Bitcoin and Crypto Currency Technical Levels: 12th August 2019

By: Admin
5 days ago
3438

Insignia Consultants

New Delhi

Monday, August 12, 2019

TIME: 10:16 am IST                

DAILY CRYPTO CURRENCY REPORT

There is a speculation that China is readying its own crypto currency. Last week all crypto currencies zoomed. Trend for all crypto currencies are bullish. Bitcoin is going to the leader. However a break of last week’s high can result in a very quick five percent rise anytime. One thing is for sure, bitcoin and crypto currencies will be the biggest beneficiary after gold, in the Trump induced global trade war. To me, US president Donald Trump is the unofficial brand ambassador of Bitcoin and other crypto currencies.

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

11469.00

214.45

339.12

88.56

15857.00

S5

9757.00

176.61

289.04

44.38

12845.90

S4

10167.88

185.69

301.06

54.98

13568.56

S3

10613.00

195.53

314.08

66.47

14351.45

S2

10815.02

200.00

319.99

71.68

14706.76

S1

11064.97

205.52

327.30

78.13

15146.38

 

 

 

 

 

 

R1

11873.03

223.38

350.94

98.99

16567.62

R2

12122.98

228.90

358.25

105.44

17007.24

R3

12325.00

233.37

364.16

110.65

17362.55

R4

12770.12

243.21

377.18

122.14

18145.44

R5

13181.00

252.29

389.20

132.74

18868.10

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

  1. BTC/USD:  It is bullish as long as it trades over $10968.
  2. ETH/USD:  It needs to break and trade over $217 this week to be in bullish zone.
  3. BCH/USD:  It is bullish as long as it trades over $313.
  4. LTC/USD:  It needs to trade over $70-$75 to be in medium term bullish zone.
  5. BTC/SGD:  It needs to trade over $15064 this week to be in bullish zone.

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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