Insignia Consultants
New Delhi
Wednesday, September 25, 2019
TIME: 9:31 am IST
DAILY CRYPTO CURRENCY REPORT 25th September 2019
Crypto currencies have
fallen nearly twenty percent since the last report I prepared on 13th
September. Global economic uncertainty, zero/negative interest rates in certain
nations has resulted in the common man sitting on cash or investing in gold.
Only the hedge funds and ultra-rich buy or invest in a falling market. There
are no positive news for an immediate spike. However I believe that a medium
term bottom will be formed very soon in all crypto currencies.
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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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$8,616.00
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$171.19
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$230.00
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$57.13
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$11,951.90
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S5
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$6,621.10
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$110.19
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$94.25
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$32.12
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$8,917.00
|
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S4
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$7,099.88
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$124.83
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$126.83
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$38.12
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$9,645.38
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S3
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$7,618.55
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$140.69
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$162.13
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$44.63
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$10,434.45
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S2
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$7,853.95
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$147.89
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$178.14
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$47.58
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$10,792.57
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S1
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$8,145.20
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$156.79
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$197.96
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$51.23
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$11,235.66
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R1
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$9,086.80
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$185.59
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$262.04
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$63.03
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$12,668.14
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R2
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$9,378.05
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$194.49
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$281.86
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$66.68
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$13,111.23
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R3
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$9,613.45
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$201.69
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$297.88
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$69.64
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$13,469.35
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R4
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$10,132.12
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$217.55
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$333.17
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$76.14
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$14,258.42
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R5
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$10,610.90
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$232.19
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$365.75
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$82.14
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$14,986.80
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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: 200 day moving average at $8351 is the key
support. Another wave of sell off will be there below $8351. Btc/usd needs to
trade over $9655 to be in bullish zone.
2. ETH/USD: Key resistance is at $181. There will be
another wave of rise only if eth/usd manages to break and trade over $181.
3. BCH/USD: 200 week moving average at $251.30 is the key
resistance.
4. LTC/USD: 200
week moving average at $56.10 is the key support.
5. BTC/SGD: 200
day moving average at $11460 is the key support. Sell off will be there only
below $11460.
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)
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