BITCOIN AND CRYPTO CURRENCY TECHNICAL LEVELS : 13th September 2019

Insignia Consultants

New Delhi

Friday, September 13, 2019

TIME: 9:28 am IST                  

DAILY CRYPTO CURRENCY REPORT

France says that it will do everything to stop the facebook’s crypto currency Libra. China is moving against time to launch their own digital currency before Libra. Looking at the political aspect, facebook is an American corporation. Most of the large American corporations have had a free run in every nation. I believe that nations will be helpless to stop facebook’s digital currency as facebook is backed by almost every politician and also the Vatican. Only bitcoin can give some competition to facebook. 

Crypto Currencies daily technical levels
	btc/usd	eth/usd	bch/usd	ltc/usd	btc/sgd
CMP	$10,405.00	$180.87	$298.16	$69.29	$14,446.70
S5	$9,338.50	$152.13	$256.47	$57.79	$12,905.10
S4	$9,594.46	$159.03	$266.48	$60.55	$13,275.08
S3	$9,871.75	$166.50	$277.32	$63.54	$13,675.90
S2	$9,997.60	$169.89	$282.23	$64.90	$13,857.81
S1	$10,153.31	$174.09	$288.32	$66.58	$14,082.88
R1	$10,656.69	$187.65	$308.00	$72.00	$14,810.52
R2	$10,812.40	$191.85	$314.09	$73.68	$15,035.59
R3	$10,938.25	$195.24	$319.01	$75.04	$15,217.50
R4	$11,215.54	$202.71	$329.84	$78.03	$15,618.32
R5	$11,471.50	$209.61	$339.85	$80.79	$15,988.30
CMP= Current price market price
ABOVE TECHNICALS ARE ONLY FOR REFERENCE

1.    BTC/USD:  Key long term support is at $9619. Immediate support is at $10363. Chances of $12000 and more will be very high by next week as long as btc/usd trades over $9619.

2.    ETH/USD:  It needs to trade over $175.10 to rise to $205.10. Small sell off will be there below $175.10 and crash below $164.

3.    BCH/USD:  It can rise to $308.90 and $327.60 as long as it trades over $282.70.

4.    LTC/USD: Litecoin needs to trade over $62.10 to rise to $78.40 and $91.30 in the near term, Crash will be there only below $62.10.

5.    BTC/SGD: It can rise to $15000 and $11500 as long as it trades over $13900-$14100 zone. Immediate support is at $14302. Short term bearish trend will be there only below $13900 for the rest of the month.

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.com
Chat Id: telegram/whatsapp 9311139549
              (10:30 am to 5:30 pm Indian time, Monday to Friday)