New Delhi
Monday, August 19, 2019
TIME: 09:38 am IST
DAILY CRYPTO CURRENCY REPORT
Every crypto currency
crashed and recovered as I prepare this report after seven days. Traders and
investors to me are on the sidelines. Sharp dips are used to invest/trade BUT
exit’s or profit taking is even quicker. China launching its own crypto
currency, facebook’s libra news are now historical news. Most of the crypto
currency trading volumes are from USA, Europe and Japan. These nations are
experiencing last phase of summer vacation. Trading volumes will rise only from
September. I believe that almost crypto currencies should form a long term
bottom in the next three weeks.
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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
|
ltc/usd
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btc/sgd
|
|
CMP
|
10418.00
|
196.88
|
319.66
|
76.80
|
14623.80
|
|
S5
|
7633.00
|
131.66
|
263.43
|
40.44
|
10485.80
|
|
S4
|
8301.40
|
147.31
|
276.93
|
49.17
|
11478.92
|
|
S3
|
9025.50
|
164.27
|
291.55
|
58.62
|
12554.80
|
|
S2
|
9354.13
|
171.97
|
298.18
|
62.91
|
13043.08
|
|
S1
|
9760.74
|
181.49
|
306.39
|
68.22
|
13647.23
|
|
|
|
|
|
|
|
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R1
|
11075.26
|
212.27
|
332.93
|
85.38
|
15600.37
|
|
R2
|
11481.87
|
221.79
|
341.14
|
90.69
|
16204.52
|
|
R3
|
11810.50
|
229.49
|
347.78
|
94.98
|
16692.80
|
|
R4
|
12534.60
|
246.45
|
362.39
|
104.43
|
17768.68
|
|
R5
|
13203.00
|
262.10
|
375.89
|
113.16
|
18761.80
|
|
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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1. BTC/USD: It needs to trade over $10781 to be in weekly
bullish zone. Key long term support is at $9538.
2. ETH/USD: 200 day MA at $198.40 is the key price to
watch.
3. BCH/USD: It is bullish as long as it trades over $296-$305
zone.
4. LTC/USD: 200 day MA around $83.60 is the key
resistance.
5. BTC/SGD: 100 day at $13525 is the key weekly support.
Btc/sgd is bullish as long as it trades over $13525.
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
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