New Delhi
Thursday, September 5, 2019
TIME: 9:33 am IST
DAILY CRYPTO CURRENCY REPORT
The current prices in
bitcoin and crypto currencies is just a consolidation before the next big
upward move. There is wider adoption of crypto currencies. Every day there are
more positive news than negative news on the crypto currencies. I repeat once
again, that Bitcoin seems to be the only mass adopted crypto currencies. Asian
should shift to Singapore if they want to trade and invest in 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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10602.00
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175.15
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293.13
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67.08
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14654.10
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S5
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9320.85
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149.34
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248.79
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53.66
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13002.40
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S4
|
9628.33
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155.53
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259.43
|
56.88
|
13398.81
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S3
|
9961.43
|
162.25
|
270.96
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60.37
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13828.25
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S2
|
10112.60
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165.29
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276.19
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61.95
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14023.15
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S1
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10299.65
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169.06
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282.67
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63.91
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14264.30
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R1
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10904.35
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181.24
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303.59
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70.25
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15043.90
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R2
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11091.40
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185.01
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310.07
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72.21
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15285.05
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R3
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11242.58
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188.06
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315.30
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73.79
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15479.95
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R4
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11575.67
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194.77
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326.83
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77.28
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15909.39
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R5
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11883.15
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200.96
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337.47
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80.50
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16305.80
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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: 50 day moving average around $10449 is the key
support. Overall trend is bullish as long as btc/usd trades over $9980.
2. ETH/USD: It needs to trade over $183.40 to be in short
term bullish zone.
3. BCH/USD: 200 day moving average around $302.60 is the
key long term resistance. Bch/usd needs to trade over $268 for the rest of the
month to rise to $328 and more.
4. LTC/USD: 100% retracement at $59.90 is the key long
term support. Key short term resistance is at $70.52.
5. BTC/SGD: Trend is bullish as long as $14448.50 holds on
daily closing basis. Btc/sgd needs to trade over $13900-$14100 zone till Monday
to rise to $16230 and more.
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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