.
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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