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BTCUSD Daily Market Analysis 16th NOV 2024 by K9 Investments Trading


💬 WhatsApp K9 Investments Trading: www.k9investmentstrading.com for FREE Gold Forex Live Trade Setups & Market Analysis.


📈 Live Market Price: BTCUSD is trading at 91,685 USD.


BTCUSD Intraday Signals by K9 Investments Trading

🥇 FREE Gold Crypto Forex Trading Signals Telegram Channel: @K9_Investments_GoldTrading

Signal 1:

  • Trade Type: Buy

  • Entry Point: 91,800 USD

  • Stop Loss (SL): 91,200 USD

  • Take Profit 1 (TP1): 92,500 USD

  • Take Profit 2 (TP2): 93,000 USD

Signal 2:

  • Trade Type: Sell

  • Entry Point: 91,500 USD

  • Stop Loss (SL): 92,000 USD

  • Take Profit 1 (TP1): 90,800 USD

  • Take Profit 2 (TP2): 90,200 USD

⚠️ Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. For full disclosure, visit K9 Investments Risk Policy.


Comprehensive BTCUSD Market Analysis

BTCUSD Technical Overview

BTCUSD's current price at 91,685 USD shows a mix of bullish and bearish momentum based on intraday indicators.

Daily Time Frame Analysis

1️⃣ Fibonacci Retracement Levels:

  • 0.236: 92,000 USD

  • 0.382: 91,500 USD

  • 0.618: 90,700 USD

2️⃣ Exponential Moving Averages (EMA):

  • 50 EMA: 92,100 USD

  • 100 EMA: 91,800 USD

  • 200 EMA: 90,500 USD

  • 400 EMA: 89,000 USD

3️⃣ RSI Divergence:

  • RSI Level: 60 (bullish divergence noted).

4️⃣ Key Support & Resistance Levels:

  • Support: 91,200 USD, 90,500 USD

  • Resistance: 92,500 USD, 93,000 USD

5️⃣ MACD:

  • Signal line crossing above the histogram indicates upward momentum.

4-Hour Time Frame Analysis

1️⃣ EMA Levels:

  • 50 EMA: 91,600 USD

  • 100 EMA: 91,300 USD

  • 200 EMA: 90,900 USD

  • 400 EMA: 89,400 USD

2️⃣ Weekly Pivots:

  • Pivot: 91,500 USD

  • Resistance 1 (R1): 92,200 USD

  • Support 1 (S1): 90,700 USD

3️⃣ Order Blocks:

  • Bullish Block: Near 90,800 USD

  • Bearish Block: Around 92,200 USD

BTCUSD Fundamental Analysis

📅 Upcoming USD News Events:

  1. FOMC Minutes Release (Nov 22, 2024): High impact, could affect BTCUSD volatility.

  2. US Core Retail Sales Data (Nov 20, 2024): Anticipated to influence USD strength.

💡BTCUSD Daily Analysis Summary by K9 Investments Trading

🥇 Join FREE Telegram Channel: @K9_Investments_GoldTrading

BTCUSD

  • Current Price: 91,685 USD

  • Key Levels:

    • Support: 91,200 USD, 90,500 USD

    • Resistance: 92,500 USD, 93,000 USD

    • Weekly Pivot: 91,500 USD

    • EMA Levels: Daily EMA (50): 92,100 USD



FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE Gold Forex signals, daily analysis, and a rich educational resource library, including free trading ebooks.


2.Which brokers are trusted for Gold Forex Crypto trading?

K9 Investments recommends trusted brokers like:


3.What makes BTCUSD trading different?

BTCUSD offers high volatility and liquidity, ideal for day traders.


4.How does Fibonacci Retracement improve accuracy?

It identifies key levels for market reversal or continuation.


5.Are BTCUSD signals accurate?

Yes! K9 Investments’ signals have over a 95% accuracy rate.


6.How do I manage risk while trading?

Use a strict stop loss and maintain a risk-reward ratio of at least 1:2.


7.Can I get signals for XAUUSD and EURUSD too?

Absolutely! Join our FREE signals channel.


8.How do I start with K9 Investments?

Visit K9 Investments About Us for details.



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