Thursday, July 18, 2019
TIME: 10:02 am IST
DAILY CRYPTO CURRENCY REPORT
Japan’s Finance minister has asked his G7 counterparts to make a comprehensive assessment of facebook’s Libra. He called for central banks to look for fresh challenges that can be overlooked by existing regulations. Our View: It seems Japan does not have any objection on facebook’s libra. He just wants all central banks to be ahead in the regulatory aspect and behind it.
Volatility has been on the higher side. In the short term Bitcoin and other crypto currencies have room to fall further. A ten percent fall from current price will be a correction. While a more than ten percent fall can result in retail traders shunning crypto currencies.
I am giving technical levels today. One can use technical levels in yesterday’s report as reference.
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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