Bitcoin and Crypto Currency Technical levels: 25th September 2019

By: Admin
12824

Insignia Consultants

New Delhi

Wednesday, September 25, 2019

TIME: 9:31 am IST                  

DAILY CRYPTO CURRENCY REPORT

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.  

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

$8,616.00

$171.19

$230.00

$57.13

$11,951.90

S5

$6,621.10

$110.19

$94.25

$32.12

$8,917.00

S4

$7,099.88

$124.83

$126.83

$38.12

$9,645.38

S3

$7,618.55

$140.69

$162.13

$44.63

$10,434.45

S2

$7,853.95

$147.89

$178.14

$47.58

$10,792.57

S1

$8,145.20

$156.79

$197.96

$51.23

$11,235.66

 

 

 

 

 

 

R1

$9,086.80

$185.59

$262.04

$63.03

$12,668.14

R2

$9,378.05

$194.49

$281.86

$66.68

$13,111.23

R3

$9,613.45

$201.69

$297.88

$69.64

$13,469.35

R4

$10,132.12

$217.55

$333.17

$76.14

$14,258.42

R5

$10,610.90

$232.19

$365.75

$82.14

$14,986.80

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

  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)

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