Bitcoin and Crypto Currency Technical levels: 5th September 2019

By: Admin
3 weeks ago
6098

Insignia Consultants

New Delhi

Thursday, September 5, 2019

TIME: 9:33 am IST                  

DAILY CRYPTO CURRENCY REPORT

The current prices in bitcoin and crypto currencies is just a consolidation before the next big upward move. There is wider adoption of crypto currencies. Every day there are more positive news than negative news on the crypto currencies. I repeat once again, that Bitcoin seems to be the only mass adopted crypto currencies. Asian should shift to Singapore if they want to trade and invest in crypto currencies.

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

10602.00

175.15

293.13

67.08

14654.10

S5

9320.85

149.34

248.79

53.66

13002.40

S4

9628.33

155.53

259.43

56.88

13398.81

S3

9961.43

162.25

270.96

60.37

13828.25

S2

10112.60

165.29

276.19

61.95

14023.15

S1

10299.65

169.06

282.67

63.91

14264.30

 

 

 

 

 

 

R1

10904.35

181.24

303.59

70.25

15043.90

R2

11091.40

185.01

310.07

72.21

15285.05

R3

11242.58

188.06

315.30

73.79

15479.95

R4

11575.67

194.77

326.83

77.28

15909.39

R5

11883.15

200.96

337.47

80.50

16305.80

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

  1. BTC/USD:  50 day moving average around $10449 is the key support. Overall trend is bullish as long as btc/usd trades over $9980.
  2. ETH/USD:  It needs to trade over $183.40 to be in short term bullish zone.
  3. BCH/USD:  200 day moving average around $302.60 is the key long term resistance. Bch/usd needs to trade over $268 for the rest of the month to rise to $328 and more.
  4. LTC/USD:  100% retracement at $59.90 is the key long term support. Key short term resistance is at $70.52.
  5. BTC/SGD:  Trend is bullish as long as $14448.50 holds on daily closing basis. Btc/sgd needs to trade over $13900-$14100 zone till Monday to rise to $16230 and more.

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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