Bitcoin and Crypto Currency Technical Levels: 15th July 2019

By: Admin
50359

Insignia Consultants

New Delhi

Monday, July 15, 2019

TIME: 10:12 am IST                

DAILY CRYPTO CURRENCY REPORT

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

10179.00

221.51

82.65

88.56

14108.40

S5

6937.10

108.05

-19.40

44.29

11760.10

S4

7715.16

135.28

5.09

54.91

12323.69

S3

8558.05

164.78

31.63

66.43

12934.25

S2

8940.59

178.17

43.67

71.65

13211.35

S1

9413.91

194.73

58.57

78.11

13554.20

 

 

 

 

 

 

R1

10944.09

248.29

106.73

99.01

14662.60

R2

11417.41

264.85

121.63

105.47

15005.45

R3

11799.95

278.24

133.68

110.70

15282.55

R4

12642.84

307.74

160.21

122.21

15893.11

R5

13420.90

334.97

184.70

132.83

16456.70

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

Institutions selling and retail investors and new retail traders buying, the crash was bound to happen. One cannot beat institutions. Trump’s criticism of crypto currencies over the weekend added fuel to the bears. The fall in all crypto currencies is a short term correction or bearish phase and not sell off. Volatility of twenty percent on intraday is the norm. If you cannot take a risk of around twenty percent, then avoid crypto currencies. But once you trading and investing in crypto currencies, you will be addicted to it. Crypto’s is the new anti-anxiety pill of the investment world.

  1. BTC/USD:  50 day moving at $9908 is the support. 100% retracement at $9557.80 is the key short term support.
  2. ETH/USD:  100 day MA at $233 is the resistance. It will not be easy to fall below $184-$194 in the short term.
  3. BCH/USD:  200 day MA at $255 is the long term support.
  4. LTC/USD:  200 day MA at $73.60 is the key support. 100 day MA at $101.60 is the resistance.
  5. BTC/SGD:  100% retracement at $13245 is the key short term 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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