New Delhi
Monday, September 9, 2019
TIME: 9:34 am IST
DAILY CRYPTO CURRENCY REPORT
Trading volumes in bitcoin
CME futures are on the rise. There is speculation that CME soon introduce
bitcoin options. Lots of news on the crypto space is there every day.
Everything is being done to make trading easy and quicker. Traders in Hong Kong
and other parts of the world affected by bad political climate are using cryto
currencies for their daily needs as well as means to get out of the nation. I
remain bullish on bitcoin at the moment. Sharp corrections (if any) should be
used to invest for the medium term.
Intraday technical are bearish.
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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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10320.00
|
178.82
|
300.77
|
68.78
|
14459.20
|
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S5
|
9644.00
|
150.08
|
259.08
|
55.36
|
11917.40
|
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S4
|
9806.24
|
156.98
|
269.09
|
58.58
|
12527.43
|
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S3
|
9982.00
|
164.45
|
279.93
|
62.07
|
13188.30
|
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S2
|
10061.77
|
167.84
|
284.84
|
63.65
|
13488.23
|
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S1
|
10160.46
|
172.04
|
290.93
|
65.61
|
13859.34
|
|
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|
|
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R1
|
10479.54
|
185.60
|
310.61
|
71.95
|
15059.06
|
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R2
|
10578.23
|
189.80
|
316.70
|
73.91
|
15430.17
|
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R3
|
10658.00
|
193.19
|
321.62
|
75.49
|
15730.10
|
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R4
|
10833.76
|
200.66
|
332.45
|
78.98
|
16390.97
|
|
R5
|
10996.00
|
207.56
|
342.46
|
82.20
|
17001.00
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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: 100 day moving average around $10227 is the
key support. Sellers will be there below $10227.
2. ETH/USD: It needs to trade over $179.80 to be in weekly
bullish zone.
3. BCH/USD: 50 day moving average around $311.50 is the
key short term resistance. Bch/usd will zoom if it manages to break and trade
over $311.50.
4. LTC/USD: Litecoin
needs to trade over $70.50 to be in bullish zone.
5. BTC/SGD: 100 day moving average at $14176 is the key
weekly support.
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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