Bitcoin, ETH and other crypto currencies technical view: 18th January 2021

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BITCOIN AND CRYPTO CURRENCY REPORT FOR 18TH JANUARY 2021
12:40 IST   SUPPORT RESISTANCE VIEW & TRADING CALL
  Current price S1 S2 R1 R2  
BTC/USD $35,849.00 $31,895.00 $33,982.70 $37,715.00 $39,803.00 Btc/usd needs to trade over $30500-$31500  zone till 31st January to rise to $39803 and $43757. It will crash or move into a short term bearish phase only if it trades below $31500 for a week. 
ETH/USD $1,214.80 $1,106.70 $1,181.20 $1,248.30 $1,322.80 Eth/usd needs to trade over $1143 till Sunday to rise to $1285 and $1322. There will be sell off only if eth/usd trades below $1143.
BTC/SGD $46,490.00 $41,601.70 $44,182.70 $48,797.30 $51,378.30 Btc/sgd has to trade over $41601 till 31st January to be in a bullish zone.
             
BCH/USD $477.60 $412.80 $457.40 $497.70 $520.20 Bch/usd  needs to trade over $435.00 to rise to $520 and $560.00. Btc/usd will crash only if it falls below $435.00.
LTC/USD $141.80 $117.80 $130.50 $153.10 $165.70 Ltc/usd needs to trade over $117.80 to be in a short term bullish zone and rise to $165 and $189.00. It will crash only if it falls below $117.80.
             
BTC/INR ? 26,20,964 ? 22,76,722 ? 24,58,581 ? 27,83,446 ? 29,65,206 Btc/inr needs to trade over 24,58,481 to be in a short term bullish zone and to rise to 29,65, 206 and more. There will be a sell off only if btc/inr falls below 24,58,481.
             
COMMENTARY
There will be very sharp two way price moves for the rest of the month in bitcoin and other crypto currencies. More and more people will invest in crypto currencies as the month progresses and quarter progresses. One should get swayed by extreme negative media reports/social media hype on bitcoin and crypto currencies. They are here to stay and will not vanish. Price fluctuations upto fifty percent in the medium term will be there. But a head-shoulder formation is there. Twitter, facebook and social media banning people and personalities for life could be the next big catalyst to attract invest in crypto currencies from every nook and corner of the earth. Social media companies taking the world to a ransom will be bullish for selected crypto currencies and gold and other precious metals. 
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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 Website www.insigniaconsultants.in Customer care: 91-11-9311139549