DAILY CRYPTO CURRENCY REPORT (Tuesday, July 9, 2019)
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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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12635.00
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315.40
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422.60
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122.96
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17234.40
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S5
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11009.50
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264.17
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357.10
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88.93
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15031.60
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S4
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11399.62
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276.47
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372.82
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97.10
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15560.27
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S3
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11822.25
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289.79
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389.85
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105.95
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16133.00
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S2
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12014.06
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295.83
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397.58
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109.96
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16392.93
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S1
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12251.38
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303.31
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407.14
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114.93
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16714.54
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R1
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13018.62
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327.49
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438.06
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130.99
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17754.26
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R2
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13255.94
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334.97
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447.62
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135.96
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18075.87
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R3
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13447.75
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341.02
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455.35
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139.98
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18335.80
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R4
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13870.38
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354.33
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472.38
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148.82
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18908.53
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R5
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14260.50
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366.63
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488.10
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156.99
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19437.20
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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Other than bitcoin versus
the US dollar and Singapore US dollar, rest of the crypto currencies have been
range trading for the past few days. Chinese government has also said that
facebook’s upcoming crypto currency needs to be regulated. It basically implies
that more and more central banks are preparing themselves to live in a world of
crypto currencies. Momentum is bullish for bitcoin.
1. BTC/USD is
bullish as long as it trades over $11414-$11748 zone for the rest of the week.
2. ETH/USD needs
to trade over $302.20 till Friday to be in bullish zone.
3. BCH/USD
faces key resistance at $433.30
4. LTC/USD
faces key resistance at $126.40
5. BTC/SGD is
bullish as long as it trades over $16130.
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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