Bitcoin and Crypto Currency Technical levels: 9th September 2019

By: Admin
11934

Insignia Consultants

New Delhi

Monday, September 9, 2019

TIME: 9:34 am IST                  

DAILY CRYPTO CURRENCY REPORT

Trading volumes in bitcoin CME futures are on the rise. There is speculation that CME soon introduce bitcoin options. Lots of news on the crypto space is there every day. Everything is being done to make trading easy and quicker. Traders in Hong Kong and other parts of the world affected by bad political climate are using cryto currencies for their daily needs as well as means to get out of the nation. I remain bullish on bitcoin at the moment. Sharp corrections (if any) should be used to invest for the medium term.  Intraday technical are bearish.

Crypto Currencies daily technical levels

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/sgd

CMP

10320.00

178.82

300.77

68.78

14459.20

S5

9644.00

150.08

259.08

55.36

11917.40

S4

9806.24

156.98

269.09

58.58

12527.43

S3

9982.00

164.45

279.93

62.07

13188.30

S2

10061.77

167.84

284.84

63.65

13488.23

S1

10160.46

172.04

290.93

65.61

13859.34

 

 

 

 

 

 

R1

10479.54

185.60

310.61

71.95

15059.06

R2

10578.23

189.80

316.70

73.91

15430.17

R3

10658.00

193.19

321.62

75.49

15730.10

R4

10833.76

200.66

332.45

78.98

16390.97

R5

10996.00

207.56

342.46

82.20

17001.00

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

  1. BTC/USD:  100 day moving average around $10227 is the key support. Sellers will be there below $10227.
  2. ETH/USD:  It needs to trade over $179.80 to be in weekly  bullish zone.
  3. BCH/USD:  50 day moving average around $311.50 is the key short term resistance. Bch/usd will zoom if it manages to break and trade over $311.50.
  4. LTC/USD: Litecoin needs to trade over $70.50 to be in bullish zone.
  5. BTC/SGD:  100 day moving average at $14176 is the key weekly support.

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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