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Writer's pictureK9 Investments
Nov 212 min read

BTCUSD Daily Market Analysis 21st 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: $96,537


BTCUSD Intraday Signals

📲 Telegram Channel: @K9_Investments_GoldTrading

Signal 1: Buy Setup

  • Entry Point: $96,500

  • Stop Loss: $96,200

  • Take Profit 1: $96,800

  • Take Profit 2: $97,200

Signal 2: Sell Setup

  • Entry Point: $96,700

  • Stop Loss: $97,000

  • Take Profit 1: $96,400

  • Take Profit 2: $96,000

👉 Disclaimer: 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. Trading Forex and CFDs may not be suitable for all investors. Please ensure you fully understand our Risk Disclosure.


BTCUSD Market Analysis Daily Timeframe Overview

📉 The BTCUSD pair currently trades at $96,537, presenting significant movement influenced by macroeconomic factors. The daily chart highlights a consolidation phase near key Fibonacci retracement levels.

  • Support Levels: $96,200, $95,800

  • Resistance Levels: $96,800, $97,300

Fibonacci Retracement Levels

Based on the daily swing high of $97,800 and swing low of $95,000:

  • 23.6%: $96,352

  • 38.2%: $96,708

  • 61.8%: $97,092

Exponential Moving Averages (EMAs)

  • Daily Timeframe:

    • EMA 50: $96,240

    • EMA 100: $95,600

    • EMA 200: $94,980

    • EMA 400: $94,220

  • 4-Hour Timeframe:

    • EMA 50: $96,450

    • EMA 100: $96,200

    • EMA 200: $95,750

    • EMA 400: $95,100

Indicators Overview

  • RSI: Currently at 55, showing neutral momentum with slight bullish divergence on the 4-hour chart.

  • MACD: The histogram shows weakening bullish momentum, with the signal line nearing a bearish crossover.

  • Order Blocks:

    • Buy Order Block: $96,000–$96,200

    • Sell Order Block: $96,700–$96,900

Pivot Levels

  • Weekly Pivots:

    • Support: $95,850, $95,300

    • Resistance: $96,800, $97,500

  • Daily Pivots:

    • Support: $96,200, $95,800

    • Resistance: $96,850, $97,200

Fundamental Analysis

This week, the FOMC Meeting Minutes and US Initial Jobless Claims reports are expected. A dovish tone from the Federal Reserve could boost BTCUSD's price, while better-than-expected labor data might weigh on the pair.


BTCUSD Daily Analysis Summary by K9 Investments Trading

📲 Telegram Channel: @K9_Investments_GoldTrading

BTCUSD

Key Levels Recap

  • Daily Support: $96,200, $95,800

  • Daily Resistance: $96,800, $97,300

  • 4-Hour EMAs: $96,450, $96,200, $95,750, $95,100

  • Fibonacci Levels: $96,352 (23.6%), $96,708 (38.2%), $97,092 (61.8%)

  • Pivots: Weekly ($95,850–$97,500), Daily ($96,200–$97,200)

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE trading signals, educational resources, e-books, and daily market analysis. Learn more:👉 Free Gold Forex Trading E-books

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

Trusted brokers include:

3.What are the best indicators for BTCUSD trading?

Key indicators include EMAs, RSI, Fibonacci retracement levels, and MACD.


4.Is BTCUSD trading profitable?

BTCUSD trading is profitable with proper risk management and using trusted signals from K9 Investments.


5.What timeframes are best for BTCUSD trading?

The daily and 4-hour timeframes are optimal for intraday and swing trading setups.


6.How can I improve my BTCUSD trading skills?

Enhance your skills with K9 Investments' resources:👉 Level 1 Forex Educational Videos


7.Are K9 Investments' signals suitable for beginners?

Yes! Signals are crafted to guide beginners and experts alike.



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