Bitcoin and Crypto Currency Technical Levels: 21st July 2019

By: Admin
47377

Insignia Consultants

New Delhi

Sunday, July 21, 2019

TIME: 3:47 pm IST                  

DAILY CRYPTO CURRENCY REPORT

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

10605.90

226.18

328.15

99.52

14718.10

S5

8326.90

140.86

226.00

48.54

11179.30

S4

8873.86

161.34

250.52

60.78

12028.61

S3

9466.40

183.52

277.08

74.03

12948.70

S2

9735.32

193.59

289.13

80.05

13366.28

S1

10068.06

206.04

304.04

87.49

13882.94

 

 

 

 

 

 

R1

11143.74

246.32

352.26

111.55

15553.26

R2

11476.48

258.77

367.17

118.99

16069.92

R3

11745.40

268.84

379.23

125.01

16487.50

R4

12337.94

291.02

405.78

138.26

17407.59

R5

12884.90

311.50

430.30

150.50

18256.90

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

New yearly highs can be formed as long as it last week’s low hold. Everyone is looking for ways and means to invest in crypto currencies. Controversies and hypes are supporting it. Volatility will rise. Key short term resistances are being tested in bitcoin and other crypto currencies. I am bullish this week.

  1. BTC/USD:  50 day moving average at $10120 is the initial support. Initial resistance is at $11087. Btc/usd will see another wave of rise if it manages to break and trade over $11087.
  2. ETH/USD:  100 day MA around $237 is the immediate resistance. A break of $237 will result in $278. Watch $237 this week.
  3. BCH/USD:  Immediate resistance is at $355.60. Bch/Usd needs to break and trade over $355.60 to start another wave of rise.
  4. LTC/USD:  100 day moving average at $102.30 is the immediate resistance. There will be another wave of rise over $102.30 or Ltc/usd needs to trade over $102.30 this week to be in bullish zone.
  5. BTC/SGD:  It needs to trade over $13595 this week to rise to $17900. Sell off will be there below $13595.

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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