New Delhi
Wednesday, July 24, 2019
TIME: 9:49 am IST
DAILY CRYPTO CURRENCY REPORT
Like I wrote yesterday that
the momentum is down for bitcoin and other crypto currencies. The rise was due
to facebook’s libra news. Iran and other nations affected by US trade sanctions
are planning to legalize crypto currencies as a way to thwart the sanctions.
Corrections and sell off will be a part and part of the long term bull rally.
1. BTC/USD: Immediate resistance is at $9901 with $10225
as key resistance.
2. ETH/USD: It can fall to $190.50 and more as long as it
trades below $214.
3. BCH/USD: Key long term support is at $256.10, Bch/usd
needs to trade over $256.10 till end August to be in bullish zone.
4. LTC/USD: 200 day moving average at $76.40 is the key
support.
5. BTC/SGD: It needs to trade over $13576 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)
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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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