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Writer's pictureK9 Investments
Oct 223 min read

BTCUSD Daily Market Analysis 22nd OCT 2024 by K9 Investments Trading

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


BTCUSD is trading at $67,366.


Intraday BTCUSD Signals by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


Buy Signal:

  • Entry: $67,500

  • Stop Loss: $66,800

  • Take Profit 1: $68,200

  • Take Profit 2: $69,000

Sell Signal:

  • Entry: $67,200

  • Stop Loss: $67,850

  • Take Profit 1: $66,500

  • Take Profit 2: $65,800

🔔 Note: Always apply strict risk management.


🔹 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. Please read and fully understand our Risk Disclosure.

BTCUSD Market Analysis Overview of Daily and 4hr Time Frames

Our analysis today is built around key technical indicators like Fibonacci Retracement Levels, EMA (50/100/200/400), RSI Divergence, and Order Blocks.

Key Support & Resistance Levels:

  • Daily Support: $66,200

  • Daily Resistance: $68,500

  • 4-Hour Support: $66,700

  • 4-Hour Resistance: $68,100

Fibonacci Retracement Levels:

Using the Daily Swing High of $69,000 and the Swing Low of $65,000, here are the important retracement levels:

  • 38.2% Retracement: $66,800

  • 50% Retracement: $67,000

  • 61.8% Retracement: $67,200

EMA Levels:

  • Daily EMA Levels:

    • 50 EMA: $65,850

    • 100 EMA: $64,700

    • 200 EMA: $63,500

    • 400 EMA: $62,300

  • 4-Hour EMA Levels:

    • 50 EMA: $67,000

    • 100 EMA: $66,400

    • 200 EMA: $65,800

    • 400 EMA: $64,500

RSI Divergence:

The RSI on the 4-hour chart is showing bullish divergence, indicating potential upside movement in the short term. Traders should monitor a break above the 70 level on RSI for confirmation.

Order Blocks:

Significant buy orders are clustered around $66,300, providing a strong support zone. Meanwhile, sell orders at $68,500 signal a critical resistance area.

MACD:

The MACD is currently showing a bullish crossover on the daily timeframe, which is typically a signal for upside momentum.

Fundamental Analysis & USD News

With BTCUSD driven by both technicals and fundamentals, let’s highlight critical USD news for today:

  • FOMC Meeting Minutes on Thursday could have a massive impact on the USD, indirectly affecting BTCUSD as crypto remains correlated with USD volatility.

  • US Core PCE Price Index on Friday is also one to watch for inflation data, which might trigger broader market movements, influencing Bitcoin’s trajectory.

BTCUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


BTCUSD

📊 key technical levels:

  • Daily Support & Resistance: $66,200 (Support), $68,500 (Resistance)

  • 4-Hour Support & Resistance: $66,700 (Support), $68,100 (Resistance)

  • EMA Levels:

    • Daily: 50 EMA at $65,850; 100 EMA at $64,700; 200 EMA at $63,500; 400 EMA at $62,300

    • 4-Hour: 50 EMA at $67,000; 100 EMA at $66,400; 200 EMA at $65,800; 400 EMA at $64,500

  • Fibonacci Retracement Levels: 38.2% at $66,800; 50% at $67,000; 61.8% at $67,200

  • Weekly Pivots: $67,000, $67,800, $68,500

  • Daily Pivots: $66,700, $67,200, $67,800

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE signals, educational resources,Weekly market analysis, and ebooks for traders at every level.


2.Which brokers are trusted for Gold Forex Crypto trading? Based on feedback, we recommend brokers like:


3.How does USD news affect BTCUSD? USD volatility often impacts BTCUSD, as the crypto market reacts to economic indicators such as inflation or interest rate decisions.

4.Is K9 Investments suitable for beginner traders? Absolutely! K9 Investments offers Level 1 Forex Trading Educational Videos for beginner traders.

5.Can I use K9 Investments signals with any broker? Yes, our signals work with most brokers, including trusted ones like XM and Exness.

6.How can I access K9 Investments' educational content? Visit our Free K9 Trading Education Articles for expert trading knowledge.

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