Bitcoin and Crypto Currency Report: 17th January 2020

By: Admin
80961

Insignia Consultants

New Delhi

Friday, January 17, 2020

TIME: 10:48 am IST                

BITCOIN AND CRYPTO CURRENCY REPORT

In the past one month crypto currencies have made a remarkable recovery. More and more people are adopting crypto currencies. Only the hyper media exposure is not there. Everything positive is happening silently. However cautious optimism at the moment. I am not sure whether the current rally in bitcoin and other crypto currencies is just a pullback rally or a bullish trend.

Crypto Currencies 14 day technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

$8,784.00

$166.72

$343.84

$58.86

$11,867.60

S5

$6,106.50

$85.70

$196.76

$20.69

$8,894.40

S4

$6,749.10

$105.14

$232.06

$29.85

$9,607.97

S3

$7,445.25

$126.21

$270.30

$39.78

$10,381.00

S2

$7,761.20

$135.77

$287.66

$44.28

$10,731.84

S1

$8,152.11

$147.60

$309.13

$49.85

$11,165.92

 

 

 

 

 

 

R1

$9,415.89

$185.84

$378.55

$67.87

$12,569.28

R2

$9,806.81

$197.67

$400.02

$73.44

$13,003.36

R3

$10,122.75

$207.23

$417.38

$77.95

$13,354.20

R4

$10,818.90

$228.30

$455.62

$87.87

$14,127.23

R5

$11,461.50

$247.74

$490.92

$97.03

$14,840.80

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

  1. BTC/USD:  (a) 200 day MA at $9084.70 is the key resistance. A break of $9084.70 will result in $9621.80 and $10933. (b) Bearish trend will be there below $7986 only.
  2. ETH/USD:  (a) 100 day MA at $158.80 is the immediate support. (b) 200 day MA at $183.20 is the immediate resistance. (c) Eth/usd can rise to 216 in the short term as long as it trades over $141.
  3. BCH/USD:  (a) 200 day MA at $271 is the key support. (b) Bch/usd needs to trade over $271 to rise to $427.40 and $460. (c) Short term bearish trend will be there below $271.
  4. LTC/USD: (a) 100 day MA at $50.34 is the key support. (b) 200 day MA at $65.50 is the key resistance. (c) Ltc/usd can rise to 80.21 and $107 in the short term if it manages to trade trade over $50.34.
  5. BTC/SGD: (a) 100 day MA around $10895.80 is the key price to watch. Btc/sgd can rise to $12499.50 (200 day MA) as long as it trades over $10218.30. (b) Short term bearish phase will be there below $10895.80.

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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