Tuesday, August 6, 2019
TIME: 9:25 am IST
DAILY CRYPTO CURRENCY REPORT
US branding China as a currency manipulator is the next best thing to happen to bitcoin and crypto currency bulls after facebook libra news. I expect ten percent rise in almost all crypto currencies over the next two weeks. Every news is bullish and presents a case for greater mass adoption of crypto currencies. Central banks have converted global bond markets into a Las Vegas with zero yield. Stock markets volatility is draconian. Currency markets are stable with blips of knee jerk moves. Only gold is giving the best investment return so far. If your country allows you to invest and trade in crypto currencies then start now. It is never too late.
For technical support and resistance, please read previous day report. Link here: http://www.insigniaconsultants.in/Reports/Index/743/bitcoin-and-crypto-currency-technical-levels
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
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Current Market Price (CMP)
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