Bitcoin and Crypto Currency Report: 10th February 2020

By: Admin
148473

Insignia Consultants

New Delhi

Monday, February 10, 2020

TIME: 10:35 am IST                

BITCOIN AND CRYPTO CURRENCY REPORT

Silent rise without any hype of bitcoin and other crypto currencies implies that the current rise will be sustainable. There is wider retail adoption of bitcoin and other crypto currencies worldwide. Frequent global financial market uncertainties every now and then has resulted more and more people using crypto currencies for their daily needs and not just for trading and investment.

If bitcoin and other crypto currencies rise over the next two weeks, then be prepared for alteast twenty percent more rise by middle of March.

Sharp correction (if any) can happen without any reason. If you are trader or an investors use stop losses and other financial market techniques to minimize losses or maximize returns.

Crypto Currencies 14 day technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

$10,037.00

$224.10

$445.65

$75.32

$13,944.40

S5

$8,962.50

$153.66

$355.59

$49.62

$10,960.70

S4

$9,220.38

$170.57

$377.20

$55.79

$11,676.79

S3

$9,499.75

$188.88

$400.62

$62.47

$12,452.55

S2

$9,626.54

$197.19

$411.25

$65.50

$12,804.63

S1

$9,783.42

$207.48

$424.40

$69.25

$13,240.25

 

 

 

 

 

 

R1

$10,290.58

$240.72

$466.90

$81.39

$14,648.55

R2

$10,447.46

$251.01

$480.05

$85.14

$15,084.17

R3

$10,574.25

$259.32

$490.68

$88.17

$15,436.25

R4

$10,853.62

$277.63

$514.10

$94.85

$16,212.01

R5

$11,111.50

$294.54

$535.71

$101.02

$16,928.10

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

  1. BTC/USD:  (a) Key resistance is at $10464.10. A break of $10464.10 will result in $10986 and $12307. (b) Sell off will be there below $9871 this week.
  2. ETH/USD:  (a) Key resistance is at $240.50. ETH needs to break and trade over $240.50 to rise to $268 and $288. (b) Overall trend is bullish as long as eth/usd trades below $198-$205 zone.
  3. BCH/USD:  (a) It needs to trade over $417.50 to rise to $490 and $535 in the short term (b) Sell off will be there below $417.50.
  4. LTC/USD: (a) Key resistance is at $80.20. Ltc/usd needs to break and trade over 80.20 to rise to $92.20 and $107. (b) Sell off will be there below $59.90 this week.
  5. BTC/SGD: (a) There is a big technical resistance between $14300-$14600-$14860. (b) Btc/sgd needs to break and trade over this zone to rise to $15526.70. (c) Crash or sell off will be there if btc/sgd trades below $12917 this week.

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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