Bitcoin and Crypto Currency Technical Levels: 17th July 2019

By: Admin
19016

Insignia Consultants

New Delhi

Wednesday, July 17, 2019

TIME: 9:56 am IST                  

DAILY CRYPTO CURRENCY REPORT

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

9393.10

197.50

284.30

78.97

12895.30

S5

5446.30

112.18

182.15

27.99

9579.70

S4

6393.53

132.66

206.67

40.23

10375.44

S3

7419.70

154.84

233.23

53.48

11237.50

S2

7885.42

164.91

245.28

59.50

11628.74

S1

8461.66

177.36

260.19

66.94

12112.82

 

 

 

 

 

 

R1

10324.54

217.64

308.41

91.00

13677.78

R2

10900.78

230.09

323.32

98.44

14161.86

R3

11366.50

240.16

335.38

104.46

14553.10

R4

12392.67

262.34

361.93

117.71

15415.16

R5

13339.90

282.82

386.45

129.95

16210.90

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

The hype facebook’s libra is over. Hence the correction. This is not a medium term bearish trend in crypto currencies. Sharp correction till Sunday (if any) should be used to invest with trailing stop loss. Regulations and mergers and acquisition will be there. Volatility will be very high in the short term.  HOWEVER if crypto currencies fall next week, then there will be panic selling.

  1. BTC/USD:  Long term support is at $8945. Btc/usd needs to trade over $8945 to be in bullish zone for the rest of the month.
  2. ETH/USD:  100% retracement is at $184. Eth/usd needs to trade over $184 to be in short term bullish zone and target $233 and $252. Sell off will be there only below $184.
  3. BCH/USD:  200 day MA at $255 is the long term support. Bch/usd can rise to $345.50.
  4. LTC/USD:  100% retracement is at $70.80. Crash or another wave of sell off will be there below $70.80 to $59.90 and more.
  5. BTC/SGD:  100% retracement at $12413. There can be sharp pullback rallies as long as btc/sgd trades over $12413.

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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