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BTCUSD price stands at $67,374
📈 Intraday Trading Signals (BTCUSD)
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1. Buy Signal (BTCUSD)
Entry: 67,400 USD
Stop Loss: 66,500 USD
Take Profit 1: 68,200 USD
Take Profit 2: 68,800 USD
2. Sell Signal (BTCUSD)
Entry: 66,800 USD
Stop Loss: 67,600 USD
Take Profit 1: 66,000 USD
Take Profit 2: 65,300 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. Please read and fully understand our Risk Disclosure. Trade at your own risk.
🔍 BTCUSD Market Analysis
1. Support and Resistance Levels (Daily & 4hr Timeframes)
Daily Support: 66,500 USD
Daily Resistance: 68,500 USD
4hr Support: 66,800 USD
4hr Resistance: 67,800 USD
These key levels act as potential reversal points where traders can find profitable entry and exit opportunities.
2. Fibonacci Retracement Levels (Daily Time Frame)
Fibonacci 61.8% Retracement Level: 66,900 USD
Fibonacci 50% Retracement Level: 67,374 USD
Fibonacci 38.2% Retracement Level: 67,800 USD
Fibonacci retracement levels offer valuable insights into market corrections and possible bounce-back areas.
3. Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 65,800 USD
EMA 100: 63,900 USD
EMA 200: 61,500 USD
EMA 400: 58,700 USD
4hr Time Frame:
EMA 50: 66,500 USD
EMA 100: 65,300 USD
EMA 200: 64,000 USD
EMA 400: 62,800 USD
The alignment of shorter EMAs above longer ones suggests a bullish trend.
4. RSI Divergence
RSI currently shows slight bearish divergence, signaling a potential downturn unless there is a strong bullish push above 67,800 USD.
5. Order Blocks
Bullish Order Block: Located at 66,500 USD, providing a possible buy zone.
Bearish Order Block: Found near 67,900 USD, acting as resistance.
6. MACD
The MACD line is currently above the signal line, confirming a bullish trend, but weakening momentum near resistance areas.
📊 Daily Analysis Summary
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Key Levels
Daily Support: 66,500 USD
Daily Resistance: 68,500 USD
EMA 50 (Daily): 65,800 USD
EMA 100 (4hr): 65,300 USD
Fibonacci 61.8% (Daily): 66,900 USD
Fibonacci 50% (Daily): 67,374 USD
Weekly Pivots:
Pivot 1: 67,200 USD
Pivot 2: 66,500 USD
Pivot 3: 68,000 USD
🔔 Upcoming USD News Events
Upcoming major news in the US, such as CPI Inflation Data on October 19th, 2024, could introduce increased volatility to BTCUSD. Traders should keep an eye on this event, as it will likely impact both the Bitcoin and USD markets.
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1.Why is K9 Investments the best signal provider?
K9 Investments offers FREE and VIP signals, educational resources, and daily analysis. Access free ebooks on Gold Forex trading:Free Gold Forex Trading Ebooks
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3.Is K9 Investments suitable for beginner traders?Yes, K9 Investments offers beginner-friendly educational resources. Explore Level 1 Forex Trading Educational Videos.
4.How often are signals updated? Signals are updated daily based on real-time market analysis and conditions. Visit K9 Investments for more.
5.How can I improve my trading skills?
Follow our daily market analysis and read our blog: K9 Trading Education Articles.
6.What’s the difference between VIP and Free signals? VIP signals offer more precise entries with higher success rates. Learn more: K9 Investments VIP Signals.
7.How Can I Start My Forex, Gold, or Crypto Trading Journey?
Starting your trading journey with K9 Investments is simple. Open an account with one of the recommended brokers, such as Vantage, Exness, or XM, and join our FREE Telegram Channel for daily signals and market analysis. You'll receive educational support, trade setups, and risk management tips to help you succeed.
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