New Delhi
Friday, August 2, 2019
TIME: 9:23 am IST
DAILY CRYPTO CURRENCY REPORT
Negative interest rates and
negative bond yields is drawing more and more traders to crypto currencies.
There are news that Chinese are using the bitcoin and other forms of crypto
currencies to send and receive money. Trump induced trade war will only
increase the usage of crypto currencies. Chinese and American companies will be
increasing their usage of crypto currencies to bypass Trump induced trade sanctions.
Global trade war will only result in greater acceptability and greater usage of
crypto currencies. Trend at the moment is bullish for all crypto currencies.
|
Crypto Currencies daily technical levels
|
|||||
|
|
btc/usd
|
eth/usd
|
bch/usd
|
ltc/usd
|
btc/sgd
|
|
CMP
|
10363.00
|
216.08
|
326.00
|
96.04
|
14076.00
|
|
S5
|
8664.30
|
184.43
|
263.57
|
45.06
|
12169.50
|
|
S4
|
9071.99
|
192.03
|
278.55
|
57.30
|
12627.06
|
|
S3
|
9513.65
|
200.26
|
294.79
|
70.55
|
13122.75
|
|
S2
|
9714.10
|
203.99
|
302.15
|
76.57
|
13347.72
|
|
S1
|
9962.11
|
208.61
|
311.27
|
84.01
|
13626.07
|
|
|
|
|
|
|
|
|
R1
|
10763.89
|
223.55
|
340.73
|
108.07
|
14525.93
|
|
R2
|
11011.90
|
228.17
|
349.85
|
115.51
|
14804.28
|
|
R3
|
11212.35
|
231.91
|
357.22
|
121.53
|
15029.25
|
|
R4
|
11654.01
|
240.13
|
373.45
|
134.78
|
15524.94
|
|
R5
|
12061.70
|
247.73
|
388.43
|
147.02
|
15982.50
|
|
|
|||||
|
CMP= Current price market price
|
|||||
|
ABOVE TECHNICALS ARE ONLY FOR REFERENCE
|
|||||
1. BTC/USD: 50 day moving average at $10572 is the key
short term resistance.
2. ETH/USD: It needs to trade over $217 till Sunday to
rise to $277.90. Watch $217 all the time. Eth/usd can move $15-$20 either side
anytime from $217.
3. BCH/USD: It needs to trade over $313.10 to rise to
$346.20. Sell off will be there below $313.10.
4. LTC/USD: 100 day moving average at $103.50 is the key long
term resistance.
5. BTC/SGD: 50 day moving average at $14494 is the key
resistance.
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)
No comments:
Post a Comment