New Delhi
Tuesday, August 6, 2019
TIME: 9:25 am IST
DAILY CRYPTO CURRENCY REPORT
US branding China as a
currency manipulator is the next best thing to happen to bitcoin and crypto
currency bulls after facebook libra news. I expect ten percent rise in almost
all crypto currencies over the next two weeks. Every news is bullish and
presents a case for greater mass adoption of crypto currencies. Central banks
have converted global bond markets into a Las Vegas with zero yield. Stock markets
volatility is draconian. Currency markets are stable with blips of knee jerk
moves. Only gold is giving the best investment return so far. If your country
allows you to invest and trade in crypto currencies then start now. It is never
too late.
For technical support and
resistance, please read previous day report. Link here: http://www.insigniaconsultants.in/Reports/Index/743/bitcoin-and-crypto-currency-technical-levels
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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