Bitcoin and Crypto Currency Report: 21st February 2020

By: Admin
27239

Insignia Consultants

New Delhi

Friday, February 21, 2020

TIME: 2:39 pm IST                

BITCOIN AND CRYPTO CURRENCY REPORT

Volatility has been high this week. ETH/USD has been the star performer. Corrections are a part of the long term rally. There are no major negative news. There can be more fall once China opens from next week followed by another bullish trend. I believe that Chinese and South Koreans who are working from home or at home (in jobs without pay) are actively trading in crypto currencies. Trading volumes can fall next week as more and more Chinese workers return to work next week.

Crypto Currencies  technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

$9,621.60

$258.40

$373.38

$71.03

$13,529.30

S5

$8,482.90

$208.16

$268.66

$52.58

$8,930.70

S4

$8,756.19

$220.22

$293.79

$57.01

$10,034.36

S3

$9,052.25

$233.28

$321.02

$61.81

$11,230.00

S2

$9,186.62

$239.21

$333.38

$63.98

$11,772.63

S1

$9,352.87

$246.54

$348.67

$66.68

$12,444.03

 

 

 

 

 

 

R1

$9,890.33

$270.26

$398.09

$75.38

$14,614.57

R2

$10,056.58

$277.59

$413.38

$78.08

$15,285.97

R3

$10,190.95

$283.52

$425.74

$80.26

$15,828.60

R4

$10,487.01

$296.58

$452.97

$85.05

$17,024.24

R5

$10,760.30

$308.64

$478.10

$89.48

$18,127.90

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

  1. BTC/USD:  (a) BTC needs to trade over $9029 to rise to $10489 and $10647. (b) Crash or bearish trend will be there only below $9029.
  2. ETH/USD:  (a) ETH needs to trade over $236.40 to rise to $283 and $303. (b) Crash or sell off will be there below $236.40 to 208.10.
  3. BCH/USD:  (a) It needs to trade over $348.20 to rise to $426.70 and $453 (b) Sell off will be there below $348.20.
  4. LTC/USD: (a) LTC needs to trade over $62.50 to rise to $91.30. (b) Sell off will be there only if it trades below $62.50.
  5. BTC/SGD: (a) Btc/sgd needs to trade over $12295 for the rest of February to rise to $15828. (b) Crash will be there below $12295.

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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