Bitcoin and Crypto Currency Technical levels: 3rd September 2019

By: Admin
3 weeks ago
7615

Insignia Consultants

New Delhi

Tuesday, September 3, 2019

TIME: 9:49 am IST                  

DAILY CRYPTO CURRENCY REPORT

All kinds of positive news has been there in the crypto currency space in the past one week. A number of well known also want to launch their own crypto currency and list the same in Singapore. The oil rich Arab sheikhs are investing heavily in crypto currency startups. It is just a matter of week if not days, when crypto currencies start rising. Price moves suggest that bitcoin is the only crypto currency. Retail investors prefer bitcoin for trade and investment.

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

10411.00

179.01

96.23

66.86

14855.40

S5

9472.00

149.06

51.89

49.94

13203.70

S4

9697.36

156.25

62.53

54.00

13600.11

S3

9941.50

164.04

74.06

58.40

14029.55

S2

10052.30

167.57

79.29

60.40

14224.45

S1

10189.40

171.94

85.77

62.87

14465.60

 

 

 

 

 

 

R1

10632.60

186.08

106.69

70.85

15245.20

R2

10769.70

190.45

113.17

73.32

15486.35

R3

10880.50

193.99

118.40

75.32

15681.25

R4

11124.64

201.77

129.93

79.72

16110.69

R5

11350.00

208.96

140.57

83.78

16507.10

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

  1. BTC/USD:  50 day moving average around $10403 is the key price to watch.
  2. ETH/USD:  It needs to trade over $184.60 to be in bullish zone.
  3. BCH/USD:  200 day moving average around $300.90 is the key long term resistance.
  4. LTC/USD:  100% retracement at $59.90 is the key long term support.
  5. BTC/SGD:  100 day MA around $14016.40 is the key long term support. Trend is bullish as long as $14016.40 holds on daily closing basis.

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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