.png)
💬 WhatsApp K9 Investments Trading www.k9investmentstrading.com for FREE Gold Forex Live Trade Setups & Market Analysis🥇 Join our FREE Telegram Channel @K9_Investments_GoldTrading
The current BTCUSD live price of $69,446
BTCUSD Intraday Signals by K9 Investments Trading www.k9investmentstrading.com
🥇 FREE Telegram Channel: @K9_Investments_GoldTrading
Get 60+ Free eBooks: https://www.k9investmentstrading.com/free-gold-forex-trading-ebooks
🔹 Signal 1: Buy BTCUSD
Entry: $69,250
Stop Loss: $68,900
Take Profit 1: $69,900
Take Profit 2: $70,300
🔹 Signal 2: Sell BTCUSD
Entry: $69,800
Stop Loss: $70,200
Take Profit 1: $69,100
Take Profit 2: $68,700
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 ensure you fully understand our Risk Disclosure. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
BTCUSD Daily Market Analysis
Overview of BTCUSD Price Action
As of 1st Nov 2024, BTCUSD has shown significant price movement, reaching $69,446. The daily and 4-hour charts reveal that the current market is hovering around key resistance levels, and several technical indicators suggest potential setups for both bullish and bearish scenarios.
Support & Resistance Levels on Daily and 4-Hour Timeframes
On the daily timeframe, BTCUSD faces resistance near $69,900 and $70,300. The support zones are located at $69,100 and $68,700, offering traders potential bounce-back points.
On the 4-hour timeframe, resistance lies at $69,800 and $70,000, while key support areas include $69,200 and $68,800.
Fibonacci Retracement Levels
Using the Fibonacci retracement tool on the daily timeframe, the key swing levels for BTCUSD are:
61.8% retracement: $69,200
50% retracement: $68,800
38.2% retracement: $68,500
These levels are critical for determining potential entry and exit points for traders.
Exponential Moving Averages (EMA)
The EMA levels are crucial for identifying trends:
Daily Timeframe:
50 EMA: $68,900
100 EMA: $68,300
200 EMA: $67,800
400 EMA: $66,500
4-Hour Timeframe:
50 EMA: $69,100
100 EMA: $68,900
200 EMA: $68,400
400 EMA: $67,600
These EMAs serve as dynamic support and resistance levels that can influence short-term and long-term trend reversals.
RSI Divergence
On the 4-hour chart, RSI divergence is indicating a possible retracement as BTCUSD approaches the overbought zone. The RSI reading is hovering near 70, suggesting potential selling pressure if a reversal occurs near the resistance zone of $69,800.
Order Blocks
There are notable order blocks on the 4-hour chart around $69,100 and $68,700, indicating areas where institutions might be placing large buy orders. These levels could create high-probability trade entries for the buy setups mentioned.
MACD
The MACD on the daily timeframe indicates bullish momentum, with the signal line moving above the MACD line. However, a potential crossover could occur if BTCUSD fails to break the resistance levels at $69,900, signaling a bearish reversal.
Fundamental Analysis
As we move through the first week of November 2024, the upcoming key USD news events include:
US Non-Farm Payrolls (NFP) data release on 3rd Nov 2024. This could significantly impact BTCUSD volatility due to the USD correlation with Bitcoin.
FOMC meeting minutes scheduled for 6th Nov 2024, where the Federal Reserve’s stance on interest rates may influence broader market sentiment.
Traders should remain cautious as these events could lead to sharp price movements in BTCUSD.
BTCUSD Daily Analysis Summary by K9 Investments Trading
🥇 FREE Telegram Channel: @K9_Investments_GoldTrading
Get 60+ Free eBooks: https://www.k9investmentstrading.com/free-gold-forex-trading-ebooks
Key Levels Summary
Daily Support and Resistance:
Support: $69,100, $68,700
Resistance: $69,900, $70,300
4-Hour Support and Resistance:
Support: $69,200, $68,800
Resistance: $69,800, $70,000
Exponential Moving Averages (EMA) – Daily:
50 EMA: $68,900
100 EMA: $68,300
200 EMA: $67,800
400 EMA: $66,500
Exponential Moving Averages (EMA) – 4-Hour:
50 EMA: $69,100
100 EMA: $68,900
200 EMA: $68,400
400 EMA: $67,600
Weekly Pivots:
R1: $70,000
R2: $70,500
R3: $71,000
S1: $69,000
S2: $68,500
S3: $68,000
Daily Pivots:
R1: $69,800
R2: $70,200
S1: $69,200
S2: $68,900
Fibonacci Retracement Levels:
61.8%: $69,200
50%: $68,800
38.2%: $68,500
FAQs
1.Why is K9 Investments the best signal provider?
K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and comprehensive trading eBooks.
2.Which brokers are trusted for Gold Forex Crypto trading?
We recommend brokers based on client feedback:
3.How does BTCUSD trading work?
BTCUSD trading involves buying and selling Bitcoin (BTC) against the US Dollar (USD) on Forex and cryptocurrency platforms, profiting from price changes.
4.What are the best indicators for BTCUSD trading?
The best indicators include Fibonacci Retracement, Exponential Moving Averages (EMAs), RSI divergence, MACD, and support & resistance levels for accurate analysis.
5.How can I learn BTCUSD technical analysis?
You can learn BTCUSD technical analysis by studying chart patterns, price action, and indicators. Explore K9’s Free K9 Trading Education Articles & Blog here.
6.What is the role of fundamental analysis in BTCUSD trading?
Fundamental analysis evaluates economic factors and news events, such as USD interest rates, that can significantly impact BTCUSD market movements.
7.Where can I get FREE BTCUSD signals?
You can get FREE BTCUSD signals through K9 Investments’ Telegram channel and website. Click here for more.
8.What is the best BTCUSD trading strategy?
A popular BTCUSD strategy is trend-following using EMAs, along with Fibonacci retracements and strong support & resistance zones for accurate trade entries.
Hashtags:
Comentarios