New Delhi
Monday, August 5, 2019
TIME: 9:33 am IST
DAILY CRYPTO CURRENCY REPORT
Technical picture is very
bullish for btc/usd and btc/usd. The pace fo rise is much greater than the pace
of fall for most crypto currencies. Volatility upto a certain levels is needed
to attract new traders and investors. Crypto currencies have the right
volatility and trend at the moment to attract new investors. Sinking of global
bond yields should be positive for all bitcoin and others.
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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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11595.00
|
229.97
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345.65
|
95.26
|
16049.00
|
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S5
|
9067.30
|
197.00
|
278.74
|
44.28
|
12589.70
|
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S4
|
9673.95
|
204.91
|
294.80
|
56.52
|
13419.93
|
|
S3
|
10331.15
|
213.49
|
312.20
|
69.77
|
14319.35
|
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S2
|
10629.42
|
217.38
|
320.09
|
75.79
|
14727.55
|
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S1
|
10998.46
|
222.19
|
329.86
|
83.23
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15232.61
|
|
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|
|
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R1
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12191.54
|
237.75
|
361.44
|
107.29
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16865.39
|
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R2
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12560.58
|
242.56
|
371.21
|
114.73
|
17370.45
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R3
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12858.85
|
246.46
|
379.11
|
120.75
|
17778.65
|
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R4
|
13516.05
|
255.03
|
396.50
|
134.00
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18678.07
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R5
|
14122.70
|
262.94
|
412.56
|
146.24
|
19508.30
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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 can rise to 13170 in the short term as long
as it trades over 10600.
2. ETH/USD: It needs to break and trade over $243 to rise
to $197.80.
3. BCH/USD: It can rise to $379 and $428 as long as it
trades over $317. One needs to trade very carefully in bch/usd as it is lagging
behind it peers in rise.
4. LTC/USD: 100 day moving average at $104.10 is the key long
term resistance. I am against new long positions unless ltc/usd breaks and
trades over $104.10. Short term avoid.
5. BTC/SGD: It can rise to $17946 in the short term as
long as it trades over $15300.
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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